Your best bet will probably be to contact the insurance company by which the life insurance was underwritten by first. The bank will not know anything about the policy, and whoever took them over will not even be able to find records of something like that.
Endowment Insurance policy is life insurance. Life insurance is very important to have, especially if you have a family or kids. If anything should happen to you, you would want to know that your family could live comfortably without your income.
Yes. You should ask your lender. You should also check out a simple term life insurance policy in the amount of the mortgage. It may be less costly.Yes. You should ask your lender. You should also check out a simple term life insurance policy in the amount of the mortgage. It may be less costly.Yes. You should ask your lender. You should also check out a simple term life insurance policy in the amount of the mortgage. It may be less costly.Yes. You should ask your lender. You should also check out a simple term life insurance policy in the amount of the mortgage. It may be less costly.
Initially, it is important to understand that cash value is a feature of whole life insurance only, not term life. The simple answer to the question is that cash value comes from premiums paid. The structure of a whole life policy is such that a portion of the premium is allocated to the actuarially determined cost of "protection", and the rest is allocated to an account that develops cash value. You can analogize cash value to a savings element within the policy, but it does differ in important ways from true savings and should not substitute for it. Whether whole life or term, life insurance should be purchased principally for the financial protection that it provides to survivors.
Term insurance is one of two main categories of life insurance; the other is whole life insurance (sometimes called "permanent insurance"). The fundamental characteristic of term insurance is that it is designed to last for a definite period of time (the "term"). It affords a death benefit only, meaning that it pays its face value upon the death of the insured if the death occurs during the term of the policy. That is, if the person insured dies only after the policy has expired, no payment is made. It is also distinguishable from whole life insurance in that it does not accumulate "cash value". Cash value is similar to a savings account built into a whole life policy such that a portion of the premium is applied to paying for the death benefit and another portion applied to the cash value accumulation. However, the cash value portion should never be considered to be a savings account in the usual sense of that term. Likewise, all kinds of life insurance should be considered to be protection rather than investments.
The owners name is listed on the life insurance application unless it was changed at some point. Any change was also mailed to the policy owner and should be added to the policy. Only the owner can make changes to the policy.
my father had a life insurance policy with mutual savings and was told that it had been paid out for years, he had other policies on myself,two of my sisters and a close friend, that were up to date, he was not aware that he no longer had a policy on himself so he started a new policy and he died eleven months later, the policy was not enough to pay for his funeral. What should i do?
Whole life insurance does come with several benefits. I would personally suggest term life insurance the the cost savings.
You should review your insurance policy. The name of your insurer will be displayed on your policy declarations page.
Your life insurance policy should contain a provision that stipulates if the policy covers death by homicide. It really varies from policy to policy, depends on the insurance company, etc.
You will probably need a court order. You should call a lawyer.
You should probably go back to the 5th grade first.
It should. You should request a policy review with your agent. It has to be stated in the policy what is and is not covered. <><><> DO review your policy with your agent. Sewer Backup is typically EXCLUDED from most homeowner's insurance. It CAN be added to a homeowner's policy. Have you read your policy?
A teen in Rhode Island should get their own auto insurance policy when they get a car in their name.
The owner will usually have a policy but if you are a renter, you should have a renters insurance policy to cover your personal belongings.
An insurance policy should still remain valid for the remaining term following a claim providing that the claim is such that it does not require the insurer to cancel the policy. You should check with your insurer.
If the girlfriend is still alive then she can change her beneficiary. If she died and didn't change her beneficiary then you may have a claim if her estate went to your father. You should speak to an attorney. You refer to a "policy holder" in your question as well as an "estate". If the subject is a life insurance policy and your father was the beneficiary but was deceased when the insured died then be aware that the girlfriend probably named a contingent beneficiary on her policy.
To find out if your insurance will cover bariatric surgery, look at the insurance policy. You should either have a hard copy of the policy that was sent via mail, or you can go online to the insurance website to access this policy.