IF a person dies WHILE Committing a FELONY, the policy will not pay out when he dies.
I'm not sure if DUI counts in this answer...I think it may depend... if they hit someone and it was manslaughter it would not pay. IF they were driving while intoxicated and someone hit them ...I'm not sure...it may depend on the coroner report.
However I can say that if someone was robbing a bank, or opened a crackhouse and was shot by police while in the act of trying to apprehend the person...the claim would not be paid.
Yes. You can still obtain life insurance with a felony on your record.
I was told by Bankers life and Casualty insurance company that if you have a Felony, Michigan will not issue a license to sell life insurance to you.
In VA...NO
None, that I am aware of.
if the owner of a life insurance policy dies and the policy is on her son. What happens to the ppolicy and is it part of the estate.
No.
Insurance for the family if one of the adults running the household dies.
The new owner of a life insurance policy if the original owner dies before the insured.
Life insurance pays a death benefit when the insured party dies. So, it is insurance on someone's life. Non Life Insurance (such as home, auto, general liability) insurance covers something else other than a person's life.
When deciding what type of life insurance to get, someone can choose between term and whole life insurance. Term insurance pays out when a person dies and whole life can be cashed in if you need the money early.
Ameritas specializes in life insurance. Life insurance is an insurance involved in death, when a person dies, someone else can get a large sum of money.
who collects the life insurance in a marriage when one spouse dies and theres no beneficiary on file