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'in death how much is paid if individual has several whole life insurance policies'?
Wiki User
∙ 14y ago
The amount that is paid by whole life insurance is the face value of each policy. It would be paid to the beneficiaries listed by the owner upon his/her death.
Wiki User
∙ 14y ago
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What type of life insurance policies are carried by Aetna?
Aetna offers several different types of life insurance policies which would include, basic, supplemental, dependent and accidental death. There is also supplemental accidental death and supplemental dependent life insurance to choose from.
What are some of the policies offered by Sunlife Insurance?
Sunlife Insurance offer a number of policies. They offer life insurance policies as well as funeral planning policies to enable one to leave money to loved one's after death.
How does a Universal Life Insurance Policy work?
Universal Life Insurance Policies work by giving death benefits when one dies. Unlike other life insurance policies, universal life insurance policies generate interest over time.
Which type of insurance coverge will not pay for death of insurced do to an illlness?
The question must be more specific to be answered. There are a vast array of insurance policies that have nothing to do with illness or death. Even life insurance policies have exceptions and exclusions to payment of proceeds that may apply.
Can husband and wife remain on auto insurance policies after the death?
That is what we call fraud!
Which life insurance covers at of terrorism?
All life insuance policies cover death by acts of terrorism because all life insurance policies cover death by any cause at any time in any place.
Where can one get dismemberment insurance for accidental death?
Accidental Death and Dismemberment insurance is often referred to as AD&D. Such insurance policies can be purchased online. State Farm Insurance offers this type of policy.
What are some low rate life insurance policies?
Some low rate life insurance policies are the whole life policies. Life insurance policies are contained in a contract between an insurer and the insured, stating how much would be paid to a designated beneficiary in the event of the death of the insured.
What are some life insurance coverage characteristics?
Life Insurance policies are of various kinds. There exist term policies, whole life insurance policies. endowment policies, universal life insurance policies. Each type has its own characteristics. In general, life insurance policies are contracts that pay a specified amount (the proceeds) upon the death of the insured. Term insurance is sometimes characterized as "pure protection" in that it does not contain within it an element of "savings" or accumulated value. In contrast, whole life, in addition to the death benefit, accumulates value as premiums are paid, which can br borrowed. If the loan is not repaid, the balance, plus the contract rate of interest, will be deducted from the death benefit.
If the death is ruled suicide will life insurance still pay?
Most, if not all, life insurance policies have an exclusion that states that the policy will not pay if the death is ruled a suicide.
Do you claim the money from life insurance policies from your parents death?
If you are the named beneficiary of their life policies you do. You can call and ask the insurance companies who the beneficiary is and they will tell you that much. I presume your question had to do with claiming the death proceeds as income. If so, the answer is NO! Life insurance proceeds are received income tax free.
Does US have a death tax?
No, as the only costs associated really are the claims of life insurance policies and death/funeral arrangements.
