0
The only way they are notified is by the beneficiary filing a claim with a certified death certificate and claim forms. They have no secret power to know if someone dies.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is the name of the holder of an insurance policy?
is it a policy holder?
Who is the person that is the holder an insurance policy?
policy holder
What is sum assured in health insurance?
Sum assured is the minimum amount payable by the insurance company in case of death of the policy holder. In such case the policy holder select the sum assured or coverage. Than it is mandatory for insurance companies to pay out this sum in case of the unfortunate death of the policy holder.
What is the executor on a life insurance policy?
The Policy Holder of a life insurance policy is the executor of the said policy.
How do you engage with insurance companies?
You can engage yourself with an insurance company either through employment or by becomming an agent. Or, your involvement may be in the form of a policy holder of the particular insurance company.
How do you find a life insurance policy after the death of policy holder?
no
What is the difference between an additional insured and a certificate holder professional liability insurance?
The same as on all insurance policies. An additional insured is someone who is also insured along with you on the policy. A certificate holder is someone that you have an obligation to provide your proof of coverage. The certificate holder will also be notified of all policy changes, lapses, cancellations, expiration's and renewals. If you receive a cancellation notice, policy change, a late payment notice etc., The certificate holder will also receive these notices.
What is the holder of an insurance policy called?
Insured.
The holder of the insurance policy is called the?
The holder is the owner, In the case of Life Insurance , the person paid is the beneficiary .
Does life insurance companies have to pay interest to the beneficiary if the policy holder died 17 years ago and the policy has just been found?
Not enough information is disclosed in order to offer an answer. Was the company ever notified of the insured's death? Who has been paying the premiums for this policy for the past 17 years? Are you sure it hasn't lapsed? What were the original terms of the policy? Too many un-answered questions - you really need to contact the insurance company for assistance.
Person who is the holder of an insurance policy?
The person can be called Policy Holder,Insured, Life Assured as the case may be.
Is permanent life insurance the same as whole life insurance?
Technically, there is no insurance policy called as permanent life insurance. However, you can treat whole life insurance policy as permanent since the policy covered the whole life span of the policy holder and benefit is payable to nominee in the event of any eventuality of the policy holder.
