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Can 2 people hold two life insurance policies on 1 person with the same company?
Wiki User
∙ 13y ago
Yes, provided that each person has an insurable interest in the life of the insured.
An "insurable interest" is essentially a "stake" in the continued life of the person insured. It can be based upon financial dependence, familial relationship, business relationships (such as a partner having an insurable interest in the life of another partner), and in most states, "love and affection".
Wiki User
∙ 13y ago
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Can you have insurance from two different company?
Yes. You can have as many policies as you want from as many companies you want. There are no restrictions about the number of policies a person can have.
How can you find out if you are the beneficiary on a policy?
You need to contact the insurance company to find out. Unfortunately, there is no easy way to find out what insurance company, if any, the person was using. But here are a few hints: If you have access to the person's records, look through the files for a copy of the policy or cancelled checks to an insurance company. If the person had auto or home insurance, contact that company. Many people keep all their insurance policies with one company. Ask relatives of the person who died, if they know of a life insurance policy and if so, with what company. Contact their state Office of Unclaimed Property, they would have a record of the insurance payments.
Who is honoring National Burial Insurance Company's Burial Policies?
National Bural Insurance Company, or as originally called National Life Insurance Company was bought out by Monumental Life Insurance Company. Dealing with this company appears they are not customer friendly and pass you from person to person while each making you wait for 20 minutes..
How does someone else using your address for auto insurance affect you and your auto insurance?
Insurance companies use a service that helps them to identify possible unlisted drivers on insurance policies. It will bring up names of people who use this address or people you have listed on your prior policies and such. All that happens is that the company may ask you about such people and you just answer the questions as to whether or not the person lives in your house and or whether or not they drive your vehicles.
Can two people hold two life insurance poicies on the same person with different companies?
YES, you can have multiple insurance policies, from different companies or even from the same company. Each company has it's own rules of how much life insurance someone can get. You can get quotes from multiple companies and have life insurance policies issued simultaneously from different companies. You should work with an insurance agent that has access to multiple insurance companies and can advise you what requirements each company has, and the limits they are willing to issue for life insurance.
What do you call the person who buys insurance policies?
people from all walks of life (the insured)
Can you buy life insurance for terminally ill people?
No, you can't buy life insurance for terminally ill people. Life insurance policies will only pay a death benefit if the insured person does not die of a condition that already existed (known as a pre-existing condition) at the time the policy is first purchased. So, while it would be possible to lie to the insurance company and claim that the person buying the insurance is perfectly healthy, and not all insurance policies require a medical examination, it is still true that when the person dies, the insurance company will investigate and will discover that the death resulted from a pre-existing condition, and therefore the insurance is not valid. (They will return the premiums paid, however.)
How many life insurance policies iS one person allowed to have?
There isn't a limit to how many policies one person may have. I have seen people have more than 10 policies. There are limits however on how much life insurance you can get. The limit is not as much in the number of policies as the total amount of coverage. Most maximum amounts are based on income replacement.
Can you have two health insurance policies?
Yes, A person can take multiple health insurance plans form same company or from different company. In fact it is a good idea to take two health plans from different companies and diversify.
Can a Muslim person work for insurance company?
can a muslim person work for auto insurance company
What do you call the person who sells insurance policies?
This individual is called an Agent or Insurance broker
What is the title of a person in an insurance company who calculates the premium?
An Actuary is the person in an insurance company who calculates the premium
