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What else can I help you with?
Can a daughter take out a life insurance policy on her mother?
Yes you can. Your mother would have to sign as the applicant, and you as the owner. Also the insurance company may want to know the reason for the policy and its purpose.
How do you find out about a juvenile modifed whole lif insurance policy?
The owner of the policy is the only person who has a right to get information on a child's life insurance policy. The owner is also the only one who can make changes or withdraw money from the policy.
Must a spouse be beneficary of life insurance policy in virginia?
No state law will require whom the beneficiary is on a life insurance policy. This is up to the owner of the policy. it may be changed by the owner of the policy if they choose to do so as well. Remember that the owner and the insured is usually the same person but they don't have to be. Such as with a minor child. A parent would want to be the owner of the policy while the child is the insured. This is the same with any policy. The owner has ultimate control over the policy and is the only one who can make changes or cancel the policy. The insured has no say after the policy is issued to do anything with it.
What is contingent owner on life insurance policy?
The new owner of a life insurance policy if the original owner dies before the insured.
If a life insurance policy owner dies what happens to the policy?
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.
Can you have a husband and a child as a beneficiary on a life insurance policy?
Yes, all life insurance companies allow the policy owner to name more than one beneficiary at any time.
Does an owner of a life insurance policy have to be the payer?
No, the owner of a life insurance policy does not have to be the payer. Pretty much anyone can be the payer.
Can a beneficary sign the policy over to someone else insurance policy?
No, only the OWNER of the insurance policy can sign the policy over. Sometimes the owner is the insured, but not always.
What is the person that buys the insurance policy called?
The person that buys the insurance policy is referred to as the policy owner. This person is the only one that can make changes to the policy or cancel it. However, there may be more than one policy owner for the same insurance policy.
What is the cash value in an insurance policy mean?
The cash value is the amount of money your insurance policy is worth to the owner of the policy if the insurance is cancelled and the policy terminated. The insurance company will mail a check to the to the policy owner upon policy termination or cancellation by request of the owner. I would strongly encourage you to consult a professional in your area before cancelling an existing policy. There may be other options and alternatives to access the value of the policy without cancelling the insurance policy.
How can I cancel joint life insurance when one party doesn't consent?
This will depend on some factors. Who is the policy-owner? The policy-owner is the only person who can cancel the insurance policy,
Who pays when driver is not the car owner but has car insurance?
Usually the insurance policy of the owner of the car is primary and then if the driver of the car has a policy of their own then it is secondary.
