who collects the life insurance in a marriage when one spouse dies and theres no beneficiary on file
One can buy a life insurance online at Colonial Penn, AAFMAA, OLE and many others. One should take care and time before applying for a life insurance. Some life insurance sites might be untrustful.
Supplemental life insurance can be purchased from all good insurance providers. Try comparison webpages or companies such as 'combined insurance', for example.
One can buy RBC insurance online through their RBC Insurance website. There are a few different options to meet one's need's whether they're looking for car, travel of life insurance.
There are some reasons why one would buy Catholic life insurance. The Catholic life insurance company is a non-profit company that returns its profits to members and the surrounding community through community service projects.
MetLife offers the option to buy term life insurances online. They are a very reputable source of life insurance and could answer any further questions.
There are various companies one can buy whole life insurance from. Some of those companies are State Farm, Nationwide, Mutual of Omaha, BMO and Met Life.
Many life insurance providers offer life insurance with no physical exam required. One well-known company is Globe Life Insurance. For customers over 50 years of age, AARP also offers a life insurance policy with no physical required.
An individual can buy Whole Life insurance from many different companies online. Some examples include State Farm, Met Life and New York Life. Most insurance agencies offer these policies on their websites.
One can usually find information to buy life insurance by watching the multiple T.V. commercials that are aired. They will give you contact information, and you can consult them for even further information.
The average amount of life insurance can vary for your spouse based on several factors, including gender of your spouse, their age and health, the cost of life insurance, as well as other factors. In 2002, the average new individual life insurance policy was $129,459. Source: American Council of Life Insurers The amount you need for life insurance for your spouse may vary depending on the value your spouse provides, do they work and earn an income? If they are a stay-at-home spouse, what work around the home do they take care of that you would have to pay for if they were no longer there? Do they take care of the kids, wash clothes, clean the house, run errands, etc? It may cost quite a bit to replace all the work a stay-at-home spouse performs on a regular basis. You may want to use a life insurance calculator to help you in determining your life insurance needs for your spouse. There's a good calculator available at http://swz.salary.com/momsalarywizard/layoutscripts/mswl_newsearch.asp that provides a way of determining what mom's work at home is worth. They also have one for stay-at-home dads, too.
Life insurance policies are extremely flexible. For instance if you have a policy on someone there can also be added to this policy a rider to provide term life insurance to cover the spouse and children if desired. Putting this all on one policy saves some money by having only one policy fee instead of several. The term riders would have a designated beneficiary just like the primary policy on the other spouse. Usually they would be each other but they don't have to be.