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Can one life insurance policy have two names listed as the policy holder?
Wiki User
∙ 8y ago
Do you mean as owner or as beneficiary? Either way, yes.
Wiki User
∙ 8y ago
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Can you have two names on car insurance policy?
Yes, all household operators should be listed.
Your 16-year-old daughter does not live with you or her mother has a car in her name and insurance in her name so who is liable in case of an accident?
The names of the "insured" on the declarations page of the insurance policy and those listed as "other operateors" of the vehicle list on the same "deck page" of the policy are covered. Liabilites and their limits are listed in the policy.
How do you find an old insurance company united insurance company of illinois and you have a policy?
There are several companies with similar names. Please provide the exact name from the insurance policy.
What are the specifics regarding multiple names on an auto insurance declaration coverage?
Names that may be listed on the declarations page definitely include the "named insured" and may also include the "drivers" listed and excluded if any are excluded. The named insured is who the policy belongs to and in who name the insurance is in. It is very important to realize that you cannot insure something that you do not own. The only exception to this is a legally married couple. The insurance can be in either name as long as the vehicle is is one or both names. I always list both the husband and wife as the named insured on an auto policy so that either can make changes to the policy and if one dies the remaining spouse will not have to start over with their insurance. Just remember that the insurance must be in the name of the person who owns the vehicle. If not the insurance cannot pay a claim and you have wasted your money.
If you purchase life insurance policy on your adult child naming myself as beneficiary can adult child change beneficiary?
The purchaser of an insurance policy names the beneficiary.
When married are children covered under spouse's health insurance?
In order for anyone to be covered under anyone's health insurance, they must be listed on the policy and a premium must be collected for them. If your spouse did not include their names on the plan and no premium is being collected for them, then they won't have coverage.
Can your brothers wife keep proceeds from insurance policy as executor of his will?
If the estate is listed as the beneficiary of the policy, the executor is bound to follow the wishes of the deceased, in which case the proceeds would go to the "residuary legatee" if no other claim is made on it in the will. If the insurance policy names your brother's wife as the beneficiary, then it goes directly to her and is not part of the estate; in fact, if the beneficiary is not the estate, it should go directly to the beneficiary in any event.
In an accident who is liable the 18 yr old driver or the parents who own the car and insurance policy?
parents if the insurance is under their names
My wife got into an accident in her car and insurance policy under both of us can the insurance company come after me for additional money if my insurance company does not cover all damage?
If the automobile policy contract is in both names (husband and wife) then the insurance company will look to both of you for compensation of any losses that are not covered under your own policy.
If you own a car can someone else insure it adding you to their quote?
First off...there is a HUGE difference between a Quote and an Insurance Policy. A Quote is nothing more that an ESTIMATE for an insurance premium based on the information that you give an agent/insurance company. In regards to an valid insurance policy:A vehicle HAS to be insured the way it is registered....ie., husband & wife own a vehicle & it is registered in both of their names then the insurance policy should be in both of their names. Some companies allow just one spouse as a named insured but will list the both spouses as 'insured' drivers. Likewise, if a parent buys/obtains an auto loan with a licensed youth(such as a son/daughter) then the vehicle, again, should be registered in both names and both names should appear as the 'insured' on the insurance policy. Remember the 'named insured' on the insurance policy is covered within the limits set forth in the insurance policy.
What is flexible premium life insurance?
Flexible Premium Adjustable Life Insurance is a policy usually called Universal Life but some companies may use different names. This type of policy is basically a term life insurance policy with an interest bearing side fund as part of the policy. The mechanics are that you can pay any premium above the minimum premium and within federal tax limits. You can change the premiums and the amount of insurance which makes it a very flexible policy. The trick is that as with term insurance the cost of insurance goes up as you age so you must pay more than the cost of insurance expecially in the beginning or the policy always has a danger of running out of money and the insurance cancelling. This type of policy looks good when interest rates are high but is very dangerous when rates drop.
What is flexible -premium adjustable life insurance?
Flexible Premium Adjustable Life Insurance is a policy usually called Universal Life but some companies may use different names. This type of policy is basically a term life insurance policy with an interest bearing side fund as part of the policy. The mechanics are that you can pay any premium above the minimum premium and within federal tax limits. You can change the premiums and the amount of insurance which makes it a very flexible policy. The trick is that as with term insurance the cost of insurance goes up as you age so you must pay more than the cost of insurance expecially in the beginning or the policy always has a danger of running out of money and the insurance cancelling. This type of policy looks good when interest rates are high but is very dangerous when rates drop.
