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But ... here's the issue: Insurance companies may be reluctant to issue a policy. There are, however, companies that WILL do so! The question is, Can you afford the premiums? What would cost you $30 to $80 may end up costing you $900 to $2000 or more. So, it depends on the situation. Try calling some compaines and do your research. I hope I was able to help out. James Yes, There are "Graded" policies that pay a limited amount the first 3 years.
Wiki User
∙ 8y ago
Wiki User
∙ 8y agoBEWARE: I did not write the preceding answer. I do not know who, or how, profiles are being hijacked, but everyone should be careful.
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When can you take money from your life insurance for a hardship?
If you are terminally ill, many policies will allow withdrawals.
Shopping For No Exam Life Insurance?
Life insurance companies offer no exam life insurance policies and comparison quotes over the Internet all the time. Life insurance brokerage companies work with life insurance providers to make no exam life insurance policies highly available and because these brokerage companies work for multiple life insurance providers, they can often make comparing policies very simple to do. What is no exam life insurance? The term no exam refers to no medical examination. Life insurance providers are betters, and the like to bet on winners based on a set of statistical scores that indicate whether a person is more or less likely to die based on their medical history. For that reason, many life insurance policies require a medical exam, but for people with a problematic medical history or those who have pre-existing medical conditions, it's not possible for them to qualify for a life insurance policy that requires a medical exam. Therefore, many life insurance providers have designed no exam life insurance policies to cover people who either don't want to or can't take a medical exam and be qualified for a life insurance policy. To shop for no exam life insurance, a person can either work with an agent or do their own research using the Internet. A simple search engine search for 'no exam life insurance' will yield a vast number of results, but you may find it's best to work with the recognized life insurance broker companies as they have access to a wider number of life insurance policies and can make comparing no exam life insurance policies much easier to do. After you find a list of no exam life insurance policies you may qualify for, you'll want to determine how much life insurance coverage you need and what type of coverage you need: term or whole. A term policy covers the insured for a period of time – the term of the policy. A whole policy covers the insured over their entire life as long as premiums are paid. Term policies by default require less in premiums than whole policies.
Can you take out a loan from all life insurance policies?
No. Only whole life insurance policies (sometimes called "permanent insurance") accumulate cash value. Policy loans are generally available from the accrued cash value. Since term insurance does not gather cash value, policy loans are unavailable.
Who do you alert for your suspensions of an aunt that has allegedly taken life insurance policies on family members unknowingly and how can you get an investigation?
it depends on why she took out life insurance. She could be a murderer wanting to take the money.
Can you take money from term life insurance policy for a first home purchase?
Generally, no. Only whole life policies accumulate equity.
What does Direct Sales Executives in LIC mean?
A Direct Sales Executive in LIC is someone who represents the Life Insurance Company of India directly to consumers in order to sell policies and take claims on insurance policies.
Can you borrow money against your life policy?
Yes, if your life insurance policy has accumulated cash value. Not all life insurance policies will accumulate cash value: for example, term life insurance policies will not accumulate any cash value. Whole Life and Universal life policies can accumulate cash value and the policy owner can take loans in the limit of the cash value (some companies limit loans to 70 - 80% of the cash value).
Can you borrow money against your policy?
Yes, if your life insurance policy has accumulated cash value. Not all life insurance policies will accumulate cash value: for example, term life insurance policies will not accumulate any cash value. Whole Life and Universal life policies can accumulate cash value and the policy owner can take loans in the limit of the cash value (some companies limit loans to 70 - 80% of the cash value).
How long does it take a bankrupt insurance co to do a runoff?
Depends on the type and length of the policies (yearly car policy vs. mortgage insurance vs. whole life).
What license must a agent obtain to sell variable life insurance policies?
The agent needs a life insurance license. He also needs to be registered with FINRA. The insurance license is issued by the state insurance regulator. He will need to take a life insurance class that is typically a one-week class and take an exam. To be registered with FINRA, he will need to either self-study or take a class and take state securities exams and general securities exams.
Do non-profit Ceo's need key man life insurance?
Need is a strong word - there's no law requiring people to have life policies. However, if you are a CEO of a non-profit and there would be undue stress on the organization if you were to die, then yes, the organization should probably take out some insurance on you.
Did any other insurance company take over inforce policies from University Life Insurance Company of America when they were liquidated in 1987?
If a company was liquidated and there were in force policies at the time, they can still be paid by your state's Life Insurance Guaranty Association, which is a group that pays claims for insolvent companies and then assesses the costs to all other life insurers in that state. You can contact your state's insurance Department to find out how to reach the Guaranty Association.
