0
Do insurance companies write separate checks if there are multiple beneficiaries?
Wiki User
∙ 16y ago
Yes, the insurance company will pay the benefit amount to each beneficiary as named on the policy at the percentage listed.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
How can you reduce cost insurance of the company?
Make it a L.L.C. or L.L.P. A sole proprietorship has low insurance. If you incorporate it and separate business from personal, it will increase insurance.
Is chase bank a subsidiary of citi bank?
No. They are separate companies.
If you are beneficiary of life insurance policy is the administrator of the estate supposed to get your money?
Life insurance with a beneficiary is completely separate from the "estate". If you receive life insurance, it's your. The estate includes bank accounts, homes, cars, etc. not the life insurance
Is a life insurance company an example of financial intermediaries?
Though Life Insurance Company plays the role of financial intermediary, technically an Insurer is governed by Insurance Regulator of the country and has got separate entity of its own.
Can you have two life insurance policys?
Yes. You can have as many life insurance policies as you are willing to pay for, but it usually is less expensive to increase coverage on a current policy that to purchase a separate policy.
Can a family have separate auto insurance companies?
Yes
Is the beneficiary also the executor of the life insurance?
No. They are separate. Beneficiaries are those who are entitled to an inheritance. The Executor carries out the will. * A person(s) named as a beneficiary on a life insurance policy receives the money directly from the insurer. Such policies are not subject to probate procedure.
If insurance policy states one beeficary what happens with multiple people on a will?
Benefits paid from an insurance policy are separate from property that is left in a will. With an insurance policy, it is paid to the named beneficiary. That is not controlled by the wording of a will.
Why do insurance companies have multiple names?
they do this for the different types of products they sell. usually they have an insurance side and an ivestment side. they do this for liability reasons as each name is a separate entity under a larger umbrella. if one crumbles tho other ones stay intact and creditors cant come after the solvent ones that are left.
How do you find out about the New Homeowner Mortgage Life and Disdability Insurance?
Marketing Life insurance and Disability insurance as Mortgage insurance is something that some companies will do simply to attract new home buyers.If you are looking to protect yourself and your loved ones in the case of an unexpected illness, accident or death than you should be looking at multiple options relating to Term Life insurance and Disability insurance. These are two separate products that do two different things and should therefore be purchase in two separate policies.There are a lot of insurance companies that offer these products. You should speak with representatives from those companies, or brokers who have access to the various companies in order to get more information. An insurance broker will be able to provide you with prices and products from various companies, and will make your search easier since you will not have to contact each company separately.The web has some excellent sites that can provide you with tons of information as well. Look around and try to find someone who truly has your best interest in mind. When looking at Disability insurance, be sure to work with a Disability specialist. It is a very detailed type of coverage, and should be fully discussed and understood prior to you buying.
Is construction insurance normally a part of the homeowners insurance policy or a separate policy?
Separate
If an insurance company is admitted does the state guarantee payment?
Virtually every state in the Union has what is called a guaranty association. There are usaually separate ones for life insurance companies and property/casualty companies. Guaranty funds provide for the payment of the claims, subject to some limitations, of insurance companies that have been licensed and admitted to do business in that state and are found to be insolvent. For more information you might go to the website of the National Association of Insurance Comissioners.
Does the definition of health insurance cover dental?
Coverage truly varies by the policy. Companies typically offer separate health and dental insurance, but there can be overlap. But usually health insurance does not cover regular dental visits like cleanings and fillings.
Who controls auto insurance companie?
Auto insurance companies are controlled by a board of directors if they are a corporation which most of them are. They would also have a president or chief financial officer and other officers needed for their operation. If this is not what you mean perhaps you are asking about regulation which would be separate in each state of the United States. Each State will have a regulatory agency that regulate auto insurance companies such as a State Department of Insurance.
Do you cover Home Owner's and Renter's Insurance?
These are two separate types of insurance policies created for two separate situations.
Be Sure Travel insurance Covers A Rental Car?
When renting a car, be sure it is covered in a travel insurance policy. Not all policies cover rental cars. There is usually a separate option to add this coverage. Another important thing to remember is that most travel insurance companies have poor provisions for car rentals. Travel Guard is one of the leading companies for this type of insurance. Their rental car coverage is better than what rental companies, personal insurance providers and other travel insurance competitors offer. Always check twice to ensure this coverage is included before signing the rental contract.
If you are the policy holder with two cars with separate companies and you have an accident in one car do you have to notify the other insurance company?
do what ever man who cares about what we think.tell santa then cry him a river..
