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An insurance policy and a will are two separate things. The policy is a contract between the insured and the insurance company. The beneficiary of the insurance policy is spelled out in the contract. The insurance company will pay the insurance proceeds to whoever is listed to receive the proceeds. The proceeds from an insuranc policy can be paid into the estate of the deceased and disbursed according to the terms of the will. The issue is who is listed as being the beneficiary of the insurance policy.
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Does a life insurance policy supersede a will in new york?
this question makes no sense.
Can i get auto insurance with out of state license with nc auto insurance?
I'm not sure I completely understand your question but I hope this helps. Firstly, you have to purchase insurance in the state where you reside. If you move from Georgia to North Carolina for instance your Georgia insurance policy will meet the minimum requirements for NC but when the policy comes up for renewal it will be non-renewed and you will have to purchase insurance in NC. Most likely the premium will be increased on the GA policy due to you living in a state where they do not normally do business. Using our example, most insurance companies will sell you a policy in NC if you recently moved there with your GA license for a period of time but expect you to change it over within a reasonable time.
Does a Will supersede A Life insurance beneficiary clause?
No, They are two separate legal documents with entirely different purposes. An insurance policy is a contract between the insured and the Insurance company. The insurance company is bound by the contract to pay the beneficiary designated by the insured policy owner. Life insurance proceeds are for the designated beneficiary. Heirs in a will are designated inheritance of estate by the will. A will is not a contract, it is a document of assignment.
What is the cost of bonding insurance in Raleigh NC for a cleaning business?
The cost of bonding insurance depends on the amount of insurance you would like to purchase for your business. You can usually get a policy for a couple hundred dollars.
In North Carolina can you get drivers license without owning vehicle?
Yes. but you must purchase a "non owner insurance police" from an insurance company, which is imaginary insurance which doesn't do anything at all for you, if your driving someone else's car, their insurance will supersede it, and if you rent a car they will still make you purchase their insurance, so basically it's a big scam, thank the backwoods hick government in NC.
How do I contact Imperial Life Insurance Co. of Asheville NC?
How can I get information on Progressive Life Insurance Company In Red Bank, New Jersey. I have a policy and I would like to get in touch with them about the policy. I would like to get a phone number and an address where it is. Thank you.
Does a navy policy supersede a DOD regulation?
No, a navy policy does not supersede a DOD (Department of Defense) regulation. DOD regulations are the official guidelines and directives that apply to all branches of the military, including the Navy. Navy policies may be more specific or may provide additional guidance within the framework of the DOD regulations, but they cannot override or supersede them.
Who bought southern life insurance company of greensboro nc and how to i get information on a policy?
Southern Life Insurance became London Pacific Life and Annuity in 1989. It later became Philadelphia American Life. For information on a policy you can visit the company's website at www.philadelphiaamerican.com.
Is NC a valued policy state?
Yes, North Carolina is considered a valued policy state. In a valued policy state, the insurance company is not required to pay the full coverage amount if there is a partial loss, but rather the policyholder is only covered up to the amount stated in the policy. This type of policy is common in states like North Carolina to help prevent insurance fraud.
What is composite insurance policy?
It is a composite insurance policy(:
Do you need to carry auto insurance on your 18 year old if he has his own policy on his own vehicle in the state of NC?
Generally an 18 year old is an adult and it his their responsibility to carry insurance on his own vehicle.
Your stepmother did not change beneficiary on life insurance to your dad but your dad is deceased who gets the life insurance?
The person named as the beneficiary on the policy, or on file within the records of the insurance company. James V. Medici, CLU,CLTC Charlotte, NC
