Visit the site of your insurer and ask for status of your policy, citing the policy number, wherein you will get the present amount accrued including bonus if any.
== == == == The life insurance policy will state the face value ( death benefit ) of the policy. However, it may not state the amount that each beneficiary will receive as the number of beneficiaries may have changed since it was issued. Until a claim is paid, the beneficiaries will not know how much they'll receive.
You should inquire about the limits of the policy. Also the amount of the premiums.
Yes, you can out live your Insurance Policy. When the amount of the premium paid equals the face amount of the policy (the death benefit), the policy matures and you get all your money back.
You can only collect the amount of your actual loss but no more than the limits on the policy. If a person does not have enough limits on his policy and he hit you then you can sue him for more but you will not be able to collect the policy limits amount then still sue for the remainder of the loss.
the limit of a loan against the policy is the amount of net cash value you have on the life insurance policy. Up to 75% of the paid up value of the life insurance policy, irrespective of the sum insured amount.
Can you re-phrase this question? After the policy has been paid (to the beneficiary), there is no amount left.
No. It pays the face amount of the policy at the end of the period to you.
You can opt for another policy as increase in amount of a life insurance policy is not allowed, though there is option for reduction in sum insured in few policies.
yea
Add up the amount of money paid into the policy since policy application or inception. Subtract from that amount the "surrender value". If the total is a positive number, that is the amount of your profit. If the total is a negative number, that is the amount of your loss. If you have a profit, the profit is taxable. If you don't surrender the policy and the policy pays a death benefit, the death benefit is typically not taxable.
NO.. unless the policy does not have nomination. Only nominee will get the proceeds of life insurance policy.
Whatever the minimum payment amount is according to the policy. If you're not certain of what it is, contact the issuing agency.