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Call the insurance company and speak with somebody in the claims department. If your parents had an insurance agent, the agent may also be able to assist in the process.
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∙ 14y ago
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Is whole life insurance provided by Allstate?
i trying to find out if my father who is deceased have a policy
What is description of whole life insurance?
In Whole life policy, insurance claims are entertained in case of any eventuality of the policy holder during the tenure of the policy period only, like term assurance policy.
Does a whole life policy pay the amoune purchased if the person dies suddenly?
Obviously the claim will be entertained in case of sudden death of the policy holder in whole life policy.
Can you convert a term life policy into a whole life policy?
Unlikely as the term polcy is for specific termand whole life pays out on death. The actuaries who set the premiums at the outset of the policy use mortality rates when the policy is taken out. To convert to a whole life policy would mean ia complete reevaluation which is not cost effective for the insurer. You could make term policy paid up and take out whole life policy but its best to take independent advice.
Is permanent life insurance the same as whole life insurance?
Technically, there is no insurance policy called as permanent life insurance. However, you can treat whole life insurance policy as permanent since the policy covered the whole life span of the policy holder and benefit is payable to nominee in the event of any eventuality of the policy holder.
What are the basic forms of whole life insurance?
Straight whole life is a whole life policy that provides a constant level of protection and level premiums throughout the life of the policy which is until death of the policyholder or age 100 as long as the premiums are paid. Limited pay whole life is a whole life policy in which premiums are paid for a set number of years at which the policy is considered paid in full. i.e. a 20-pay policy in which premiums are paid for 20 years and coverage is good for life. The shorter the period for premiums the higher they will tend to be. Single premium whole life is a whole life policy in which one substantial single premium is paid at the beginning and from that point on the policy is considered paid in full. This premium gives it an immediate cash value. Straight whole life Limited pay whole life Single premium whole life
What are the disadvantages of a Modified whole life insurance policy?
A major disadvantage of a modified whole life insurance policy is that you can never change the face value on your policy. Additional coverage would require the purchase of an another policy. Also the growth potential on your policy is limited.
Do you have to be deceased to become a saint?
yes you do you have to be passed away and a whole process to become a saint
What is convertible term insurance?
A term policy that can be converted to a whole life (or other) policy.
What are the disadvantages of whole life policy?
The only disadvantage is the higher cost compared to a term policy.
How do you check LIC policy 'maturity date' I already have my registered login detail. But 'maturity date' is not available.?
If it's a whole life policy, there is no specific maturity date. Please check if your policy is a whole life one.
What is the best life insurance policy in India?
Government Owned Life Insurance Corporation of India's New Jeevan Anand Policy is at present the best insurance policy in India, which is a mixture of endowment and whole life policy, which is indeed novel and unique in the whole world.
