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What else can I help you with?
What kinda of insurance protection is set for a period of time?
The Term life insurance is the kind of insurance protection that is set for a period of time.
Which of these is an element of limited payment life insurance?
this life insurance policy has premium payment for a set number or years....
What is the difference between whole life insurance versus term life insurance?
Term life insurance is an insurance that is set for a specific time period, for example, one can obtain term life insurance for 30 years. Whole life insurance covers one from application to death.
Can a policyowner change the universal life cost of insurance rates?
no its set by the insurance companys
What is solvency margin set by insurance development authority of India?
150% for Life Insurance companies.
Can a mother make a life insurance claim on behalf of a minor child if they are the named beneficiary?
Probably. Check with the claims department of the insurance company. It would be better if a trust had been set up to receive the benefits on behalf of the minor. The Mother may have to go to court to get authorization to sign for the child. For more info see www.SteveShorr.com/life.htm and www.SteveShorr.com/estate.planning.htm
What is a insurance 770 plan?
A 770 insurance plan is a whole life insurance plan. The life insurance plan is set up as an annuity. When seven years of premiums are paid the plan will pay for itself.
What is the total amount of life insurance one person can carry on them self?
There is no set amount of life insurance that one person can own. However, individual companies can set limits as to how much they are willing to insure someone for.
Can you be a beneficiary on a life insurance policy that you don't know about if you were a minor at the time the policy was purchased but are now of legal age to sign documents?
Yes, there is no requirement that the beneficiary be of age. A trust would be set up to manage it until they were an adult.
What products do AAA life insurance offer?
"AAA Life Insurance publicly advertises a number of products. They offer term life insurance, which provides coverage for a set period, whole life insurance, either with higher coverage or guaranteed approval, or universal life insurance, a flexible plan organized around custom death benefits and an accumulation of its cash value.
How many different types of life insurance are there?
There are two main categories of life insurance: whole life and term insurance. Whole life insurance is an insurance policy combined with an investment account and has several variations such as universal life and variable life. Term life insurance has no investment account, but provides a set sum of money should one die within the specified term of coverage. Variations of term life insurance include annuable-renewable and level-term policies.
What happens if you find additional insurance policies where beneficary listed is absolutely excluded in trust?
In order to find a trust with life insurance proceeds the trust must be named as the beneficiary of the insurance policy. Then the trust documents specify what the funds are used for that are in the trust. If there are other life insurance policies that are still active and have other individuals named as the beneficiaries then the money from those policies cannot be placed into the trust and will be paid directly to the current beneficiary listed with the insurance company. The trust will have no claim whatsoever on these policies. It could be that these policies had their beneficiary changed when the trust was set up and the trust is the current beneficiary of them as well and he just didn't put the change form in the policy. Whatever is on record with the insurance company will be the person that the benefits are paid to no matter what.
