0
How do we increase the amount on our policy for life insurance with your company?
Wiki User
∙ 11y ago
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.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
How do I find out the amount of a life insurance policy issued by Life Insurance Company of Georgia that is now with Jackson National Life Insurance Company?
The policy you were issued should state the amount of coverage it provides. If you don't have the policy, contact the Jackson National Life Ins Company and ask that they give you a status of the policy and a duplicate copy of it. and/or Go to a reliable service like http://www.freeiquotes.com and take a free life insurance quote and get answers from them for free. Fast, Free, Reliable, and Time Saving.
How can you find a life insurance policy if you have insurance company name and policy number?
You can call the insurance company and provide your policy number, and they can provide any details on your policy, or send a duplicate policy if the original was lost.
If a Life Insurance company goes out of business what happens to the loan you have with them?
Life insurance companies never go out of business. They are merged, purchased, or absorbed by another insurance company who then owned their assets and liaiblities. Any loan you have on a life insurance policy is going to be less than the cash value of the insurance policy so the value is going to exceed the amount you owe. You will want to find the new insurance company who now is responsible for your policy.
Can you get a print out of your life insurance policy?
Yes, your agent or the insurance company can provide with a copy of your insurance policy.
Can you buy life insurance for more than amount determined by insurance company calculators?
Broad answer,Yes. Yes, you can choose to purchase more life insurance than indicated by the life insurance calculator. The insurance company will let you know whether they accept your request or not when you apply for the policy, if they feel you would be over-insured. There is nothing stopping you from buying a policy for a greater amount than the one specified by the company calculator. However, your final eligibility for the same will only be known when and if the insurance company accepts this request.
Does your car insurance go up when someone backs into your car when your not in it?
Normally this would not cause an insurance policy to increase, but it is possible. Every insurance company is different and have different rates. You should check with your insurance company directly and ask. Not at fault accidents can effect the price of a policy when the policy is new business with a company.
Why wont the insurance company say how much the policy is for?
because in the renewal the rate will probably increase
What is a matured endowment though insurance company?
A matured endowment is a life insurance policy where the current cash value has become equal to the face amount of the policy. The policy is mature. So, the insurance company issues the insured a check for the face amount (death benefit) even though the insured is still alive.
Does an life insurance company has the right to keep raiseing it rates on the eldely?
It depends on the type of insurance. If you have a whole life or guaranteed universal life policy, the rates are set when you take out the policy and the company cannot increase the rate, ever. If you have a renewable term insurance policy, the rate will increase each time you renew the term. The agent that sold you the policy should have fully explained rate increases and how they worked and if your policy was subject to them.
If you are involved in a collision and your policy is only 10.000 but the other vehicle is totaled is the insurance company responsible for the amount over the policy?
Nope.
Miguel has 500 deductible on his comprehensive insurance policy If his car repairs total 1780.75 what amount will the insurance company pay?
$1280.75
How do I increase my insurance policy?
Contact your insurance agent.
How do you figure the amount of premiums paid into life insurance policy?
The premium is calculated on the basis of many factors. The insurance company will calculate the premium and inform you before you buy the policy.
Can I collect maturity amount from insurance company?
Yes you can collect your maturity amount from insurance company. Infact insurance company send you an information in advance to policy holder regarding the maturity of the policy. The policy holder required to fill the form along with documents attached as per requirements. If the paper work is done properly and verified then the payment is either sent by post or directly credited in your bank account.
Is insurance premium part of deductible?
The insurance premium is the amount you pay the insurance company every month. The insurance deductible is the set amount which you pay out of pocket for repairs after you make a claim. For example... you may pay $100 to the insurance company every month for the insurance policy and have a $500 deductible. If you file a claim you are expected to pay for $500 of the repairs yourself, while the insurance policy covers anything above that amount up to your max limits.
In NJ how much will my auto insurance increase after an at fault accident?
You need to contact your agent of policy services dept. for your insurance company and they will be able to tell you this is company specific in most cases.
What happens if someone dies and has no beneficiary on his life insurance policy?
In that case, the money will be kept deposited with the insurance company as unclaimed amount. In absence of the beneficiary, the insurance company can pay the money to the legal heir of the policy holder, but that has to be sufficiently proved in the Court of Law.
