Assuming that Home Security had its home office in Durham, NC, the company merged into Monumental Life Insurance Company. Your first step may best be to contact Monumental to determine that the policy remains in force.
If the policy was a whole life policy (meaning that it accumulated cash value), you may be able to borrow some or all of the cash value if you are the owner of the policy. This assumes that the policy remains in force. That may be a big assumption. If cash value had accumulated but no premiums were paid for a long time, the policy may have "survived" by having premiums paid from the cash value.
You should contact Monumental directly, or a Monumental agent, for specific information.
You can get loan by mortgaging your life insurance policy as security or lien from bank or financial institution. The policy has to be assigned in their favor. Once you repay the loan with interest, the policy will reassigned in your favor.
I have a term life insurance policy that was fully paid in 1980. This policy is through Security Life Insurance Company of Georgia. How do I cash this policy in? I am unable to find the company !
Have a Peoples Security Life Ins policy. Need a # to call
what is the phone# for home security life ins co. of durham, nc
You can you need to pay the premiums yourself. However you cannot have income from a life insurance policy that has been paid to you as that is declarable.
form_title=Life Insurance Policy form_header=Protect your loved ones with a lifetime of financial security. Find a life insurance policy customized to fit your needs. What type of life insurance policy do you want to buy?= () Term Life Insurance () Permanent Life Insurance () Both () Not Sure How large of a life insurance policy do you want to buy?=_ Who will it cover?=_ Who would you list as beneficiary?=_
Apparently they merged into People's Security, and then People's Security merged into Monumental Life. So I hope if the policy was still inforce, that Monumental Life below can help you (go to their website). they merged with another company in 1995:
A permanent Life policy is Whole Life or Universal Life. It builds a cash value. When deciding which is best for you consider this, Term insurance is like renting a home, Permanent is like buying the home. 4lifeguild
Home Security Life Insurance Company of Durham, N.C. ultimately merged into Monumental Life Insurance Company (toll free: 800-638-3080).
The only way to find a person or deceased Life Insurance policy with a Social Security number is to know the name of the company that issued the policy. With that information, the beneficiary can contact the Life Insurance company and search his policy with his Social Security number. Please keep in mind that if you do not have a signed sealed death certificate the policy benefits will not be issued. Also, the death benefit will only be issued to the person named as the beneficiary. So if someone else besides the named beneficiary on the policy tries to receive the benefits, it would be impossible.
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If you ordered the services then you will probably be responsible for the costs. Obviously the father had cashed in the policy and it's not the responsibility of the funeral home to make sure the policy is there. Funerals are mostly paid by people out of their policy and not by specific life policies.
The insurance policy should have the company's name on the front cover. Get the number and call the national home office number, or the local office if you can find it. An agent will prepare a revised copy.
Home Security Life Insurance Company located in Durham, N.C. ultimately merged into Monumental Life Insurance Company (toll free: 800-638-3080).
Filing a financing statement on the policy is not required. Revised Article 9 does not apply to security interests in life insurance policies. See Revised Art. 9, Section 9-109(d)(8). The security interest in the policy is perfected by filing the assignment with the insurance company. OCU Law Professor Alvin Harrell, in his book "The Law of Personal Property Secured Transactions," suggests that "it may also be desirable to obtain possession of the policy itself."
Yea, a Non Resident person can have life policy in his/her home country vis a vis in present living- in country.
go to company wab site and enter the code and find that
The bank will look at the type of policy (whole life, universal Life or term) the face amount and any available cash value. The beneficiary must be revocable so that it can be assigned to the bank.
No it is not. The beneficiary information is listed on the policy and with the home office of the insurance company, but there is no reporting of it elsewhere.
The Policy Holder of a life insurance policy is the executor of the said policy.
Find out in what state the life insurance policy was taken out in. Call the Insurance regulator of that state and ask them how to get the number for Durham Life Insurance. Call them and give them the policy number or the Social Security number of the Insured. They should be able to assist you.
I want to see if I can cash in my policy
Yes, if you are the beneficiary, you can use the life insurance benefit for any purpose.
It would be possible to write an insurance policy that way if you wanted to, however, normally a life insurance policy pays a fixed amount of money (known as the death benefit) to a chosen beneficiary. If the beneficiary then wished to use that money to pay for a home, that could be done.
It is not important to have a life insurance policy.