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Most term life policies do not have the option of becoming paid up as do whole life polices

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Q: How do you check the policy status of term life insurance that has been paid up and company has merged with another company?
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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.


Who bought the Union Life Insurance Company of Little Rock?

According to the Arkansas Insurance Department website: In 1990 Union Life Insurance Company was merged into Jefferson National Life Insurance Company. Jefferson National was later merged into Great American Reserve and Great American Reserve was later merged into Conseco Life Insurance Company. Union Life's life business was transferred into Conseco Variable Insurance Company. Conseco Variable Insurance Company changed its name to Jefferson National Life Insurance Company and entered into an agreement with Protective Life Insurance Company of Birmingham, Alabama to service the Union Life business. You may call 1-800-866-3555 to talk to a customer service representative. To inquire about your policy use the letters KK and then your original policy number when referring to your policy number.


How can you check a life insurance policy with JCPenney Company?

i have a jcpenny life insurance policy #7L1514442. Would like any and all info on this policy


How does the policy get canceled?

Lack of payment or too many collisions the insurance company has to pay for. If you want to cancel your auto insurance policy to go with another company, call your insurance company and tell them you want to cancel your insurance but be ready for them to try to persuade you to stay.


What do you do if you have a policy with a company that has declared bankruptcy?

Contact the Insurance Commissioner, they probably had the company taken over by another company.


Can you transfer car insurance companies and cars?

You can apply for Car insurance with a new company, But you can't transfer your existing policy to another company


How can you find an old Insurance company?

An internet search can be the first step.. Often, there will be an indication that the company merged or the policies were purchased by another company. Thereafter, you can contact the insurer into which the old company merged, or which bought ("assumed") the policies. If you have the policy number and the name of the insured (the person whose life was insured), or either one, you may be well on your way to answers. Keep in mind though, that the policy may have lapsed for nonpayment of premium.Another way to find an old insurance company is through the National Association of Insurance Commissioners (NAIC). While this is mostly an organization of insurers and insurance regulators, it does have offer useful consumer outreach programs. It has a big website through which you can obtain information and obtain further direction.


How do you get information on a paid up life insurance policy from Life Casualty Insurance Co of Tennessee?

That company has been acquired and merged several times, and all of its policies were merged into AGLA (American General Life and Accident Insurance Company), which is now part of AIG. In order to make a claim, you can use this page: aig.com/individual/insurance/life/american-general-life-assurance-policy-claims, but for regular information I would surmise that you need to contact an AIG office or agent.


How do we increase the amount on our policy for life insurance with your company?

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.


What happened to national savings life insurance co?

National Savings Life Insurance Company of Murfreesboro, TN was acquired by Victory Life Insurance which in turn was acquired by United Fidelity Life Insurance Company, Kansas City, MO. Over the years, blocks of NSL policies have been sold to various carriers so if you have an old NSL policy, it might take some detective work to find which company is now servicing your policy.


Is insurance a liability?

No, Insurance is a means of contractually transferring risk including the risk of liability to another entity, namely the Insurance Company issuing the policy.


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.