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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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โˆ™ 2014-08-22 23:24:26
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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

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.

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.

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 do you file a death claim for a Durham Life Policy Contact Info?

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:

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.

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.

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.

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.

The policy summary in a life insurance policy must include the insurance company's?


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