By referring to the family members on survival
It is legal to take a life insurance policy out on someone else. Wal-mart does it to their older employees, and cashes in when the employees die.
how do i find out if tom rowntree had life insurance
Nobody, unless you die.
Once they die you have to cash it if you want to get the benefit of it. The policy does gain any more value after they die so its in your best interests to make the claim and get the payout.
An endowment policy is purchased by those that are looking for an investment product from a life insurance company. This type of policy will also pay out for your loved ones if you die.
it depends how they died
The children or heirs of the deceased will receive the benefits in a situation including a second to die insurance policy. It is also goes by the terms "Dual Life Insurance" and "Survivor-ship Insurance".
yes. to have insurance on someone you have to have an insurable interest in them. basically you would have to be at a loss in some shape or fashion if they where to die. this is a very loose and subjective concept that companies very rarely challenge unless its a multi million dollar policy.
You no longer have insurance cover - if you happen to die then there is no payment made.
It is really hard. If the policy is taken out on your life but is paid by somebody else you are not the owner of the policy. If you die, the owner of the policy, not you or your estate has the right to the money. There is no one central repository of information on who has life insurance policies so unless you have another way of knowing (like bank account information showing payments to an insurer), then you likely can't find this out.
you can get life insurance , but if you die of a drug overdose, then they will discontinue your contract.and you will get nothing .
You can find information on last to die life insurance from various sources such as insurance companies, financial advisors, or insurance comparison websites. Visiting the websites of reputable insurance providers or talking to a knowledgeable insurance agent can provide you with detailed information on the features, benefits, and costs of last to die life insurance policies. Additionally, financial advisors can offer guidance and help you understand if this type of insurance is suitable for your specific needs.