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Insurers collect money as Premium from Subscribers. But only a few are claiming the Insurance. T he collection amount is so large, but only little amount is paid back for claims. Hence Insurance companies run on big profit.
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∙ 16y ago
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What is a professional occupation for a life insurance policy?
A life insurance policy is not a person and does not work therefor it does not have a professional occupation.
It is not important to have a life insurance policy.?
It is not important to have a life insurance policy.
What is the executor on a life insurance policy?
The Policy Holder of a life insurance policy is the executor of the said policy.
How does a Universal Life Insurance Policy work?
Universal Life Insurance Policies work by giving death benefits when one dies. Unlike other life insurance policies, universal life insurance policies generate interest over time.
Life Insurance Policy?
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?=_
What is portable life insurance?
A life insurance policy is "portable" when upon leaving the group policy, you transfer your life coverage to an individual life policy with the same insurance carrier with no changes to the policy or increase in premium.
What policies are offered by General American Life Insurance?
There are many policies offered by General American Life Insurance. These include the Variable Life Insurance policy, the Condo Insurance policy and the Boat Insurance policy.
Is permanent life insurance the same as whole life insurance?
Technically, there is no insurance policy called as permanent life insurance. However, you can treat whole life insurance policy as permanent since the policy covered the whole life span of the policy holder and benefit is payable to nominee in the event of any eventuality of the policy holder.
What type of insurance replaces income if you a long illness or injury and cannot work?
You would need a whole life or an universal life policy with an income rider, and possibly a long term care insurance policy which would fall under a health insurance policy.
What is ordinary life insurance?
Actually, whole life insurance policy other than endowment,single premia or ulip policy can be called ordinary life insurance policy.
How do you locate a life insurance policy?
how do you lacate a life insurance policy that was with southern life and health insurance company 30 years ago
Can the executor get the amount of the life insurance policy?
NO.. unless the policy does not have nomination. Only nominee will get the proceeds of life insurance policy.
