answersLogoWhite

0

How does life insurance pay two parties?

Updated: 8/19/2019
User Avatar

Wiki User

12y ago

Best Answer

Each person gets a portion of the total amount. You can specify the percentages or have them split it equally. My aunt's life insurance was split between 23 of us!

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How does life insurance pay two parties?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

If there are two different life insurance policies which insurer pays?

A life insurance policy is a contract. You can have as many as you want. They all have to pay out on the death of the insured.


Can daughters buy life insurance on their father?

Yes. As long as there exists an Insurable Interest between two parties, they can buy life insurance. For instance, there is insurable interest between spouses, parents and their children, and relatives. A daughter may purchase life insurance on her father.


What are the parties involved in Insurance?

There are two parties involved in an insurance contract. They are;Insurer: The party to an insurance arrangement who undertakes to indemnify for losses.Insured: The person, group, or property for which an insurance policy is issued.


Does life insurance pay on a suicide before two years?

Life insurance does normally include an exclusion period for suicide, and 2 years is common. It depends on the state you live in.


Can your beneficiary collect life insurance benefits after your suicide in the state of Tennessee?

No, if the life insurance policy is less than two years old. Some insurance companies would not pay at all in case of suicide. It all depends on the conditions in the life insurance policy.


Can you have two life insurance policys?

Yes. You can have as many life insurance policies as you are willing to pay for, but it usually is less expensive to increase coverage on a current policy that to purchase a separate policy.


Who should have mortgage insurance?

Are you referring to mortgage insurance that is added to your monthly payment in case of default? Anyone with an ltv at 80% or greater. Or are you talking about mortgage life insurance? These are two very different things. You only need mortgage life insurance if you do not already have a life insurance policy that is adequate to pay off the mortgage.


What are the two types of insurance policy?

there are two types of insurance 1. Life insurance 2. General insurance


What are two types of insurance policies?

there are two types of insurance 1. Life insurance 2. General insurance


What is a dual policy in insurance?

A Dual life insurance policy covers two people, though independently. It is effectively like having two single policies where cover will pay benefits on the death of both insured.


What life insurances does Liberty Mutual offer?

Liberty Mutual insurance offers two major types of life insurance to policy holders. Those two types are term life insurance and permanent life insurance.


Will your insurance company pay out life insurance claims in the event of suicde in California?

In most states, policies include a suicide exclusions for the first two years of the policy. I will look at your policy and call the insurance company.