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How is an individual's risk of dying calculated for a life insurance policy?
Wiki User
∙ 13y ago
It is calculated based on existing conditions, family history, possible genetic conditions, dangerous working conditions, et al. Basically, the more probable you are to get sick and/or hurt determines the risk of death.
Wiki User
∙ 13y ago
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What if a third party buys life insurance on person dying?
A third party can't buy a life insurance policy as they have no insurable interest; such as grandparent's taking out a policy on their grandchildren. As to taking out a policy when they're dying, the policy plan would prohibit issuing the policy.
Does dying while setting off illegal fireworks void a life insurance policy?
No, an accidental death would be covered by your life insurance policy.
Buying the beneficiary position on a life insurance policy of someone who is dying is called?
viaticle
Buying the beneficiary position on a life insurance policy of someone who is dying?
For the Dave Ramsey "Name That Investment" worksheet, the answer is VIATICALS. :)
What if someone says they have life insurance and the company tells you it was accidental insurance?
You would check out the written policy to see which it was. Accidental insurance is much cheaper than the other, because dying by accident is less common.
How do you determine the value of an old burial insurance policy from Southern Bankers Insurance Company?
You could submit a claim but that usually means dying first. Short of dying, you could surrender the policy for its surrender value. The surrender value depends on many things but it starts a zero when the policy is bought and grows to the face amount as the policy ages. The hardcopy of the policy should show a face amount but will likely also include a schedule for the surrender value. If the hardcopy of the policy can't be located, a call to the company is in order.
Can you take an insurance policy on your grandmother?
No. There is usually a maximum age until which only you can get a life insurance policy. It is usually between 50 to 60. Insurance companies usually dont give policies to people who are aged above 50 years due to the imminent possibility of the policy holder dying of natural causes (age/disease etc)
What is the beneficiary position on a life insurance policy of someone who is dying?
The beneficiary position is that they will receive the proceeds of the life insurance policy after the death of the insured. Until the death they have no other "position". After the death they must file a claim by contacting the company and following their instructions.
Who are the target markets of insurance companies?
The target market of insurance companies are people who have possessions and may wish to insure them. Anyone with a car, a home, a job, a field of crops, a hope of retirement or a fear of dying could benefit from purchasing insurance. Insurance companies may target affluent individuals or families to offer insurance products to them. Insurance protects individuals from bearing the loss of unfortunate events.
Will homeowners insurance cover cost of removing dying and perhaps dangerous trees?
Your homeowners insurance policy typically does not provide coverage for maintenance and pruning of your landscape or its associated foliage. This is a maintenance issue and needs to be paid for by the homeowner.
Who can tell me if my son had a Life Insurance Policy- He is now deceased and before dying told a friend he had a policy but no company name given?
You are going to have to find out what Life Insurance Company he had insurance with. There is not a database that has all policies listed. I would suggest that you look through his papers, any safety deposit box, and his financial records. Financial records would be the first place I would suggest. He had to pay the premiums for the policy. Most life insurance policies are paid by ACH withdrawal from a checking account. Look at his past bank statements and see if you can find a withdrawal for the same amount each month. This is assuming he had an individual policy. If he was working, he could have had a group life insurance policy. Contact his employer and see if he had a policy through them or an individual policy that was paid through payroll deduction. I hope these help and please accept my sincere condolences for your loss.
Who is the guy that was dying and had no insurance on Grey's Anatomy last week?
Scott Foley
