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It depends on how hard he works or how lucky he gets. Anywhere from $25K to over $100K
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∙ 15y ago
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How do you get insurance money?
Insurance money is paid when you make a valid claim against the policy and can prove why the situation falls under the terms of the policy---whether it is Life Insurance, Car Insurance, Accident Insurance, Travel Insurance, etc. Call the Insurance Company for exact details.
What factors play into the cost of getting individual life insurance?
"Factors that play into the cost of getting individual life insurance are your age, health, average amount of money you make, who you're getting life insurance for and how risky you live."
How can you find out online if you are owed unclaimed life insurance money?
There are many websites available that make it easy to look up if you are owed unclaimed life insurance money. Two well known sites are MissingMoney and Unclaimed.
Can you borrow funds against money owed to you that is secured by a life insurance policy on the life of the person who owes you the money?
Absolutely not, you can only make a legitimate loan through a bank
How can one make life insurance loans?
You can make life insurance loans through an insurance agent or bank. You probably first get a life insurance policy. You then fill out an application and the agent will process the application and give the loan. You can borrow up to $500,000 which will be subtracted from you death benefit. You then have to repay the loan off when you are done with it. Life insurance policies are forfeited when you sell you life insurance policy through settlement. Your beneficial will receive the portion of the money you paid back.
How does a life insurance company make money?
A well run life insurance company makes money in two ways: from underwriting profits, which is the excess of premiums paid in minus losses paid and by investment income, which is the money earned on premiums that have been invested before they are used to pay claims.
Why would a company offer life insurance with no exam?
So that they can make you pay higher premiums and raise more money.
Did reassure America life insurance merge with Jackson national life insurance and why?
Yes, Jackson bought Reassure America. Why? So Jackson could make more money from the Reassure America policy holders.
How much money does a new home salesperson make?
Anywhere from 50,000 to 500,000. Can be more at times. On average around 200,000
If a company has purchased group life insurance for its employees and is then acquired by another company is the group life insurance policy still valid?
Yes, until renewal time. Rarely is there a problem with keeping the same coverage, because that is a big money make for insurance companies. (group life)
How do life insurance companies make money?
Life insurance companies charge a premium to everyone who they provide insurance for based on the amount of coverage and the health of the buyer. The higher the amount of the worse the health, the higher the premium. These companies assume that only a few people out of the larger group will ever collect at one time, and therefore make money on all of the other people who do not ever collect.
How is life insurance calculated?
how long you live * the amount of money you make It is not possible to answer the question as phrased. It is not clear whether it pertains to the amount of insurance needed, its cost, or how the premium is derived.
