There are too many variables to give you an "on average". How old is your Mom? How much insurance? What kind of insurance? How is her health? And most importantly, will she sign an application? I can help. 4LifeGuild
Your step mother can only change the beneficiary on the life insurance policy if she is the owner of the policy or if she is the trustee of the trust. If she's the trustee then she would need to have the authority to make changes on the insurance policy set forth in the trust document. Otherwise, she cannot make changes in the policy. You haven't provided enough information for a more detailed answer such as who owns the policy and where your step mother "left" those instructions or how she is involved at all.
Insurance costs will all vary depending on the age of the person, their health and whether or not they smoke. An average 25 year Term Life policy would cost around $200 per annum.
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The cash value is the amount of money your insurance policy is worth to the owner of the policy if the insurance is cancelled and the policy terminated. The insurance company will mail a check to the to the policy owner upon policy termination or cancellation by request of the owner. I would strongly encourage you to consult a professional in your area before cancelling an existing policy. There may be other options and alternatives to access the value of the policy without cancelling the insurance policy.
The benefits that you would have of having a combined life insurance policy is that it would most likely be cheaper if you did it this way, where it's better for you.
Yes you can. Your mother would have to sign as the applicant, and you as the owner. Also the insurance company may want to know the reason for the policy and its purpose.
Yes, Your joint policy will cover the accident. You should contact your agent to determine if any points or rate increase would apply.
Home care insurance has a big range in average cost. This is because it can be a part of a health insurance policy or it can be a sepearate policy on its own. You must also consider if medicare would be involved as this could mean a lower cost.
Your step mother can only change the beneficiary on the life insurance policy if she is the owner of the policy or if she is the trustee of the trust. If she's the trustee then she would need to have the authority to make changes on the insurance policy set forth in the trust document. Otherwise, she cannot make changes in the policy. You haven't provided enough information for a more detailed answer such as who owns the policy and where your step mother "left" those instructions or how she is involved at all.
My Mother, Martha H. Bartlett, died on January 7, 2013. She had an Equitable Life Insurance Company policy. The policy no. is 530711031. Would you please let me know anything about this policy. I am her daughter, Carolyn Bartlett Burnett.
You would need to contact your insurance company and ask them if your policy is still active.
Mother Nature would be the liable party, Unfortunately, she does not carry insurance. If your property is insured, Then your property Insurance Policy will cover the cost of damage repairs.
As long as she has her own policy on her own, it would not affect your insurance in the sense of premium or the need to have her insured on your policy. However, most auto insurance company want to have her listed as a driver in the household since she lives with you. The policy actually follow the vehicle and not the driver. If she was to drive this vehicle and get into an accident, your policy would be the primary and her policy would be secondary.
I would consult an attorney if I were you.
The legal right to the money requested in the claim goes to the person who is named in the policy. Regardless of who was paying the premiums.... (even if the sons made the claim to fix something) Mom has her name on it she will be named on the check and will be the rightful recipient to the claim.
Catastrophic Insurance is an insurance policy that is minimum coverage and only protects you in the situation of a catastrophe. There would be no need for you to buy an insurance policy like that.
Yes. In Colorado a trailer would be covered under the auto insurance policy. If you have a fifth wheel or camper I would recommended and insurance policy by itself on it.