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If a contract provides a set amount of income for two or more persons with the income stopping upon the first death of the insured it is called a?
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Who receives the benefits or money from a life insurance pplicy upon the death of the insured?
Upon the death of the insured, the person or persons selected as the receiver of benefits in the contract receives the benefits or money from a life insurance policy.
How much persons can sign a contract?
two or more persons
A person who is insured is called?
The "insured" refers to a person or persons who are listed on the insurance policy for whom a premium is being collected.
Is car insurance still valid when the insured dies?
Is car insurance still valid on a persons car if the insured person has died
What is the average insurance annuities in the United States?
"In the U.S. an annuity contract is created when an insured party, usually an individual, pays a life insurance company a single premium that will later be distributed back to the insured party over time. Annuity contracts traditionally provide a guaranteed distribution of income over time, until the death of the person or persons named in the contract or until a final date, whichever comes first"
Will a homeowners' policy cover an accident off the insured property caused by a noninsured person?
liability coverage is only for persons that meet the definition of an "insured"
Who can tell me who has insured this house for the last 35 years?
Only those persons that have owned the house for those years can tell you who they insured it with during that time.
Can a car be titled and registered in one persons name and insured in another in nys?
Yes.
What does Additionally Insured on a Vehicle Insurance Policy mean?
The person who took out the policy is the main or policyholder. Any persons added to the policy are considered additionally insured.
What is a strip of land known as stopping access to another persons property?
spite strip
Can a car be registered to one person and insured by another in the state of Ohio?
You cannot do this in any state. An auto insurance policy is a legally binding contract between two parties. The named insured must be the owner of the vehicle and no one else. The only exception to this is in the case of two legally married persons in that vehicles owed by either one is allowed to be on an insurance policy of either one of them.
What is a business contract?
A contract is a legally enforceable agreement between two or more persons. A business contract might just be a contract entered into between businesses or for business purposes.
