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the policy is a 500 hundred dollar policy was taken out on me in 1970 im 50 years old now what do i need to do to cash my policy
== == Yes. You only have to show "Insurable Interest" when the policy is taken out. What if there are children involved or spousal support to be paid?
When a policy is taken out, it is taken out with an agreed sum assured. If you allow your policy to lapse due to the stopping of premium payments then the sum assured is reduced to give you a lower value (this is seen as a contract breach and is effectively the penalty you have to pay)The reduced sum assured is referred to as "the paid up value"
Unlikely as the term polcy is for specific termand whole life pays out on death. The actuaries who set the premiums at the outset of the policy use mortality rates when the policy is taken out. To convert to a whole life policy would mean ia complete reevaluation which is not cost effective for the insurer. You could make term policy paid up and take out whole life policy but its best to take independent advice.
Usually - as much as it was agreed upon at the time when the insurance was bought. When we buy an insurance policy, a maturity value is usually mentioned in the policy document. So, in all probabilities your insurance policy is worth as much as mentioned in the document. Also, since it has been 17 years since the policy was taken, it is possible that the policy has expired or lapsed. In that case, the policy is worthless today.
Usually an "anti-bullying policy" means that a school or workplace will not tolerate any form of bullying or harassment. If you are caught participating in these types of actions, usually disciplinary actions are taken (i.e. suspension)
This answer will depend on the type of policy that was taken out and if the policy is still "in force". If the policy is a term policy (unlikely), whatever is the death benefit face amount of the policy. If the policy is whole life or universal life policy, the policy may have a cash surrender value and a death benefit value. Meaning that you may be able to simply cash out the policy and get a check prior to death. Or, upon death, the value would be the death benefit face amount plus any unpaid dividends and interest minus any loans that may have been taken out. I am happy to answer more questions or help you with this. Brian Lombardo, CPA, Agent
That depends on the life insurance policy. The policy must be one that builds cash value before a loan can be taken. Simply, if the policy is a 'term life policy' it lasts for a defined period - 10 years, 20 years, etc. - and charges a low premium. It doesn't build cash value you can borrow against. 'Whole life policies', on the other hand, have a part of the premium paid set aside for cash value. For this reason, the amount of premium charged for a whole life policy will be higher than the premium charged for a term life policy with the same face value. NOTE: A loan is taken against the cash value of a policy, not the face value ( death benefit ). So if the face value is $10,000 and the cash value is $3,000, the loan would be taken against the $3,000.
No action may be taken against the technician in accordance with HIPAA's policy of non-retaliation against whistleblowers.
No action may be taken against the technician in accordance with HIPAA's policy of non-retaliation against whistleblower
No action may be taken against the technician in accordance with HIPAA's policy of non-retaliation against whistleblower
No action may be taken against the technician in accordance with HIPAA's policy of non-retaliation against whistleblower
No action may be taken against the technician in accordance with HIPAA's policy of non-retaliation against whistleblowers
'Assurance Deces' is a French term which translates into English as 'Death Insurance'. Death insurance is a common form of insurance taken out to protect against life events such as accidental death. This policy covers areas such as accidental death. Should the claim against the policy be accepted, the policy would be paid to the benefactor. Depending on the issuer or the policy, depends on the level of premium.
no its not against the law it is however against company policy therefor you cannot be taken to court however you will be bared for life
No action may be taken against the technician in accordance with HIPAA's policy of non-retaliation against whistleblower.
No action may be taken against the technician in accordance with HIPAA's policy of non-retaliation against whistleblowers.