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What else can I help you with?
If you cancelled a life insurance policy do you have to claim the check they sent you for what the policy was worth?
You don't _have_ to, but why wouldn't you want to take the money you've earned?
Do you lose your death benefit on an endowment life insurance policy if you live until the endowment and cash it in?
If you cash in the policy then yes it will not pay the death benefit because you have cancelled the policy.
Can a life insurance policy be cancelled with out telling the owner of the policy?
Depends on the state but usually no. Most states require a 15-30 day notice before cancelling a policy.
Can you get money back on your life insurance policy if the company cancelled the policy after 15 years of paying?
Why did the company cancel? If you paid your premium, they can't. Was it a whole life, permanent, Universal Life or term policy. If term, there is no cash value.
When a life insurance policy is cancelled and the insured selects term nonforfeiture the cash value of the policy will be used to purchase term insurance what happens to the face amount?
face amount reduces and the policy is made for paid-up value
How do you collect on an old life insurance policy from the Baltimore Life Insurance company?
I found an old policy, how do I know if it is still valid or if it was cancelled. The policy date is June 1, 1961, Maturity date June 1, 2021. Thank you. Diane Rolandelli cannotsit@aol.com
Can you receive your money back on life policy that was cancelled for non pay?
You cannot receive money back on your life insurance policy because you used it for the period of time it was valid. You cannot receive money back on this policy.
It is not important to have a life insurance policy.?
It is not important to have a life insurance policy.
What is the executor on a life insurance policy?
The Policy Holder of a life insurance policy is the executor of the said policy.
Can an insurance company say a policy was cancelled to avoid making payout The company that my deceased grandmother had a life insurance policy with said she cancelled her policy how can I find out?
in order for a cancellation to be valid a written notice should be handed to the insurer by the policy holder, so ask them for a written proof of cancellation with your grandma's signature on it. if you have access to her bank statements check when the last premium was paid that's if premiums were deducted from her banking account. if they fail to provide solid proof that your grandma cancelled her policy, you can ask the insurance ombudsman to investigate. good luck
What can you do to reinstate a life insurance policy when it has been cancelled due to a payment received 10 days after grace period?
Ask the Insurance Company if there is anyway they will reinstate and see what happens. Check your ACTUAL policy and see if you have any protections or guarantees.
Is it fraud if a Life insurance agent receives a commission for a new policy then cancels it and does not return the commission?
A 'commission' paid to an insurance agent generally comes from the company that the insurance policy is placed with, NOT from the individual who bought the policy. If the agent knowingly, placed the policy with the intent of collecting the commission, and then immediately cancelled the policy then, yes, that would be fraud, unless his working agreement with the insurance company addresses it otherwise.
