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No, it's not mandatory. The IRS is allowing employers to deduct the costs of providing Group Life Insurance, up to $50,000 per individual, and construing this benefit as non-taxable to the employees. Group Life insurance is non-portable, you can't take it with you, and ceases when you leave your workplace.
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What kind of investment is a savings account with an insurance company?
Insurance companies provide only life insurance facilities to its customers. They do not provide savings accounts facilities to customers. Only banks can provide saving accounts to customers and not insurance companies.
How does one go about purchasing a Universal life insurance?
Universal life insurance is a form of life insurance, a policy used to provide a family with money after the death of the one getting the insurance. Universal life insurance can be purchased from many of the leading life insurance companies, including Nationwide and American Family.
What companies provide whole life insurance?
You have many options when shopping for whole life insurance. Places such a MetLife, Colonial Penn, New York Life, and Guardian all offer whole life insurance with different rates and terms.
How do you find out if your deceased relative had mortgage life insurance?
One way is to check with the lender. Most lenders have affiliations with mortgage life insurance companies to provide this service and in most cases the insurance premium is included in the mortgage payment.
Why do you have to let the insurance company know if you already have have a insurance policy with a different company?
The reason why life insurance companies ask about other life insurance coverage is to determine if you have a need for additional life insurance. The insurance companies do not want you to be overinsured.
What companies provide insurance for accidental death and dismemberment?
There are many companies that provide insurance for accidental death and dismemberment. This includes companies such as American General Life Insurance Company.
Do insurance companies who provide automobile and life insurance fall under the HIIPAA ruling?
no
Which companies provide whole life insurance?
There are quite a few companies that offer whole life insurance. New York Life, Met Life, and Gerber Life are a few reputable companies that does business in this area.
What kind of investment is a savings account with an insurance company?
Insurance companies provide only life insurance facilities to its customers. They do not provide savings accounts facilities to customers. Only banks can provide saving accounts to customers and not insurance companies.
What companies provide final expense insurance?
There are a lot of different companies offering final expense insurance. Some examples of larger companies include "Lincoln Heritage Life Insurance Company" or "Sentinel Security Life".
Is group life insurance mandatory?
no
Which company can provide life insurance with critical illness?
There are many companies which provide life insurance with critical illness coverage included. Some include Sun Life Financial, Nationwide, and Great West Life.
Is there a company who will offer you life insurance with a 'no medical exam' feature?
Yes, there are plenty of insurance companies that offer 'no medical life insurance'. Some companies specialize in them like Canada Protection Plan. Others also provide it alongside their traditional life insurance products. This includes Industrial Alliance, Humania, Assumption Life, and more. Before you buy a 'no medical life insurance' policy, you should know that they are more expensive than traditional life insurance. Nowadays, many traditional life insurance products don't make the medical exam mandatory. This is true if you're buying a smaller amount (
Where can someone get term or whole life insurance?
One can get term or whole life insurance through various insurance agencies. Some insurance companies that provide term or whole life insurance include MetLife, AAA, and State Farm.
What companies offer the cheapest term life insurance in the US?
The companies that offer the cheapest term life insurance in the US are Prudential Life Insurance and American Life Insurance. These companies can offer life insurance for pennies a day.
What are the types of insurance companies?
There are two types of insurance companies: life insurance companies and casualty and property insurance companies.
What are some Medicare supplement insurance companies?
Medicare supplement insurance pays for the cost of hospital and medical care that's not covered by Original Medicare. Insurance companies that provide this cover include Combined Insurance Company of America, Family Life Insurance Company, Globe Life and Accident, Liberty National and Transamerica.
