No. In fact, the benefit will usually grow at interest until the insurance company can locate a beneficiary. One thing that some people don't consider is the fact that often an insured dies and no one knows he had insurance. Since no claim is made, the insurance either assumes he is still alive (in the case if a paid-up policy) or any unpaid premium notices will alert the executor that there is a policy in force. If the policy had been paid up and no one makes a claim, the insurance company will start looking for a beneficiary at the time when the policy was to mature. (Usually at the time when the insured would have been 95-100 years of age) My company used to sell insurance all over the world, including in Russia before the 1917 revolution. We left there shortly after World War I when the ruble was made non-convertible and we couldn't continue to operate. Back in the late 1980's, someone brought me a copy of a policy on a relative who had died in the '50's. The policy had been "paid-up", meaning no more premiums were due. My company had been holding the money waiting for someone to file a claim. After providing evidence of death and convincing us that they were direct descendents of the insured, we paid them the original face amount (not a huge sum) plus interest on that amount calculated from the date of death (which was a pretty large sum). So there's no time limit. It might get harder and harder to prove you're the right person to receive the proceeds, however.
There is no time frame limit when a beneficiary needs to file for life insurance benefits. All you need to do is notify the life insurance company and provide copy of death certificate, and if the policy was in force at the time of death, a benefit will be paid to the beneficiary.
No. Most policies will pay out at age 100. For more info. see www.SteveShorr.com/life.htm
We have coordination of benefits with Sunlife Assurance. What happens if I exceed my yearly limit of physiotherapy - does my spouse's insurance will pay for the amount above the limit and what is his limit then and if it will effect his yearly allowance or not. Also if he exceeds his limit, what happens then?
It depends. AD&D policies are very restrictive in their payouts. If the deceased had alcohol above the legal limit of any type of narcotics in their system at the time of death, then the claim will likely be denied. If not, then the claim should pay. I work for the Center for Life insurance Disputes if you would like to discuss in more detail or get our representation.
Zander Insurance says the limit is 55. Kyle in Texas
There is no specific time limit for filing a claim for survivors benefits; however, it's important to start the process as soon as possible, because back benefits are only available from the date you file, not from the date of death. For more information about Social Security Survivor Benefits, see Related Links, below.
The is no time limit, because there is no state disability insurance in Texas. State disability, where mandated, is typically short term coverage. Federal, or Social Security Disability is for long term disabilities and is available in all 50 states. You may be eligible for this coverage. Check out the social security website for details.
I don't think there is a time limit to it. Of course, when you are the beneficiary for the death benefit and it has been set up for a specified amount for payments...you should be able to receive the death benefits regardless. The insurer has the obligation to pay out the remaining benefits until the cash value has been depleted.
You can receive any final benefits available and you can purchase a new policy since the lifetime limits have been exhausted on that policy.
-revolving credit -a credit limit -monthly statement -enable cash advances -minimum payment required -insurance offered
Some disability insurance policies will cover drug & alcohol as any other disability, but usually limit the benefits to maximum 24 month. If you had a disability insurance prior to being disabled from work due to alcoholism, and the policy did not specifically exclude drug & alcohol disabilities, you may be entitled to disability benefits.
This requires more explanation.
Your insurance agent should be handling this.
Currently there is no age limit to apply for Blue Cross Blue Shield Insurance. There are age limits for minors who are still on their parents insurance.
They cover up to a certain limit, usually the limit is $200.
The maximum limit that DWI insurance offers is 90 days after accidents. There must be reports filed prior to this deadline in order to ensure that the insurance company can process your claim.
1 mph over the speed limit. The insurance company will get the information regardless of the speed.
Insurance by our government that will guarantee your cash (deposits) up to a limit if the bank becomes insolvent. I believe the limit is now $250,000 per depositor.
On a health plan that is the limit the insurance company will pay over any period of time.
Possibly. Receiving SS benefits does not by itself preclude claiming your parent as a dependent. But you still have to meet all of the other qualifications for claiming a dependent. SS benefits do not count toward the gross income limit for a qualifying relative if they are not taxable on the dependent's tax return. But if the parent spends the SS benefits on their own support, they count as money the parent spends on their own support. (You have to provide more than half the parent's support.) To see the other requirements for claiming a dependent, see page 11 of Publication 501: http://www.irs.gov/pub/irs-pdf/p501.pdf
Not a legal limit - however - for insurance purposes, your insurance company may impose a maximum limit for the amount of cash they're willing to protect with your contents policy.