Life insurance insurability

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2009-11-23 03:33:40

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The beneficiary has to have an insurable interest in the insured. The insured has to pass certain qualifications in order to be insured.

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2009-11-23 03:33:40
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Q: Life insurance insurability
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Where can I purchase guaranteed insurability life insurance?

you can purchase guaranteed insurability life insurance . you can check on this or

What is Underwriting in life insurance?

It is the evaluation of risk as to your insurability. 4lifeguild

What is guaranteed insurability?

Guaranteed Insurability refers to a person who is insured on a life insurance policy. Guaranteed Insurability guarantees the insured person to purchase additional life insurance coverage without having to take a physical examination or showing any other evidence of insurability. Additional life insurance coverage may be purchased at a stated time in the future. Some life insurance policies offer the opportunity to purchase additional guaranteed life insurance coverage on certain anniversary dates of their life insurance policy, such as, every fifth year of the policy up to a maximum age of 40, 45, or 50. In addition, the insured person may be able to purchase additional guaranteed life insurance coverage upon the birth of a child in the insured's family.

What is the Guaranteed insurability option?

Guarenteed Insurability Option, often shortened to GIO, is usually added free to most term life insurance policies and means details of the cover can be altered without the need to reapply and prove your insurability.

If I am disabled can I have guaranteed insurability life insurance?

You may be able to find this type of coverage but it will be very exspensive. You should speak with an insurance specialist.

Where can I find good guaranteed insurability life insurance quotes for Mississippi? offers users quotes for term life insurance throughout the US, including Mississippi.

What kind of life insurance starts out as temporary coverage but can be later be modified to permanent coverage without evidence of insurability?


What has the author Harold Williamson Dingman written?

Harold Williamson Dingman has written: 'Insurability, prognosis and selection' -- subject(s): Accident Insurance, Health Insurance, Life Insurance, Mortality, Probabilities, Prognosis 'Risk appraisal' -- subject(s): Life Insurance, Medical examinations

Can a parent buy life insurance on a convicted felon?

Being a convicted felon could affect the "insurability" of a person. In other words, it could change the insurance company's evaluation of the "likelihood" that the person will die (other factors, of course, would also be considered, such as health, family history, etc.). Lifestyle can affect insurability.

Can you take out a life insurance policy on a stranger?

Generally, no. You must have a valid reason for insurability. However, they could take out a policy and name you beneficiary...but then you wouldn't be strangers.

Can you buy insurance if you are a criminal?

In my experience as a life insurance "field underwriter", one of the requirements for insurability has always been: an acceptable moral risk. An applicant who is considered to be a "criminal" would, by the very definition of criminal, fall outside of this requirement.

What is term life insurance with the option to convert?

This is term life insurance with the option to convert the policy to whole life insurance without providing evidence of insurability. This exchange involves the issuance of a whole life policy at a premium rate. Convertibility may require that you take a physical exam. Your new rates for the permanent life insurance policy will usually be higher than for your term life policy. Also, you are usually required to convert by a certain date.

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