A death certificate with the cause of death is usually required on life insurance policies. It depends on the insurance company, the type of policy and what its terms are. An insurance company will most likely require a death certificate with the cause of death, because the cause of death is important in all life insurance claims. If the policy is one for accidental death benefits only, the company is entitled to know and the beneficiary has to prove that death was accidental. An insurer is entitled to know whether death occurred as a result of suicide, which might not be covered by a standard life insurance policy. Also, an insurance company is entitled to know if the death was a homicide that the beneficiary had something to do with, because that would render the beneficiary ineligible to collect benefits.
Yes, even if incarcerated, you will still receive proceeds from a life insurance policy if you are the valid recipient. They will not be able to receive the proceeds if they were the cause of the insured's death.
Clearly, if the insurance policy is in force after three years, and the insured dies from a cause that is not excluded, the beneficiaries may collect, even after only 3 years. However, if what you are asking is whether the owner of the policy can collect some or all of the cash value from a whole life policy after three years, the analysis is different. Even assuming that the policy has stayed continuously in force during that period, you must understand that during the early years of a whole life policy, cash value accumulates slowly. Therefore, as a practical matter, there will probably not be much to collect/borrow.
Yes. Non Payment of premium can cause a cancellation or non renewal of an insurance policy.
You should at least make sure that they are carrying $500,000 - $1,000,000 in liability limits on a general liability policy. This will protect you from any losses that they may cause such as a fire etc. You need to ask them for a certificate of insurance. Make sure you get it from their insurance agent and not the contractor.
If the husband was the named beneficiary of the policy, if the policy was in force at the time of death, and if the cause of death was not excluded by the policy, the general answer is "Yes". If the beneficiary was the estate of the wife, the proceeds are paid to the estate. Then, if the husband was a beneficiary of the estate (either by virtue of a Will naming him as beneficiary, or if no Will, through the laws of intestate succession), he may be entitled to all or a part of the insurance proceeds. If the beneficiary of the life insurance policy was someone other than the husband as of the time of the wife's death, proceeds are payable to that person.
If you have insurance through your employer, and you are the policy holder,(the insurance is in your name) this insurance will be primary for you, and your spouses insurance policy will be secondary. The insurance policy thru your spouse's employer, (your spouse is the policy holder, or the insurance is in their name), this would be primary for your spouse, and your policy would be their secondary. Here's the phamplet from Medicare http://www.medicare.gov/Publications/Pubs/pdf/02179.pdf
Normally this would not cause an insurance policy to increase, but it is possible. Every insurance company is different and have different rates. You should check with your insurance company directly and ask. Not at fault accidents can effect the price of a policy when the policy is new business with a company.
Of course you can collect.
The standard life insurance policy wording is requlated by the various stae insurance departments. Basically, the standard life insurance policy covers death by any cause at any time in any place. Death by suicide within the first 2 policy years is an exclusion in most states, 1 year in some states.
Yes, Your homeowners Insurance Policy will cover fire damage to your home.AnswerYou better contact your insurance agent on that one.
Yes a furnace is covered property under a homeowners insurance policy. However, the key to whether the policy will pay for damage is the cause of the damage. This is always the key to coverage.
Your homeowners insurance should cover damage to your sprinkler system if the cause of the damage is covered by your homeowners insurance policy such as fire, lightning, freezing of pipes, etc. Homeowners insurance is not a maintenance policy and will not cover mechanical failure of your system.