Life Insurance is the same thing as Death Insurance, If you are insured, and you die, your beneficiary receives the proceeds of the life policy.
I Need to Know How I can Claim Death Benefits on a loved one
Retirement Benefits after Death?NO. Retirement benefits cease once a person dies and therefore would not be part of an estate. When a person Dies, they are no longer considered "Retired", They are after death considered "Expired".Life insurance also is not part of an estate unless there is no named beneficiary. The proceeds of a life insurance policy belong to the beneficiary named on the policy, Not to the deceased nor to the deceased estate.
No, if you are the beneficiary of the policy you will receive the money in full from the ins company, not the employer. If the employer is the beneficiary and they have an agreement to pay you a specific amount from the death benefit then yes they can. But this is rare. If it is just a regular company offered group life ins policy your contract is with the life ins company, not the employer. So the employer has nothing to do with the process of you being paid. You will receive a check from the ins co as soon as they receive the death certificate. But the IRS can take the money from your bank account....they will always find a way to get what they say is owed to them!
I called Colonial Ins phone # and they asked for my ss# which I am not ready to give at this time, so they disconnected me....Any way I can ask a few questions re applying for life ins possibility?
I believe it was first west life ins then old reliance ins co in oct 1994 then American founders life ins as of dec 2000 1800-272-9600
With accidental death benefit coverage, the nominee is entitled to get further sum assured amount (SA x 2) in case of accidental death of the policy holder.
YES. SOME INS. COMPANIES DO NOT ASK ANY HEALTH QUESTIONS AT ALL ! MOST OF THESE ARE "TERM LIFE INS." SOME WILL INCREASE YOUR RATE AS YOU GET OLDER BUT THE AMOUNT OF INS. WILL STAY THE SAME, UNTIL YOU REACH A CERTAIN AGE (BETWEEN 75 & 80). THEN YOU WILL NO LONGER BE INSURED. OR,,,YOU MAY BE ABLE TO GET "WHOLE LIFE" INS. IF THE REASON YOU WERE DECLINED HAS CHANGED FOR THE BETTER AND ENOUGH TIME HAS PASSED SINCE YOU HAVE BEEN "IN GOOD HEALTH". FIND AN INS. AGENT WHO CAN TRY TO PLACE YOU WITH MORE THAN JUST ONE CO. LOOK FOR A LIFE INS. BROKERAGE FIRM.
dinosaurs.
yes i have
Life ins
no
what is the phone# for home security life ins co. of durham, nc