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The Product Profile for Life, also referred to as the PPfL, is an XML standard created by ACORD to define the details of a life insurance product. The ACORD Life, Annuity & Health XML Standards actually define it as a tc=1201 Policy Product Transmittal record.
You should be able to get a look at the ACORD specification on the public section of the ACORD web site http://www.acord.org
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∙ 15y ago
- Coverage options: Life insurance policies typically offer coverage for a specified period or for the insured's lifetime.
- Premiums and payment options: Premium amounts can vary based on factors like age, health, and coverage amount. Payment options include monthly, quarterly, semi-annually, or annually.
- Riders and additional benefits: Additional features like critical illness riders or accelerated death benefits may be available to enhance the policy.
- Policy exclusions: Certain situations, such as death by suicide within the first policy year, are typically excluded from coverage.
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How can one get in touch with a senior life insurance company?
To get in touch with a senior life insurance company, you can search online for reputable companies that specialize in life insurance for seniors. You can also ask for recommendations from friends or family members who have experience with senior life insurance. Additionally, you can contact insurance brokers or agents who can help connect you with suitable senior life insurance providers.
When was the Gerber Life Insurance Company founded?
The Gerber Life Insurance Company was founded in 1967. It is a subsidiary of the Gerber Products Company, known for its baby food products.
Where can one purchase life insurance for the elderly?
There are several insurance companies that offer life insurance policies specifically designed for seniors or elderly individuals. It is recommended to research and compare different options from companies such as AIG, Mutual of Omaha, or New York Life. Additionally, speaking with a licensed insurance agent who specializes in senior life insurance can also provide valuable guidance and assistance in finding the right policy.
Can you get life insurance at age 81?
Yes, many life insurance companies offer life insurance to applicants who are 81 and still insurable. Expect a lot of questions about your need for life insurance, your finances and your health.
How could someone over 50 years old get life insurance?
Someone over 50 can typically still get life insurance coverage through various options such as term life insurance, whole life insurance, or guaranteed acceptance life insurance. It may involve higher premiums due to age, but it is still possible to secure coverage by applying directly with insurance companies or seeking the assistance of an insurance agent specializing in this demographic. Additionally, maintaining good health habits and having a medical exam can help in obtaining better rates.
What is market profile of Life Insurance Corporation of India of India?
The Life Insurance corporation (LIC) has about 75% of the life insurance market. It has the lowest claims rejection rate.
Is an annuity a type of life insurance?
Yes an annuity is a life insurance product. Its kind of like the opposite of life insurance.
Which life insurance product is not eligible for dividends and does not accumulate cash value?
Term Life Insurance
What is a whole life insurance product?
A whole life insurance product is life insurance policy that lasts for the entire lifespan of the individual under the policy. New York Life and Mass Mutual are two popular companies that offer whole life insurance products. Check out their websites for more information.
What product does Ameritas specialise in?
Ameritas specializes in life insurance. Life insurance is an insurance involved in death, when a person dies, someone else can get a large sum of money.
In what countries does Tesco Life Insurance sell life insurance?
Tesco Life Insurance is a product that is offered through the Tesco Bank. Research has provided information that this company only provides insurance to consumers in the United Kingdom.
How can you sale the life insurance product to customers?
Just elaborate your product benifit to your target customer simply so that they can know easily about product and benefits to the customer by which which they become convinced.In this procedure you can sale your life insurance products easily. By- Tikesh
Does Primerica Life Insurance Company have no lapse Universal life insurance policies?
Primerica sells term life insurance 100% of the time. They strongly stand by their product as term insurance provides the maximum coverage for the lowest cost.
What is difference services between TM Asia life insurance company and great eastern insurance company?
If you compare product to product, GE's premiums are higher
Whole life Annuity-life insurance?
Whole life insurance is a product that provides a death benefit, along with a feature that allows you to build up cash value. I am not exactly sure what you mean by Annuity Life Insurance, but typically speaking annuities are a type of insurance product that are geared primarily to build up investment value and then take out a guaranteed stream of income as a result. Read more on what is whole life insurance below.
Should I purchase term life or whole life insurance?
Term life insurance does not build up accumulated value and ends when the insurance policy period ends. Whole life insurance does build up accumulated value, has tax advantages, but costs more than Term Life insurance. You can determine which product better meets your insurance needs.
Where can one purchase Canadian term insurance?
One can purchase Canadian term insurance at various on-line insurance companies. For example Sun Life Canada and Canada Life both have this product available.
