Check with several independent agents. There are very few things that totally disqualify you from life insurance. One agent may say you are uninsurable, but may be with certain companies.
One can find a life insurance needs calculator online. Some of the useful websites are Life Happens, Bankrate, Genworth, State Farm, LPL Financial and MSN Money.
"Mortgage payment protection insurance is essentially a form of life insurance. If something happens to you, your mortgage payments will be covered under the terms of your insurance plan. This insurance is definitely not necessary, and, in fact, a more standard plan like term life insurance may get you a better value for your dollar."
You need a life insurance policy to cover the risk of death and a health insurance policy as a cushion against hospitalisation expenses. Buy Personal Accident Insurance Coverage :
Life insurance companies never go out of business. They are merged, purchased, or absorbed by another insurance company who then owned their assets and liaiblities. Any loan you have on a life insurance policy is going to be less than the cash value of the insurance policy so the value is going to exceed the amount you owe. You will want to find the new insurance company who now is responsible for your policy.
Prudential is itself a life insurance company. Therefore, Prudential life insurance is nothing but life insurance that is provided through this company.
What happens to your Employee Group Life insurance investment after you retire from employment
if the owner of a life insurance policy dies and the policy is on her son. What happens to the ppolicy and is it part of the estate.
If the life insurance was provided by your employer and your employment is terminated, you will lose the life insurance protection. You should look into individual life insurance, which you can take with you if your employment terminates.
The life insurance benefit will be paid to the deceased's estate.
loss of tax treatment
no
they would be disqualified!
No affect
You no longer have insurance cover - if you happen to die then there is no payment made.
Nothing. The family is just not going to survive as-well as ones who die with life insurance.
They get disqualified.
They are disqualified.