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One example of assigning Life insurance is if a court orders you to assign your life insurance to a former spouse. Another example is if you were terminally ill, you could assign a viatical company who would pay you a portion of the policy and after your death the company would receive the benefits. Anyone thinking about this should consult a lawyer.
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What insurance is known as ordinary of straight life insurance?
life insurance.
What is non-life insurance?
Its all insurance that is not life insurance such as health insurance, auto insurance, home insurance, and so on.
What different types of insurance are there?
There are mainly two types of Insurance, Life Insurance and General Insurance. Life insurance deals with the Securing the future of dependants of life assured. General Insurance deals with insurance of all other things life fire insurance, motor insurance, marine insurance etc.
Who are the competitors in direct life insurance?
Direct life insurance is offered through several mediums - commericals with a phone number to call, through the mail, and on the internet. There are several life insurance companies that provide direct life insurance through any one or all of the mediums listed above. Some direct life insurance writers include the following: RBC Insurance, HSBC Insurance, Liberty Life Insurance, Garden State Life, Colonial Penn, Gerber Life, Stonebridge Life Insurance and Guaranty Trust Life Insurance.
What type of insurance is also known as ordinary or straight life insurance?
Term life insurance, or otherwise known as pure life insurance protection.
Are life insurance procees taxable if the employer paid the premiums?
No. Life insurance benefits are not eligable for taxation unless the insured passed away without assigning a beneficiary. In this situation the benefits are paid into the deceased's estate and are subject to any back taxes or child support owed by the deceased, or the would be inheritor. Cash value is not the same as an insurance benefit and may be taxable in some situations. Group (employment) insurance has no cash value.
Do you need a will for life insurance?
You do not need a will for life insurance. I don't have a will, but I have life insurance. ;)
What products does AAA Life Insurance Company offer?
AAA Life Insurance offers three main types of life insurance policy these include Whole Life insurance, Term Life Insurance and Universal Life Insurance.
What kind of cases do life insurance lawyers in Wichita, KS handle?
The following are the types of life insurance lawyers in wichita •Life Insurance for Smokers •Life Insurance for NonSmokers •Business Life Insurance •Universal Life Insurance
How do you spell assigning?
A-s-s-i-g-n-i-n-g.
What kind of insurance does Banner Life Insurance offer?
Banner Life Insurance offer life insurance services. They offer Term Life Insurance which covers a person for a specific time and Universal Life Insurance which covers one for life.
Is there a such life insurance company as federal life insurance company?
There is an insurance company called Federal Life Insurance Company.
What insurance is known as ordinary of straight life insurance?
life insurance.
Do actors have life insurance?
Anyone can have life insurance. So actors would have life insurance.
What is non-life insurance?
Its all insurance that is not life insurance such as health insurance, auto insurance, home insurance, and so on.
What types of life insurance does Stonebridge Life Insurance have?
Stonebridge Life insurance carries both term life and whole life insurances. In addition, they have accidental death insurance, and accident hospital insurance.
Does union fidelity cover both accident insurance and life insurance or life insurance only?
yes it do cover life insurance not health insurance.
