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I believe you are referring to an Annuity.
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∙ 16y ago
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What is the difference between Virginia Life Insurance Company and Life of Virginia Insurance Company?
I have never heard of a company called Virginia Life Insurance, but I have done business in the past with Life of Virginia. However, they are no longer called Life of Virginia, because they were first purchased by First Colony Life Insurance company, and then they were bought by GE. They all now fall under the umbrella of Genworth Life Insurance.
Is there a Life of Virginia Insurance Company?
There was a Life of Virginia insurance company, however, it was purchased by first colonly life insurance, which was then bought by GE. GE spun off it's insurance unit to an independent company in 2006 called the Genworth Life Insurance Company. So, in a nutshell, Life of Virginia is now Genworth Life
What happen to an old insurance company called Commercial State Life Insurance Company?
How do I find out who has my policy I had with Commercial State Life INsurance Company
Is national life insurance still in business?
There exists an operating company called National Life Insurance Company. It is part of the National Life Group and has its home office in Vermont.
What insurance is known as ordinary of straight life insurance?
life insurance.
Is there a such life insurance company as federal life insurance company?
There is an insurance company called Federal Life Insurance Company.
What is it called when someone buys life insurance on someone else?
On whose life, policy is purchased, he/she is called 'Life Assured', whereas the former is called the 'Proposer' in a life insurance policy.
Why are annuities called life insurance?
Annuity income depends on life expectancy and is thus classified as life insurance.
What is life insurance for a specified period of time called?
I think it is called cash value insurance
Where can I get good death insurance?
"First of all, it isn't called death insurance, it's called life insurance, which covers your family in the event of your death. New York Life is a good place to check." "You can only get life insurance, not death insurance. Go with MetLife."
What is the difference between Virginia Life Insurance Company and Life of Virginia Insurance Company?
I have never heard of a company called Virginia Life Insurance, but I have done business in the past with Life of Virginia. However, they are no longer called Life of Virginia, because they were first purchased by First Colony Life Insurance company, and then they were bought by GE. They all now fall under the umbrella of Genworth Life Insurance.
Can you get self-employment insurance?
Yes, it is called Health Insurance and Disability Insurancdce. Also Life Insurance.
What is ordinary life insurance?
Actually, whole life insurance policy other than endowment,single premia or ulip policy can be called ordinary life insurance policy.
What are the different types of Life Insurance available?
Actually there are two different type of life insurance available. The first one is called "Term insurance" where the insurance only covers a specific amount of time. The second one is called "Permanent life insurance", where the insurance remains usually active (with some exit options of course).
What is interest-sensitive life insurance?
Interest-sensitive life insurance is a type of whole life insurance where the cash value can increase beyond the stated guarantee if economic conditions warrant. This is also called current assumption whole life insurance.
How annuities work?
Annuities have been described as reverse life insurance policies. You pay a large amount to your insurance company to start it and will receive small cash amounts over time. It's the opposite of insurance.
Is there a Life of Virginia Insurance Company?
There was a Life of Virginia insurance company, however, it was purchased by first colonly life insurance, which was then bought by GE. GE spun off it's insurance unit to an independent company in 2006 called the Genworth Life Insurance Company. So, in a nutshell, Life of Virginia is now Genworth Life
