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A group life insurance policy is an employee benefit program. The employer is the contract holder, and the lives of the employees are insured. If the employee leaves the company the coverage may or may not be convertible to an individual policy (one owned by the former employee, rather than the employer).
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Is a policy for the equitable life assurance society of the united state still valid?
Is a policy for Equitable Life Assurance Society of the United States still valid: Insured: Phillip Swanson Policy # SU 77 389 758
What type of life insurance pays a dividend?
Group life assurance
What has the author Leslie John New written?
Leslie John New has written: 'Life assurance from proposal to policy' -- subject(s): Life Insurance 'Life assurance'
Where is Pearl Assurance company located?
The Pearl Assurance company has merged with Phoenix Life. If you have a policy with Pearl Assurance it is looked after by the customer service team in Peterborough.
What are the rules for life assurance policy insurance?
The rules of life assurance policy insurance vary from provider to provider. The exact rules will be specific to the plan and coverage that you purchase. In general, these policies are payable upon death or diagnosis of a terminal illness.
What is life Assurance policy as a security?
You can get loan by mortgaging your life insurance policy as security or lien from bank or financial institution. The policy has to be assigned in their favor. Once you repay the loan with interest, the policy will reassigned in your favor.
What is description of whole life insurance?
In Whole life policy, insurance claims are entertained in case of any eventuality of the policy holder during the tenure of the policy period only, like term assurance policy.
How do you contact the equitable life assurance society of the US to file a claim?
Is a policy for The Equitable Life Assurance Society of the United States still valid: Group # 16911 M Certificate # 108815 For employee: 63-11 George C. Brown For employee of the Dept. of Water and Power in Los Angeles, CA
What happens when you out live life insurance policy?
Well, if it is a Term Assurance Policy, there is no maturity benefit. However, in Endowment Policy, you are of course entitled to maturity benefit.
What is group life insurance policy?
group 2339
When is a policy paid out?
a policy can be paid out upon death of the life insured, maturity (if the policy has a term and is with profit) or via cash surrender (for a lower value) as long as the policy is with profit and is not a assurance term policy
What does age not admitted mean on life assurance?
"Age not admitted" on a life assurance policy means that the insurance company does not accept applicants who are above a certain age, usually the maximum age limit specified in the policy. This means that individuals above this age limit would not be eligible to apply for that particular life insurance plan.
