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What else can I help you with?
Can you reclaim PPI if the policyholder has died?
If is possible to reclaim PPI. Even if the policyholder has passed away.
When a policyholder moves into an area served by different bcbs corporation than the policyholder previously used the plan must?
cancel the policy
Does homeowner insurance cover theft on other address?
Usually as long as A). The item stolen is owned by the policyholder, B). The item was not stolen on another property owned by the policyholder that does not have insurance.
What is a satellite IRON number?
A satellite IRON number refers to the target level of reserves that an insurance company needs to maintain to cover its policyholder obligations. It is used to assess the financial strength and stability of an insurance company. The higher the satellite IRON number, the better prepared the insurance company is to meet its policyholder obligations.
Written authorization from policyholder for their insurance company?
Written authorization from a policyholder for their insurance company is a document that grants permission for the insurer to access specific information or take certain actions on behalf of the policyholder. This authorization is often required for processing claims, sharing personal data with third parties, or allowing agents to discuss policy details. It ensures that the policyholder's rights and privacy are respected while enabling efficient communication and service from the insurer.
What is the difference between life insurance and annuity?
Life insurance provides a death benefit to beneficiaries when the policyholder passes away, while an annuity provides regular payments to the policyholder during their lifetime.
What are the estimated reserves?
Not sure if this is a math/ statistics question. Reserves are assets you hold, but are not using immediately. There are oil reserves, mineral reserves (like gold reserves) and cash reserves. I think you need to rephrase the question for a proper answer.
Can a insured surrender a whole life insurance policy if you are not the policyholder?
No. Policyholder is the owner of the contract, he only has to surrender. But in extreme cases, where the owner is medically not fit (E.g. if he's in Koma), practice varied from company to company.
What are proven reserves?
What are proven-in-place reserves
A life insurance policy that pays whether the policyholder lives or dies is called?
A life insurance policy that pays whether the policyholder lives or dies is called a whole life insurance policy. This type of policy provides coverage for the policyholder's entire life and typically includes a cash value component that grows over time.
What is the dictionary definition of a policyholder?
A policyholder is an individual or entity that has an insurance policy in place with an insurance company. The policyholder pays premiums to the insurance company in exchange for coverage and protection against specified risks outlined in the policy.
What are the key differences between life insurance and annuities?
Life insurance provides a death benefit to beneficiaries upon the policyholder's death, while annuities provide a stream of income during the policyholder's lifetime. Life insurance is meant to protect loved ones financially after the policyholder's death, while annuities are designed to provide a steady income stream during retirement.
