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First and foremost, is replacing the life insurance in the customers best interest? You need to ask why is the insurance being replaced. Generally if it is a term policy replacing a cash value plan it usually is not a good idea. The most important factor is whether or not the insured is still insurable or as insurable as he was upon the 1st life insurance purchase. If it is a term policy replacing another term and there is a cast savings then it may be a good move as long as the insureds insurability has not changed. In any event, never cancel the original policy until the replacement is issued.
What else can I help you with?
How do you tell if someone has put life insurance on you?
Unless someone faked your signatures and did not need a medical exam it is highly unlikely that you would not know if someone can take out a Life Insurance policy on you. There must be an insurable interest when a life insurance is taken out and the insured must know unless that person is a minor and the parents took it out.
Did you know that one of your friends knew the girl in the prudential life insurance commercials?
No I did not know that one of your friends knew the girl in the Prudential life insurance company commercials. I know they are a very large insuranc company, so your friend's friend must be a very special girl to be in their commercials.
Can someone take out a life insurance policy on someone that they do not know?
Typically, the person being insured must consent to the life insurance policy. Without the person's consent or insurable interest, it is not permissible to take out a policy on them. Doing so could be considered fraudulent.
Can you get a life insurance quote offline?
You can, in fact, get a life insurance quote offline. To get a life insurance quote offline, you must contact an insurance company; either through phone, or just driving there.
What must the language in a life insurance contract be?
English
The policy summary in a life insurance policy must include the insurance company's?
ADDRESS
Can you get a life insurance policy on just anyone?
No, you must have an "insurable Interest" and if other than a minor you must have their consent by signature. Then they must qualify for the insurance. 4LifeGuild
Can you take out life insurance on someone you don't know without their consent?
No, YOu must have an insurable interest and they must sign for it. There is an exception to that rule when a reletive buys coverage for a minor. They still must have an insurable interest. 4lifeguild
Does Saga Life Insurance offer guaranteed life insurance?
Yes, Saga Insurance has guaranteed life insurance policies. You must live in the U.K. and they specialize in covering people between 50 and 85. When you visit their Website and you click insurance you may not see the guarantee life policy options. You will have to click on the small word "Home" under the word Saga and then run your pointer over "Insurance" next the word Saga, when you do this a bunch of insurance options will show up then click "Guaranteed Life Insurance" and you will find all you need to know about their services. Or go to saga.co.uk/money/guaranteed-life-insurance.aspx
Can you get life insurance if you are pregnant?
Yes but you must disclose the fact that you are pregnant.
Can you take out a life insurance policy on anyone?
No, you must have an "Insurable Interest" and if they are not minors they must sign the application.
Can your wife take out a life insurance policy on you?
No. The person to be insured must be present; must answer the underwriting questions in person, and must sign the application themselves. The only time you can alter from this is in the case of a minor and the legal guardian takes out life insurance on the minor.
