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What type of insurance is designed to replace the loss of income from a deceased family member?
Wiki User
∙ 11y ago
Life Insurance
Wiki User
∙ 11y ago
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Which type of insurance is designed to replace the loss of income from a deceased family member?
Life insurance
How do insurance companies know of your death?
A family member or the agent needs to inform the insurance company if a beneficiary deceased; They will mail a claim package to the insured family, and a copy of the death certificate will be required.
What is the possessive form of deceased?
The possessive form for the noun the deceased is the deceased's (the deceased's family).
How can you find out if your deceased mother had a life insurance policy?
My best friends mother passed away last August. She had spoke of a life insurance policy that she had taken on herself years before she passed away,however no one in the family knows how to locate it. What steps do the family need to take to find this insurance policy?
What happens to homes when parents are deceased and still owe the bank?
In some cases the loan customers would have some type of insurance that would protect the deceased persons family in case of his unexpected demise. If so the insurance proceeds would be used to pay off the mortgage and the family members would retain the house. If that is not the case then, the bank can ask the survivors of the deceased to pay off the loan. Which if they fail, the bank can take posession of the home, sell it and recover its loan amount.
How can I find out if a deceased family member had any life insurance?
If you suspect a deceased family member had any life insurance, but you cannot find a policy, there are several things you can do to find policies. If the deceased had a policy through work you can contact the Human Resoures department. They will know what benefits the deceased had. You can also check with any credit cards companies the deceased used. There may have been death insurance through the credit card. For individual policies you can use one of the paid search companies to find the policy for you. Do a search using "find lost life insurance policy" or "missing life insurance policies" and you will find some reputable search companies. You should be aware that insurance companies do not turn policies over to State Unclaimed Property accounts unless they know the person has died and they cannot find the beneficiary. So searching unclaimed asset sites is a waste of time. The beneficiary has to find the policy if they hope to collect any benefits. That's why it's usually easiest to use a paid service.
How can I find out if a deceased family member had Life Insurance?
If you suspect a deceased family member had any life insurance, but you cannot find a policy, there are several things you can do to find policies. If the deceased had a policy through work you can contact the Human Resoures department. They will know what benefits the deceased had. You can also check with any credit cards companies the deceased used. There may have been death insurance through the credit card. For individual policies you can use one of the paid search companies to find the policy for you. Do a search using "find lost life insurance policy" or "missing life insurance policies" and you will find some reputable search companies. You should be aware that insurance companies do not turn policies over to State Unclaimed Property accounts unless they know the person has died and they cannot find the beneficiary. So searching unclaimed asset sites is a waste of time. The beneficiary has to find the policy if they hope to collect any benefits. That's why it's usually easiest to use a paid service.
Who are Flanders family members?
NedMaude (Wife|Deceased)RoddToddEdna (Wife|Deceased)
Who pays the bills of a deceased family member?
Bills are paid from the estate of the deceased.
When is the will read to the family of the deceased?
After burial
Is it illegal for one member of family to withhold insurance policy details of deceased mother from siblings?
The information should be available to all family members who are the beneficiaries of the policy or are affected by the probate of the deceased person's estate. If the person withholding the information is the Executor of the estate, that person does not have the right to withhold this knowledge from the beneficiaries of the policy. Notify the probate court of this,
Sister is deceased and the widow remarries into a family with children. What relation are these children to deceased sister's family?
The kids would be the deceased sister's nephew's/niece's. In other words, the sister would be the kid's aunt.
