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What type of policy provides a death benefit for all family members?
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Does insurance company owe money to family members in 2010 if policy holder purchased policy in 1953?
If the policy was still in force and the insured has died, then yes, the insurance company would owe the death benefit. If the policy was cancelled or surrendered, the company would not owe anything.
Can a HUF propose a life insurance policy for members of HUF?
Yes, HUF is a legal entity and can take insurance policy on its members. It will also get the benefit u/s 80C .
Can an employee take their life insurance policy with them when they leave the company?
It depends on what the employee benefit plan provides. You need to check the employee benefit handbook.
What is a unique benefit life insurance has?
The unique benefit the life insurance policy provides is that though life cannot be substituted by monetary considerations, but the former plays a pivotal role in the event of the crisis period when the main bread winner of the family passes away.
A private organization that works to affect public policy in order to benefit its members concerns?
interest groups
What private organization works to affect public policy in order to benefit its members concerns?
interest groups
Private organization that works to affect public policy in order to benefit its members' concerns?
interest groups
How do you find out if someone had a insurance policy after they die?
By referring to the family members on survival
What is a term policy?
A term policy is a kind of insurance policy wherein it provides coverage for a limited period of time only. When the insured person died during coverage time, and the policy is active, the relatives can get a death benefit.
Can beneficiaries get 20 percent of the value of the policy before giving the remainder to others in the family?
Beneficiaries are entitled to 100% of the policy. They can share it with other family members if they want.
Can a life insurance policy with five family members be turned in to five policies?
The answer is in the negative. You are to opt for separate life policies for your five family members to cater their needs.
What is the importance of policy in an organization?
A policy provides guidelines to the members of the organization for deciding a course of action, thus ensuring a uniformity of action Policy provides and explains what a member would do rather than what he is doing, thus help speed up decisions at lower level.
