whole insurance
No, Hopefully the stranger had a life insurance policy. Homeowners insurance does not provide life insurance or accidental death benefits.
There is no time frame limit when a beneficiary needs to file for life insurance benefits. All you need to do is notify the life insurance company and provide copy of death certificate, and if the policy was in force at the time of death, a benefit will be paid to the beneficiary.
Perhaps this question could be rephrased. The answer to the question as posed is: after the death of the insured, the policy becomes void, and the benefits payable. The simple answer is no, you as the owner can not change the beneficiary after the death of the insured (subject of insurance).
In most cases you will need to provide your insurance company a copy of the Death Certificate.
Death benefits really depend on the life insurance company. The best place to find information on death benefits is to visit and talk to a life insurance company, as they will talk about and mention all the important death benefits that may be important.
no
Death benefits are moneys which are paid out to the survivors of a decedent, either through life insurance policies or by to applying for death benefits from government agencies.
The most important benefit of having an universal life insurance is that you can provide a permanent death benefit to those who depend on you while earning cash value.
I think ulip is the best option in insurance. I prefer Aegon Religare for ulip plans.
There are many companies that provide insurance for accidental death and dismemberment. This includes companies such as American General Life Insurance Company.
It may be challenging to claim accidental death benefits with an unknown cause of death since the circumstances cannot be clearly defined as accidental. Insurance companies typically require a clear cause of death to process a claim. You may need to provide additional evidence or documentation to support your claim.
That depends upon the kind of life insurance that you have.