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It would more than likely be one of the insureds. Usually the 1st named on the policy. Look at your policy or call the agent or company and ask..
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∙ 15y ago
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What type of insurance do you need in order for the mortgage to be paid off when one owner dies?
Joint Mortgage Term Life Insurance
How can I cancel joint life insurance when one party doesn't consent?
This will depend on some factors. Who is the policy-owner? The policy-owner is the only person who can cancel the insurance policy,
What is contingent owner on life insurance policy?
The new owner of a life insurance policy if the original owner dies before the insured.
Who should be named owner of life insurance?
The owner of a life insurance policy should be the person or corporation that is responsible to pay the premiums on time and the one who is entrusted with power to change the beneficiary at any time. So careful thought should always go into deciding who the owner will be. Often, the owner is the spouse of the insured, but can also be the insured.
What is joint credit life insurance?
Joint credit life insurance is money paid to you or your spouse if either of your are ever arrested on drug charges.
Does an owner of a life insurance policy have to be the payer?
No, the owner of a life insurance policy does not have to be the payer. Pretty much anyone can be the payer.
Who is the owner og a life insurance policy?
The owners name is listed on the life insurance application unless it was changed at some point. Any change was also mailed to the policy owner and should be added to the policy. Only the owner can make changes to the policy.
How do you know what you need in life insurance?
If you are looking to get life insurance you should consider if you have any dependents and if you don't you won't need life insurance. You could get life insurance if you are a sole owner of a company and you need to decide how much money your company will need after you die.
What are some good rates on joint term life insurance?
Joint term life insurance rates vary according to the person's age, their health, and the company offering the life insurance. It is impossible to know what rates are available for joint term life insurance without knowing personal information. A person may compare rates at the Globe Life Insurance or Bank Rate websites.
What is the definition of term life insurance?
Life insurance is an insurance service that one can purchase, and will pay out a lump sum of money when the owner of the life insurance passes away. It can also be paid out, or bought out, before the owner passes away.
How good is joint life insurance, and how much is it?
Joint life insurance basically insures two people with one policy. Joint life insurance policies exercise more leniency, making it easier to get life insurance. Premiums are also usually lower than if you were to buy two separate policies.
Can you divulge who the beneficiary is on a life insurance policy?
If you're the policyholder, sure.You need to be the policy owner and there should be no problem.
