Why is it necessary to own life insurance?
Insurance is a tool to prevent financial loss. If there are ones that would be put at a disadvantage because of your loss of income or if you have debts that would cause hardship then you need life insurance.
No, its not necessary. However, it would probably be a good idea to have some life insurance regardless.
The best way to find information on life insurance for children would be to speak to a life insurance specialist. They can discuss whether or not insurance on a child is necessary.
Yes you can. As an agent, you are allowed to write your own policies.
There are many places where one would be able to find their own life insurance information. One would be able to locate their life insurance information by checking with their current life insurance provider.
Life insurance is a necessity if you have a spouse and/or children that rely on you for their subsistence. If you have no dependents it is not necessary to create a windfall for someone else.
"Mortgage payment protection insurance is essentially a form of life insurance. If something happens to you, your mortgage payments will be covered under the terms of your insurance plan. This insurance is definitely not necessary, and, in fact, a more standard plan like term life insurance may get you a better value for your dollar."
No insurance is necessary, but personal insurance can be a good idea for your peace of mind, and that of your family. If you can afford it, protecting your income and your life is a sound investment that will almost always be worth it in the long run.
To file a life insurance claim, a call can be made to the insurance agent of the policy who can help fill out any necessary forms. Certified copies of the death certificate should be submitted with the life insurance policy.
Yes, you can own multiple life insurance policies with multiple insurance companies. The application for coverage usually asks if you own other life insurance policies and how much coverage you own. The insurance company wants to make sure you aren't over-insured for any reason. But, if they say it's ok, you can buy life insurance with several insurance companies. Just make sure to answer the questions on the application truthfully. I hope that helps. Best… Read More
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Not anyone. You have to prove insurable interest on that person and they have to sign that it is alright for you to own life insurance on them.
The beneficiary may usually be paid within 10-21 days after the insurance company has determined there is no fraud and the insurance payment is due as per the terms and conditions of the life insurance policy, and all necessary paperwork is in to them. The life insurance company usually requires the death certificate when making your claim. Make sure to review the "How to Make a Claim" section of the life insurance policy and contact… Read More
If one is interested in buying life insurance without medical exam, it is necessary to know that this type of insurance is more expensive and one would expected to pay an extra money to get it.
You would contact the insurance company and they will send you the necessary paperwork. They will require a copy of the death certificate also.
Yes. It's called Mortgage Life Insurance or Credit Life Insurance and is sold by the lenders. But if you can qualify (no outstanding health problems) it may be cheaper to get a decreasing life insurance policy or a whole life policy on your own.
You can contact the life insurance company. They should be able to send you the necessary paperwork to change the beneficiary. If you have an agent, they should be able to help assist in the process too.
Yes, your mother can buy a life insurance policy on you because she has an insurable interest in you. And, you can buy a life insurance policy because everyone has an insurable interest in their own life. However, your mother may need your permission and your signature on the application for life insurance that she purchases with you as the insured person.
probably old enough for you to have life insurance or insurance so 18 maybe
Guaranteed issue life insurance is life insurance that is guaranteed acceptance. That means if you apply you are guaranteed to be accepted for life insurance coverage. However, you usually have to be a certain, like 45-75. Also, the amount of coverage is not fully available until 1-2 years after you own the policy - this is called graded benefit life insurance.
Landlord's insurance would be necessary to protect the owners's property in the event of mishap but it would remain the responsibility of the tenant to cover their own belongings with tenant insurance.
In case of suicide, the insurance company will not provide any compensation for the family of the policy holder. Life insurance will only take care of the family of the policy holder when he does not take his own life.
Yes. You can put insurance on just about anything even if its not yours. Also that goes for life insurance as well.
You can visit Insurance site FAQ for this claim process because all insurance company have tis own rules and regulation so its very difficult to tell which process you have to follow.
Though Life Insurance Company plays the role of financial intermediary, technically an Insurer is governed by Insurance Regulator of the country and has got separate entity of its own.
Yes you can but you should note that on the application. Part of the fraud prevention for a carrier is a person with far more life insurance than would seem prudent and necessary.
There are a few Canadian insurance companies that one could compare the prices for life insurance. There are websites like Progressive and TD Insurance that will show their competitor's prices as well as their own.
Yes and one of the benefits of buying insurance from the company you work for may be a reduced premium. == ==
You are to bring the error to the notice of the Insurance Company,by submitting an official letter, to be acknowledged by them. The request should be to make necessary correction/rectification of the error and mail you the amendment copy, which should be an integral part of your original life insurance policy bond.
If the policy bond of your dead husband is not in your possession,you can contact any insurance advisor,visit the insurance co's website,or personally visit the branch office of the insurance company for necessary assistance.
Yes he can but you must authorize it. If not, it is fraudulent.
New South Life Insurance was acquired by Liberty National Life Insurance Company, PO Box 2612, Birmingham, AL 35202 - Phone 800-318-4542 or 205-325-4979. They were able to locate our policies but it was necessary to add a 7 at the beginning of our policy number.
Insurance will not cover cosmetic dentistry. Anything cosmetic is not considered to be life threatening or necessary for survival. It is considered to be trivial thus not being covered.
Surrendering a Postal life insurance policy in India requires going into the Post with adequate documentation. After a suitable waiting period it is necessary to present the case to a magistrate for full approval.
A good life insurance calculator can be very helpful to estimate how much coverage you need but it is not imperative. It will come down to what amount you feel comfortable with and how much you can afford.
You should insure against non owned and hired auto's even if the business does not own its own vehicles
The only time someone can own life insurance on you without you knowing it is when you are considered a juvenile. This, of course, depends on the law in the particular state you live in. Life insurance companies require you to sign the application form as long as you are considered an adult. Another person, usually a relative or business partner, can own the policy and can be the beneficiary of the policy but you… Read More
The only way to determine how much your life insurance would cost for $250,000 is to request quotes for life insurance. Each insurance company has their own pricing guidelines, and underwriting guidelines, so each carrier offers different rates for life insurance. Several factors effect your life insurance premiums, including your age, type of life insurance, gender, height-to-weight ratio, occupation, hobbies, health, family health history, if you smoke or not, and any medication you may be… Read More
Are you seeking insurance for the latest requirements you got in life? Perhaps, it is necessary to get insured multiple things in life with some becoming mandatory as well. Choosing the best source in this context is very much important so that you become successful in life without going through any complex situations for sure. for more:
AFLAC stands for American Fidelity Life Insurance Company of Columbus (Ohio). Therefore, the answer to your question is "No".
Keep in mind that usually life insurance through your employer does not leave with you when you leave work. So if it is 10 years and you decide to leave, you will at that time have to get your own individual life insurance. Now you are 10 years older and your height and weight could be different and you could have medical conditions. Yes, it is a good idea to get life insurance in addition… Read More
I would say when you die its very necessary for the family/next of kin, so they can pay all your funeral cost and bills you have left. ANSWER: Today's life insurance will pay benefits not only at death, but also in the event of illness, accidents, job loss (see life insurance with mortgage protection feature, disability benefits, etc). Talk to an experienced agent to help you choose the most comprehensive protection with living benefits, not… Read More
Yes, parents and children have an insurable interest, so you can have a life insurance policy on your son and daughter-in-law. If they both happen to die prematurely and minor children will become your responsibility, then life insurance is not only justified, but needed.
== == National Association of Insurance Commissions - Life insurance company locator - Answer five questions, using your best guess if necessary, then click on the 'Create Suggested Contacts' link to view a list of State Insurance Departments that may be able to assist you with your search. see related links to website
Petplan provides medical insurance for cats and dogs similar to health insurance for humans. It is not necessary to have the insurance, but the insurance could be helpful if your pet falls ill.
Here are some topics for Life Insurance: What is life insurance? How does life insurance work? What are the different types of life insurance? What are the top life insurance companies? How do I get the best price on life insurance? What is a beneficiary? How can I save money on life insurance?
If you are looking to get information on empty property insurance, you should call your agent. Empty property insurance would only be needed if you own a building with nothing in it. It would cover the structure only nothing inside it.
You can contact the life insurance policy and request the necessary forms that you will need to fill out and send back to the insurance company in order to surrender the policy. You may want to ask how much the cash value is that you will receive from the policy upon surrendering the coverage.
YES, you can have multiple insurance policies, from different companies or even from the same company. Each company has it's own rules of how much life insurance someone can get. You can get quotes from multiple companies and have life insurance policies issued simultaneously from different companies. You should work with an insurance agent that has access to multiple insurance companies and can advise you what requirements each company has, and the limits they are… Read More
Your parents took out life insurance policy on you as child. You just found out at age 50. The beneficiary is parents and then sister-not 4 kids or husband. Do you have a say in this?
Nope. They purchased it when they had the ability to contract and they determine the beneficiaries. You can always purchase your own life insurance with your own money and name your own beneficiaries.
The amount if life insurance you can get depends on several factors that the insurance company takes into consideration, including: 1. Your health status. 2. Your family's health history. 3. The amount of life insurance you already own. The insurance company doesn't want you to be over-insured. Most life insurance company will allow you to purchase up to 10 times your annual income, or more in life insurance. So, if you earn $100,000 per year… Read More