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Why would it be better for a young person to purchase a 30 year term life insurance policy?
Wiki User
β 14y ago
It would be better if they chose a life insurance policy that lasted til the day they may pass away.
Wiki User
β 14y ago
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Where can one purchase a travel insurance policy?
There are many sources for anyone who wants to purchase a travel insurance policy but the best place to start would be by contacting the insurance company an individual already has a policy with and to ask for a recommendation from them.
What is the person that buys the insurance policy called?
The person that buys the insurance policy is referred to as the policy owner. This person is the only one that can make changes to the policy or cancel it. However, there may be more than one policy owner for the same insurance policy.
Who is the Owner of life insurance policy?
Typically,the person who purchased it owns it. That person may be different from the person insured or the beneficiary. The owner can usually make decisions concerning the policy. An example with respect to a policy issued by a stock company, whether to have the company send a dividend check or to use the dividend to purchase additional insurance.
How can one purchase Statefarm auto insurance?
One may purchase a Statefarm auto insurance policy by calling your local Statefarm insurance broker. Once contacted the insurance broker will talk you through what is required to get an insurance policy ready.
Who is the person that is the holder an insurance policy?
policy holder
Where is it possible to get Gieco car insurance?
Geico automobile insurance can be obtained by either contacting a local insurance carrier who has Geico as an insurance provider, or a person may use Geico's website to purchase an automobile insurance policy.
How can one sell their life insurance policy?
One can sell their life insurance policy and this is called Viatical Settlement. An insurance company sells insurance policy to a person. This person (viator) sells his policy to another person (viatical settlement provider). When the first person dies, the second person will benefit and cash in the money.
Can one person own the home and another purchase the homeowner's insurance?
If you mean can you pay for the other persons ( the owners ) insurance policy yes. If you mean can you insure it for yourself no.
Does the insured need to know about a life insurance policy?
You cannot purchase insurance on someone without their knowledge and participation. The insured has to answer the underwriting questions in person and sign the application in the presence of the insurance agent. The insured does not have to be the policy owner or payer. The owner is the only person that can make changes to the policy including changing beneficiary, address, payment method, etc.
Can i get car insurance without having a car?
You can purchase a non-owner policy which is used occasionally if a person is required by the state to carry valid insurance in order to keep your license.
Can an insured person also be the beneficiary on an insurance policy?
Yes, there is no bar in the insured person being beneficiary on another insurance policy.
Does your son with learner's permit needs auto insurance?
Anyone driving a motor vehicle needs to be on an insurance policy. Contact your insurance carrier and have him added to your policy, or purchase a policy for him, whichever is cheaper.
