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No. It is not always so. It depends on the circumstances how the death happened. Perhaps a death occurred when ice fell from a tall building. The owner will not get a death sentence as it was an accident.
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Does Prudential Life Insurance offer term life?
Prudential Life Insurance offers several different type of life insurance, including term life insurance. They offer complete term insurance or supplemental term insurance that can be added on top of any other insurance you may have.
Elements of Term life insurance?
Elements of term life insurance are: low cost, guaranteed rates, conversion to whole life if wanted later on. Term life insurance pays upon death for any cause at any time in any place, except for suicide within first 2 policy years, 1 year in some states. Term life insurance is easy to understand and offers rate guarantees of 10, 15, 20, 25 30 years or even level to age 95 if you want that.
Does convertible term policy accumulate cash value?
Term insurance does not build any cash value until it is converted into a type of permanent product that does - whole life, indexed universal life, current assumption, variable universal life.
Where could one purchase a life term insurance plan?
One can purchase life term insurance plans with any company that sells insurance. Companies such as London Life, Intact, Nationwide and Geiko all sell this type of insurance.
What is the value of a life insurance policy from Metropolitan life insurance taken out in 1924?
This answer will depend on the type of policy that was taken out and if the policy is still "in force". If the policy is a term policy (unlikely), whatever is the death benefit face amount of the policy. If the policy is whole life or universal life policy, the policy may have a cash surrender value and a death benefit value. Meaning that you may be able to simply cash out the policy and get a check prior to death. Or, upon death, the value would be the death benefit face amount plus any unpaid dividends and interest minus any loans that may have been taken out. I am happy to answer more questions or help you with this. Brian Lombardo, CPA, Agent
Are life after death theories in Egypt real?
The life after death position of any religion is as real as any other. Believers agree with it, non believers don't.
Which life insurance covers at of terrorism?
All life insuance policies cover death by acts of terrorism because all life insurance policies cover death by any cause at any time in any place.
What kind of life insurance should i buy term or cash value?
If you are left to make a choice between term life and insurance and whole life insurance, it comes down to how much you are willing and able to pay for your premiums and how much coverage you are looking for. If you can afford to pay a higher premium for your entire life, a whole life policy is the one for you as it also brings with it a cash value along with the death benefits. If you have a young growing family and want to protect it from hardship after your death, a term life policy comes highly recommended. The death benefits can be used to pay for funeral expenses, mortgage bills, education loans and help maintain your family's standard of living even in your absence. But whatever you choose at the end of the day depending on your individual requirements, ensure that buying a policy - any type - is non-negotiable.
What is long term life insurance?
Long term life insurance refers to a term life insurance policy that is in effect for a long period of time, usually 15, 20 or 30 years. Term life insurance provides life insurance protection for a specific number of years, usually 1-30 years. A short term life insurance policy may be 1-10 years. A long term life insurance policy may provide coverage for 15-30 or more years. If so, Long Term Care (LTC) coverage varies, but can pay for nursing home, hospice, home health care, "meals on wheels" type of assistance and other needs of the elderly or infirm. With the cost of nursing home care rising every year, it's wise to look into it. Your risks of having an auto claim are a little better than 1 in 200, a homeowners claim is even more remote, but one in two will be in a nursing home. Now that we're living longer, I expect these odds to worsen. I have this coverage, and the monthly premium is about the same cost as I can expect to pay DAILY once I'm in a nursing home. Also, young people who become ill or have tragic accidents are at risk as well, and the earlier you purchase it, the cheaper it is. Term Life Insurance is in essence a temporary contract. This means that this type of insurance will expire after a specified term, usually between 10 to 30 years (though this can vary with individual providers). A long term life insurance policy is one with a coverage of 30 years. Unlike a whole life insurance policy, term life insurance does not accrue any cash value. Due to this, there are lower monthly premiums as you are in effect only paying for the 'pure' insurance, and not using this as an investment or savings. In the event of the insurer's death within the term, the death benefits can be claimed by the beneficiary. Since it offers high death benefits at inexpensive premiums, this type of policy is very popular. The main reasons for choosing a term life insurance policy would be to provide for your family in case of your death, to pay off any debts or mortgages, to cover funeral expenses and any estate taxes, to cover educational loans for your children, and to provide for an aging or retired spouse.
What about any life ins or death benefits?
Life Insurance is the same thing as Death Insurance, If you are insured, and you die, your beneficiary receives the proceeds of the life policy.
What is basic life insurance?
Term insurance without any optional rider is considered to be the most basic type of life insurance. You purchase protection for a certain amount of time, after which the policy terminates. You have a fixed premium that does not change until the end of your term policy. You then have the option to terminate, or convert the term to a permanent form of life insurance. Term Assurance Policy is the basic life insurance policy.This is the cheapest pure life risk plan. On maturity, no amount will be paid to the policy holder. On any eventuality of the policy holder during policy term, sum assured amount will be paid to the nominee.
Does term life insurance pay anything if you cancel it?
No. Term insurance does not accrue cash value, so if it is canceled or lapses for nonpayment of premium it terminates, coverage ends. Further, in order for any life insurance to pay a death benefit, the insured must die while the policy is in force.
