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How do you trace a paid up lost life insurance policy when your 82 and cant remember who the policy was taken out with?
You can start by checking the deceased person's bank statements for any premium payments made to an insurance company. You can also search through the person's personal records, contact state insurance departments, or hire a professional service to help track down the policy. Remember to provide as much information as possible about the policyholder when reaching out for assistance.
What is paid up value in insurance policy?
When a policy is taken out, it is taken out with an agreed sum assured. If you allow your policy to lapse due to the stopping of premium payments then the sum assured is reduced to give you a lower value (this is seen as a contract breach and is effectively the penalty you have to pay)The reduced sum assured is referred to as "the paid up value"
Can you convert a term life policy into a whole life policy?
Unlikely as the term polcy is for specific termand whole life pays out on death. The actuaries who set the premiums at the outset of the policy use mortality rates when the policy is taken out. To convert to a whole life policy would mean ia complete reevaluation which is not cost effective for the insurer. You could make term policy paid up and take out whole life policy but its best to take independent advice.
Actions taken by the federal government which influence economic activity are know as?
The economic actions taken by government are known as fiscal policy.
What is the term for an action taken by the government for the people?
policy
What is price stability?
Guess you mean stabilization of the price level. Look up stabilization policy.
What is an temp cover?
Temp cover is car insurance that is the same as annual insurance except that except it is for a shorter term on your policy insurance. This insurance policy can be taken out for the minimum of 1 day and up to 8 months.
What do you mean by Policy renewal?
renewing your policy
Difference between policy output and policy outcome?
Policy outputs are actions taken in pursuance of policy decisions; they come first and are more tangible. Policy outcomes focus on a policy's societal consequences after the policy has been implemented.
Who do you call to cash in an old policy?
the policy is a 500 hundred dollar policy was taken out on me in 1970 im 50 years old now what do i need to do to cash my policy
How can you find an old insurance policy?
There are many steps that can be taken in order to find an insurance policy. If you have the original paperwork from the insurance policy, this is the best thing. If you do not have the paperwork and have not been able to retrieve it, you can call the company you believe the policy may have been written from. If you do not know the exact company, calling around would be the next best thing. If a policy is in place these steps should help you find it. If you can not find it, it doesn't mean one doesn't exist, so don't give up until you have exhausted all resources.
What is a public policy?
a course of action taken by a government body
