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What does deces mean in English?
'Assurance Deces' is a French term which translates into English as 'Death Insurance'. Death insurance is a common form of insurance taken out to protect against life events such as accidental death. This policy covers areas such as accidental death. Should the claim against the policy be accepted, the policy would be paid to the benefactor. Depending on the issuer or the policy, depends on the level of premium.
What does 'assurance deces' mean in English?
'Assurance Deces' is a French term which translates into English as 'Death Insurance'. Death insurance is a common form of insurance taken out to protect against life events such as accidental death. This policy covers areas such as accidental death. Should the claim against the policy be accepted, the policy would be paid to the benefactor. Depending on the issuer or the policy, depends on the level of premium.
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
What exactly is a life insurance company?
A live insurance company is a company that holds a "life insurance" policy on a person. The policy is taken out by a person and fees are paid. And, if for some reason the person's life ends, the policy is paid out to the beneficiaries as long as the death was not done on purpose.
What is joint life insurance policy Describe the accounting treatment of joint life policy upon death of a partner?
Joint life policy is an policy taken by all the partners of the partnership firm for avoiding the disturbance in business due to death or retirement of partners,so when a partner dies insurance company will pay the representatives of the deceased partner otherwise the assets would have to be sold which can led to disturbance of business.thus,JLP is taken...........
What are the policies with survivorship life insurance?
Survivorship life insurance is often taken out by spouses. All the benefits of the policy roll over to the surviving partner on the policy upon the first person's death. However, the benefits are not accessible by the surviving partner; the entire policy is only paid upon the second person's death.
If you are taken off your insurance policy do you have to surrender your license?
no because you will get another insurance
What are some companies associated with Key Man Insurance?
Key Man Insurance is an insurance policy taken out by a business to compensate that business for financial losses that would arise from the death or extended incapacity of an important member of the business. Some companies associated with this policy include Nationwide and Mozdex.
A 71 year old men passed away about 1 year ago. He had taken a 10 years term insurance policy 1 month before he died. The policy was just discovered. will the insurance company pay?
Send a certified copy of the death certificate and A COPY OF proof of the insurance policy and you should receive payment.
Does life insurance pay if a patient is taken off life support?
Obviously, the life insurer will not pay when a patient policy holder is taken off life support. Unless the hospital authority officially signs the death certificate of the patient, the clinical death will not be officially recoginised from insurance point of view.
What is the purpose of the accident plan?
It could be an insurance policy taken out with an insurance company in case of an accident.
What is key person life insurance?
AnswerKey person insurance is a business related form of Life Insurance, and is taken out by a business to protect the business should any financial losses arise from death or incapacity of a member of the business that is specified in the policy.
