A Successor should be named in the policy as a person that personal property and monies will be transferred to after a decedent estate is distributed.
Beneficiaries will always collect 1st. Primary then contingent. If no one as named beneficiary is still alive, it would go the primary beneciaries survivors. The claims department of the insurance company will assist you. 4lifeguild
If I'm not mistaken the successor to Stockman's National Life Insurance company is World Service Life Insurance company of Forth Worth Texas
It is not important to have a life insurance policy.
The Policy Holder of a life insurance policy is the executor of the said policy.
Scott
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You can get money from life insurance in the form of maturity benefit and death benefit (the later being paid to the nominee).
There are many policies offered by General American Life Insurance. These include the Variable Life Insurance policy, the Condo Insurance policy and the Boat Insurance policy.
A life insurance policy is "portable" when upon leaving the group policy, you transfer your life coverage to an individual life policy with the same insurance carrier with no changes to the policy or increase in premium.
One way to find a lost or missing life insurance policy is with the help of The Center for Life Insurance Disputes. They can help you locate policies that have been lost or forgotten about.
Technically, there is no insurance policy called as permanent life insurance. However, you can treat whole life insurance policy as permanent since the policy covered the whole life span of the policy holder and benefit is payable to nominee in the event of any eventuality of the policy holder.
Actually, whole life insurance policy other than endowment,single premia or ulip policy can be called ordinary life insurance policy.