I would assume they are the assigned owners of the insurance policy, and have the greater interest in the product that was purchased, if the terms and conditions for repayment have not been met. So "YES" they would have the rights to sell the policy.
The bank must make payments of these items from the account on time, if you kept an escrow account with the bank and carried out regular deposits for the taxes and insurance payment. If the bank does not pay the insurance premium on time and the insurance policy is cancelled, the bank must either get in touch with the insurance company and make them reinstate the policy, or buy a policy with another company. Nevertheless, within this time you keep being liable for continuing the insurance payment through your escrow account.
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.
If it is your policy, call the insurance company. If not, you will have to have authority over the estate or person to get information on this due to the privacy laws.
Go to website http://www.insuranceroundup.com/lost.htm They list companies that have been sold and are now under different names. Michael FindYourPolicy.com
Contact the company and ask them.
The bank must make payments of these items from the account on time, if you kept an escrow account with the bank and carried out regular deposits for the taxes and insurance payment. If the bank does not pay the insurance premium on time and the insurance policy is cancelled, the bank must either get in touch with the insurance company and make them reinstate the policy, or buy a policy with another company. Nevertheless, within this time you keep being liable for continuing the insurance payment through your escrow account.
A paid up insurance policy is a life insurance policy under which all life insurance premiums have already been paid, with no further premium payments due on the policy.
has life insurance benefits been paid : group life insurance policy #4600 certificate #8525 Name William C Morgan
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.
The insurance policy and a certified, original copy of the death certificate. If the policy has been lost or misplaced, the insurance carrier can provide the appropriate "lost policy" form.
Its best to ask your grandmother, if possible. If your grandmother is no longer living, you may want to ask your parents if all of your grand-mother's insurance policies have been found and checked. If your parents are not sure where to look, you may want to ask them (if they have legal right) to look at your grandmother's bank statements. The bank statements may show payments to insurance companies and one of those may be a policy on you.
If it is your policy, call the insurance company. If not, you will have to have authority over the estate or person to get information on this due to the privacy laws.
By looking at any GAP Insurance Policy you purchased and looking at the dates to see if it is in effect. If you bought GAP Insurance, you would have been given a copy of the bogus GAP insurance Policy.
I got an auto loan 19 months ago with my grandma as the primary and myself as the secondary. I put credit life insurance on it, for a total of about $568 extra, raising my monthly payment about 9-10 dollars a month. When my grandmother passed away unexpectedly, I tried to file a claim but was denied because they cancelled the policy without notifying me. However, if this is true, they have been charging the bank for payments the entire time. To my understanding and with the research I have done, this is illegal? I asked the bank if I have credit life insurance on the policy, and they stated they I do have it, and it has never been cancelled. What can I do about this?
The policy that prohibits a defendant from limiting damages based on a plaintiff's receipt of insurance benefits is rooted in the principle of avoiding "collateral source" offsets. This doctrine maintains that a defendant cannot reduce their liability by arguing that the plaintiff has been compensated by an insurance policy, as this would unfairly diminish the plaintiff's recovery. The rationale is that the plaintiff has paid for insurance and should not be penalized for having that coverage when seeking damages. Ultimately, this policy aims to ensure that defendants are fully accountable for their actions without regard to the plaintiff’s independent financial arrangements.
No, the reason is that there could have been an accident or any other situation. An auto insurance policy must be in force it cannot be back dated.
Your beneficiary can collect benefits from your insurance policy if you commit suicide if, 1. Your policy provisions for payout in the event of suicide. 2. Your waiting period has been satisfied if stipulated by your insurance carrier and policy. Read your policy carefully and contact your policy carrier for assistance and clarity as it relates to your policy.