Not if the insured died and it was beyond the 2 year contestibility and suicide clause period.
You can contact the insurance company for a status paper of the policy to find out whether the policy was paid out or not.
In most cases the title company that closed your loan is the agent for the title insurance company, and can be contacted regarding insurance issued on your property.AnswerContact the Agency that issued the title insurance at time of closing. If an Owner's Policy was paid for, they should have issued you an actual insurance policy, complete with a Title Jacket and Policy Number. If you never received this and paid for one, request an original or a certified copy of it. The Policy will reference the title UNDERWRITING COMPANY that is insuring the Policy. ie: First American, Stewart, Chicago,etc. That is who the actual COMPANY. The agency only acts in behalf of the Underwriter and is not the actual insurer.
Virtually no insurance company offers a loan against a paid up policy - they thoughts are if you cant keep premiums up then you wont be able to keep loan payments up.
Usually the paid up certificate has the policy details on it and therefore the insurance company will be able to search their records to find the policy. If there is no policy details on the certificate it is still worth contacting the insurer as surely the certificate will have some sort of reference the insurer can use to locate the policy
Go to the branch office of the Insurance Company. Ask for a Status Report citing the paid up policy number and you will be able to ascertain the present status of the policy.
You can contact the insurance company for a status paper of the policy to find out whether the policy was paid out or not.
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.
I have a term life insurance policy that was fully paid in 1980. This policy is through Security Life Insurance Company of Georgia. How do I cash this policy in? I am unable to find the company !
If they refuse to sign the application for a claim, they will not be paid the proceeds of the policy.
Depends of the Insurance Company. Most of them YES if the bill is paid in the first 10 days.
How do I find out who has my policy I had with Commercial State Life INsurance Company
A life insurance policy becomes "fully paid up" when the company tells you no more premium payments are due.
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.
An insurance policy and a will are two separate things. The policy is a contract between the insured and the insurance company. The beneficiary of the insurance policy is spelled out in the contract. The insurance company will pay the insurance proceeds to whoever is listed to receive the proceeds. The proceeds from an insuranc policy can be paid into the estate of the deceased and disbursed according to the terms of the will. The issue is who is listed as being the beneficiary of the insurance policy.
The policyholder should contact the insurance company and cancel the policy - you might get a partial refund if the premiums are paid up-to-date!
once the insurance has paid out the policy limits that's it. they do have to defend their client if you choose to sue their client for further damages which you can do.
Insurance could become invalid and if any claims have been paid by the insurance company they could ask for that to be paid back to them.