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Yes, the insurance company will pay the benefit amount to each beneficiary as named on the policy at the percentage listed.

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17y ago

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Can a family have separate auto insurance companies?

Yes


Can you file two separate claims for the same accident with different insurance companies?

No, you cannot file two separate claims for the same accident with different insurance companies. This is considered insurance fraud and is illegal.


Can I have 2 cars insured with different insurance companies?

Yes, you can have two cars insured with different insurance companies. Each car can have its own separate insurance policy with a different provider.


Is it possible to insure two cars with different companies?

Yes, it is possible to insure two cars with different insurance companies. Each car can have its own separate insurance policy with a different provider.


Is the beneficiary also the executor of the life insurance?

No. They are separate. Beneficiaries are those who are entitled to an inheritance. The Executor carries out the will. * A person(s) named as a beneficiary on a life insurance policy receives the money directly from the insurer. Such policies are not subject to probate procedure.


If insurance policy states one beeficary what happens with multiple people on a will?

Benefits paid from an insurance policy are separate from property that is left in a will. With an insurance policy, it is paid to the named beneficiary. That is not controlled by the wording of a will.


Why do insurance companies have multiple names?

they do this for the different types of products they sell. usually they have an insurance side and an ivestment side. they do this for liability reasons as each name is a separate entity under a larger umbrella. if one crumbles tho other ones stay intact and creditors cant come after the solvent ones that are left.


Is it possible for me to have two separate car insurance policies?

Yes, it is possible to have two separate car insurance policies for different vehicles or for the same vehicle with different coverage options. However, it is important to disclose this information to both insurance companies to avoid any potential conflicts or issues in the event of a claim.


How do you find out about the New Homeowner Mortgage Life and Disdability Insurance?

Marketing Life insurance and Disability insurance as Mortgage insurance is something that some companies will do simply to attract new home buyers.If you are looking to protect yourself and your loved ones in the case of an unexpected illness, accident or death than you should be looking at multiple options relating to Term Life insurance and Disability insurance. These are two separate products that do two different things and should therefore be purchase in two separate policies.There are a lot of insurance companies that offer these products. You should speak with representatives from those companies, or brokers who have access to the various companies in order to get more information. An insurance broker will be able to provide you with prices and products from various companies, and will make your search easier since you will not have to contact each company separately.The web has some excellent sites that can provide you with tons of information as well. Look around and try to find someone who truly has your best interest in mind. When looking at Disability insurance, be sure to work with a Disability specialist. It is a very detailed type of coverage, and should be fully discussed and understood prior to you buying.


Is construction insurance normally a part of the homeowners insurance policy or a separate policy?

Separate


If an insurance company is admitted does the state guarantee payment?

Virtually every state in the Union has what is called a guaranty association. There are usaually separate ones for life insurance companies and property/casualty companies. Guaranty funds provide for the payment of the claims, subject to some limitations, of insurance companies that have been licensed and admitted to do business in that state and are found to be insolvent. For more information you might go to the website of the National Association of Insurance Comissioners.


Does the definition of health insurance cover dental?

Coverage truly varies by the policy. Companies typically offer separate health and dental insurance, but there can be overlap. But usually health insurance does not cover regular dental visits like cleanings and fillings.