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Ex-girlfriend has a life insurance policy on you What happens to the policy now that you aren't together anymore?
If the ex-girlfriend is the owner of the policy (she pays the premiums) then she is the only one who can change the beneficiary. However, most insurance companies do not allow someone to take out a life insurance policy on someone they do not have a reasonable connection to. One cannot take a policy out on their teacher, best friend, third cousin by marriage twice removed, etc. Life insurance policies generally are only approved for spouses, children, and key employees in a business. However, insurance is controlled by the Department of Insurance in each state, and thus are governed by their own regulations. Since she was able to get the life insurance policy in the first place, she will probably be able to collect on that policy in the event of your death. Like I said though, it is different in every state, and my license is only in Ohio, so you would have to contact that particular insurance company to find out their laws. (as you are not the owner of the policy, it may be difficult for you to be get any personal information about the insurance covering you, but you may be able to get general questions about that state's laws answered.)
What else can I help you with?
What happens at the end of a term life insurance policy?
At the end of a term life insurance policy, the coverage expires and the policyholder no longer has insurance protection.
What happens if the damages in an accident exceed the insurance coverage of the person at fault?
You need a life insurance policy to cover the risk of death and a health insurance policy as a cushion against hospitalisation expenses. Buy Personal Accident Insurance Coverage :
What happens if you don't respond to an insurance claim?
If you don't respond to an insurance claim, the insurance company may deny the claim or delay the processing of the claim, which could result in a loss of coverage or benefits for the policyholder. It is important to respond promptly to insurance claims to ensure a timely resolution.
Is it necessary to purchase mortgage payment protection insurance when buying a home?
"Mortgage payment protection insurance is essentially a form of life insurance. If something happens to you, your mortgage payments will be covered under the terms of your insurance plan. This insurance is definitely not necessary, and, in fact, a more standard plan like term life insurance may get you a better value for your dollar."
What happens if you pay your car loan so it doesnt get repossessed but you dont have insurance?
Your car finance company will add their own insurance that covers their vehicle, but not your liability. ANd it will significantly increase your payments. It would be so much cheaper and better protection for you to find your own insurance. Park it until you get insurance.
What happens when both drivers have no auto Insurance?
Then they have a choice to not drive anymore, or pay a lot to fix their car.
What happens when you missed a payment and your insurance lapsed?
It so happens that you have no insurance
What happens when a pencil is not useful anymore?
Nothing happens.
What happens to the particles in a solute whenever they dissolve?
they really dont dissolve they just squish together so much because the particles want to get together and then you cant see the particles anymore
What happens if an accident is your fault and you have have insurance?
When this happens, your Insurance company pays for damages. If the accident is your fault, your insurance rates can go up.
What happens if you in an accident and you have expire license and no insurance?
no insurance + jail
What happens when your car insurance is cancelled by the insurance company?
What happens is that you get a new insurance policy, possibly with another insurer. Any unearned premium will be returned to you by your insurer.
Will your insurance company find out if you bought a new car?
No, they won't know, but you will be wasting money insuring a car that's not yours anymore. If anything happens in your new car, your out of luck. I went from a Dodge Durango to a Mercedes Benz and my insurance didn't go up. Just be honest and tell them.
What happens if you total your car and have gap insurance?
if your car is worth 10k and u own 20k and your car gets totaled, your car insurance will cover 10k for what your car is worth and cap will cover the rest. you wont get any money but you also wont have any monthly payments anymore.
What happens when the fuse plug goes out?
it will not work anymore
What happens if you have no insurance and you totaled your car?
you will have to pay a debt and GET CAR INSURANCE
What happens if your boyfriend still likes his exgirlfriend?
You can talk to him about him liking his ex. It might be the case that he is missing her. If she does not come back you can give all your love to him.
