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What else can I help you with?
Can you buy life insurance on anyone?
Not anyone. You have to prove insurable interest on that person and they have to sign that it is alright for you to own life insurance on them.
How do you get insurance money?
Insurance money is paid when you make a valid claim against the policy and can prove why the situation falls under the terms of the policy---whether it is Life Insurance, Car Insurance, Accident Insurance, Travel Insurance, etc. Call the Insurance Company for exact details.
Can an ex partner take out life insurance for the partner if they wasnt mairred?
You can take out a life insurance policy on anyone, regardless of marriage or blood line, AS LONG AS you can prove that their death would be a financial hardship for you. So if ex partner is giving you child support, then yes you can take out a policy.
What documentation is required to prove that the birth of a child is a qualifying event for a change in health insurance coverage?
To prove that the birth of a child is a qualifying event for a change in health insurance coverage, you typically need to provide a copy of the child's birth certificate.
Underwriting process calls for the applicant to be able to prove an insurable interest?
At the time of Application
Is there a statute of limitation on collecting monies from a life insurance policy?
no there is not. If you can prove who you are and that you are the beneficiary, the Insurance company sometimes pays interest on the money owed.
Can i get a life insurance policy on my gransparents?
Yes. You can own a policy on your grandparents assuming they are insurable. Anyone can own a policy on someone else as long as you can prove insurable interest.
Is alcohol poisoning break a life insurance policy?
Only if the insurance company can prove that it was suicide.
What are the difference between the Insurance policy and insurance certificate?
The insurance policy is the product you have purchased, it has lots of definitions, clauses and limitations. The insurance certificate is issued to you so that you can prove to a third party (eg the police if it is for auto insurance) that you have a valid insurance policy.
How do you get off someones insurance policy?
Prove that you live somewhere else and have your own policy or change policies
Can a son take out life insurance policy on his 75 year old mother?
Why not? Of course, especially if there is an "insurable interest." Just by virtue of the family relationship, this would be allowed as long as the amount was justifiable (financial underwriting).
Can you buy life insurance on anyone?
Not anyone. You have to prove insurable interest on that person and they have to sign that it is alright for you to own life insurance on them.
How do you get insurance money?
Insurance money is paid when you make a valid claim against the policy and can prove why the situation falls under the terms of the policy---whether it is Life Insurance, Car Insurance, Accident Insurance, Travel Insurance, etc. Call the Insurance Company for exact details.
Can someone else get burial insurance on you?
Yes. However, there are some things to note. Burial insurance policies for someone else will generally mean that you have to prove what's called an "insurable interest". You have to prove that their death will leave you out of pocket if you don't have this insurance policy, not so that you can make a profit and retire to the Everglades. If you can prove that you will be responsible for paying for the funeral after their death which is going to leave you $15,000 or $20,000 out of pocket (which you probably don't have spare lying around) then you will be able to buy a burial insurance policy on their behalf for this amount, but they've got to sign for it so you won't be able to keep it a secret. You'll pay the premiums and be the beneficiary of the policy after their death so that you can sort out all funeral and burial expenses without having to worry about it.
How do you prove you have a Metropolitian Life Insurance policy?
Most companies will send you a policy confirmation letter. If you can not locate that, contact the company via phone, email, or log into your account to obtain your documents. Most insurance companies are happy to get you a copy of your insurance policy. That should serve as legal proof.
I am the payer on several policies but company won't give me any information on policy because I am not considered the policy holder what should I do?
Have the Insured person name you as the Owner. This might involve the agent and a notary and yourself. Check with the agent of record on each policy to see what is involved in transferring ownership or contact the home office. If you are listed as the beneficiary of these policies you might have to prove an insurable interest.
Is there a recourse for a wife of 23 years to claim a life insurance policy that has the ex wife as the beneficiary?
Not if the ex-wife has any insurable interest in the ex spouse. If you could prove that the ex no longer had any insurable interest, and did not pay toward the policy itself, then it might be possible to challenge it in court. It would be a very difficult case to win in any case, because the owner of the policy had the ability for years to change the beneficiary of the policy and did not exercise the option, and it is impossible to know what their wishes were.
