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What else can I help you with?
Can variable universal life insurance be converted into a fixed account?
Variable universal life insurance is not an account. It is a policy that invests in separate accounts in an attempt to earn higher returns than a fixed policy. A variable universal life insurance policy can be converted into a different type of life insurance policy but not a different kind of account.
What is Limited pay life insurance?
The policy-owner will pay the premiums for a specific number of years, maybe 20 or 30, while still getting the guaranteed face amount of the policy upon death. The policy-owner may also set up the policy to be paid off completely by a certain age, such as 65. This type of policy is usually more expensive because the insurance company has to be able to build up the cash value in order to fund the policy.
Does your policy have cash value?
A life insurance policy may have cash value if it is a "whole life insurance policy". This is a kind of life insurance, distinguished from "term" life insurance, that accumulates cash value for the period that it is in force and premiums are paid. Each premium paid goes to pay the cost of "indemnity" (the death benefit), the administrative costs incurred by the insurer, with all or a portion of the remainder going into the cash value. The cash value element of the policy is SOMEWHAT like a savings account within the policy. It grows slowly at first but faster as the policy matures. When a sufficient amount of cash value has accumulated, policy loans from the cash value are usually allowed per the terms of the policy. The loans bear interest at a rate provided for by the policy. Term life insurance does not accumulate cash value.
How much on average would it cost to buy a life insurance policy on your mother?
There are too many variables to give you an "on average". How old is your Mom? How much insurance? What kind of insurance? How is her health? And most importantly, will she sign an application? I can help. 4LifeGuild
What kind of life insurance policy creates a loan on the policy?
Apparently I took out a life insurance policy with Prudential which use's my annual payment to cover some sort of loan. I try calling them but no one seems to know what I am talking about. I tried the agent, he told me to call the company, they told me I took a loan back in 1989, however I never received any money, but have noticed the payment is what seems to be bringing this graduated payment down, so now I am really confused, can you help me?
Does insurance company have to tell you if you are named in insurance policy?
They can only give that kind of information to the owner of the policy
What kind of life insurance policy offers the option to surrender the insurance and regain some of the cost of the policy?
Term Life Insurance
Where can you get a graded life insurance policy?
A graded life insurance policy is a kind of whole life policy. Unlike the typical kind of whole life, a graded policy starts out with lower premiums, which increase, usually yearly. Therefore, in the early years of this kind of policy, they premiums are lower than in a customary whole life policy. This kind of policy is sometimes called a "graduated premium" whole life policy. Many life insurance companies sell this kind of policy, but this is not a forum in which to recommend one. You should go to a licensed life and health insurance agent or broker who can assess your needs and assist in finding an appropriate insurer. Be sure that the insurer is authorized (licensed) to conduct business in your state.
What does a 27 year old pay for life insurance?
It depends on how much insurance you want and what kind of policy you are taking. For ex: If it is a pure term insurance policy, a person of that age pays approximately Rs. 15,000/- per year for a 50 lakh coverage while if you want an endowment policy where your invested amount will be returned if you outlive the policy term, for 15,000 per year you may get only around 5 lakhs or so coverage. There is no one shot rule based on age. The amount depends on how long your policy is, the type and the amount of coverage you want.
Do term insurance policies have a double indemnity clause?
Some do, some do not, You just need to read your policy language or ask your insurance agent what kind of policy you bought.
Is A property or liability insurance policy a business or liability contract?
A property is not a contract or a business. A liability insurance policy is a kind of contract but not a business. the answer is b...
Days of grace for insurance?
It depends on your state, line of business (kind of policy) and the reason. Your insurance policy will tell you, and if you aren't sure, contact your agent.
Does mobile home insurance cover flooding?
Usually flood insurance is a separate policy, for mobile homes or any other kind of home. Check the details of your policy, but normally flood insurance requires a separate policy or rider.
How do you trace an old policy?
Hey its just need your policy number.. With your policy number you can trace any kind of policy .... so if you want information for your old policy get your insurance company and give them your policy number they will surly help you....
Does homeowners insurance cover a barn if their are animals in it?
It may, it really just depends on what kind of insurance policy you bought and whether your policy is a Farm and Ranch type policy or if you have the barn scheduled as a covered structure or not.You should contact your insurer or your insurance agent for clarification of your policy coverage.
Can you drive your friends leased car on your fully comp insurance?
ABSOLUTELY NOT. You cannot insure a vehicle that you do not own on your insurance policy no matter what kind of coverage you have. Your insurance policy will not pay anything even if you have added the vehicle on your policy without their knowledge.
The coverage included in an automobile insurance policy that covers property damage is what kind of insurance?
Liability Insurance
