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Which insurance policy is considered primary if I have two policies?
If you have two insurance policies, the policy that is considered primary is typically the one that pays benefits first before the secondary policy.
Is an insurance policy a primary security?
Yes
How are primary and secondary insurance determined?
It is usually written in an insurance policy if the policy is primary or secondary. If both policies have language that makes them secondary if other insurance is present then they may split the amount owed. State laws may change this.
Does the company Prudential offer financial life insurances?
The company Prudential does offer financial life insurances. According to their website they offer both temporary and permanent life insurance policies. Factors such as one's budget, age, and term may help determine which policy is right.
What is a beneficary?
A Contingent or Secondary Beneficiary will receive the proceeds from a life insurance policy after the Insured's deaths, if the Primary Beneficiary does not survive the Insured Person. This means, if the primary beneficiary is not alive at the time of death of the insured person, then the contingent beneficiary will receive the proceeds from the life insurance policy. Examples of situations which may give rise to the contingent beneficiary receiving the proceeds from a life insurance policy. 1. The insured and primary beneficiary die in an accident together, for example, a car accident. 2. The primary beneciairy dies, and the insured forgets to update the beneficiaries for his/her life insurance policy.
What does primary and non-contributory mean on gl?
Primary and non-contributory means that primary insurance is responsible for covering a loss first without contribution from any other insurance policies. If a policy is listed as primary and non-contributory, it takes precedence over other policies in the event of a claim.
Can I have two primary beneficiaries for my insurance policy?
Yes, you can have two primary beneficiaries for your insurance policy.
Which holds precedence a will or the beneficiary on the life insurance and the IRA's?
A life insurance policy and IRA's are contract documents and are not subject to the will.
What is one of the best motor cycle insurances?
The best place to go for insurance on your motorcycle is to check locally. Start by contacting your personal insurance company that hold your auto insurance policy and this way you can apply for a multi-policy discount.
Which insurance policy is considered primary if I have two policies?
If you have two insurance policies, the policy that is considered primary is typically the one that pays benefits first before the secondary policy.
If you and a spouse have different health insurance but have never designated one as primary or secondary could this cause problems when you do designate primary or secondary?
If you have insurance through your employer, and you are the policy holder,(the insurance is in your name) this insurance will be primary for you, and your spouses insurance policy will be secondary. The insurance policy thru your spouse's employer, (your spouse is the policy holder, or the insurance is in their name), this would be primary for your spouse, and your policy would be their secondary. Here's the phamplet from Medicare http://www.medicare.gov/Publications/Pubs/pdf/02179.pdf
Is an insurance policy a primary security?
Yes
Can a child have two insurance companies listed as primary for example the child has a policy of his own and his parent has a policy through their employer?
No, a child cannot have two primary insurance policies. Typically, one policy will be considered primary, and the other will be secondary. The primary insurance is responsible for covering expenses first, while the secondary insurance may cover additional costs not paid by the primary policy, subject to coordination of benefits rules. It's important to check with both insurance companies to determine which is primary based on factors like the child's age and the parent's policy details.
Do you have to be added to your parents insurance policy if you are primary driver of one of their vehicles and you have insurance policy of your own?
yes, simple as that.
Will a misspelled name on the death certificate affect claiming life insurances?
I misspelled my wife's name (beneficiary) on life insurance policy. What I can do?
What are types of beneficiaries of an insurance policy?
Primary and Secondary
Which of types of beneficiaries in an insurance policy?
primary and secondary
