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What else can I help you with?
Why Life insurance contract is not a contract of indemnity?
is fire insurance or medi claim (health ins) or motor insurance or life insurance which of them is a contract of indemnity
How long before you are vested for life insurance?
Your life insurance policy would pay out immediately after ratifying the contract
Is life insurance pay out taxable?
No it is not assuming the policy isn't a Modified Endowment Contract.
Can you take out a life insurance policy on a stepparent?
Only if you get written permission from them in a well stated contract.
Who is the principal in Insurance?
Most likely the insured.
Why Life insurance contract is not a contract of indemnity?
is fire insurance or medi claim (health ins) or motor insurance or life insurance which of them is a contract of indemnity
What are the roles of the principal and the obligee under surety insurance?
The principal is the party who agrees to perform an obligation. For example, a builder may contract to construct a building. The obligee expects the principal to fulfill a contract
How far contract of insurance are contract of indemnity?
all types of insurance is not a contract of indemnity because life insurance cannot b measured in terms of money , that is why it is not a contract of indemnity
Are you covered By principal mutual life insurance?
yes
What is the role of the surety in a surety insurance contract?
The surety, then, is the party which guarantees that either the principal will perform adequately or the obligee will be compensated for the principal's failure.
Who can legally change the beneficiary on a life insurance policy?
The Insured can change the beneficiary on a life insurance contract.
What must the language in a life insurance contract be?
English
Is inherited life insurance taxible?
The death benefit for life insurance is not taxable assuming it is not a Modified Endowment Contract.
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.
How long before you are vested for life insurance?
Your life insurance policy would pay out immediately after ratifying the contract
Who receives the death benefit on a life insurance contract?
The beneficiary.
What are liquid resources in a life insurance contract?
The Cash value
