Life of Georgia was purchased by Jackson National Life Insurance Company. Life insurance companies do not go out of business, they always merge or are purchased by another company. Jackson National Life is a large and well respected insurance company and is one of the biggest especially with Independent Insurance Agencies. You can look up both of them on the internet. Life of Georgia has a website at lifeofgeorgia.com, and that's where I would go first. It should be relatively easy if you have the policy number and are the beneficiary. For full disclosure, I own and operate a small Independent Insurance Agency in Georgia and have for the past 22 years. I also worked for a direct writer for the 3 years before that.
Yes, you can turn in the policy and receive the cash value. However, the amount of money you receive will depend upon your age, how long you have had your insurance and the policy's benefit amount.
Old Southern owned Georgia Life and Health. This company's CEO was Roy Epperson. It went bankrupt in 1987.
You can contact the GE Pension Benefits Center by calling their customer service phone number or visiting their website for more information on how to reach them.
You can get in touch with a senior life insurance company by visiting the Senior Life Insurance Company website. Once on the page, click on "Contact" in the top right-hand corner to bring up the information.
A type of insurance that pays a benefit upon the death of an insured person Life insurance means providing financial protection for your family at a time when they need it the most. It means having foresight and protecting your family against the uncertainties of life. Term life policies are the most popular as they provide maximum death benefits against cheap premiums. If you have dependents and debts to pay, you may want to consider life coverage for your loved ones.
I have a insurance from federal group life insurance retirement plan .I like to know if they are in business
No
The beneficiary is the only one that can collect benefits unless otherwise specified in the policy such as a rider.
No, suicide is an exclusion where a death benefit is concerned.
If the insurance policy is older than two years of contestability period, then a benefit will be paid to the beneficiary.
what happened to Life Insurance company of Georgia
No, if the life insurance policy is less than two years old. Some insurance companies would not pay at all in case of suicide. It all depends on the conditions in the life insurance policy.
The person who is eligible to collect life insurance is the beneficiary. Anybody can be named the beneficiary. There are steps that need to be taken before a person can collect.
it depends how they died
If you are the beneficiary of a life insured person who committed suicide, and the policy was older that two years (depending on what company and state), then yes.
Generally no life insurer entertains payment against suicidal death.Hope, this will clear any ambiguity in this regard.
Most life insurance carriers have a 2 year "suicide clause" that protects them paying benefits from a policy whose owner killed himself. The state of issue has nothing to do with it, only the time period the carrier sets.