The best thing to do is look up a couple of companies who offer life insurance, such as your bank, and many private insurance companies. Then explain to the agent your circumstance to see if you are covered under their policy, and to make sure you can afford to pay the premiums every month.
No, an accidental death would be covered by your life insurance policy.
The life insurance owner is the person who buys the policy and has control over it, while the insured is the person whose life is covered by the policy.
It is not important to have a life insurance policy.
The Policy Holder of a life insurance policy is the executor of the said policy.
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There are many policies offered by General American Life Insurance. These include the Variable Life Insurance policy, the Condo Insurance policy and the Boat Insurance policy.
A life insurance policy is "portable" when upon leaving the group policy, you transfer your life coverage to an individual life policy with the same insurance carrier with no changes to the policy or increase in premium.
One way to find a lost or missing life insurance policy is with the help of The Center for Life Insurance Disputes. They can help you locate policies that have been lost or forgotten about.
Technically, there is no insurance policy called as permanent life insurance. However, you can treat whole life insurance policy as permanent since the policy covered the whole life span of the policy holder and benefit is payable to nominee in the event of any eventuality of the policy holder.
Actually, whole life insurance policy other than endowment,single premia or ulip policy can be called ordinary life insurance policy.
NO.. unless the policy does not have nomination. Only nominee will get the proceeds of life insurance policy.
The policy date on life insurance typically does not change once the policy is issued.