Life Insurance

Beneficiaries will always collect 1st. Primary then contingent. If no one as named beneficiary is still alive, it would go the primary beneciaries survivors. The claims department of the insurance company will assist you. 4lifeguild

The owner generally has the right to transfer ownership of the policy, borrow against accumulated cash value, change beneficiaries, cancel the policy, convert the policy to another one that the company offers at the time of the desired conversion, change the amount of insurance, and exercise options to increase the amount of insurance.

There may be other rights that inure to the owner, and they will be enumerated in the policy. There may also be limitations on the rights of the owner, such as, pertaining to the right to change beneficiaries.

Sure it can, provided the court has sufficient proof to esablish doing so would be in everyone, particularly the children's best interest.

This might be possible, but if so it's done very, very rarely. I have never heard of it. A court might pressure the policy owner to change the beneficiary, but I don't believe they can force them to, or arbitrarily change it.

Yes, past years' question papers for the Associateship exams from the Insurance Institute of India are typically available online. You may be able to find them on the institute's official website or through other online resources. Make sure to verify the authenticity of the source from which you download the papers.

I don't have real-time data on the total number of people made redundant from work. It would be best to refer to official government labor statistics or reports from relevant sources to get an accurate number.

Information policy in a company helps to establish guidelines for how information is managed, shared, and protected. It helps ensure data security, compliance with regulations, and promotes effective communication within the organization. Information policy also outlines the responsibilities of employees in handling sensitive information and helps mitigate risks related to data breaches.

Ratios help us compare quantities and make sense of information by providing a relative measure or relationship between two different values. In life, ratios are useful in areas such as finance, cooking, construction, and sports, helping us in decision-making, problem-solving, and understanding patterns or trends. By using ratios, we can analyze situations, set goals, and make informed choices based on numerical comparisons.

You should contact the company. If they have gone out of business, their policies will have been taken over by someone else, so you should find out who. The state department of insurance should know, if you can't find out through any other means.

When you reach the age limit with term insurance, the policy will expire and coverage will end. Typically, the policyholder would need to either renew the policy at a much higher premium or seek alternative insurance options. It's important to review your insurance needs as you near the age limit and consider transitioning to a more suitable policy.

Some terminate, others will reduce the death benefit by one half. Still others will terminate at age 70 unless you want to continue with premiums costing thousands of dollars each month.

To check the status of an old policy, you can contact the insurance company that issued the policy and provide them with the policy number and any other relevant information. They should be able to provide you with information on whether the policy is still active or has been terminated.

Typically, life insurance coverage provided by an employer ends at retirement. Some employers, however, may offer the option to convert the group life insurance to an individual policy upon retirement, usually at a higher premium. It's important to check with your employer's HR department or insurance provider for specific details.

Sorry, no Insurance Company will oblige you and by issuing insurance policy on your 86 year old mother !Since her mortality rate is too high, it would be a risky proposition and therefore not permissible by law. You can opt for bank F.D. or postal products where life coverage factor is not involved.

To verify if an old life insurance policy is still valid, you can start by locating the original policy document. Review the policy to check for the coverage amount, policyholder information, and any expiration dates. Contact the insurance company directly to inquire about the policy's status and confirm if it is still active. If you are unable to locate the original policy document or contact the insurance company, you may need to hire a professional service to help track down the policy details.

As long as the child decided to keep the life insurance once they reach 18, the coverage lasts their whole life. The Grow Up plan provides customers to keep the insurance as long as they would like to and does not increase fees over the years.

It may be difficult to obtain life insurance for a 93-year-old due to their age and potential health risks. Insurance companies typically have age limits for new policies, and premiums may be very high or coverage options limited for individuals in this age bracket. It's recommended to consult with insurance providers to explore available options.

No where in the world you get life insurance after 85, however LIC's whole life Jeevan Tarang Policy provides maximum life cover upto 100 years,though max age at entry is 60 years and max. age at which premium payment ceases is 70 years.

The term that best describes a collection of programs created in 1935 for old age, survivors, disability, and hospital insurance is "Social Security." It was established in the United States by the Social Security Act as a federal safety net program to provide financial support to individuals in need.

If the 87 years old has a plan for funeral expenses, estate fees and taxes, then no.

Final expense policies can cover some of these expenses if there is no other source to pay for these expenses.

It appears that Prudential Retirement Insurance and Annuity Company acquired some of Connect General Life Insurance Company's pension business, which may have included the pension contract for United Technologies Inc. You may need to refer to the specific terms and agreements of the transfer to confirm.

Limiting the age of superannuated contracts refers to setting a maximum age at which a contract can be in effect. This could mean that a contract will automatically terminate or become void once the specified age limit is reached. It is a way to manage risks and uncertainties associated with entering into long-term agreements with individuals who may reach a certain age where their ability to fulfill contractual obligations could be impacted.

Its best to ask your grandmother, if possible.

If your grandmother is no longer living, you may want to ask your parents if all of your grand-mother's insurance policies have been found and checked. If your parents are not sure where to look, you may want to ask them (if they have legal right) to look at your grandmother's bank statements. The bank statements may show payments to insurance companies and one of those may be a policy on you.

No. I don't think any insurance company will give a fresh insurance policy to someone that age. Most insurance company's have an upper cut-off age for policies which is around 50-60 years. Anyone above 60 years age has a very good probability of natural death and hence insurance co's wont sell policies to those people. Since your granny is 95 years old, the chances of getting a policy is 0%.

No. I don't think any insurance company will give a fresh insurance policy to someone that age. Most insurance company's have an upper cut-off age for policies which is around 50-60 years. Anyone above 60 years age has a very good probability of natural death and hence insurance co's wont sell policies to those people. Since the person under consideration here is 93 years old, the chances of getting a policy is 0%.

It may be challenging to obtain a new life insurance policy at age 84 due to advanced age and potential health risks. However, some insurers may offer limited coverage options such as guaranteed issue or final expense policies that do not require a medical exam. It's recommended to consult with an insurance agent to explore available options.