Life Insurance

A reinforced endowment policy is a type of life insurance policy that combines elements of both endowment and whole life insurance. It offers both savings and protection benefits, with the insurer potentially adding bonuses to increase the policy's value over time. This can provide additional growth to the policyholder's savings component.

My father recently passed away and I found some old polices among his papers. I would like to know if they are of any value. Please contact me at dbwinfall@earthlink.net. Thank you for your attention to this matter. Deborah Bobbitt

Someone who is superannuated is usually well beyond the age of retirement. In the United States, it would likely be someone older than 85 years old.

The word superannuated means old or outdated.

Antonyms would be fresh, new, young, or modern.

Someone over 50 may be able to qualify for life insurance coverage. The chances may be good It depends on your personal situation.

Life insurers consider several factors when offering you life insurance, including your age, health, family health history, occupation, hobbies, height-to-weight ratio, smoking, medication, etc.

Depending on your health, you may be able to qualify for life insurance. You may want to compare rates for life insurance from several insurers before choosing a plan.

If you do have health problems, there are guaranteed acceptance life insurance plans available, but these will cost a lot more than fully underwritten life insurance which requires a medical exam. And, the amount of life insurance available may be limited to around $30,000.

"Superannuated" refers to someone who has reached the age when they are eligible to receive a pension or retirement benefits, usually around the age of retirement. It can also describe someone who is outmoded, obsolete, or no longer useful due to their age or experience in a particular field.

Yes it seems. Think of a situation where parents are either not surviving or deserted their children and it is the grandfather who is the only surviving responsible member to take care of grand child then it may be presumed that grand father is carrying an insurable interest in grand child as being the nearest in blood propenquity.

Surjit.

The age cut off for qualifying for long term life insurance varies depending on the insurance company, but it is typically between 75-85 years old. Applicants over this age may find it more difficult to qualify and premiums may be significantly higher.

The value of a 60-year-old MetLife insurance policy would depend on the type of policy, its coverage amount, any accumulated cash value, and the terms outlined in the policy contract. It would be best to contact MetLife directly or review the policy documents to determine its current value.

Life insurance proceeds are typically not subject to income tax when paid out as a lump sum distribution. However, if the policy has accumulated cash value that exceeds the premium payments made, the excess could be subject to taxation. It's always best to consult with a tax professional for advice specific to your situation.

You can typically request a claim form by contacting your insurance provider directly either through their website, customer service hotline, or by visiting their local office. Simply explain that you have had the policy for 20 years and need to file a claim. They should be able to guide you through the process and provide you with the necessary form.

You can try searching online for historical records, contacting the Michigan Department of Insurance for archived information, or reaching out to local historical societies or libraries in Battle Creek for possible records on 20th Century Guardian Life Insurance Company.

The factors that help maturing a person include responsibility, environment, and the overall support that they have around them. A person matures with age as well. Maturity is all about mindset and ability, as well as willpower.

To check the status of an old policy, you can contact the insurance company directly either through their customer service phone number or online portal. Provide them with the policy details, such as the policy number and your personal information, and they should be able to provide you with the current status of the policy.

Each insurance company has different age categories. Some companies issue to age 70, some 80. Different companies will require different testing for applications based on your age. The pricing changes, however, every year older you are.

The Product Profile for Life, also referred to as the PPfL, is an XML standard created by ACORD to define the details of a life insurance product. The ACORD Life, Annuity & Health XML Standards actually define it as a tc=1201 Policy Product Transmittal record.

You should be able to get a look at the ACORD specification on the public section of the ACORD web site http://www.acord.org

Before an insurance company can sell insurance in a certain state, it must register with the State Dept of Insurance. If the company is sold, then it must notify the Dept of who it was sold to. If it just closes down, its policies were likely sold to another company, the Dept will have to be notified of that as well.

Contact the MO Dept of Insurance and inquire there.

There are few companies out there that would insure someone of that age and you would most likely be restricted in death benefit to that of a Final Expense poilcy and the premiums that would result but they are available, some are ven guaranteed issue. For quotes on various different companies you can call toll free 866-403-1316

A number of life insurance companies will offer life insurance coverage up until the age of 90, depending on which state the life insurance policy will be issued.

Some things to note about older age underwriting:

Each life insurance company has its own set of underwriting guidelines, some are more strict than others. It is critical to understand the underwriting requirements BEFORE you apply for life insurance.

Examples for Age 76:

Some companies will require a treadmill stress test for age 76, while other life insurance companies will require a simple resting Electrocardiagram.

Some life insurance companies now test prosposed insureds for dementia by having the insured complete a "clock drawing test" or "word recall test"...Other companies won't test you for any of these.

Some companies will require an insurance exam performed by an MD, while other companies will accept a simple paramed exam performed by an examiner.

Any competent life insurance agent should be able to tell you the requirements before you apply for life insurance so you can decide beforehand if you want to apply to certain companies.

You can try contacting the current provider of Metropolitan Life Insurance (now known as MetLife) to inquire about the old policy. Provide as much information as you can, such as policyholder name, policy number, and any relevant details about the policy. Additionally, you can search through personal records or contact any known insurance agents or legal representatives who may have insights into past policies.

Old Southern owned Georgia Life and Health. This company's CEO was Roy Epperson. It went bankrupt in 1987.

Before an insurance company can sell insurance in a certain state, it must register with the State Dept of Insurance. If the company is sold, then it must notify the Dept of who it was sold to. If it just closes down, its policies were likely sold to another company, the Dept will have to be notified of that as well.

Contact the IL Dept of Insurance and inquire there.

There are websites that list many companies that have been sold and are now under a new name. You may also find them by contacting the Insurance Board in the state where the policy was written.

See attached link for more help.