Life Insurance

I assume you mean how can I check if the policy is in force, in danger of lapsing, or cancelled for lack of payment. I would simply call your agent and/or the insurance company's customer service.

In recent years "STOLI" coverage has diminished greatly. Several years ago, someone previously unknown ("the stranger") to a potential insured initiated an application for coverage with an older applicant. Once covered, the insured is offered a sum of money to sell the policy never needed in the first place. Thus, leaving the death benefit to the now new owner of the policy who would then collect the death benefit once the senior had died.

Obviously, insurance companies took a very dim view of this practice, and various state have enacted laws preventing this type of transaction. In addition, may applications for coverage now ask questions of both the agent and the potential insured about the nature of the coverage and if money has or will change hands due to this proposed policy.

You are to cleverly use the platform to market life insurance products. First of all, you are to highlight your bio-data viz., how long you are associated with life insurance business, name of your insurance company, your stature and so on. At the second stage, the products of various age groups that your insurance co. are having should be properly shown. When number of prospects have grown, do make personal contacts over phone or visits, for the deals to materialise.

Most term life insurance policies do not have cash value unless the are "return of premium" type policies. Cash value is generally a part of whole life and some universal life policies. The latter policies are designed to accumulate cash for use as the policy matures. Generally, whole life endows at age 100 when the cash equals the death benefit.

Cash value policies should be examined by your financial adviser (CPA) to make sure they will accomplish their goal.

Guaranteed acceptance life insurance is as its name implies, its available to anyone generally up to 80 or in some cases 85 years old.

There are no health questions asked. Unlike other coverage, death from an accident is covered in the first 2 years of the policy. Thereafter, death from any reason will result in payment to the beneficiary. If the insured passes away during the first 2 years, all premiums and some interest will be paid to the beneficiary.

There is also coverage called graded benefit life which will pay a percentage of the death benefit during the first 2 years as well.

This type of coverage is always subject to changes with new carriers coming into the market so it's a good idea to check with an independent life insurance agent before making a commitment.

Pension plans aim to build retirement corpus and therefore it is very important to know and understand the importance of retirement planning. Retirement planning is the most important goal of every individual and no one can ignore the importance of the same. For Buy Pension Plan :

If there are more than one claimant in a life insurance policy, all of them are to make claim for the pay out.

The company pays the surrender value and have no further obligations to the policy owner under Cash surrender

Whether or not a life coach accepts insurance for his or her services depends upon the terms of your engagement with him and her. More importantly, it depends upon whether your insurance considers the services of a life coach covered under the terms of the policy.

• It's a very wise question. Because life insurance is a contract between the insured and insurer by virtue of which the later agrees to pay the agreed sum in the case of any eventuality of the insured. Treating life insurance policy as an investment is superfluous in the sense that it serves the dual role as compensation against loss of life vis a vis as an investment instrument,
  

It depends on the policy and the specific circumstances surrounding the accidental drug overdose. Some life insurance policies may have exclusions for deaths resulting from drug overdoses, especially if the overdose was intentional or related to substance abuse. It is important to review the terms and conditions of the policy to determine if accidental drug overdose is covered.

homeoffice or agent

Can Medicaid sieze the benefits of a life insurance policy

which company took over Independence Life & Accident Ins. Co., Louisville, Ky?

Each state has different regulations, so always refer to your carrier's compliance department before completing an application. In many if not all states, you must either provide an illustration to the applicant or he/she must sign a document stating that either you have shown him/her nothing or an illustration on a computer screen.

On delivery, the applicant must almost always sign and illustration. This protects the agent and carrier as much as it protects the buyer from misunderstandings, so it's a good idea to walk your client through illustrations to make sure he/she understands what is being delivered.

The following answer is based upon a few assumptions, but the way that the question was asked requires that they be made. When one is a minor (usually, under 18) you do not have the "capacity" (a legal term) to bring a claim in your own name. Therefore, someone, usually a parent or guardian, asserts it on your behalf. The claim may be settled without a lawsuit, or at any time after a lawsuit has been filed. Alternatively, if the other party to the claim was unwilling to settle, you may have gone to trial and been awarded a sum of money.The proceeds of the claim (the money paid by the other party or the insurance company for the other party) either pays the money to your parent/guardian on your behalf and they take the responsibility of taking care if it, such as by investing it. Sometimes, the insurance company proposes to keep the money and invest it for you in some kind of instrument the bears interest or otherwise increases in value. I assume that the reason your question stated a range of amounts that you would get when you turned 18 is because it was represented to you that you would receive a minimum of $9,000 up to a maximum of $18,000 when you would no longer be a minor. The minimum-maximum amounts may be based on the expected return of the investment(s) made with the proceeds of your claim.Ordinarily, the funds would be paid to you or to your parents/guardians at that time. Barring unusual circumstances, the funds are yours and you can decide what to do with them. Note, though, there may be complexities and circumstances that you have not stated that may alter the outcome. This is intended only as a broad overview and based upon certain assumptions which may or may not apply to your situation.

If a lawsuit was filed for your injuries, it would have been filed by your parent or guardian. This is because, as a minor, you did not have the "capacity" to do so. The parent or guardian has the obligation to keep the money for you until you reach the age of majority (usually 18) in your state. In the meantime, the parent or guardian is usually empowered to use a portion of the money, as reasonably needed, for your welfare. Beyond that, you do not have the right to access the money while still a minor.

There are a few ways to approach this, including:

1. If she had a Will, the attorney who prepared it may know.

2. If she had a specific place where she kept important documents, it may be there.

3. If she had an attorney who otherwise attended to her affairs he/she may know.

4. If she kept canceled checks or checkbooks, they can be reviewed to determine whether premium payments were made from the account.

5. If she had an accountant, he/she may have information.

6. If she was employed, particularly in fairly recent years preceding her death, she may have had life insurance through work; contact the Human Resources department of the employer.

7. Contact other living relatives to determine if she spoke of it.

The date of commencement should be the effective date of the policy only.

It is written in your document. Take a brief look at your document. It is mentioned there.

If you do not have the policy, since travel insurance policies are often sold by travel agents, contact the agent for information. At the least, the travel agent will have a record of the insurer with which it works for travel insurance and should be able to put you in contact with it.

Life Insurance Corporation of India (LIC) is the largest insurance group and investment companyin.

my husband had life insurance policies in force when he passed away in 2012,but I cannot find any since I don,t have the policy number

thanks,

sherry ann young

Contact with insurance company.For Example, Suppose you have a Max life insurance, you don't know the current status of that policy, so , you have to contact with the Max life insurance company. I would like to suggest one thing, whenever you are planning to buy life insurance, purchase from online.Now a days, most of the companies like Bankbazaar.com, are offering life insurance online, where you can compare policies, calculate the premium and pay premium online.It's easy to get and time consume also.I always prefer online policy.

If such a scenario arises and you have objection to it, bring the matter to the notice of the official concerned of the branch office of the insurance company concerned in writing for their immediate needful action.

A policy loan is available only against a whole life policy, not a term life policy. Whole life accumulates cash value and a term life policy does not. The insurance policy will specify the interest rate that will accrue on the loan. The loan does not have to be repaid, but interest will continue to accrue if it does not. The insurance company will permit only a specified percentage of the cash value to be borrowed, and there must be a sufficient accumulation of cash value to a policy loan to be made. You should contact the insurance company directly to make arrangements for the loan.