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Life Insurance
Life insurance refers to a contract between the insured and the insurer, where the latter agrees to pay a beneficiary a specific amount of money upon the death of the insured.
5,531 Questions
How do you know policy status by name?
Policy status can be had by first name and/or by title,when you don't have policy number in question.
What happens if someone has LIFE insurance on you and they die?
what you gonna do when i kill ur familyy and ur nan!
Is there a First American Life Insurance Company?
No, but there is a First United American Life Insurance Company
Is it best to borrow or surrender the cash value in a universal policy?
That depends on whether or not you wish to continue having the life insurance in force at the insured's death. If you wish to have the life insurance in force at death, then it is best to borrow some of the cash value. If you surrender the policy, then you receive all the remaining cash value (less any surrender charges), but the death benefit is no longer there. Also the cash value received MAY be taxable.
Does the Philadelphia Life Insurance Company still exist?
No, Philadelphia Life Insurance Company merged into Conseco Life Insurance Company in October, 1998
How do you find out about a Glacier National Life Assurance Company policy?
The address for Glacier National is 505 Burrard Street, Suite 980, Vancouver, British Columbia, Canada. Telephone: 604-684-2554
What is group life assurance policy?
A group life insurance policy is an employee benefit program. The employer is the contract holder, and the lives of the employees are insured. If the employee leaves the company the coverage may or may not be convertible to an individual policy (one owned by the former employee, rather than the employer).
What is considered a prepaid insurance?
Actually, single premium policies can be called as pre-paid insurance policies, where premias are paid one time and the policy holder need not to pay any further premia till maturity.
Does MetLife Term Life Insurance require a physical from a doctor?
Yes, as of March 2014, MetLife Term Insurance does require a physical from a doctor.
How can one get annuities insurance?
The annuities can be received in the form of monthly,quarterly,half yearly, and yearly options.
Do you put life insurance payout on as income on tax papers?
Generally speaking, the death benefit payout of a life insurance policy is not taxable from a federal tax standpoint, and usually not taxable from most states. I suggest you check with your state insurance department.
How old can a parent be for a person to get life insurance on them?
Assuming the parent is an adult, most life insurance companies will issue policies on someone as old as age 75-80.
What is the average monthly life insurance payment in the US?
This is a very difficult question to answer. Life insurance premiums are calculated on three main factors, they are:
1. Mortality factor: the death rate in a given population of the area in which an applicant lives. Companies use these mortality tables to help predict life expectancy and probability of death in any given group.
2.
Interest factor: insurance companies' like their premiums paid annually, so they may invest that premium in an attempt to earn interest. (this interest is one of the ways an insured may lower his/her premium rate)
3.
Expense factor: insurance companies are like any other business, they have operating costs which NEED to be factored in when determining a premium for an applicant. An example of making your premium higher: say instead of the standard annual payment you choose to pay quarterly. The company will then need to pay more people and receive additional charges and bills for collecting your four payments. So in simpler terms, the higher frequency of payments = a higher premium.
There are also smaller factors that are involved in determining a person's premium. These include but may not be limited to:
1.
Age- the older the person, the higher probability of death or disability
2.
Sex/gender- women tend to live longer than men, so their premiums are usually lower
3.
Health- poor health means high chance of death or disability
4.
Occupation- a hazardous job increases the risk of a potential loss
5.
Hobbies- high risk hobbies also increases risk of loss (example: base jumping, gear free mountain climbing, even traveling to dangerous places like Uganda or an uncharted part of the rain forest)
6.
Habits- the classic habit: smoking cigarettes. Habits that can shorten your life span or are dangerous for your health play a big role in premium calculations.
These are just basic factors in determining an applicant's premium there are many more though. I hoped I helped answer your question.
Does an old whole life policy that is paid-up still earn interest?
There is no maturity payment against whole life policy.If the policy remains paid up,it will be eligible for payment against any eventuality of the policy holder in question.
What is descending term life insurance?
It is generally referred to as decreasing term. The premium stays level, instead of going up annually or in steps, BUT the death benefit amount decreases, usually every year.
Can a beneficary sign the policy over to someone else insurance policy?
No, only the OWNER of the insurance policy can sign the policy over. Sometimes the owner is the insured, but not always.
Who now owns North American Life Insurance of Chicago?
I believe North American Life Insurance Company of Chicago merged into All American Life Insurance Company on 9/30/1974. All American Life Insurance Company merged into American General Life Insurance Company on 12/31/2002.
So, American General now owns North American Life Insurance Company of Chicago.
Where is home office of athene life insurance co?
Athene Annuity and Life Assurance Company
400 Brookfield Parkway
Greenville, SC 29607
864-609-1000
How do you get in touch with equitable life assurance society?
Yes, I've been trying to get in touch with this company and have not been able to reach anyone. I've tried the regular phone # and also the 800 #. I need to speak with someone in reference to a policy. Please respond back to me ASAP. Thank you, Debbie Chapman
Does life-saving need a hyphen?
Not necessary,but the hyphen signifies relationship between the two words,thus emphasizing the inner value.
What insurance company bought Texas reserve life insurance company?
i need info on Texas Reserve Life Insurance Company in San Antonio Texas
Is there still a united investors life insurance?
They were purchased by Protective Life Insurance Company on 7/1/2012.
Protective is currently in the process of being purchased by a Japanese company, The Dai-Ichi Life Insurance Company, Limited. As of 11/15/2014, that deal was still being processed and has not been formally complete.
What is the phone number for united investors life insurance?
Call Protective Life Insurance Company 1-800-866-9933, # is from Protective's website.
Protective bought United Investors Life Insurance Company.
