Life Insurance

In any life insurance policy, though there is provision for appointment of nominee, on maturity the proceeds will be payable to the policy holder if he/she is alive. By this way, the owner of the policy and the beneficiary is the same person.

You are apply before the insurer for surrender of the policy along with Surrender Voucher and NEFT form duly filled in and signed along with a cancelled cheque for their consideration and doing the needful.

If you get any trace in the form of receipt,policy copy,letter from any Insuc. co. in the name of your deceased wife, you can approach them for needful action.

Not to be a smart-aleck, but have you thought of trying Google? I just did and got several pages of hits that seemed like they might be relevant; you have more information about them than I do (for one thing, you've apparently heard of them before) and should be able to winnow that down to the right one pretty quickly.

How long it will take before you get your money after you file a claim depends on the type of claim you are filing. It could take a few days to a few months before you actually see any money.

In India, if you intend to become a Life Insurance Agent, you are to undergo online training to be conducted by IRDA and to appear and pass the online exam and thereby qualify for life insurance agency for a period of three years.

They will be taxable at the same rate as the other benefits, unless invested in a tax free vehicle, which will be stated.

Well, if there is no nominee appointed or the nominee dies along with the policy holder, in that case the legal heir of the policy holder would be entitled to get the death benefits. The insurer is not bound to pay to any third party posing as claimant of the deceased,without valid proof or legally authenticated by the court of law.

The value accrued at the time of surrender of the policy is called cash surrender value of the policy. Generally, before completion of three year period, no life policy can be surredered and hence question of cash surrender values does not arise.

Yes, I have one that my parents bought me around 1952. I've tried to find out if the policy is good but am told it is not. SO!!! My parents paid the premiums and now it is worthless. It was not much but I feel they were cheated. Not happy!

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The average cash value depends to what it is being compared. The Canadian dollar is $0.96 USD. The Euro is $1.30 USD. One Japanese Yen is $0.01 USD. One Mexican Peso is $0.07 USD.

The website Insure shows one how to calculate the cash value of Life Insurance. Their model shows what could happen to the cash value and death benefit if one taps his/her cash value to pay premiums.

One can cash an endowment in a number of ways. One can cash an endowment by surrendering it to the endowment issuing company or one can sell an endowment to an endowment policy trader.

Endowment Policies can be cashed out early for a fee that varies from company to company. Endowment policies are a form of life insurance that is paid in lump sum form.

It is always the best plan before buying life insurance policies to ensure that one has obtained the best value quote. This is not always the cheapest. That the benefits which would be paid out would be enough for one's family is also essential to get right.

A 770 account isn't a bank account. It is a life insurance policy. You would talk to an insurance agent or financial advisor to help you set one up. You can withdraw money from them and then pay yourself back, within limits. But be warned, they are not "secret," nor are they tax free. It can be a good long-term investment if you do your research, but it definitely isn't a get-rich quick scheme.

Read more about it here:

http://www.foxbusiness.com/personal-finance/2014/06/26/tax-story-behind-770-accounts/

A life insurance premium is the amount of money that is paid, on a periodic basis, to an insurance compasny in return for insurance coverage on a person's life. Provided that premiums are paid as and when due, the insurer is obligated to pay to the beneficiary(ies) the face amount of the policy. The amount of premium payable is determined primarily by the amount of life insurance purchased and the risk factors (age, medical history, etc) of the person to be insured under the policy.

There are two main categories of life insurance: whole life and term insurance. Whole life insurance is an insurance policy combined with an investment account and has several variations such as universal life and variable life. Term life insurance has no investment account, but provides a set sum of money should one die within the specified term of coverage. Variations of term life insurance include annuable-renewable and level-term policies.

Midland National Life Insurance is located in Sioux Falls, South Dakota. Their exact address can be found on their website, or by calling their head office.

The head of Monumental Life Insurance company is in the state of Maryland. The office is in the city of Baltimore, Maryland and has gotten many more offices since having that office.

The best way to determine the cash surrender value of a life insurance policy is to talk to the local insurance agent or call the insurance company direct. This can make the premiums go up however.

One can get cash back life insurance through various life insurance providers such as Farmers Insurance, Metlife, AAA Life Insurance or State Farm. Look in your local yellow pages for more information.

The one who pays the money for policy or who pays the premium of the policy is called proposer

My policy # NC51617 has what value?