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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

What is the Novartis Conflict of Interest Policy?

The Novartis Conflict of Interest Policy basically directs its company's employees to keep their personal interests and influence out of the workplace. This also includes the prohibition of Novartis employees receiving financial benefits at the expense of the company.

What kind of company is core security?

Core Security is a company which allows other businesses to test their products whilst knowing that it is safe and secure whilst doing so. They have a range of services to offer.

Is my Union Mutual policy?

My policy # NC51617 has what value?

What are the benefits of having a combined life insurance policy?

The benefits that you would have of having a combined life insurance policy is that it would most likely be cheaper if you did it this way, where it's better for you.

What is a combined life insurance company?

Combined Insurance is a global provider of supplemental insurance, including accident insurance, life insurance and critical care coverage. Combined Insurance operates in North America, Latin America, Europe and the Pacific. The company is headquartered in Glenview, Illinois.

Does Clarica offer free life insurance quotes online?

Yes, Clarica does offer free life insurance quotes online. Clarica is making itself known for free, hassle free, online insurance quotes. They are committed to making it easy to get insurance.

How do you get the print out of irda license no 8928463?

You are requested to contact LIC or GIC office through whom you appeared in irda online exam for copy of licence,in case the original one is lost/misplaced at your end.

What happen if the person paying your insurance dies?

From your question it's presumed,,that either you are minor having no income of your own or you are the nominee of the policy on whose behalf the premia was being paid by the so called person. Well, if Premia waiver benefit has already been opted, then you need not to pay premia for the rest of the tenture. Or, the death benefit will accrue on you for being nominee of the policy.

What is Limited payment whole life?

Limited payment whole life insurance is a type of permanent life insurance that allows policyholders to pay premiums for a specified period, such as 10, 20, or 30 years, rather than throughout their entire lifetime. Once the premium payments are completed, the policy remains in force for the insured's lifetime, providing a death benefit to beneficiaries. This type of policy combines the benefits of lifelong coverage with a shorter payment term, making it appealing for those who want to secure their financial obligations without ongoing premium payments into old age. Additionally, it accumulates cash value over time, which can be accessed by the policyholder if needed.

What is required for someone to sell life insurance?

The number one requirement for someone to be able to sell life insurance is an "Insurance License". The requirements for obtaining a license varies from state-to-state but passing an exam is always a requirement.

What are the characteristics of variable life insurance?

Variable life insurance is a form of life insurance which protects the beneficiary upon death. The main advantage to this type of life insurance is that this insurance allows for many investing opportunities whilst the earnings being tax free.

Why is insurance not taxable?

To give more impetus to general public, insurance is not taxable both to both at entry and exit point. In India, paying insurance premia is considered u/s. 80C, while maturity payment is totally tax free u/s. 10,10(D) of Indian Income Tax Act. These exemption from paying taxes makes insurance more attractive than bank or post office, private savings instruments.

Where can one find information on national life insurance?

The best place for one to find information about the insurance and investment company National Life Group, who have locations in Vermont and Texas, is at their official website.

How well does Northwestern Mutal Life Insurance explain their financial services?

Northwestern Mutual Life Insurance explain their financial services very well on their website. They have a financial guide and full details of their products and services.

Where might one find information regarding life insurance annuities?

One might find information regarding life insurance annuities online at various websites. One can find information about life insurance annuities at insurance company websites such as Nationwide and MetLife.

What is the difference between life insurance and term life insurance?

Life insurance is a more general concept that may refer to either whole life insurance or term life insurance. Whole life insurance gathers value the longer you have it, whereas Term life insurance does not obtain any value that you may use before you die. Term life insurance only pays out when you die.

What is accidental death benefit rider?

A life insurance policy is designed to pay a certain amount of money when the insured person dies. Sometimes the policy can have an additional clause which awards a larger amount of money in the event that the death was accidental. That is to say, if the insured person dies peacefully in bed from heart failure, that is a natural death. If the insured person is hit by a car and killed, that is an accidental death. You might have a policy that pays $50,000 for a natural death, but $200,000 for an accidental death. A possible reason for this kind of arrangement is that when people die a natural death, it is usually at a more advanced age and it is usually not a great surprise. People gradually decline in health before they die, most of the time. Accidental deaths can happen at any time and you may not be as well prepared to cope with them. Insurance companies are also playing the odds. Most deaths are not accidental, so it does not cost insurance companies a lot to sell you an accidental death rider. Chances are, they will never have to make that accidental death payment.

What is the difference between life insurance and whole life insurance?

The key difference between life insurance and whole life insurance is that regular life insurance carries a fixed term while whole life insurance covers one's entire lifetime. Whole life insurance also accumulates a cash value that one can borrow money against.

Where can one find the policy software?

Policy software can be found at the website 'power dms'. The website provides you with a live demo on how the policy management software works, it can also be bought from the same website.

Does a life insurance company have a legal to inform beneficiaries of an unclaimed policy?

Well, life insurer has the legal responsiblity to intimate the beneficiary during maturity of the policy. But though it is not legally binding, the life insurer ought to send reminder to the beneficiary about unclaimed policy amount, to maintain cordial relationship with the insured/beneficiary of the policy.

Is a whole life insurance policy considered a personal securities account?

A whole life policy is considered an insurance product. You pay into the policy and the company agrees to pay a certain amount to your beneficiaries upon your death. A whole life policy grows cash values and in some policies dividend, however dividends are never guaranteed, which can be borrowed at an interest rate and utilized for many different things. So long as the policy doesn't lapse then the growth isn't taxable. if the policy lapses then taxes would be due on any growth above the amount paid into the contract will be taxable.

Where can one find Group Universal Life Insurance?

Group universal life insurance, which is a voluntary life insurance policy can be found through MetLife. Here one wil find all information regarding the insurance.

Where online can someone get a quote for term life insurance?

One can get a quote for term life insurance online at the website of an insurance company. Some companies with webpages that one can try visiting are Esurance, Geico, and Allstate.

How to contact AIG Life Insurance Company?

There are many ways to contact AIG life insurance company. The best way to start would be to visit their official website. Their contact page has all the information you should need.

What types of life insurance policies are offered by AFLAC?

AFLAC offers supplemental life insurance policies to individuals in an amount that suits the individual's needs. AFLAC is also offered to businesses so they, in turn, can offer it to their employees.