Life Insurance

If you die there will be no payout to your beneficary, This usually happens when you miss a premium payment and they 'suspend' the policy, allowing you to make the payment(s) up to date and will reinstate the policy, as opposed to a 'cancellation' or 'termination' when you have lost the policy never to be reinstated

Viatical settlements allow people without life insurance beneficiaries (gay men, people without families or spouses, orphans) to sell their life insurance policy for cash value while they are still alive. These are not used very popularly but grew in frequency of request after the AIDS epidemic in the sixties.

The Pearl Assurance company has merged with Phoenix Life. If you have a policy with Pearl Assurance it is looked after by the customer service team in Peterborough.

The executor or administrator of the estate is responsible for searching records for an active policy. Normally they would look in a safety deposit box, anywhere the person stored important papers, and also a good place to look is in their bank statements to see if payments were being made to a life insurance company.

A life insurance policy is an excellent way to fund a trust. Any way of placing necessary funds into the trust are acceptable. If you have cash and wish to fund it with cash this is fine. Life insurance is a good way to fund a trust because you can pay premiums and be assured that the money will be there when you die to fund a trust that you want to set up for someone.

I think that is the legal procedure.

Legally, your policy can be delivered by receiving it through the mail. This is generally don't with policies that are purchased tough forms that are mailed in to the company. Most companies will deliver them in person.

Equitable Life Insurance is an insurance company that has been around for a very long time but for your information they are still around and one of the largest life insurance carriers in the world.

Level term assurance is a life insurance policy in which premiums and the eventual payout are chosen initially and cannot change. The benefit of such a policy is its reliability; one knows how much they must pay and how much their recipient will receive. No surprises.

Endowment is essentially an amount that is left for an heir as an inheritance after one's passing. I could be wrong, I didn't look this one up but it is something that you are entitled to without any sort of specific action, just that you have been designated the owner after death.

The beneficiary of a life insurance policy is the person or entity designated by you when you apply for the policy and when it is issued by the insurer.

It is unclear just what insurance company you are referring to, but I presume that it is Reassure America Life Insurance Company, in Coppell, TX. If that is the case, you can file a consumer complaint with the Office of Insurance Assistance (or similar name) of the Texas Department of Insurance. Initially, contact the insurance regulator's office, or go to its website, to obtain the forms that would help most--there is probably a standardized form for consumer complaints.

Before you do any of this, make sure of the identity of the insurer. Its name will appear on the policy. You may have to do some legwork, such as on the internet, to make sure that the company that issued the policy is not now part of another insurer, but doing so on the front end will save time in processing your complaint.

Also consider going directly to the insurance company before going to the regulator. Insurers want to pay valid claims and have departments set up to field consumer problems. Once you identlfy the proper insurer, contact its customer service department and work through its internal process before contacting the regulator. The regulator will want to ensure that you did so before it intervenes.

In order to find a trust with life insurance proceeds the trust must be named as the beneficiary of the insurance policy. Then the trust documents specify what the funds are used for that are in the trust. If there are other life insurance policies that are still active and have other individuals named as the beneficiaries then the money from those policies cannot be placed into the trust and will be paid directly to the current beneficiary listed with the insurance company. The trust will have no claim whatsoever on these policies. It could be that these policies had their beneficiary changed when the trust was set up and the trust is the current beneficiary of them as well and he just didn't put the change form in the policy. Whatever is on record with the insurance company will be the person that the benefits are paid to no matter what.

If you look on the homepage for the Jackson National Life Insurance Company, you can find the pafe for contacting them. It is the sixth choice in the choice of pages in the upper right of the home page.

A dividend represents a distribution of earnings made by a mutual life insurance company to its policyholders. From the standpoint of corporate structure, a mutual company is owned by the policyholders--therefore, they benefit from the earnings.

The distribution may be in cash, by additional paid-up insurance, or in some other form. The insureds designate how they want dividends distributed to them when they apply for insurance through the insurer.

I tried looking this company up on google.com and there were lots of references. I am not sure which would be most useful to you, but take a look.

hell no

The name remains the same but it is now a part of The Kemper Group.

The agent needs a life insurance license. He also needs to be registered with FINRA. The insurance license is issued by the state insurance regulator. He will need to take a life insurance class that is typically a one-week class and take an exam. To be registered with FINRA, he will need to either self-study or take a class and take state securities exams and general securities exams.

Cash value is a feature of whole life insurance, sometimes called permanent life insurance. You might consider it as the :savings" element of the policy, but do not confuse it with a savings account or an investment.

Each premium payment made toward a whole life policy consists of an amount that pays for the pure insurance element (the "indemnity" benefit) and some goes toward cash value. Cash value accumulates very slowly at first, but after the policy has been in force for some time, it speeds up. When the policy is purchased, part of the illustration of it will be projected cash value increases, although these are not guarantees.

Whole life policies permit cash value to be borrowed once it has reached a specified amount, and the policy will state an interest rate that accrues on the policy loan. The loan can, and probably should, be repaid, but if it is not, it and the accrued interest will reduce the payment to the beneficiaries when the insured dies.

The mechanics of getting a policy loan will be specified in the policy and are usually simple. It usually involves ensuring that the policy is in force, specifing the amount that you want to take from the cash value, and that that amount does not exceed the percentage of the cash value that the insurer allows as a policy loan. Generally, you can handle this yourself, but your insurance agent can also facilitate it.

Only the POLICY OWNER can change the beneficiary on a life insurance policy. In most cases, the insured is also the policy owner, but it's not a general rule.

The policy owner can be another person who is paying the premium (for example, a parent or guardian, spouse or other family member), or a bank, or a business. If the policy owner is not the same person as the insured, then the insured has no control over who the beneficiary is on the policy.

Yes, the policy owner can change the beneficiary. Sometimes, the person insured and the policy owner are not the same person, if someone else pays the premium for the insurance policy. For example, a parent or guardian taking an insurance policy on spouse or children. Some insurance policies are assigned to cover bank loans, and even if the insured may pay the premium, the bank can be assigned as the owner of the policy; in that case the bank decides who the beneficiary is going to be (usually in this scenario, the bank will also be the beneficiary).

Prudential Insurance is a global 500 hundred company for selling life insurance. The only person that can change a beneficiary on a policy is the policy owner.

Visit the insurer's website and ask for 'Status' of your policy,by quoting the policy number, wherein you will find either continuity or non-existence of the related policy bond.

I'm sorry, but I can't access specific information about insurance policies or personal data. To find the value of Prudential policy number 12549274, you will need to contact Prudential directly or refer to your policy documents for details.