If you already have auto insurance on another vehicle, most insurance companies will cover you up to a month while you work on insuring the new vehicle. On the other hand, if you do not already have auto insurance, you had best not be driving the new vehicle until you get insurance. If auto insurance companies find that you've been driving without insurance they will raise your rates when you DO get around to it, and they'll put you into a high-risk group.
Pure term life insurance. In this kind of policy, there is no cash value of the policy for the insured. The policy holder gets no tangible or monetary benefits as long as he/she is alive. Only the survivors of the insured can reap the benefits of this kind of policy. So, we can say that this type of policy has no cash value for the insured individual.
As long as it takes to reach your insurance agent by phone.
Some forms of life insurance have a cash value, and some do not require premiums to be paid after a certain percentage of the cash value has been paid in. "Term life" normally has no cash value, and as you get older may either increase the premium or more likely decrease the face value.
Some types of life insurance develop cash value; these are called whole life policies. Term insurance has no cash value. So it depends upon the kind of life insurance you have, and it may also depend upon how long you have been paying premiums.
Yes as long as he is the owner of the policy...he can do whatever he wishes.
You have to check the illustration or cash value table. Maybe 3 years. For more info see www.steveshorr.com/life.htm
Life insurance death benefits are paid out tax-free as long as your premiums were paid with after-tax money. If you have a cash value life insurance policy and surrender the policy, you may be subject to a taxable gain if the total cash value exceeds the cost basis of the policy.
If you do that you might have to spend a long vacation in the County Castle or a life vacation in the Amazon.
What do you mean "Sell" the life insurance policy? Once it is back in force and you are the owner, you can cash it in at any time if there is in fact a cash value. I guess you would have to better define what you mean by selling it.
an individual who buys an annuity pays the insurance company a sum of money and, in return, will receive a monthly income for as long as the purchaser lives.
An individual with autism will not qualify for Long Term Care insurance. He will qualify for SSDI and other government entitlements. As far as the cost of Long Term Care, it varies from one part of the country to another. $250- $300/day is a good ballpark number you can work with. I am not sure you are thinking on the right track tho. You need a lawyer's help, not someone savvy on insurance. Hire one!
Yes, as long as they are willing to sign the application. Or, if a minor and some insurance carriers, as long as you have insurable interest. 4lifeguild