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The one who pays the money for policy or who pays the premium of the policy is called proposer
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∙ 12y ago
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What are the best companies to buy whole life insurance from?
Reputable insurance companies for whole life insurance include Gerber Life, MetLife, AllState, and Mass Mutual. Check with your auto insurer if you have car insurance, because sometimes you can combine two or more insurance policies with the same insurer and get a discount.
What are the dividends paid on life insurance policies considered to be?
The dividends paid on life insurance policies by the insurer are called reversionary bonus which varies yoy.
Is a life insurance company an example of financial intermediaries?
Though Life Insurance Company plays the role of financial intermediary, technically an Insurer is governed by Insurance Regulator of the country and has got separate entity of its own.
Meaning of life insurance?
the meaning of life insurance is giving a husband or wife a chance to murder the other for the money
What are the benefits of having a life insurance policy?
Life insurance is a contract between an insurance policy holder and an insurer. The insurer promises to pay a designated beneficiary a sum of money or the benefits upon the death of the insured person. The main benefit for the policy owner is peace of mind knowing that the death of the insured person will not result in financial troubles for loved ones and lenders.
What are the best companies to buy whole life insurance from?
Reputable insurance companies for whole life insurance include Gerber Life, MetLife, AllState, and Mass Mutual. Check with your auto insurer if you have car insurance, because sometimes you can combine two or more insurance policies with the same insurer and get a discount.
In what class of life insurance are individual life insurance policies issued to members of a group with an employer or other body collecting or remitting the premiums to the insurer?
"In what class of life insurance are individual life insurance policies issued to members of a group with an employer or other body collecting or remitting the premiums to the insurer?"
Who is the beneficiary for your life insurance?
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.
Does a standard homeowners insurance policy cover the death of the insurer?
No, Homeowners Insurance does not provide the coverage of a life insurance policy.
Are you obligated once you sign a life insurance application?
No, you are not obligated. You can cancel your life insurance policy at any time. Usually, there is a "Free Look" Period for life insurance that lasts anywhere from 10-30 days where you can return your life insurance policy to the insurer and get a full refund of premiums paid. Review your life insurance policy and ask your agent, or insurer, about this option before canceling your life insurance policy.
Who does life insurance agent contact first when insurer dies?
justin beiber
What are dividends paid on life insurance policies considered to be?
The dividends paid on life insurance policies by the insurer are called reversionary bonus which varies yoy.
If there are two different life insurance policies which insurer pays?
A life insurance policy is a contract. You can have as many as you want. They all have to pay out on the death of the insured.
What are the dividends paid on life insurance policies considered to be?
The dividends paid on life insurance policies by the insurer are called reversionary bonus which varies yoy.
Why would life insurance company ask you to sign something telling them who your plan is with through your employer?
One of the factors that a life insurer is concerned with when issuing a policy is whether the applicant has a pre-existing condition (a condition that existed prior to the application for life insurance). It wishes to know this because, based upon the insurer's underwriting guidelines, it may want to, or have the right to, exclude coverage if death results from that condition. Therefore, the life insurer may want to examine the health insurer's records to determine if (1) answers on the two insurance applications were consistent; and/or (2) the health insurer paid claims for treatment of a condition that was not disclosed on the life insurance application.
Will life insurance benefits be paid if insurer refuses treatment for incurrable condition?
if life insurance policy passed the contestability period, benefits will be paid at insured's death.
Where to mail letter with validity question on life insurance?
You are to mail your letter to the branch office of the insurer (which isisued the policy bond) regarding validity question on your life insurance policy.
