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Can you hold multiple life insurance policies on the same person?
Wiki User
∙ 12y ago
Yes you can but you should note that on the application. Part of the fraud prevention for a carrier is a person with far more life insurance than would seem prudent and necessary.
Wiki User
∙ 12y ago
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Can two people hold two life insurance poicies on the same person with different companies?
YES, you can have multiple insurance policies, from different companies or even from the same company. Each company has it's own rules of how much life insurance someone can get. You can get quotes from multiple companies and have life insurance policies issued simultaneously from different companies. You should work with an insurance agent that has access to multiple insurance companies and can advise you what requirements each company has, and the limits they are willing to issue for life insurance.
Can a person hold two life insurance policies with the same company?
Not a problem at all. Many times individuals may have multiple policies with the same company as one may be a term policy and the other a universal life policy, or you may have two term policies with different term lengths. Sure.
Does everyone who drives a truck need truckers insurance?
Anyone who drives a truck must at least hold a liability insurance policy to cover injuries and damages. Additional policies are not required, but can be beneficial to the driver.
What is the purpose of a hospital?
Bupa hospital is a very large British healthcare organisation which are only for members in the UK that hold private health insurance policies. However they do also offer services to people who do not have any policies at all.
What is the purpose of a Bupa hospital?
Bupa hospital is a very large British healthcare organisation which are only for members in the UK that hold private health insurance policies. However they do also offer services to people who do not have any policies at all.
If someone hits your car and you have no insurance will their insurance cover your car if they were totally at fault?
Yes. All registered drivers are required to hold liability insurance, which means that if they cause an accident, their insurance will pay for damages to the other peoples' cars. So, if the person does hold the required insurance, and is entirely at fault, your damages will be covered.
When you pay your first life insurance premium will your insurance pay your beneficary the same day if you die?
No, usually you have to hold a policy for a fixed term before a payout will be made. However, some policies my provide instant cover, you need to read the small print.
What are Globe Life insurance coverage limits?
Globe Life's insurance coverage limits depends on the type of policy you hold. Some life insurance, depending on the policy and person can cover upwards of $5 million!
How can a person get free health insurance quotes offline?
A person can search for free health insurance quotes offline by going through the yellow pages. They can also call companies but may be put on hold before receiving any information.
Can 2 people hold two life insurance policies on 1 person with the same company?
Yes, provided that each person has an insurable interest in the life of the insured. An "insurable interest" is essentially a "stake" in the continued life of the person insured. It can be based upon financial dependence, familial relationship, business relationships (such as a partner having an insurable interest in the life of another partner), and in most states, "love and affection".
Where is it possible to get a hold of dissociative disorder?
Dissociative disorder is previously known as multiple personality disorder. It is possible to get hold of dissociative disorder through a spouse, a significant other or another person with the disorder.
Is asset life insurance?
I believe you're asking if life insurance is considered an asset and I would say yes. Generally speaking there are cash value type life insurance policies and term life insurance policies that tend to not have a cash value. Cash value policies; whole life insurance, universal life insurance, etc. have a quantifiable value to them considered to be equivalent to the cash surrender value if not more. This would be considered an asset in most instances. Although most term life policies do not carry a cash surrender value, you could potentially think of it as an asset as someone may be willing to purchase that policy from you. If you were to consider selling your life insurance, someone like a viatical company or life settlement company will likely pay you for it. The difficulty lies within valuing certain types of policies due to stricter IRS definitions, an ever changing life insurance industry, and more regulations. The value of a particular life insurance policy really depends on who is asking and what type of policy you hold. The value may be calculated differently for example if a policy is being given to a charity or if it being accounted for for Medicaid purposes.. "Is asset life insurance?" I would say yes to that question more times than no.
