What sort of question is this? Are they going to hold a gun to your head if you don't? No business in America can force you to do anything, well except maybe the credit card companies...
premium
basic premium
A paid-up policy is a whole life insurance policy for which no additional premium / payments are required to keep it in force.
don't know what to do with it, you should phone the insurance company and ask if the policy is still in force and if so, if it has any cash value. You might either want to cash it out, or to keep it as life insurance. It's up to you. If it has lapsed and has no cash value, then it is irrelevant.
You cannot. In case of any claim after your divorce and the policy bond is in your possession, the claim will be summarily rejected by the insurance company. It's advisable to surrender the policy on your ex husband to the insurance company against official receipt.
Whether you can keep the insurance money for your roof repairs depends on your policy and the specific circumstances. It's important to review your policy and consult with your insurance company to understand the terms and conditions regarding the use of the funds for repairs.
Virtually no insurance company offers a loan against a paid up policy - they thoughts are if you cant keep premiums up then you wont be able to keep loan payments up.
No. A lender placed or forced place policy is only to protect the bank or finance company and you pay the premiums. The policy does not cover the contents or anything except the amount that is owed to the bank or finance company. In these cases the policy was force placed because the homeowner did not keep the insurance that was required by the contract so the mortgagee placed the coverage to cover themselves.
The family member needs be excluded to keep your insurance in effect.
A flexible UL policy CAN expire unless you add more premiums to keep it in force.
There could be, call the insurance company to find out. The best way to determine if there is a policy in your name is to check the mail for your insurance bill. Most policies require premium which is paid to keep the policy going. Chances are slim, but if haven't seen a bill for a policy, you may not have one.
You need to contact the insurance company to find out. Unfortunately, there is no easy way to find out what insurance company, if any, the person was using. But here are a few hints: If you have access to the person's records, look through the files for a copy of the policy or cancelled checks to an insurance company. If the person had auto or home insurance, contact that company. Many people keep all their insurance policies with one company. Ask relatives of the person who died, if they know of a life insurance policy and if so, with what company. Contact their state Office of Unclaimed Property, they would have a record of the insurance payments.