Life Insurance Company Knowledge Base
How much of life insurance company profit results from beneficiaries not knowing that a company sold a policy? I have seen many questions here along the lines of either (a) a person died and had life insurance, but I do not have the policy and do not know what company sold the policy, or (b) a person died and I do not know if that person had life insurance. How much of the profit that life insurance companies make is because the company does not receive a claim when an insured person dies, either because the beneficiary did not know that there was a life insurance policy, or because the beneficiary does not know what company issued the policy?
How long does a life insurance company keep a death certificate? If a person who died many years ago was said to be listed as beneficiary on a life insurance policy of a relative, and the insured relative died last year, about how long does the average insurance company hold the certificate during its investigation? Weeks or months? Does it make any difference that both people lived in different states? Please state some factors involved. Thanks.
If a life insurance company goes bankrupt, what happens to whole life insurance benefits? My Dad purchased whole life insurance through AXA Equitable which is all paid for. What happens if the life insurance company goes bankrupt or their assets are under water like so many other financial institutions these days? Will the benefits still be payable? I also think it's strange that he had to pay $700 more to this insurance company as an "adjustment"(?) recently even though the policy was fully paid for a long time ago. Is this normal?
How does life insurance agent earn if no commission comes from insurance company? Currently, in India, the premium charged from client for life insurance policies includes the commissions that the agent will receive from the insurance company. New scenario is developing: Life insurance companies will not give any comission to agents but the agent will charge a fee. Any one has clarity how this works in other countries: 1) What kind of fee is charged by agent 2) Is the fee disclosed to client 3) What about subsequent years earnings 4) Does the insurance agent come under service tax this way
Can a life insurance company increase rate of premium arbitrarily during policy period? Suppose I take term insurance (for life cover) for 25 years from some company since I find they charge lowest premium. Can it happen that the company hikes the premium rate arbitrarily after 5 years, to such an extent that I find the rate is more than the premium rate of some other company I ignored earlier. Is it better to stick to public sector insurance companies or are they as good as private sector companies? Thanks for the reply. However I am more interested in the current situation in India.
What would be a good life insurance company to sell for? I'm an independent agent, I'm currently only appointed with one company to sell health insurance, but I have life and health licensing. So, I'm looking for a good life insurance company that has plenty of support and resources for a new agent. I don't necessarily want to work for State Farm, et. al because I want to stay independent. I want to be able to manage my own business and use more than one company.
Which life insurance company is best in settling claims? Which life insurance company is best in setting claims? I want to but a term insurance for 25 yrs. I am 35 now. Please suggest good plan and insurance comany. Is there any databse where we get more information of claim record.
What is the best / most reliable life insurance company? I am a healthy 18 year old. Soon to move out of home and onto college. I plan for the future. I know how important it is to pre plan, I myself and going into the funeral business. What Life Insurance company offers affordable and reliable policies of $100,000 for a healthy young 18 year old male? How much would the monthly premium cost?
Should one consider hiding a smoking habit from a life insurance company? Our family is shopping for life insurance. My husband smokes 1-2 cigarettes a day and wants to quit, thus he thinks this "light" smoking should not be mentioned to the insurance company to keep premiums low. I am, however, concerned that in the future a claim may be denied if the company finds out, so it is better to pay up and be safe. Has anybody had issues like that? How can I convince him?
If I die in a car accident could a Life Insurance company deny my claim? I smoke a cigar about 4-5 times a year. If I fill out my life policy as a non-smoker and 7 years into my policy I die in a car accident. Would the life insurance company do an investigation to see if I was a smoker? Could they deny the claim if they found nicotine in my system? How could they prove that I lied on my policy? Thanks,
Creating a Life Insurance Company or Buying a LifeInsurance Company? Does anyone here know about how to form a life insurance company? What does the process consist of? Is it easier and cheaper to buy an existing company that has been poorly managed? This is what you consider an answer? Hope you got deep pockets? I am doing research for a college paper. I am not creating a life insurance company.
Where can I find a reputable Life Insurance Company/Policy? I'm a single mother and I'm trying to locate a life insurance company that offers a low monthly premium and list my children (ages 5 and 8) as a beneficiary. I'm aware that most companies offer the benefits at ages 18-25. I want to provide these benefits for my kids if something should happen to me!
What company provides a good low cost life insurance policy for older people? My father just retired, but he is stubborn and against getting a life insurance policy. I would like one to cover expenses he may leave behind and to take care of his wife, but he just doesn't see the need for some reason. His wife (my mother) is also the same way and they are too old fashioned and set in their ways to change their way of thinking. My parents are not rich and does not have a lot of money saved up. As a result, I may have to pay it myself even though I am supporting my own family on a single income. Obviously, the older one gets, the more expensive a life insurance policy becomes. Does anyone know of any good, reliable low cost life insurance companies out there? He doesn't have any major problems, but it would be best if there are some that doesn't require any health checks.
what are some questions to ask a life insurance company in an interview? A life insurance company is offering me an opportunity to run their company as a manager, although i do not have any experience in management, they were very impressed with my resume! what are some interesting questions i can ask them that would make me sound "smart and interested" so to speak?
can a life insurance company refuse to pay a claim because they don't keep old records ? i recently found a life insurance policy that my mother who died 7 years ago had taken out 4 months before she died. it was a 12 month term policy with the premium paid at the time of issue. the company that issued the policy had been sold to another company so i finally reached that company and they said they did not keep records that old. i faxed them the policy and receipt and i was told they could not find the policy they did not keep records that far back. any advice on what i should do would be greatly appreciated.
Who owns Columbia Life Insurance Company? I am looking for a phone number to call Columbia Life Insurance company. I can't even find any information on this company. Anybody have a # or can tell me which company owns Columbia life?
how to find a dead relative's life insurance company without papers? Read details please? Here is my situation My mother just died and I don't have the money to pay for a funeral right now. My mother has life insurance but I don't know where the papers with the information is. I don't know what the company's name is and I don't know how to contact them to report the death. Is there a way for me, her child, to get that information without the documents?
how long does it take to receive money from a life insurance company after a death? My grandpa died about 8 months ago, before he passed he mentioned on several occasions that he did not have life insurance. However, on monday my grandma got a letter saying that he did in fact have insurance via the company he worked for. during this this eight month span of time i was accepted to an art school, but we are just now getting financial aide packets. long story short, it is an ungodly amount of money and even with the fafsa, a hefty scholarship, and loans, they still expect me to pay over 20k this year!...and the money needs to be sent to them before i start school in the fall. Because it was really important to my grandpa that i go to college, my grandma has offered to help me pay for school. So, my question is this: Once the paper work is actually filed, how long does it usually take to recieve the money from the insurance company??? as i mentioned, it took 8 months for them to inform us that he had insurance, will it take this long to get the money??? i hope not.
Can you give advice about quite good and quite cheap life insurance company? I'm going to insure myself and my wife.I would like to buy insurance which will cover our life, accidental sickness, cover our death.Is there any insurance which cover all in one? or will i have to cover everything separetly? Do you have any favourite company? any good? How much about per month? Thank you I mean in UK
How can life insurance company make money? I mean something like $20 dollars a month for hundreds of thousands of dollars, even if you times $20 by 12 months by 100 years, that would only be $24000 and how can they come up with hundreds of dollars to cover you, I mean how can life insurance companies exist, the example above, they aren't making any money
How do fight life insurance company? I was trying to put my finance in order. I called People Life Insurance and got Monumental. They claim I have a loan on these policies. I said I never received a bill from Monumental. From People Life Insurance I received letter stipulating that these polices were fully paid and never heard from them again. I have a complaint with the company. better business bureau and the US post office. What else can I do?
How can we find out which life insurance company ...? My grandmother died and left a life insurance policy with my mother named as the beneficiary. She died before she has the chance to tell my mom which company the insurance was with. Is there a way to find this out?
Best way to tell the health of a Life Insurance company in the US? Considering the current meltdown of AIG and other financial institutions, where can I find the best sources to research which life insurance companies are healthy? Since the rating agencies recently showed how wrong they can be, their ratings will be taken with a grain of salt.
does anyone work for a big life insurance company? I had a call from a life insurance company asking me if I was my former husbands wife at the time of his death. which by the way was 6 and 1/2 years ago. any way they asked me a few questions and told me that because he was divorced from his ex wife at the time of his death that voided her out as the one who could claim the death benefit. and because I was his wife then he needed my info, he said he would call me back in a few days to let me know about the proceeds. I was very stunned and like an idoit didn't get anymore info, like a phone# or what company. But can a divorce over ride a listed benefeciary, does this sound right? I work for an insurance company and that's not how our life policies work. whoever is listed, divorced or not gets the death benefit. I didn't give any personal info, they asked if I was his wife at the time of death and if I was remarried or if my last name was the same and if I toolk care of the estate at the time of his death. those were the only questions they asked. I just read that there could be a clause that says the bebeficary must be married at the time of death. which if his ex was listed they weren't married anymore. we were. sound correct?
What is the best Life Insurance company and Package? I'm trying to set up life insurance as you know no one can predict the future. I want my wife and kids taken care off. I'm in my early 30's, don't drink or smoke. I'm in perfect health... At least, i think. Can you please advise what the best insurance company is for like a 750K - 1M coverage. What is the company of your choice and why??? Your inspiring advise will be appreciated.
Does anyone know of a good life Insurance Company without medical exams? Does anyone know of a good life Insurance Company without medical exams, and one that will allow you to get back all your paid premiums at the end of the term, if there is such a thing like that? Also one that want drop you when your term comes to close just because you got very sick 10, 15, 20 years later. Thanks
If a life insurance company goes bankrupt, what happens to whole life insurance benefits? My Dad purchased whole life insurance through AXA Equitable which is all paid for. What happens if the life insurance company goes bankrupt or their assets are under water like so many other financial institutions these days? Will the benefits still be payable? I also think it's strange that he had to pay $700 more to this insurance company as an "adjustment"(?) recently even though the policy was fully paid for a long time ago. Is this normal?
Best life insurance company that isn't that expensive? My husband is planning to start driving a cab in the next few months. I have life insurance that my mother pays on, but we want to start a policy with a good company for my husband that is whole life, any recommendations?
Which life insurance company is the best in settling claims? Which life insurance company is the best in setting claims? I want to buy a term life insurance for 25 yrs. I am 35 now. Please suggest good plan and life insurance company. Is there any database where we get more information of claim record.
a 65 year old man intends to use his retirement funds to purchase an annuity from a life insurance company.? given the amount of money the man has available to invest, the insurance company is able to offer two alternatives. the first option is to receive $2785 each month for as long as he lives; the second option is to receieve $3500 each month, but for only 20 years (payments will be made to his estate if he should die before that time) the relevant interest rate is 6 percent per year. how long must the man live so that the first option is a better deal? can someone please tell me how to answer this question? i need answer to this question for my finance assignment!!!
Is London Life Insurance Company any good? If anyone has heard or is currently using London Life Insurance Company, please respond by saying what you know, if you think its good or bad, and what your opinion is. Write as much as you like, the more the better. and.. By London Life Insurance Company I am talking more so about investments. but anything you know about it would help me a lot. I am in the midst of deciding to use there company's services or not.
A 65 year old man intends to use his retirement funds to purchase an annuity from a life insurance company.? given the amount of money the man has available to invest, the insurance company is able to offer two alternatives. the first option is to receive $2785 each month for as long as he lives; the second option is to receieve $3500 each month, but for only 20 years (payments will be made to his estate if he should die before that time) the relevant interest rate is 6 percent per year. how long must the man live so that the first option is a better deal? can someone plz help me answer this question for my finance assignment?
Is Globe Life Insurance company a good investment? I was just wondering if anyone has had any experience with this company. Please share your thoughts,Thank you. I think Insurance is an investment. I don't mean money wise excuse me if we have had a misunderstanding. I mean a wise investment for my family. all I wanted to know if I should waste my time looking into globe life, thank you for your comments. http://susilobambangyudhoyono.cn/health-insurance.html
What is a good life insurance company? I have been looking into Garden State and Globe. Do any of you use them? Who do you use as your life insurance holder? I am going to look around Monday with local companies but I have been looking around online. It will be for myself, my husband, and your 1 year old daughter(only a small one in case something happened and it would be for burial).
I am looking for a reputable life insurance company for expatriates? My regular insurance company will not insure me while living in another country. I had a policy through my work in the US but since we moved to Saudi Arabia, it is not longer in force. My husband has one through the military but we were not married at the time he was enlisted so we can not insure me as well. We are planning on having a child soon so insurance is a must! Thanks.
Which life insurance company is the best in settling claims? Which life insurance company is the best in setting claims? I want to buy a term life insurance for 25 yrs. I am 35 now. Please suggest good plan and life insurance company. Is there any database where we get more information of claim record.
How long does a life insurance company keep a death certificate? If a person who died many years ago was said to be listed as beneficiary on a life insurance policy of a relative, and the insured relative died last year, about how long does the average insurance company hold the certificate during its investigation? Weeks or months? Does it make any difference that both people lived in different states? Please state some factors involved. Thanks.
Is my life insurance company trying to rip me off? I have a life insurance policy with Primerica, today i got a notice saying that they are going to increase my monthly premium to $69.27 from $66.00. I don't know much about life insurance or all the technical jargon they use, their notice said "all future increases in coverage are guaranteed with no proof of insurability for as long as you continue to accept each annual increase." What does this mean? Are they trying to rip me off?
Can someone with newly diagnosed cancer fool a life insurance company? I was wondering if someone had just been diagnosed with cancer and had not yet begun treatment, would he/she be able to get it past a life insurance agent and exam in order to get a more reasonable policy? P.S. I am not looking for comments about the legalities or ethics of doing this, just practicalities.
If a life insurance company goes bankrupt, what happens to whole life insurance benefits? My Dad purchased whole life insurance through AXA Equitable which is all paid for. What happens if the life insurance company goes bankrupt or their assets are under water like so many other financial institutions these days? Will the benefits still be payable? I also think it's strange that he had to pay $700 more to this insurance company as an "adjustment"(?) recently even though the policy was fully paid for a long time ago. Is this normal?
Should I sell insurance for Lincoln Heritage Life Insurance company? Lincoln Heritage sells final expense life insurance to the senior market. They gernerate leads thru direct mail and tv advertising. They charge the agents around $20 per lead and want you to take about 30 leads per week and go directly to the home to sell the insurance. They boast projected income of over six figures.
Life Insurance Company - which is the best? Want to choose the best life Insurance Company - I am 43 Good Health and my wife is 41 Good Health. No alcholocal, No drugs, No disease. I am given choices like Prudential & AIG. I am trying find ofcourse the one with less premium but with good reputation. I am looking for 30 year term policy. Any suggestions. Please let me know. Thank you,
How do I locate Gulf life company insurance? NEED TO KNOW WHO GULF LIFE INSUANCE COMPANY BECAME,IF THEY STILL R,AND HOW TO COLLECT ON WHOLE LIFE INSURANCE, JACSONVILLE ,FLA POLICYS DATE FROM 1950TO 1988,NEED TO KNOW WERE TO GO TO COLLECT,SO WE CAN AFFORD FATHERS FUNAREL THANK YOU
Is Globe Life Insurance company a good investment? I was just wondering if anyone has had any experience with this company. Please share your thoughts,Thank you. I think Insurance is an investment. I don't mean money wise excuse me if we have had a misunderstanding. I mean a wise investment for my family. all I wanted to know if I should waste my time looking into globe life, thank you for your comments.
why do life insurance company do a urine check for protein and sugar? My husband and I are taking out new pol. and I received a call from someone claiming to be the insurance nurse who would like to come to our home and do a check of our blood preasure, urine for protein and sugar levels and pulse. We are required to fast for two hours before hand.
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