Life and Health Insurance Policies

Can I convert my Adjustable Life Insurance policy to Term Insurance? I currently have a $300,000 Adjustable Life Insurance policy and want to convert it to a $300,000 20 Year Term. Can I do this or will I have to surrender the policy and start a new policy? I checked my life policy and there is nothing mentioned about any type of conversion. Just curious about everyone's thoughts.

What happens to the dividend option term rider on a whole life insurance policy? If the cost of insurance on the dividend option term rider is higher then the monthly premium being paid. What happens to the term insurance portion of the whole life policy at that time? I have this rider now on my whole life policy to maximize my death benefit at the lowest cost but I'm thinking that either I will have to pay more premium if the cost goes up or I have to drop the rider.

My Grandparents (deceased) took out a life insurance policy on my daughter.how can i find lost policy? My Grandparents are both deceased, but they took out a life insurance policy on my daughter 20+ years ago. I no longer remember the name of the insurance company, but I think it was a Whole Life Policy...the kind where you pay one lump sum and it continues to increase in value and you may borrow against it. Any suggestions how to locate the company and policy?

How do I find insurance life policy for deceased ex-husband? EX HUSBAND WAS TO HAVE LIFE INSURANCE POLICY SHOWING ME AS BENEFICIARY AS LONG AS CHILDREN WERE MINORS. HE DIED 5 MONTHS AGO AND NO ONE KNEW ABOUT THE POLICY. HELP!

If a diabetic applies for a no physical life insurance policy, will he be declined? Life insurance companies have access to everyone's medical data base so I was wondering if they would reject a diabetic on a no physical life policy?

Can I convert a Northwest Mutual Variable Life Insurance policy to a Term Life Insurance Policy? I signed up for the expensive Variable Life Insurance policy when I was making lots of money. Now that my earnings have dropped, the Variable plan is too expensive. I have some health issues which will prevent me from getting a reasonable rate on a new term life policy. Is it likely that NW Life will allow me to convert to term at the "health standard" that they used to sign me up 15 years ago?

Should we wait to get rid of our whole life insurance policy? My husband and I are trying to cut back on expenses and want to get rid of our whole life policies. My question is: when it comes to collecting the surrender value of our insurance, would it be better to wait to cancel on our anniversary date? I wasn't sure if the surrender value builds up monthly or yearly. Thanks for your help. Thank you for your answer. However, I would prefer to get both my cash out of it AND save money by not having the premiums anymore. Keeping it really isn't an option right now.

Life Insurance Policy beneficiary vs Will benefeciary? If the irrevocable beneficiary on my life policy is my son from my first marriage, and the beneficiary on my Will is my 2nd wife. Will there be a conflict? Or Life insurance and Will got nothing to do with each other? Please someone explain.

Can a life insurance company cancel a policy within the first two years of inception if suicide is suspected? My friend has a term life insurance policy that is less than 2 years old. She entered the hospital recently for a newly diagnosed bipolar disorder and had admitted to thoughts of suicide. Within 2 months of her stay and diagnosis, her term life insurance policy was canceled by the insurance company for reasons of risk. Can they legally do this? I read the policy, but am unclear whether they have the right to do this. Thanks.

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 can someone purchase a life insurance policy for someone else without them knowing? I always see on Forensic Files and other shows about murderers, they are able to purchase a life insurance policy for their spouse or relative without the person's knowledge. Then they kill the person for the money. Why are they able to buy a life insurance policy without the person knowing about it? Wouldn't that prevent some murders if there were better procedures put in place? The shows I am talking about are shows abotu real people and real murders. Forensic Files, Snapped, even dateline.

What happens to the Life insurance policy if the petitioner gets a death sentences? I'm just curious about the following scenario Lets say someone has a life insurance and get a death sentences. Would the life insurance policy be automatically void?

How can my husband open a life insurance policy? We recently found out we are expecting a baby and need to open a life insurance policy in case something would happen to him so we'd be taken care of. We have insurance that is paid for by his employer. How do we go about getting life insurance? Is it added to our existing medical insurance, or can we get it separately?

How are life insurance policies paid out? To the policy holder or the trustee? My parents have a life insurance policy in my father's name. They are both trustees. They are now divorced. Who receives the benefits of the policy as it has now matured? Any help would be appreciated.

How can my friend find out if her late father has a life insurance policy? My friend's father died recently. Twenty years ago, her father took out a small life insurance policy to pay for his funeral expenses. The beneficiary is my friend's stepmother. The stepmother doesn't even recall a life insurance policy. She wonders if he had cashed it out. How can my friend find out if a life insurance policy still exists? Those unclaimed fund sites don't usually include life insurance policies, and the life insurance company may not know that a death has occurred.

What is the best life insurance policy? What is the best health insurance and life insurance policies? I am recently out of the military and need to purchase an individual health ins policy. However, I am not sure which ones are the best. I am a student, do they offer any good student policies? Also, is the SGLI to VGLI conversion a good change to make? If not, which is better term or whole life insurance policies?

does a life insurance policy have to pay back creditors from a bankruptcy? if someone filed for bankruptcy 5+ yrs ago and then thru their job they have a large life insurance policy....will the money from this life insurance have to go towards paying off the creditors which were listed in the bankruptcy?

Will a beneficiary on a life insurance policy receive all the proceeds if there are debts? Say my mom has a life insurance policy for $100,000 and she passes away. She is not married and I would be the beneficiary on the policy. If she has individual debts like medical bills and car loans, would the policy pay those first, or would the funds pay to me? There really wouldn't be any other money in the estate besides the policy, and I want to make sure we plan everything right. Not to be morbid, I just don't know. Thank you guys! It was so helpful and really eases a pretty difficult time for us!

How do you discuss a life insurance policy with your grandparent? My grandmother is almost sixty years and she does not have a life insurance policy. We were talking and I asked her what she had in place in case of a situation. She said nothing. Her plan is for us to sell her house and split the money.

Can a will override a life insurance policy regarding beneficiaries? My father in law had a life insurance policy that stated who the beneficiaries were. A few months ago he re-wrote his will and in the will stated that he no longer wants the original beneficiaries but rather some other ones. The policy was never changed, and he is now deceased. Do we go with the policy or the will?

How do I get information about a life insurance policy where I am beneficiary? My Dad told me he named me on a life insurance policy. He just died. Because of certain family dynamics, I may not ever receive information regarding this policy. Is there some way I can contact the major companies to find out if the policy is with them? What information might I need to give them? Can I do it on the phone or in writing? I just need to know which one and then I can provide them with the death cert etc.

Is a small life insurance policy put into a savings account the same thing as earned income savings? I am wanting to know if I have to report as savings a small life insurance policy that is not earned income. I keep it in a savings account but it is not considered as earned income right? I am wanting to protect it if at all possible for emergencies only.

Should I buy a life insurance policy before leaving the country? I am going to study in Poland, Germany, and China for an MBA program. I will be gone for almost 11 consecutive months. My parents have asked me to purchase a life insurance policy for a couple thousand dollars. Isn't that weird, or am I just over-reacting? I am only 22 years old. Why would I need a life insurance policy for a couple thousand dollars?

How long should I get a term life insurance policy for? I'm researching term policies to cover the shortfall for life insurance from my work. How long is reasonable to get a term policy for? Term to 60, 75 or 100 years?

Would a will and life insurance policy be valid in a different state? If I make a will and a life insurance policy in Florida, would both of them be valid in Hawaii or would I need to update it? Sources?

How do I find out if my Life Insurance policy is good? I keep hearing all the horror stories of Life Insurance policies being no good. I have a policy through AARP and New York Life. Does anyone know of a way I can check with someone regarding the dependability of my policy.

How can I cash in a life insurance policy early? I realize this may not be possible. My dad got a life insurance policy on me when I was in college that he has been paying for 16 years. He has terminal cancer now and has given the policy to me. I already have plenty of coverage. Is there a way I can get any of the money my dad paid back from the insurance company? This isn't born out of greed; I'd like to get my dad's money back to him. I am not clear on how life insurance works and realize this may not even be a possibility.

How do I get a life insurance policy in the UK that pays me a bonus at the end of the term if I don't claim? I want a new joint life insurance policy as we're moving home, but instead of the usual life and critical illness (the latter part of which I'm told rarely pays out anyway), I'd like a life insurance policy that will pay me on maturity, i.e. at the end of the term. My inlaws are forever getting sums of money for insurance policies they took out years ago, but I can't find out where to get one. I need at least £100,000 of life insurance for at least 20 years as it has to cover my mortgage if one of us dies. Am I looking for an endowment policy? How do I get one without finding a financial advisor?

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.

Has a life insurance company ever refused to let you surrender your policy? My dad has a whole life insurance policy that he's had for years and wants to surrender and get the cash value. The insurance agent has been giving him the runaround and trying to get out of sending him the forms to surrender the policy. Is this typical and what can you do about it?

Would the beneficiary of a life insurance policy be obligated to pay for the dead final expenses? My father had a life insurance policy and he passed on January the 26 2010. He has two children my brother and myself. His beneficiary is another person that we know but that person refuses to pay for the final expenses. What can be done to force that person to pay the final expenses?

How do I cancel my life insurance policy? I just turned 19, my life insurance policy just started and I don't want it. I know that you can cancel it by stop paying for it, but what if it's connected to my bank account?

How can I track down a life insurance policy? My father died about two years ago. His family didn't know about his first born...ME! But, he did keep in touch with one of my aunts and told her that he'd be dieing soon and that he'd purchased a life insurance for me. Without contacting his living wife, how can I track down the insurance policy? Lawyers can't track them...already tried.

When getting a Life Insurance Policy, what are they looking for when you put the oral swab in your mouth? When getting a Life Insurance Policy, one must place an oral swab in their mouth for a pre-determined period. I know that it is to check to see if you are a smoker or non-smoker. So what chemical is the company looking for? Nicotine ? Tar? IfI have not smoked in 8 months will they find anything? What about if I smoked a marijuana joint last night?

I need a life insurance policy that is affordable for my mom who has cancer? I do not have alot of money and I am trying to find a life insurance policy that I can afford for my mom. Sha has cancer in her throat and I can not find an insurance company that will give her insurance under $100 a month. Ant ideas?

How easy is it to collect a universal life insurance policy on someone after they have passed away? Also do I need to pay taxes on a universal life insurance policy as well? I have a universal life policy currently on my father who is now 80 years old, and looks like will soon be passing due to his illnesses. I want to know how easy is it to collect on the policy after he pasts away? Is there a certain number of years before the policy matures?

Can my mother cash in a life insurance policy she made out to me? A few years ago, my mother put $25,000 in a life insurance policy for me, so I could have it when she died. Can she cash it in? Does she need my signature? Or is it unavailable until she dies? My mother has incipient dementia and has spent or lost all her money except (she says) for this policy. There's no need to get snarky, people.

What are the limitations on a life insurance policy? I would like to know if I can take a life insurance policy on my daughter's father and list her as the beneficuary. I really would like to ensure she is taken care of in case something will happen to him. We are not currently living together. However, he pays child support n the amount of 10K per year. I do not care for the money going to me... as for it is for her benefit! Also is it possible for me to get a Court order requiring him to do so... I do not want the money for me... and I do not want to be sneaky about it. I just want my daughter to be taken care of, should something happen to him in the near future. Also, I would like for it to be put into a trust account.

How can I find out if an old life insurance policy is still in effect? Going through my parent's estate, I found their life insurance policies which were probably purchased in the 1950's. I called the insurance company, but the agent I spoke with had no idea what was talking about when I gave the policy number. He said their records only go back 20 years. I'd like to know if I can cash them in, for how much and if that are even still valid - they may have lapsed. Do I have any other recourse?

How Much interest does a life insurance policy accumulate? My aunt died recently, and she had a life insurance policy no one knew about, and my mom is the beneficiary. She wanted me to find out how much interest can be accumulated from a general policy. It was never updated, and it was just sitting there gaining interest since the 1960's. The original amount was $500. Does anyone have an estimate of how much it could be worth now? My mom told me if i found out, and helped her, she would give me some money :)

How much cash value does our Life Insurance policy have? We have had our Permanent Life insurance policy for a year now. It is a policy for $25,000. Our monthly premium is $25.14 a month and we have paid that for 12 months now? How much cash value do you think we have invested in it? We are in a desperate financial need right now, and need to borrow some money from our policy.

I believe my grandpa was tricked into buying an Accident Life Insurance Policy. Is there anything we can do? My grandpa died from cancer. He believed he was leaving our family with enough money from the life insurance policy to be able to pay off our home. We were suprised to find out he has Accidental Life Insurance when we tried to make the death claim, and that we would receive nothing. We believe he was tricked into purchasing this less expensive policy. Is there anything we can do?

Is there a time limit on when a life insurance policy can be cashed in? My grandmother passed away last year and my dad is the beneficiary of her life insurance policy. He's still in denial that she's gone, so he still isn't going anything with any of her assets. I'm worried that if he waits too long that there may be some restriction on how long he can wait to cash her life insurance policy. Does anyone know if you can wait as long as you want or if you have to do it within a year or longer?

Does having a life insurance policy make one ineligible for county medical services program? My friend took out a $10,000 life insurance policy on herself so her boyfriend can cover her final expenses when she dies. She is on California's CMSP program and I told her she may be ineligible for CMSP because of the policy. Is the policy considered a $10,000 asset? If anyone knows, please respond because she only has a week before she can terminate the policy without penalties.

How can I transfer a life insurance policy? My parents took out a life insurance policy on me when I was a child. I am now married and would like to transfer it into my name with my wife as the beneficiary. Is this possible?

Will a USA-based Life insurance policy still be valid if I move to England? My mother wants to get a life insurance policy through Colonial Penn, but we are planning to move permanently to England in about 2 and a half years. Will this policy still be valid there or???

Can someone buy a life insurance policy for someone else without their knowing? I'm worried that someone may have bought a life insurance policy for me without my knowing. Is this legal? And is there any way for me to find out whether someone has a policy on me? I just don't want there to be a financial incentive for this person to kill me off.

Is it a good idea to borrow money on a life insurance policy? I need $1000.00 for home repairs and to pay some bills. I am thinking about borrowing on a life insurance policy. The interest is 8%. How much will I be paying back if I repay it within 12 months. Is this a good idea?

As beneficiary to a life insurance policy with an accidental death claim can anything tie up the processing of? I am the beneficiary of a life insurance policy purchased by my fiance who passed away in a car wreck recently. Two policies were purchased by her naming me as the beneficiary but the agent is telling me they can't be processed until an executor or heir signs a Hipaa release and if no one will then the claim cannot be processed. This does not seem fair or correct. Can anyone tell me what to do?

How can I determine if a 1903 Prudential Life Insurance policy is valid? I found a 1903 Prudential life insurance policy in a box at an estate sale. How can I determine if this is still valid? Also, though i am not an heir, I bought the document so am I the owner?

How can I determine if a 1903 Prudential life insurance policy is valid? I found a 1903 Prudential Life Insurance policy in a box from an estate sale. Is there a way to find out if this is valid still? Also, I am not an heir but I bought the document so am I the owner?

Can a person already having life insurance take another life insurance policy from another company? i already have a life insurance policy from LIC, india. can i take another policy from ICICI? can i have 2 life insurance policies at the same time?

If a person has a life insurance policy on someone, and then they die what happens? If a parent has had a life insurance policy on their child since they were small, what happens when the policy owner dies? My dad had one for all of us kids. He is 85 and in very poor health. Would it be possible for us to have our policies and keep up the payments or can't the beneficiary be changed? His wife may not give them to us anyway but I have no life insurance and it would help me immensely.

Where do i get a good life insurance policy with less premium ? Where do i get a good life insurance policy with less premium ?

Can a life insurance company cancel a policy within the first two years of inception if suicide is suspected? My friend has a term life insurance policy that is less than 2 years old. She entered the hospital recently for a newly diagnosed bipolar disorder and had admitted to thoughts of suicide. Within 2 months of her stay and diagnosis, her term life insurance policy was canceled by the insurance company for reasons of risk. Can they legally do this? I read the policy, but am unclear whether they have the right to do this. Thanks.

What kind of life insurance policy should I buy? I want to get a life insurance policy for my husband but I don't know anything about insurance. I want something that I won't really have to pay much for right now, but that will give me a lot of money when he dies. What is the best?

How do I find out if someone that has died had a life insurance policy? My best friends sister died recently and we suspect that someone in the family has a life insurance policy on her, but doesn't want anyone to know about it. Is there any way we can find out if someone other than her husband had/has a policy on her?

Does life insurance pay the spouse if the other commits suicide years after they brought the policy? If a couple brought a life insurance policy years ago, and one of them commits suicide today. WILL THE INSURANCE PAY THE SPOUSE?

how can I research a cancelled life insurance policy? My dad died about 3 weeks ago. My dad retired from his job of 32 years with a life insurance policy of $5,000.00. Upon his death we turned the certificate in to the funeral director. The director was told by the insurance carrier that the policy had been cancelled back in 1994. Was it possible for them to cancel his insurance without his knowledge and what's the best course of action in researching this insurance matter?

How do I go about finding a life insurance policy that was left to me? How would I go about trying to find an unclaimed life insurance policy that was left to me, without knowing what insurance it was under. It was about 5 years ago.

What's the smartest way to cash out a flexible variable life insurance policy? I inherited a flexible variable life insurance policy that my now deceased grandfather bought for me a long time ago. The value on it has gone down in value by about $900 since I found out it was mine 3 months ago...should I just cash it out now or is there a smarter way to cash out the surrender value (it's tied to the stock market...so I know there's probably not much I can do)? Help please.

Can I buy a life insurance policy on my mother without her knowing it? My mother is convinced she can't get a life insurance policy (just for burial purposes) because she has degenerative disc disease and that it would be too expensive.

Can I convert my Adjustable Life Insurance policy to Term Insurance? I currently have a $300,000 Adjustable Life Insurance policy and want to convert it to a $300,000 20 Year Term. Can I do this or will I have to surrender the policy and start a new policy? I checked my life policy and there is nothing mentioned about any type of conversion. Just curious about everyone's thoughts.

How can my husband open a life insurance policy? We recently found out we are expecting a baby and need to open a life insurance policy in case something would happen to him so we'd be taken care of. We have insurance that is paid for by his employer. How do we go about getting life insurance? Is it added to our existing medical insurance, or can we get it separately?

How do you pull out cash value that's accumulated on a life insurance policy? I heard that there's a cash value that accumulates on a life insurance policy. If I am the beneficiary, how do I pull out cash on it?

Can you cancel a Life insurance policy over the phone? My mother in law past away suddenly three years ago. We found out through the executor of the will, (brother in law ) that there was a life insurance policy that was never mentioned. When we questioned him on it. He said it was payable to one child of the four (my husband) but it was never mentioned because he said the policy was canceled over the phone. I was told by a lawyer that policy can only be canceled in writing or it can lapse for non payment. Is there a standard that is upheld for life insurance cancellations?

What is the best life insurance policy to go with? What is the best health insurance and life insurance policies to go with? I am recently out of the military and need to purchase an individual health ins policy. However, I am not sure which ones are the best. I am a student, do they offer any good student policies? Also, is the SGLI to VGLI conversion a good change to make? If not, which is better term or whole life insurance policies?

What kind of life insurance policy should I get? I want to get a life insurance policy for my husband but I don't know anything about insurance. I want something that I won't really have to pay much for right now, but that will give me a lot of money when he dies. I want to figure this out soon so I can get the money by next Friday so I can go to Hawaii. What is the best?

What is the best life insurance policy? What is the best health insurance and life insurance policies? I am recently out of the military and need to purchase an individual health ins policy. However, I am not sure which ones are the best. I am a student, do they offer any good student policies? Also, is the SGLI to VGLI conversion a good change to make? If not, which is better term or whole life insurance policies?

How can I borrow from a life insurance policy that another individual holds on me? When I was an infant, a family member pulled out a life insurance policy on me. I am now 20, and the policy is still in effect. I'm in a serious financial situation with debt from hospital bills and I wondered how I could borrow on that money. I know it's possible I just need some advice and direction. Please help!!

Where can my husband open a life insurance policy? We recently found out we are expecting a baby and need to open a life insurance policy in case something would happen to him so we'd be taken care of. We have insurance that is paid for by his employer. How do we go about getting life insurance? Is it added to our existing medical insurance, or can we get it separately?

What kind of life insurance policy should I get? I want to get a life insurance policy for my husband but I don't know anything about insurance. I want something that I won't really have to pay much for right now, but that will give me a lot of money when he dies. I want to figure this out soon so I can get the money by next Friday so I can go to Hawaii. What is the best?

Can you transfer a whole life insurance policy to another company? I am unhappy with both the performance and service on a whole life insurance policy that I've had for about 11 years. Do I have any options? I'd never get the same rates now. I was told when sold the policy that dividends could pay the premium after 20 years...doesn't look like that is the case. Also, the cash value is LESS than the actual money i have put into it. Is this normal or do I have a crappy policy?

Can someone legally take out a life insurance policy on another person without their knowledge? Is there a way to find out if someone has taken out a life insurance policy on you, without your knowledge, much less permission? And if they have, is there a way to have that policy cancelled or any other legal reprocussions?

My Mother purchased a Life Insurance Policy through Lincoln National Life Insurance? Is there fraud? The policy is a Flexible Premium Adjustable Life Insurance Policy. A lawyer nephew of her new husband sold it to her, and she signed it before we, or her lawyer got to look at it. She claims 1) She has to pay no premiums 2) If she dies before 2011, we will receive $4 million 3) If she lives longer, she gets $300,000 per year sent to her! Is there a fraud like this going on?

If a life insurance policy ends, do the beneficiary still get the money when the person dies? According to my mom, my dad opened a life insurance policy around 1985-1987, it was a 20 year policy. Well, 20 years ended 2-4 years ago. Last Sunday, the 26th (also my birthday... ironic...) my dad passed away. I was wondering if the life insurance is still claimable. The insurance company has been taking money out every month since the policy opened from my parents checking account. Would all that money really be just... gone if it wasnt renewed?

Does the owner of a whole life insurance policy have to die prematurely for the policy to pay out? Hi. I'm trying to learn more about how life insurance works...basically, I know nothing at this point. So, lets say the father in a family has a whole life insurance policy for like $2 million. What will his family receive if he dies prematurely? What would they receive if he died of natural causes when the children have grown up? Thank you!

When insurance companies take blood and urine before ok-ing a life insurance policy what are they looking for? I am taking out a $450,000 life insurance policy and wanted to know why the tests were so intrusive? I don't smoke or do drugs and I am both HIV and Hepatitis negative. Are they looking for STD's, blood diseases, what? Just curious.....Thanks.

How can I find out if a recently deceased loved one had a life insurance policy ? A loved one passed unexpectedly, and the family is wanting to know if there was a life insurance policy, but we don't know how to research this. Any tips would be greatly appreciated !

How do I go about finding out if someone has taken out a life insurance policy without my knowledge? I am suspicious about a relative of mine. I have a sneaky suspicion that there is a life insurance policy on me. I did not authorize this person to do so. I am getting a lot of emails and postal documents concerning life insurance.

Anyone have any expertise on Life Insurance? What happens to the monies invested once a policy lapses? I have a friend who's Life Insurance policy lapsed due to non-payment of premiums, after losing her job. She had paid into the policy for 10 yrs. I thought she might have some sort of refund or (partial reimbursement) due her . She thinks she's entitled to nothing & won't even call the insurance company. Any ideas?

How can someone purchase a life insurance policy for someone else without them knowing? I always see on Forensic Files and other shows about murderers, they are able to purchase a life insurance policy for their spouse or relative without the person's knowledge. Then they kill the person for the money. Why are they able to buy a life insurance policy without the person knowing about it? Wouldn't that prevent some murders if there were better procedures put in place?

How can my husband open a life insurance policy? We recently found out we are expecting a baby and need to open a life insurance policy in case something would happen to him so we'd be taken care of. We have insurance that is paid for by his employer. How do we go about getting life insurance? Is it added to our existing medical insurance, or can we get it separately?

How are life insurance policies paid out? To the policy holder or the trustee? My parents have a life insurance policy in my father's name. They are both trustees. They are now divorced. Who receives the benefits of the policy as it has now matured? Any help would be appreciated.

What kind of life insurance policy should I get? I want to get a life insurance policy for my husband but I don't know anything about insurance. I want something that I won't really have to pay much for right now, but that will give me a lot of money when he dies. I want to figure this out soon so I can get the money by next Friday so I can go to Hawaii. What is the best?

How can my friend find out if her late father has a life insurance policy? My friend's father died recently. Twenty years ago, her father took out a small life insurance policy to pay for his funeral expenses. The beneficiary is my friend's stepmother. The stepmother doesn't even recall a life insurance policy. She wonders if he had cashed it out. How can my friend find out if a life insurance policy still exists? Those unclaimed fund sites don't usually include life insurance policies, and the life insurance company may not know that a death has occurred.

How do you discuss a life insurance policy with your grandparent? My grandmother is almost sixty years and she does not have a life insurance policy. We were talking and I asked her what she had in place in case of a situation. She said nothing. Her plan is for us to sell her house and split the money.

How does one go about beating a nicotine test for a life insurance policy? Just found out my buddy needs to take a swab test for smoking to get a life insurance policy, he needs help beating it. Any ideas? (And no judgmental, moron answers either please) Its a cotton swab test, not a urine test.

Is it possible to borrow against your life insurance policy? I recently know of someone who has used money from their life insurance policy to get caught up on bills. I didnt know that you could do that.

Is it unusual for a life insurance policy to cover suicide? No, I'm not planning on committing suicide. I was reading my life insurance policy wording the other day and was surprised to see that after 13 months, suicide is covered. Thanks for the responses. I was just curious. :)

life insurance policy that covers whether the policy holder lives or dies is? A life insurance policy that pays whether the policyholder lives or dies is called?? Im trying to find out good insurance, and figure out what they all mean. Thank you!! Policyholder would be ME.

who is the owner and who is the beneficiary in a key person life insurance policy? who is the owner and who is the beneficiary in a key person life insurance policy? i think its the employer for both right?

How long does it take for a change in ownership on a paid up life insurance policy? My parents took out a life insurance policy on me when I was a baby back in 1968. I'm not sure as to how long this was paid up & it has accured interest. They are both deceased & I have to send Met Life a copy of both of their death certificates before they can change it to my name & I can cash it in. I'm wondering just how long does this process take as far as the change in ownership? Just as an FYI, I called Met Life yesterday & they had both of my parents info. However since they were the owners of the policy they could not release any info. I do have plans to cash it in no matter what.

How can I not repay loan to AXA on life insurance policy? I have a life insurance policy and I owe $29,000 to the company (AXA) An agent hs told me I can do a 1035 exchange and wipe-out the loan. How can it be that I would not have to repay the money? Would I have to pay it to the new insurance company?

Does a Will over ride prior life insurance policy beneficiaries? Lets say the Last Will and Testament says Person One has been disinherited and is to receive $1 (to prove they were acknowledged) but Person Two is to receive everything, but the old life insurance policy names Person One AND Person Two as equal beneficiaries. Who gets the money?

Can I take out a life insurance policy on someone else? My sister and I would like to take out some sort of life insurance for my mom since my mom does not have any savings/401k nor does she have any life insurance. We just want to be prepared for when she dies so that there won't be such a financial burden on the family. So, can we take out a life insurance policy on her? And do we have to have her consent to get her covered because she is very resistant to talking about dying and such?

What happens to a life insurance policy if there is no beneficiary?? Someone has died, and had a life insurance policy but didn't have anyone listed as a beneficiary. Before his death he did write a will of sorts saying that he wanted everything to be handled by his sister. So what happens to the life insurance, how does the sister find out where to go and what to do. Does she have to go get an Estate lawyer?? The insured also has a 17 year old daughter, so would it go to her since she is his daughter even though not listed as benificiary??

Can I be forced to turn over my deceased husband's life insurance policy? I am the beneficiary of my deceased husband's life insurance policy and his ex-wife is now demanding that I give her the policy, do I have to do as she ask or can I just proceed with filing a claim. I live in texas and she said that she was gong to get a court order to make me give it to her. Is this possible?

How do I find and cancel a life insurance policy? My biological parents have a life insurance policy out on me (I am of majority/legal age) that I wish to cancel. However, I do not know what company they have it with, or even the size of the policy - only that they have it. How can I go about finding and canceling the policy in a timely manner (As in, within a few days at most).

Can the government track down my life insurance policy? I'm disabled and want to apply for SSI (Social Security Income), but I may not qualify because I have a life insurance policy worth 30 grand that was set up for me by my parents. I can cash out the policy and instantly spend down the money. However, do you think the government would find out about the policy? Everything like the accumulated interest on the policy is tax exempt, so I never had to report anything about it.

Is there a time limit on redeeming a life insurance policy? When my brother died unexpectedly at the age of 37 our family was not able to locate the life insurance policy. It had found its way into my grandmother's papers when she retired to Florida and we didn't find it until recently, about fifteen years after my brother's death. Can we still redeem it?