What is the content of a life insurance policy?

What is the content of a life insurance policy?
by

1 Answer

Answer :

Life insurance plans are among the most popular insurance plansin this age of uncertainty. these insurance plans are made toprotect you and your loved ones from the uncertainty of life. Thismeans if you have bought a life insurance policy and somethingunfortunate happens to you or your loved ones the insurance companyprovides the beneficiary with an accumulated cash amount to cope upwith the financial challenges. this amount can be utilized to takecare of funeral expenses, pending debts, medical and otheressential expenses. By just filling a request on insurance portals,you can easily get insurance quotes from multiple providers andchoose a plan that provides maximum coverage at the preferredprice.
by
selected by

Related questions

Would you ever take a life insurance policy out on your kids?

Description : Would you ever take a life insurance policy out on your kids?

Last Answer : No. I’d rather put the money into some kind of savings.

Can I do this with a life insurance policy on myself?

Description : Can I do this with a life insurance policy on myself?

Last Answer : Yes, you could.

If life insurance policy was worth $10,000.00 in 1955 how much will it be in 2009?

Description : If life insurance policy was worth $10,000.00 in 1955 how much will it be in 2009?

Last Answer : Unless the terms of the policy have changed, $10,000.

Can anybody here help an idiot looking for an investment/life insurance policy please ?

Description : Can anybody here help an idiot looking for an investment/life insurance policy please ?

Last Answer : What you are describing is known as a whole life' policy, and is not considered a good investment. A better track to follow would be to invest in a 401k at work or an IRA on your ... do, be careful! There are lots of advisers' that are really just salesmen for one insurance/investment company.

which is better, a loan from life insurance policy or a bank?

Description : which is better, a loan from life insurance policy or a bank?

Last Answer : Need Answer

how to find information about a old life insurance policy

Description : how to find information about a old life insurance policy

Last Answer : Try following steps from this blog: http://wainsurance.blogspot.com/2011/04/how-to-find-old-life-insurance-policies.html .

How can I obtain a form for cash surrender on an life insurance policy from Southwestern Life Insurance Dallas TX?

Description : How can I obtain a form for cash surrender on an life insurance policy from Southwestern Life Insurance Dallas TX?

Last Answer : Call the company's customer service or go online to theirwebsite.

Life Insurance Policy, Collection by Executor?

Description : Life Insurance Policy, Collection by Executor?

Last Answer : Life Insurance Policy, Collection by Executor(Download)Re: Estate of: ___________________Date of Death: __________________Social Security Number: __________To Whom It May Concern:I am the Executor of the Decedent ... the Decedent may have also owned a partial or whole interest in a policy on anoth

What are the disadvantages of a Modified whole life insurance policy?

Description : What are the disadvantages of a Modified whole life insurance policy?

Last Answer : A major disadvantage of a modified whole life insurance policy is that you can never change the face value on your policy. Additional coverage would require the purchase of an another policy. Also the growth potential on your policy is limited.

Can I get a 25 year term life insurance policy for someone who has a pre-existing medical condition?

Description : Can I get a 25 year term life insurance policy for someone who has a pre-existing medical condition?

Last Answer : Yes, unless your health condition is expected to be fatal in the next few years. However, if the condition shortens life span, your insurance rate will be higher. You could also consider life insurance ... payoff life insurance, which you can qualify for even if term life insurance is out of reach.

Does State Farm Insurance Company offer a no medical exam life insurance policy for men and women over 65?

Description : Does State Farm Insurance Company offer a no medical exam life insurance policy for men and women over 65?

Last Answer : Yes, State Farm Insurance Company offer a comprehensive no medical exam life insurance policy for men and women over 65, just go to their website.

Do all life insurance companies require that you take a physical in order to get a policy?

Description : Do all life insurance companies require that you take a physical in order to get a policy?

Last Answer : No, not all insurance companies require that you take a physical in order to get a policy. One such example is GEICO and Allstate.

How do you check the status of an old life insurance policy?

Description : How do you check the status of an old life insurance policy?

Last Answer : You should contact the company. If they have gone out of business, their policies will have been taken over by someone else, so you should find out who. The state department of insurance should know, if you can't find out through any other means.

What does the 50 life insurance policy entail and is it a good choice?

Description : What does the 50 life insurance policy entail and is it a good choice?

Last Answer : Also known as guaranteed acceptance life insurance, this type of policy is available to people within an age window, usually starting at age 50. There are usually no medical tests or rate increases with ... beneficiary. If you are satisfied with these terms, then this policy might be good for you.

Life Insurance Policy?

Description : Life Insurance Policy?

Last Answer : form_title=Life Insurance Policy form_header=Protect your loved ones with a lifetime of financial security. Find a life insurance policy customized to fit your needs. What type of life insurance policy do you want to ... you want to buy?=_ Who will it cover?=_ Who would you list as beneficiary?=_

Postal life insurance policy available in a) 5 types b) 6 types c) 7 types d) 4 types

Description : Postal life insurance policy available in a) 5 types b) 6 types c) 7 types d) 4 types

Last Answer : b) 6 types

HSK, an LLP has taken keyman insurance policy on the life of its managing partner. The policy got matured on 13th September 2017 and an amount of rupees 75 lakhs was paid by the insurers to the Managing partner. The amount so received on maturity of the policy a. fully exempt under section 10(10D) b. 50% of rupees 75 lakh is exempt c. rupees 75 lakh is taxable d. rupee 25 lakh is exempt and Rs 50 lakh is taxable

Description : HSK, an LLP has taken keyman insurance policy on the life of its managing partner. The policy got matured on 13th September 2017 and an amount of rupees 75 lakhs was paid by the insurers to the Managing partner ... c. rupees 75 lakh is taxable d. rupee 25 lakh is exempt and Rs 50 lakh is taxable

Last Answer : c. rupees 75 lakh is taxable

Find old insurance policy information?

Description : Find old insurance policy information?

Last Answer : Good luck. You might find evidence of this in corporate records, if they still exist. But no insurance company would pay out on the basis of that sort of evidence. If it's flood insurace - that's ... (fire, theft, etc.) is likely long lost, since the policies would have expired 50 years ago.

Car Insurance Question: Would a policy cover this damage?

Description : Car Insurance Question: Would a policy cover this damage?

Last Answer : If the other driver is insured, his/her liability insurance would cover some of it up to his coverage limits. If they're uninsured it would come back to your insurance. In that case you'd have ... policy and what are the dollar limits. You could be covered or screwed, depending on what's covered.

Can an insurance company cancel your policy or raise your rates after a roof claim?

Description : Can an insurance company cancel your policy or raise your rates after a roof claim?

Last Answer : answer:I had wind damage from a tornado and Nationwide replaced my roof and my rates stayed the same. You should not have this problem of your rates being raised, just because of a claim that was created by an act of God. Read your policy.

Can you put an adult child on your car insurance policy, even if the title to the car is in their name?

Description : Can you put an adult child on your car insurance policy, even if the title to the car is in their name?

Last Answer : KatawaGrey has her own car, in her name, but my policy covers us both. We have Progressive and we live in CT. Does that help?

How can I find out exactly what my insurance policy covers?

Description : How can I find out exactly what my insurance policy covers?

Last Answer : answer:Oh…I thought this was about car insurance, but now I don’t have an answer lol. Sorry. I would assume you would have to call around to a bunch of different places, finding out which insurance they take, and then verifying that with your insurance company.

For a typical car insurance policy, what type of insurance would pay for paint/body damage (est. <$500) to another vehicle?

Description : For a typical car insurance policy, what type of insurance would pay for paint/body damage (est.

Last Answer : Liability.

How can I find a reasonable health insurance policy?

Description : How can I find a reasonable health insurance policy?

Last Answer : Blue Cross/Blue Shield, Aetna, Humana are a few carriers who offer inexpensive bridge coverage for people between jobs, recent grads or anyone needing individual, generally short-term coverage. I ... deductible and lowered his monthly payment from $550 with COBRA to less than $100. Try google

What are some best term insurance policy offering companies in India?

Description : What are some best term insurance policy offering companies in India?

Last Answer : ICici prudential, HDFC, Aegon, exide life. Among these, I personally using ICICI, Aegon. Even life insurance corporation of India, govt company too offer term insurance plans.

What is considered a critical illness in an insurance policy?

Description : What is considered a critical illness in an insurance policy?

Last Answer : Need answer

What dose medical coverage on an auto insurance policy cover?

Description : What dose medical coverage on an auto insurance policy cover?

Last Answer : Medical bills for yourself and anyone else in the car in the case of an accident- apex

What is a P-and-P date in an insurance policy?

Description : What is a P-and-P date in an insurance policy?

Last Answer : This may refer to the "Prior and Pending" litigation date in aDirectors and Officers liability policy for a corporation. A newpolicy will not cover litigation that is either existing (prior tothe effective date) or in the process of being filed (pending).

How to Select the Right Type of Insurance Policy for your Boat?

Description : How to Select the Right Type of Insurance Policy for your Boat?

Last Answer : Not all boat insurance policies are alike, and different types of policies are required for different types of boats. One of the most important facets of selecting the correct policy for a ... suited for a runabout.Two of the eight boat categories comprise those boats that have been specificall

What types of insurance policy apply for tenants in rental houses?

Description : What types of insurance policy apply for tenants in rental houses?

Last Answer : If you are a tenant who rents out an apartment, house or building for living space it is a great idea to get renter's insurance. Without renter's insurance you could lose all of your personal ... your stuff. Here's a place that sells policies: http://www.statefarm.com/insurance/renters/renters.asp

What are the disadvantages to a POS Health Insurance policy?

Description : What are the disadvantages to a POS Health Insurance policy?

Last Answer : The disadvantages are limited choices since you are required to choose a primary care physician. The primary physician must then make referral outside the network and getting the referral for specialists may be difficult.

What is the price of the cheapest 10 year term insurance policy?

Description : What is the price of the cheapest 10 year term insurance policy?

Last Answer : it varies on the company and the amount of insurance. with the annual 1000 $ or so the cheapest policy are available . they are most affordable which one can consider.

Is there a difference between tenants policy insurance and renters insurance?

Description : Is there a difference between tenants policy insurance and renters insurance?

Last Answer : They are both the same thing. They cover your personal belongings and liabilty protection.

Do I need a used car Georgia insurance policy if my car is not running?

Description : Do I need a used car Georgia insurance policy if my car is not running?

Last Answer : No, car insurance is not required in the state of Georgia for a vehicle that is not drivable.

How much uninsured motorist coverage do I need on my auto insurance policy in the state of Georgia?

Description : How much uninsured motorist coverage do I need on my auto insurance policy in the state of Georgia?

Last Answer : You need at least $2000 uninsured motorist coverage for you auto insurance policy in the state of Georgia

If you have a water damage claim on your house and you sign to close it out but learn things were not did as policy stated they should be how long do you have to file a suit against the insurance company?

Description : If you have a water damage claim on your house and you sign to close it out but learn things were not did as policy stated they should be how long do you have to file a suit against the insurance company?

Last Answer : You should contact the Troubled Teen Academy at 866-755-8400.

Why Should I Buy insurance Policy for a Used Car?

Description : Why Should I Buy insurance Policy for a Used Car?

Last Answer : Nowadays, the demand for used cars has grown in leaps in Malaysia. Car insurance plays a major role in buying a used car. If you are also purchasing a used car, then you need to ... Insurance Papers Transfer insurance policy ownership Buy a new insurance policy if previous owner does not have one

Do tickets affect my car insurance policy in Louisiana?

Description : Do tickets affect my car insurance policy in Louisiana?

Last Answer : Unfortunately, these incidents will make your car insurance rates go up. How much will depend upon the type of driving offense.

Should I look for a car insurance quote Louisiana before purchasing a policy?

Description : Should I look for a car insurance quote Louisiana before purchasing a policy?

Last Answer : The very best way to save money on car insurance is to get quotes first from several insurance companies. By getting quotes before purchasing a policy allows you to compare coverage and even ... or higher deductibles. It is always good to shop around between insurance companies by getting quotes.

Add PIP To An Illinois Car Insurance Policy?

Description : Add PIP To An Illinois Car Insurance Policy?

Last Answer : Vehicle owners in Illinois are required to carry liability and uninsured motorist protection in order to be in compliance with state law. Personal injury protection is not mandatory, but many drivers ... the insured's vehicle should it be struck by a driver not carrying proper liability protection.

Add PIP Coverage To A Texas Auto Insurance Policy?

Description : Add PIP Coverage To A Texas Auto Insurance Policy?

Last Answer : Drivers in Texas are required to carry liability insurance protection. Personal injury protection or PIP is not mandated by state law but provides an additional layer of protection when an accident involves ... customer has a good driving record and has filed few or no claims over the years.

What is California's policy on car insurance for disabled drivers?

Description : What is California's policy on car insurance for disabled drivers?

Last Answer : California laws dictates that people with disabilities cannot be denied car insurance coverage. Each individual will have to be assessed and the risks factors written into the car policy as the insurance company must do, but you can get coverage with insurance companies if you are disabled.

Which rental car insurance policy is the best one in Pennsylvania for a temporary period?

Description : Which rental car insurance policy is the best one in Pennsylvania for a temporary period?

Last Answer : Nationwide and travelers seem to have the highest ratings out of any car insurance policy in the Penn area. The cheapest and best insurance place would be travelers in Pennsylvania.

How much more do I have to pay to add uninsured motorist insurance to CA car insurance policy?

Description : How much more do I have to pay to add uninsured motorist insurance to CA car insurance policy?

Last Answer : It really depends on your driving background and if you've had tickets before, been in an automobile accident recently etc. It can cost anywhere from 100 dollars to 350 dollars.

What is an AXA car insurance policy?

Description : What is an AXA car insurance policy?

Last Answer : If you are in Another Country you should be able to get AXA insurance because it isnt available in the United states of america. This is the disadvantage of this type of insurance.

Does Your Policy Include Car Rental Insurance?

Description : Does Your Policy Include Car Rental Insurance?

Last Answer : Not every insurance policy extends its coverage to car rentals. This is especially true if the rental is out of state or out of the country. Always read the fine print on your insurance policy to ... cost at individual rental companies. Or, wait to buy extended coverage until you must rent a car.

In order to reduce the risk of heavy insurance the insurer passes on some business to the other company, it is called– (A) Reinsurance (B) Double Insurance (C) Joint Insurance Policy (D) Separate Insurance

Description : In order to reduce the risk of heavy insurance the insurer passes on some business to the other company, it is called– (A) Reinsurance (B) Double Insurance (C) Joint Insurance Policy (D) Separate Insurance

Last Answer : Answer: Reinsurance

A financial contract that derives its value from another asset or an index of asset values is known as __________ A. Insurance Policy B. Security C. Derivative D. Share E. None of the above

Description : A financial contract that derives its value from another asset or an index of asset values is known as __________ A. Insurance Policy B. Security C. Derivative D. Share E. None of the above

Last Answer : C. Derivative Explanation: In finance, a derivative is a contract that derives its value from the performance of an underlying entity.

What are the important instruments under Indian Stamp Act, 1899? A. bill of exchange B. power of Attorney C. policy of insurance D. None of the Above E. All of the Above

Description : What are the important instruments under Indian Stamp Act, 1899? A. bill of exchange B. power of Attorney C. policy of insurance D. None of the Above E. All of the Above

Last Answer : E. All of the Above Explanation: Important Instruments are agreements, conveyances, exchange, gift, Certificate of sale, deed of partition, Power of Attorney to sell immovable property when given ... lading, debenture, letter of credit, policy of insurance, proxy, receipt and transfer of shares.

The primary reason an engagement letter is obtained by audit firms prior to starting the work is that a. It provides an insurance policy for companies entering into the agreement. b. It clarifies the responsibilities of management and those of the auditor. c. It communicates the type of opinion that will be rendered on the engagement d. It defines the firm's policies and procedures regarding new clients

Description : The primary reason an engagement letter is obtained by audit firms prior to starting the work is that a. It provides an insurance policy for companies entering into the agreement. b. It clarifies ... be rendered on the engagement d. It defines the firm's policies and procedures regarding new clients

Last Answer : It clarifies the responsibilities of management and those of the auditor