| Subject | Date Asked |
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| Life Insurance and Funeral Payment | 9/23/2008 |
Q: Can a funeral home demand payment, from a life insurance beneficiary, for the deceased's funeral ...
A: Jill, The LI company must pay the beneficiary directly, and has nothing to do with any other ...
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| insurance policies | 9/23/2008 |
Q: i'm an student of mba. i want to know that are there any non-life insurance policies ...
A: Ekta, I will be happy to answer your question, but I'm not sure I understand it. A life insurance ...
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| Universal vs Term life | 8/21/2008 |
Q: My wife and I just bought a Universal life insurance policy. We each have $100,000 in coverage. ...
A: Bryan, You don't mention your age, but I'm guessing it's around 30. The short answer of the ...
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| Life Insurance | 8/11/2008 |
Q: What is the difference between Guaranteed Cash Value and (Net) cash value of my life insurance ...
A: Patti, "Guaranteed Cash Value" is the cash value you will have, guaranteed, at the specific time in ...
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| Life Insurance | 8/8/2008 |
Q: My father in law recently passed away. He told my husband and his other children that they were all ...
A: Jennine, For the life insurance policy, a claim to the insurance company must be completed. This ...
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| LIFE INSURANCE | 8/5/2008 |
Q: 000 cash value I was told i could get a loan pay it Or if close it the cash value i would be taxed ...
A: Carolyn, What company is it? I've never heard of a 5/10 rule and I did a quick check to see if I ...
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| LIFE INSURANCE | 8/5/2008 |
Q: 000 cash value I was told i could get a loan pay it Or if close it the cash value i would be taxed ...
A: Carolyn, I expect that if you only have $2,000 cash value, you will not have to pay taxes. Here's ...
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| Life Insurance Questions | 7/23/2008 |
Q: I'm curious as to how life insurance companies investigate FAMILY health history when doing a life ...
A: Sue, Life insurance companies don't actually investigate family health history, other than asking ...
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| insurance | 7/13/2008 |
Q: i have always had life insurance, but have been unclear as to how they work. If for instance i ...
A: Mike, The general idea is that if the policy is still "enforce" (insurance term that means "active" ...
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| Life Insurance Policy | 7/10/2008 |
Q: I took out a life insurance policy with AAA three years ago, It was a much higher premium than they ...
A: Patty, I've never heard of an insurance company not telling you why they lowered your rating, which ...
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| Life Insurance Claim Delay | 7/7/2008 |
Q: I opened a life insurance policy on my mother after finding out that she did not have any life ...
A: Tina, First, sorry about your loss. You need to be very careful as you proceed. During the first ...
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| old life insurance policy | 7/2/2008 |
Q: My parents took out a life insurance policy on me somewhere between 1956-1965. I no longer have the ...
A: Kathleen, Go to http://www.mib.com/html/lost-life-insurance.html. I think it costs about $75 to ...
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| What life insurance company is best for me? | 6/23/2008 |
Q: I'm looking to purchase a life insurance policy and I'm clueless as to what company I should go to. ...
A: Martha, Whole life is the "best", like a Lexus is the "best" car. It is great, what everyone wants ...
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| Life insurance beneficiary | 6/16/2008 |
Q: My husband and i were married ten years and were divorced amicably in March 2007. He was running in ...
A: Cheryl, Your best bet is to contact a life insurance trained attorney. However, as non-legal ...
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| transfer for value? | 6/11/2008 |
Q: how can i get the cash value from 2 existing second to die policies into a new second to die policy, ...
A: Brian, That's a deep question. It depends on your state and how they handle ILITs, as well as the ...
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| executor and beneficiary are the same. | 6/10/2008 |
Q: Can an estate executor be named sold beneficiary on a life insurance policy where it is believed ...
A: Theus, No. The beneficiary receives the death benefit personally, not as an estate asset. ...
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| Spousal Consent? | 5/22/2008 |
Q: Can a person take out a life insurance policy out on a spouse without their permission? My sister's ...
A: Bethany, It's not a spousal consent issue, but an "insured" issue. No one can take a policy out on ...
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| Divorce&Life Insurance | 5/18/2008 |
Q: Recently my Ex-Husband passed away. Unknown to me, he never changed the life insurance policy we ...
A: Lynn, I'm not sure about the state of Pennsylvania, but in many states a divorce stops all ties ...
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| Life Insurance of deceased relative | 5/12/2008 |
Q: Greetings, I have just lost an uncle that was a military veteran. He was residing in a nursing home ...
A: Quintin, If you go to www.mib.com and click on "consumer" you will find a method for finding lost ...
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| Help with 2 questions | 5/11/2008 |
Q: I am a 32 year old male with good health. I have a wife 36 and 3 young children. I am looking to ...
A: John, If you're in good health, you're probably looking at about $75/month. $1,000,000 is about ...
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| Insurance Policy owner passed away | 4/30/2008 |
Q: My sister just passed away and I found a life insurance policy she brought for mom. My sister is ...
A: Cam, First, as long as the premiums are being paid or the cash value of the policy covers the ...
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| life insurance | 4/4/2008 |
Q: my aunt recently past. Her policy was 23 1/2 months old. The insurance company is contesting the ...
A: Monica, Sorry for the delay in responding. The best thing to do is to gather all of the ...
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| ssd and life insurance | 2/26/2008 |
Q: i am collecting ssd and am 36yrs old. my husband and i both have $100,000 WHOLE LIFE INSURANCE. my ...
A: Tia, Oh no, that's yours. It is a benefit you receive from the US Gov. as long as you are ...
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| ssd and life insurance | 2/22/2008 |
Q: i am collecting ssd and am 36yrs old. my husband and i both have $100,000 WHOLE LIFE INSURANCE. my ...
A: Tia, Regardless of whether your husband passes away, you should continue to receive SSD. Yes, the ...
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| Life Insurance Beneficiary in California | 2/15/2008 |
Q: Is it true that you must put your spouse as beneficiary on your life insurance in state of ...
A: Rita, The specific difference is that this policy is provided by the company and most states have ...
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| Hold or sell whole life policy? | 1/21/2008 |
Q: Prudential Whole life started 1965 - $10k - $20k accidental. Many years ago, salesman talked me ...
A: Jack, Actually, your current death benefit (based on how I read your initial question) is ...
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| Hold or sell whole life policy? | 1/20/2008 |
Q: Prudential Whole life started 1965 - $10k - $20k accidental. Many years ago, salesman talked me ...
A: You probably were not snookered by the salesman. Prudential folks were generally very reputable and ...
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| Insurance Benificiary vs Estate Executor | 1/3/2008 |
Q: Can an estate executor have any claims to a sole benefiaries payout on a life insurance policy? The ...
A: Christie, All items that have a beneficiary must be paid to that beneficiary. For example, in ...
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| Trouble Obtaining a Death Certificate | 12/13/2007 |
Q: My husband is trying to obtain a death certificate for his aunt who died a year ago for a life ...
A: Tina, As in most states, New York (or the city of Buffalo) will provide a death certificate to ...
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| Trouble Obtaining a Death Certificate | 12/13/2007 |
Q: My husband is trying to obtain a death certificate for his aunt who died a year ago for a life ...
A: Tina, I am not sure if I understand the question properly. The death certificate is provided by a ...
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| life/healt insurance | 12/1/2007 |
Q: Recently I was offered an insurance product. It was unit-linked type where it's investment and at ...
A: Henry, Unfortunately, no one can answer your question without sitting down with you. There are ...
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| Life Insurance | 11/14/2007 |
Q: Both of my parents are over age 70.They are divorced and both live in South Carolina. I recently ...
A: Jean, It would probably be expensive to purchase life insurance on them at this age, and it is ...
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| COBRA INSURANCE | 11/6/2007 |
Q: Greetings. My wife is pregnent now. She is due for delivery in April 2008. I am changing my ...
A: Kish, Please accept my humblest apology for not responding more quickly. For some reason, I did ...
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| COBRA INSURANCE | 11/6/2007 |
Q: Greetings. My wife is pregnent now. She is due for delivery in April 2008. I am changing my ...
A: Kish, COBRA is generally only used when you lose your job and have no other option for insurance. ...
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| life insurance | 10/4/2007 |
Q: 2 people own a business together and have life insurance policies where the other is the ...
A: Brian, (I am assuming these are permanent policies with cash value above the paid in premiums.) ...
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| unwanted life insurance | 10/1/2007 |
Q: My father, who I do not have a relationship with and hate, claims he has a whole life policy on me ...
A: Generally, there is nothing you can do. While I'm not aware of the specifics of Canadian law, they ...
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| Getting Out of the Military--- How do I get insurance? | 10/1/2007 |
Q: I am planning on getting out of the military after 7 years next year. I just got married and I have ...
A: Obtaining life or medical insurance is very easy. First, generally, if you begin working for a ...
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| unwanted life insurance | 9/30/2007 |
Q: My father, who I do not have a relationship with and hate, claims he has a whole life policy on me ...
A: Tera, Unfortunately, there is no way for you to do anything about the existing policy. However, I ...
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| LIFE INSURANCE | 9/1/2007 |
Q: I'M 27 YEARS MALE PERFECT HEALTH NON SMOKER I LIKE TO BUY LIFE INSURANCE BUT I DON'T KNOW WERE AND ...
A: Enes, While I do not agree with much that Suzie Orman says, Select Quote is probably a good place ...
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| Life Insc. | 8/30/2007 |
Q: When a person dies, does their life insurance proceeds go directly to the beneficiary or is it ...
A: Charles, "yes". :) Under a non-estate tax planned death, the proceeds will go directly to the ...
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| term lfie insurance and estate planning | 8/24/2007 |
Q: Can term life insurance be used in place of long term care insurance? For instance, lets say a ...
A: John, Generally, you would not use term life insurance as a replacement for LTCi. Here's why: ...
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| My mothers life insurance | 7/20/2007 |
Q: My mom told me that my sister & brother took out a life insurance policy on her without her ...
A: I'm sorry to hear about your mother. She may have misunderstood what your sister and brother were ...
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| Life Insurance Policy | 7/6/2007 |
Q: Leboyd: Me and a close friend of mine were going to open up our own engineering company. Due to the ...
A: Robert, I'm very sorry to here about your partner. When a life insurance policy is written, and ...
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| Globe Life Insurance | 6/29/2007 |
Q: My father has a policy on me from 1984 til current 2007. The company told him that at the age of 25 ...
A: Unfortunately, the name of the policy is not necessarily a good indicator of how well it will ...
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| Globe Life Insurance | 6/28/2007 |
Q: My father has a policy on me from 1984 til current 2007. The company told him that at the age of 25 ...
A: Jemita, Without looking at the policy, it is difficult to say whether there is cash value or not. ...
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| Lower premiums-higher deductible long-term policy? | 4/26/2007 |
Q: Are there long-term (nursing home) policies that have deductibles? If my wife or I needed long-term ...
A: Steve, I don't know your age, but the $50,000 that you have set aside for care would typically buy ...
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| Life Insurance | 3/23/2007 |
Q: I have surrendered a life insurance policy with cash value of approx 20,000.00 It has been three ...
A: Pat, Generally, each state will have it's own laws, if any. The first thing I would recommend is ...
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| Father-in-law's death | 3/19/2007 |
Q: Yesterday my father-in-law passed away. He was a truck driver and he was in Salt Lake City, Utah. ...
A: Laura, Sorry about the passing of your father-in-law. Unfortunately, trying to find out about life ...
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| drawing down cash value of Universal Life | 3/11/2007 |
Q: My folks have a universal life insurance policy on my 82 year old grandma. The current cash value ...
A: Riley, First, let me apologize for being late in responding. For some reason the message went to ...
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| Life Insurance | 2/5/2007 |
Q: The owner/beneficiary(aunt)lives in Oregon. The insured (nephew)lives across the river in ...
A: Dale, The best thing to do is to get with an experienced life insurance person in Oregon. I know ...
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| Life Insurance | 2/5/2007 |
Q: So how does the insured claim the ownership of the policy if it (with a large cash value) is left in ...
A: Dale, As a follow up to your closing remarks, you might be pleasantly surprised about what an agent ...
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| Life Insurance | 2/4/2007 |
Q: If the owner/beneficiary of a life policy dies, what does the insured need to do to claim the ...
A: This question is more complicated than you might initial think. If I assume that the policy is a ...
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| Life Insurance Policy on my elderly Mother | 1/21/2007 |
Q: My Father passed away 30 years ago. He was very wise in setting up finances to care for my now ...
A: The first place I would start is the the consumer help 800 number with your state. Some states can ...
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