What do you know about "life insurance policy"?
88412
Probably the best benefit of life insurance is burials are expensive, and with life insurance, when you expire (die), your family will have enough money to bury you, pay off your bills, etc. (Depending on how much of a policy you get.) You can get life insurance policies through several different companies. Most of the time employers offer it with their health insurance policies. The best policy will vary with your individual needs. If you consult an insurance agent, they can better assist you with your particular needs. To check into it, visit these websites:\n\nwww.aigtermlife.com\nwww.insureapp.com\nwww.1stquote.com/company-list.htm\nwww.accuquote.com
437690
The best you might be able to do is try to find a 'guaranteed issue' policy that does not require medical underwriting.\nThis is going to require the help of an agent very familiar with non-standard forms of life insurance.\nThis product does exist but you are going to need help, so call some agents and 'interview' them about this kind of product.\nIf they tell you they don't know of anything, try somebody else because it is out there.
641788
Graded whole life typically means that the death benefit is graded.  It is typically sold as a burial policy for older or poor health individuals.  Most people that get this policy would not qualify medically through underwriting for other types of policies.  Most graded benefit policies will only ask 3 medical questions.  If you can answer no to those 3 questions, then the policy is guaranteed issue.  The protection for the insurer is that if the person dies in the 1st year of the policy the beneficiary will receive only the premium paid in at the time of death plus 12%.  If the insured passes between the 13th month and the 24th month the beneficiary will receive the premium paid in plus 24%.  If the insured passes after the 24th month then the beneficiary will receive the full face value of the policy.
393187
Term insurance is strictly insurance.  If you are looking to cover certain liabilities that will be paid off in a set number of years, then term life insurance is usually the answer.  If you are looking for permanent coverage, then whole or universal life insurance is usually the answer. This answer may sound fuzzy, but in order to give professional suggestions the best thing is to meet with an advisor that can go over your current financial situation to determine exactly how much coverage you need and what type is best.  Here is directory of local advisors: http://www.insuremylife.org\nAlso here is more info on how Permanent life insurance works: http://www.findlocalinsurance.com/permlife.html
95143
have you tried the bank?? what about any life policies he may have had?
889283
They are two different things, entirely.  The life insurance will cut a check to whoever the listed beneficiary is, at the time of your death.  The will cannot change the life insurance contract.  So you can't change a beneficiary of a policy, using your will.  \n\nYour will is for the distribution of your ASSETS.  A life insurance policy is NOT an asset.  The only way you can make your will distribute life insurance procedes, is if you make the beneficiary of your will, your estate.  Then the life insurance goes into your estate.  All the assets of your estate and your debts get added up, the assets pay off all your debts, and any assets or money left over after all your debts are paid, gets distributed as your will says. \n\nThe whole POINT of life insurance, is to leave money to someone, that can't be attached by your debts.   OK, that's not the only point, but it's the biggest one, IMO.
184080
First, Corrections:\nTerm, Whole, Variable, Universal, etc. are all forms of life, not health insurance.  \n\nSecond, Assumptions: \nSeveral assumptions are being made in my answer. \n1.You are looking for Health, not Life insurance.\n2.You are not eligible for insurance through your employer, therefore you have to get your own.\n3.You are a citizen of the United States.\n4.You are buying health insurance as an individual, in other words, you don't run your own business that can deduct the cost of insurance.\n5.You are under the age of 55.\n\nThird,  Know the true purpose of insurance:\nThis is important from a philosophical, as well as a practical standpoint. In all its forms, insurance is intended to “cushion” the individual from excessive financial burdens in the event of UNEXPECTED costs. While I abhor “capitalized screaming” the term unexpected is important! Most people believe that insurance implies a reimbursement. In the old days they called this a tontine. But this is not the purpose of health insurance. Health insurance was originally meant to keep you from going broke when some fool t-bone's you at an intersection, or you contract pancreatic cancer. That said and understood I can make a suggestion that can keep costs down, save on income taxes (if you itemize) and give you health coverage for regular health care needs as well as prevent catastrophic financial loss due to a serious health event.\n\nFourth, The Suggestion:\nLike him or hate him, George Bush got through Congress a great thing called “The Health Savings Account” or “HSA” for short. Basically it has two parts.  \n\nFirst, a savings account where you can save up to ~$2700 (single) or $5,450 (family), or your health plans deductible, per year, which ever is less.\n\nSecond, a high deductible health insurance plan that acts just like a regular Preferred Provider health plan or PPO for short. You pick a doctor from the company's list of MD's basically. This insurance plan will usually have a co-pay (some don't) and will protect you case some fool t-bone's you at an intersection, or you contract pancreatic cancer.\n\nBTW, I don't have any “skin in this game." Just went through it recently.  If this is all too confusing, get an independent insurance agent to help you, they should bend over backward to help. They make commissions when they sell these products.\n\nI wish you good health.
948256
If it's not a life insurance policy, then the policy holder is the "named insured" on the declarations page.    That is the person who bought the policy, and the person who is covered.\n\nIf it's life insurance, it's the person who BOUGHT the policy, not necessarily the insured, or the beneficiary.
508067
It's a fancy word for cash value life insurance. \n\nI assume that the type of life insurance you are asking for is a variable life insurance. Variable life insurance is where you are death benefit is flexible and it will fluctuate base on how the seperate account performs. Premiums maybe flexible, but if you do not pay, the insurance company will use the separate account to pay. If there is no value in your separate account and you do not pay your premiums, you may risk losing your life insurance.\n\nIf you were to die, your beneficiary will only get the face amount and all the money in the separate account will go to the insurance company.\n\nIf I were you, I would buy term (20 or 30 year term if you are age 25-45) and put away $100 to $200/month into mutual funds.
198622
What kind of insurance? Life? Health? Driving?
631046
Depending on the type of cancer insurance policy you get it can be quite expensive. I am a member of a non-profit organization, and my cancer insurance was paid for by them as a benefit. When I got cancer, I was able to make a claim and they sent me money to help with my expenses. Investing in cancer insurance is different then life insurance and it is entirely up to you. If you are interested, you should investigate several different insurance agencies that offer it and find the policy that would be right for you, if you ever needed it.
767563
This is an excellent question! \n\n In America people are purchasing "Short Term" Policies are opening themselves up to a "world of problems".   You see in the United States we passed a law that enables employees be offered "Cobra" , Cobra is for your "protection".  Let me give you a couple of "What ifs"\na. I go work for ABC Corp. and call up a few "slick" agents who sell healthcare and they sell me a Short Term policy, sounds great!..11months into the policy the Doctor discovers a tumor in my body, and says it is Malignant- I have cancer.  So I call my short term company, and they say well your policy ends in 30days, I ask the company can I convert to a Permanente policy, and they say "NO", because of your medical conditions.\nb. Second Ex. I sign up with my employers plan, and I am diagnosed 11months into the plan with Cancer, and I decide to quite employment, I am offered Cobra!. So lets keep going, lets say I pay for Cobra for 18months (until it ends) and I am still having Chemotherapy, and thus un-insurable by health companies.  Here is the Good news!!!..I am eligible for HIPPA coverage !!!.."lifesaver"..any company offering health insurance will have to accept me into a HIPPA plan.  \n\nAs you can see the only way a person can take a risk with a short term policy if they can "See the future".. and if your crystal ball shows you not needing any health services over your lifetime, then just refuse coverage!..\n\nDo not trust any salesperson, read articles and do your research, Paul Zane's books are pretty good.
134892
if the insurance policy was purchased in Louisiana , you can use this link to search for the policy http://www.ldi.state.la.us/Licensing/Life_Annuities/life_annuity.htm\n\nThere are some other tips at this page http://www.ldi.state.la.us/Licensing/Life_Annuities/life_annuity_before_submit_request.htm\n\nImportant potential sources of info include previous employers, trade associations, Banks where he maintained accts  or charge card, mortgage holders etc.  One of the financial institutions may have records of premium payments. If you have not already done so, file a change of address with the U.S. postal service so that any mail which went to you or your uncle at your former addressed might make its way to you.\n\nIf it was not purchased in LA, but you know the state, you can go to the other state web site and see if they have a similar resource or call their Insurance dept if you don't see this feature on the Internet.\n\nThere is also a site http://www.lostpolicy.com/ but they charge 79.95 and while I do not know if they are reputable, they do NOT have any BBB complaints\n\n You can also contact ACLI, who may have other suggestions ( or may be able to provide you with lists of company names etc. to help u remember) , they can be reached \nAmerican Council of Life Insurance\n1001 Pennsylvania Avenue, N.W.\nWashington, D.C. 20004\n(202) 624-2414\n\nP.S. Contact your congressman and let them know you think there should be a national law to requir insurance companies to search a nationally established database of the casualties of all Federally declared emergencies like katrina and attempt to find/contact beneficiaries.
238972
If you are trying to find a lost life insurance policy, here is some good information: http://www.findlocalinsurance.com/lostlife.html
1078008
'life insurance' is a mis-nomer, something that's improperly named. It should be called 'high dollar death benefits', or monies that'll be paid to someone else when you die. The insurance company isn't going to give you a new life to replace the old one when it's been 'totaled', or a new body to put that life in. We're centuries away from 'freejack', and god knows we wouldn't want to see life insurance companies in some sort of fraudulent body-parts schemes, we've seen what the car insurance companies can do with a motor vehicle! LOL Frankly, I think the whole business with 'life insurance' should be abolished. That'd eliminate some people's motives for killing others, and remove the temptation to 'cash in' for those in dire straits, financially. Don't we already waste enough of our lives chasing a buck? LOL
104044
You'll have to be more specific. You can lose the death benefit in any life insurance policy if you let it lapse. INCLUDING TERM.\n\nAVOID any life insurance saleperson that tells you to buy term without learning anything about your situation. As with anything else, there are situations were term is best and there are situations where permanent insurance (like VUL) is best. Those that say buy ONLY term are ignoring your situation and trying to make an easy sale. This sales attitude usually stems from a poor understanding of permanent insurances.
851310
If someone depends on you financially, you should get a life insurance policy, which covers death by any cause, accident or illness.  Term insurance has never been cheaper.  Go to www.term4sale.com to get an idea of what it's going to cost.  Then, find a competent licensed agent to help you get the lowest premium from a quality company (A+ rated or better).  Applying online is OK, but you'll get better service from a licensed agent, especially if there are any difficulties with your application.