Archive for April, 2011
How does whole life insurance work?
ahubb asked:
Here is my main question:
If I have a whole life, Life Insurance Policy and the face value is $100,000 and the Cash Value is $112,000 and I die, does my beneficiaries get the $100,000 or the $112,000?
Here is my main question:
If I have a whole life, Life Insurance Policy and the face value is $100,000 and the Cash Value is $112,000 and I die, does my beneficiaries get the $100,000 or the $112,000?
Anything else I need to know about whole Life policies would be appreciated too.
If my premiums are invested and the rate of return is high enough, why couldn’t my cash value be $112,000 or just higher than the coverage amount whatever it is?
Blossom Corish
Can a Credit Card company take the Life Insurance from the deceased beneficiary?
Sean D asked:
My sister passed away from cancer leaving her son as the beneficiary. But a credit card collection agency kept calling and inquired about any life insurance that she had. This had me a bit worried because he is a young college student who really needs the money badly.
I sent them the death certificate weeks ago.
Marget Trowell
My sister passed away from cancer leaving her son as the beneficiary. But a credit card collection agency kept calling and inquired about any life insurance that she had. This had me a bit worried because he is a young college student who really needs the money badly.
I sent them the death certificate weeks ago.
Marget Trowell
How much of life insurance company profit results from beneficiaries not knowing that a company sold a policy?
StephenWeinstein asked:
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.
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?
Joey Streller























