Life Insurance Forum

• Are life insurance policies and accidental death policies two different things?
• How do I get life insurance for my aging parents?
• Are my index annuities safe or protected by legal reserves should the company itself go bankrupt? The company is currently having financial challenges.
• How do variable annuities compare with other retirement accounts, such as 401(k)s and IRAs for long-term capital growth and flexibility?
• How is income from annuities taxed after a person has begun receiving payments?
• What figures are used to calculate the portion of a surrendered annuity that will be subject to income taxes and the 10 percent penalty?
• What are the advantages to purchasing a variable annuity in a 401(k) or 403(b) plan as opposed to mutual funds?
• Do I really have to reveal any of this information when this is a condition that is sure to pass when I change jobs?
• If I file for bankruptcy, will the creditors take the accumulated cash in my whole life insurance policy?
• What happens if my insurance company goes belly-up? Will my beneficiary still get paid?
• My brother was principle beneficiary on my father's insurance policy, but other names may have been on the policy as well. Is there any way to find out who?
• My mother married a widower and took out a life insurance policy naming him as her beneficiary. He died. Now who gets the money?
• My father recently passed away, and I found a very old life insurance policy of his that lists my mother, who is also deceased, as the beneficiary. Who gets the money?
• Does a wife have the right to know who the beneficiary is on her husband's life insurance policies if the policies are solely in his name?
• Can a person change the beneficiary of a life insurance policy from his legally married spouse to another family member without his/her spouse's consent?
• Can a sister take a life insurance policy out on her brother and collect knowing he was alcoholic and would not live long?
• I was recently diagnosed with breast cancer. I would like to buy life insurance to provide for my children if I die. Will any life insurance company sell me a policy?
• I own a $500,000 variable universal life policy. When I die will my beneficiaries get the death benefit or the death benefit and the cash value?
• If I take out a loan against the cash value of my life insurance policy, is it reported to the credit bureaus?
• My wife and I have a few old universal life insurance policies that we no longer need since we switched to term policies a while ago. However, there is significant cash value in a couple of the policies.
• I am separated from my husband, who is currently the beneficiary of my life insurance policy. If I want to change the beneficiary to my children, can I do so without my husband's permission?
• What are the benefits of life insurance for college students?
• Is there a limit to the amount of time an insurance company can review a life insurance application without accepting, denying, or notifying an applicant of a delay?
• What is an "annual decreasing term to age 65" policy? What is a "level term to age 65" policy?
• Are life insurance companies allowed to test the applicants for illegal drug use?
• If a person owns an annuity with an enhanced death benefit and passes away before annuitizing, are there any taxes owed on the "enhanced" portion of the death benefit or is it considered life insurance?
• Will I have to pay higher rates because of my father's condition?
• My father does not have a life insurance policy. I would like to take out a policy on him in order to cover his funeral expenses. Can I do it without his knowing?
• My mom, who passed away seven months ago, told me and my siblings that she had life insurance policies on us. How do we find these policies?
• What happens with the funeral expenses when someone dies who has life insurance. Does the death benefit of the life insurance policy automatically pay for funeral expenses?
• If a person is named as a beneficiary, is that person responsible for paying for the funeral of the deceased? Or, is it just a moral obligation?
• What's the difference between group universal life and individual life insurance? Which one is better?
• I have a very handicapped child. Would a variable universal life insurance policy for $1,000,000 on the life of her father be a good investment?
• The older of our two children, who is 8 years old, is legally handicapped. Are there companies that offer small policies to cover burial costs for the handicapped?
• Two years ago I had a quadruple bypass. Since then all tests have proven good. Can I still buy life insurance or is there a waiting period?
• Four years ago I bought a life insurance policy. I made a couple of mistakes on the application, but my policy has an incontestable clause of two years. If I were to die could the insurer still deny the claim?
• My family believes that my father had some life insurance policies that we cannot find. How can we find out what kind of policies they are and if they are still in force?
• I want to apply for life insurance but I have been getting conflicting advice from my coworkers about the medical bureau that keeps central records. What should I do?
• My bank is demanding life insurance for a large business loan I have — how do I get life insurance and what alternatives do I have?
• Do they even need life insurance?
• My wife and I are in our mid-30s and have no children yet. Does it make sense to have life insurance if we don't have kids?
• I found some old life insurance policies in my father's house. How can I look up a company to see if a policy is still good
• My son died of a drug overdose while living with a woman to whom he was not married. Under these circumstances will the insurance company pay?
• My mother bought a life insurance policy with me as the beneficiary. Can I get a copy of the policy to look it over and keep so I can find all of the contact information when she dies?
• My grandmother bought a life insurance policy years ago. She passed away last year and we have just found the documents, but can't find anything out about the company.
• Last summer I was notified by Prudential that I would get compensation from the demutualization in about three to four months. Since then I haven't heard anything.
• I don't fully understand the differences among AAA, A++, and A- ratings. How can I determine how "good" an insurance company is?
• A friend of mine was told by an agent that he should stop participating in his 401(k) (employer 3 percent match) and purchase a whole life policy to use for his retirement.
• We have been advised by a financial advisor to purchase a second-to-die life insurance policy. This advice came after he reviewed our current investment strategy and net worth.
• What kind of life insurance would provide the maximum coverage for the least amount of money?
• If a person with a life insurance policy pays premiums on the policy for one year, and then commits suicide, would the insurer pay the beneficiaries? Or does suicide void the life insurance contract?
• What is the benifit of term life insurance? Whole life coverage never ends as long as you pay the premiums, and the premiums never increase, as I understand it. But with term coverage does stop and the rates rise each time you renew.
• How do I choose which term policy to buy when insurance companies offer 10-, 20-, and 30-year terms?
• My husband and I each have a $250,000 five-year term life insurance policy. Does that mean at the end of five years we have to get a physical before we can renew our policies?
• How will life insurance claims be handled for insureds who died in the recent terrorist attacks, where death cannot be proven by a death certificate?
• Recently, while going through family paperwork, my parents came across an old policy naming me as beneficiary for a policy taken out by my grandfather when I was an infant.
• I bought a whole life policy and was told the premium would vanish within 12 years. However, the premium never seemed to vanish.
• If the variable annuity fees are not higher and you get many other benefits, why not buy VAs?
• I am thinking of buying a variable universal life insurance policy. How can I compare the costs and features of different policies?
• My financial advisor suggested funding an early retirement using a VUL policy. Will this work to my advantage or will I be buying insurance I don't even need?
• I was told that if a war were to start, people would not be able to buy life insurance anymore. If a war starts will I still be able to purchase mortgage insurance?
• I only see $44,000 guaranteed after 40 years. Would we be better off to cash this policy out and invest it in IRAs since they are used for retirement?
• What is the difference between whole life insurance and universal life insurance? Both types can last your whole life, right?

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