Tag: "Beneficiary"
Life Insurance | What Happens After I Die?
If you do not sell your life insurance policy, and you should die, the beneficiary you named on your policy must file a claim to collect the death benefit. The insurance company has 60 days to pay the claim or notify the beneficiary. The beneficiary should get a claim form from the insurance company. The [...]
Viatical Life Insurance Settlements
A Viatical Life Insurance settlement is an agreement to sell the ownership of your life insurance policy to another, unrelated person, who then becomes both the owner and beneficiary of the policy.
What is a life insurance policy?
Life Insurance is a contract between the policy owner and the insurer. The insurer agrees to pay a sum of money in the event of the policy holders death to the designated Beneficiary. A Life Insurance Policy is based upon life of the person named in the policy. The policy is paid out when the [...]
What is Term Life Insurance?
Term Life Insurance is a policy that must be renewed annually and is considered to be a pure insurance protection.
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