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Life Insurance

Life insurance refers to a contract between the insured and the insurer, where the latter agrees to pay a beneficiary a specific amount of money upon the death of the insured.

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How do you check the status of an old life insurance policy?

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Asked by Wiki User

To check the status of an old life insurance policy, contact the insurance company that issued the policy. Provide the policy number and any other required information to inquire about its status, such as whether it is still active and the current coverage details.

What happens when you reach the age limit with term insurance?

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When you reach the age limit with term insurance, the policy will expire and coverage will end. Typically, the policyholder would need to either renew the policy at a much higher premium or seek alternative insurance options. It's important to review your insurance needs as you near the age limit and consider transitioning to a more suitable policy.

When you turn 85 years old does your term life insurance end?

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Most term life insurance policies expire at a certain age, typically between 75-85 years old. At this point, coverage usually ends, and the policyholder would need to either renew the policy at a much higher cost or seek other options like a permanent life insurance policy. It's important to review your policy terms to understand when your coverage will end.

How do you heck the status of an old policy?

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Asked by Wiki User

To check the status of an old policy, you can contact the insurance company that issued the policy and provide them with the policy number and any other relevant information. They should be able to provide you with information on whether the policy is still active or has been terminated.

How long does employer keep you on life insurance after retirement?

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Typically, life insurance coverage provided by an employer ends at retirement. Some employers, however, may offer the option to convert the group life insurance to an individual policy upon retirement, usually at a higher premium. It's important to check with your employer's HR department or insurance provider for specific details.

Can I get life insurance on my 86 year old mother?

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It may be difficult to get life insurance for an 86-year-old individual due to their age and increased risk of health issues. Insurance companies may offer limited coverage options or higher premiums. It's best to consult with insurance providers to explore available options.

How can you verify if an old life insurance policy is still validw?

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Asked by Wiki User

You can verify the validity of an old life insurance policy by contacting the insurance company directly. Provide them with the policy details, and they will be able to confirm the status of the policy and any benefits associated with it. It's important to have the policy number and other relevant information ready when reaching out to the insurance company.

How long does Gerber Life Insurance last?

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Gerber Life Insurance typically lasts as long as the policyholder continues to pay the premiums. Some policies may have specific term lengths, such as 10, 20, or 30 years, while others may be whole life policies that provide coverage for the policyholder's entire life.

Can you get life insurance for a 93 year old?

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It may be difficult to obtain life insurance for a 93-year-old due to their age and potential health risks. Insurance companies typically have age limits for new policies, and premiums may be very high or coverage options limited for individuals in this age bracket. It's recommended to consult with insurance providers to explore available options.

Can you get life insurance after 85?

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Asked by Wiki User

It can be difficult to get traditional life insurance coverage after the age of 85, as most insurers have age limits for new policies. However, there are specialized life insurance products such as guaranteed issue or simplified issue policies that may be available to individuals over 85. These policies may have higher premiums and lower coverage amounts due to the increased risk of insuring older individuals.

Which of these terms best describes a collection of programs created in 1935 that icludes old age survivors disability and hospital insurance?

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Asked by Wiki User

The term that best describes a collection of programs created in 1935 for old age, survivors, disability, and hospital insurance is "Social Security." It was established in the United States by the Social Security Act as a federal safety net program to provide financial support to individuals in need.

Why does a 87 year old need life insurance?

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Asked by Wiki User

A 87 year old may still have financial obligations, such as outstanding debts or funeral expenses, that they want to provide for. Life insurance can help cover these costs and provide financial security for their loved ones. Additionally, some policies offer benefits such as cash value accumulation or final expense coverage that can be beneficial for seniors.

Was the pension contract for united technology inc transferred from connecticut general life insurance company to prudential retirement insurance and annuity company?

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Asked by Wiki User

It appears that Prudential Retirement Insurance and Annuity Company acquired some of Connect General Life Insurance Company's pension business, which may have included the pension contract for United Technologies Inc. You may need to refer to the specific terms and agreements of the transfer to confirm.

What does LIMITING AGe superannuated contracts mean?

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Limiting the age of superannuated contracts refers to setting a maximum age at which a contract can be in effect. This could mean that a contract will automatically terminate or become void once the specified age limit is reached. It is a way to manage risks and uncertainties associated with entering into long-term agreements with individuals who may reach a certain age where their ability to fulfill contractual obligations could be impacted.

How can you find out if my grandmother had life insurance for me?

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Asked by Wiki User

To determine if your grandmother had a life insurance policy that names you as a beneficiary, you should first review her personal documents, such as bank statements, insurance policy statements, or will. If you are unable to find any information, you can reach out to her insurance agent or company directly to inquire about any existing policies.

Can you get life insurance for your grandma at 95 years old?

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Asked by Wiki User

It may be difficult to find life insurance for a 95-year-old individual due to their age and the associated higher risk. Some insurance companies may offer limited coverage options or require a medical exam to assess the health of the insured. It is recommended to contact insurance providers directly to inquire about available options.

Can you get life insurance at Age 93?

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Asked by Wiki User

It may be challenging to obtain life insurance at age 93, as most insurers have age restrictions for issuing new policies due to the increased likelihood of health issues at that age. You may have more success looking into options like final expense insurance or guaranteed issue life insurance, which are designed for older individuals and have fewer medical requirements. It's recommended to speak with an insurance agent or broker to explore your options.

Can you get life insurance at age 84?

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Asked by Wiki User

It may be challenging to obtain a new life insurance policy at age 84 due to advanced age and potential health risks. However, some insurers may offer limited coverage options such as guaranteed issue or final expense policies that do not require a medical exam. It's recommended to consult with an insurance agent to explore available options.

Can state life and health insurance guaranty associations run out of money?

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Asked by Wiki User

State life and health insurance guaranty associations are designed to protect policyholders in case an insurer becomes insolvent. While it is rare for these associations to run out of funds, there is a possibility in extreme circumstances where multiple insurers fail simultaneously. However, state insurance departments actively monitor the financial health of insurers to prevent such situations.

Is gerber life insurance expensive?

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Asked by Wiki User

Gerber Life Insurance typically offers affordable coverage options, particularly for children and young adults. Premium rates can vary based on factors such as age, coverage amount, and health status. It's best to get a personalized quote to determine the cost for your specific situation.

Is there level premium decreasing term life insurance for those age 87?

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Asked by Wiki User

Typically, most insurance companies do not offer level premium decreasing term life insurance for individuals at age 87. At this age, options for life insurance may be limited and more expensive due to the higher risk of mortality. It's advisable to consult with multiple insurance providers to explore available options.

Can a grandparent take out life insurance on a grandchild?

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Asked by Wiki User

Yes, a grandparent can take out life insurance on a grandchild with the grandparent as the policy owner and beneficiary. However, it's important to consider factors like insurable interest and consent from the child's parent or guardian before proceeding with the policy. Consulting with an insurance agent or attorney would be recommended to ensure all legal and financial implications are understood.

How do you collect Life of Georgia Insurance benefits?

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Asked by Wiki User

To collect Life of Georgia Insurance benefits, you will usually need to submit a claim form along with any required documentation, such as a death certificate or proof of disability. You can contact the insurance company directly for specific instructions on how to file a claim and what documents are needed. It's important to follow the guidelines closely to ensure a timely and successful claim process.

How do you find out if old Southland Life Ins Policies are still good?

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Asked by Wiki User

You can contact the current insurance company that acquired Southland Life Insurance Company or check with your state's insurance department for information on the policy's validity. Provide policy details, such as the policy number and insured individual's information, to help with the search.

How do you find out about my policy?

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Asked by Wiki User

I do not have access to personal information or specific policies. If you have questions or need assistance with your policy, I recommend contacting your insurance provider directly.