Insurance Guide

Latest Updates: insurance policy RSS

• If a beneficiary of a life insurance policy divides the proceeds among the deceased children, is there tax?

  Does taxes ever have to be paid on life insurance proceeds?

   

• Can an insurance agent in one state issue a life insurance policy for another person living in another state?

  We live in the state of NJ and we had a baby in 2009. My father-in-law, who lives in MD and who also happens to be an insurance agent in MD, took out a whole-life insurance policy on my child without my consent. Can my father-in-law do this and is the policy valid if he did it outside the state of MD?

   

• how do i find out about father's life insurance policy?

  Father and Stepmother were in process of divorcing, but father died before everything was final.He purportedly changed his life insurance policy to include all of his children, not just those bore by him and stepmother. He sent the paperwork in the mail. Never heard anything and stepmother has everything because father’s new will wasn’t finalized…It’s been three years. What can I do? How can I find out which life insurance policy he had and do we stand a chance of getting any of the money if the insurance company simply didn’t process the change before he died?

   

• can my 30 year old husband draw back child support out of the life insurance policy of his dead father?

  My husband never knew his father and he owes years and years of child support to his family. I found through a geneology website that his father passed away two years ago. What rights does he or his mother have on any life insurance funds which may have been given to his current family (you know the one he decided not to desert) to pay back owed child support? Thanks for your help.

   

• Does the clerk of courts really check auto insurance policy numbers when you submit proof of insurance?

  My friend was ticketed for speeding and driving an unregistered car. On top of that, he didn’t have insurance. The cop didn’t ask for proof of insurance, but in Ohio, you are required to send proof to the Clerk of Courts once you have been ticketed. Do they really run the policy numbers to check and see whether or not the insurance is still valid on your card?

   

• What to do if you find out you auto insurance was canceled after an accident?

  So I did take action and opened up insurance policy with geico and they said they wont cover it because i was not insured during the time of the accident. I called them after i found out farmers canceled my insurance. what to do…?
  So you been an in an accident and you find out your auto insurance is no longer active, what should you do?

   

• Can you be under your parents' auto insurance policy if you're 25 and over?

  Hi. I just turned 25 and my parents are saying that their friend’s daughter was not allowed to be under her parents’ auto insurance policy once she turned 25. So now they are telling me to get my own auto insurance, which is 00!! So I was wondering if this was true.
  LOL I am not "booted from the nest", & I can afford my own . I was just wondering if this was true or if was just for AAA.

   

• How do You Show Proof of Auto Insurance to a Court?

  In California, do you have to just show the insurance policy or do you have to show policy with payment receipt?

   

• My father took out a $1,000.00 life insurance policy out on me in 1957, what's the interest rate?

  I was told that it was a non-maturing policy. I received a check today for ,000.00 plus .00 interest. This seems way off of the mark we’ve calculated considering the insurance policy was taken out in 1957 the month of my birth. To add, this was a Met Life policy through the Railroad where dad was employed for 44 years!

   

• I would like to take a life insurance policy for my whole family?

  My family consist of 3 adults & 1 minor i want a life insurance policy which covers my whole family from ill, accidents, natural detriment. Insurance policy amount may be 10,00,000 – 15,00,000. Insurance premium payable annually. Who is the best company to deal with & what would be a premium amount. Pls give your valuable solutions.

   

• Is there a place to put a name and social to see if a life insurance policy exists?

  A friend is sure there is a life insurance policy on her deceased sister, but she cannot find the policy.

   

• Can I get auto insurance through another company if I owe on another insurance company money?

  I lapsed on my old insurance policy and do not have the money to pay it off. My registration expires tomorrow and I need insurance in my state to register my vehicle. Will another company insure my vehicle if I still owe money to another insurance company?

   

• Can I sue my Mom for equity off a house my Dad's life insurance built?

  My Mom built a house after my Dad passed away and used his life insurance policy to do so. She then met another man and sold the house for about 0,000 profit and used that money to build another new house with this new man. Can I sue her for any of the equity that she made off the house my Dad technically built?

   

• Can I sue my Mom for equity off a house my Dad's life insurance built?

  My Mom built a house after my Dad passed away and used his life insurance policy to do so. She then met another man and sold the house for about 0,000 profit and used that money to build another new house with this new man. Can I sue her for any of the equity that she made off the house my Dad technically built?

   

• I got into a little fender bender and I am under my parents AAA auto insurance.?

  Got into a little fender bender, and I am under my parents AAA auto insurance policy and I know this is going to raise their rates. If i leave their policy and move to a different auto insurance company will their rates go back down?
  What would happen to my parents rates if I just left their policy? I know Im going to get high rates at other insurance co’s. because Im just coming off an accident.

   

• Life Insurance company inactive and I have a policy?

  Federal Life and Casualty in Battle Creek, MI is now inactive. My dad had a 5k life insurance policy and has passed on. He has a fully paid policy on file. Is this a situation where the family is out of luck?

   

• Can I use whole life insurance issued in my name for collateral on a loan?

  I have a 5,000 dollar whole life insurance policy issued in my name, but of course I am not the beneficiary. Can I use this policy as collateral on a loan?
  If it has no value to the insured person then why can you borrow money off the whole life insurance?

   

• Is it wise to change life insurance company after paying more than 10 years of premium?

  My mom has bought a life insurance policy more than 10 years ago from company xyz. and now my cousin is an agent of life insurance company abc, so she wants my mom to cancel her original policy and move to the company she represent. Is this a wise thing to do?

   

• can I name pets as beneficiaries in a life insurance policy?

  hi
  I have 6 cats that I raised from infancy, three that I bottle fed and the other three I was there for the delivery of. I’m thinking about getting a life insurance policy, but I’m wondering if it’s worth it. Can my cats be my beneficiaries or is there some way to say that my family is the beneficiary but with stipulations that the money after my burial be used for the care and maintenance of my feline family. These are my children and I want to know that they will be taken care of in the case of something happening to me.

   

• Can an insurance company make me pay taxes on a loan i took out against my life insurance policy?

  I took out a loan on a life insurance policy. the premiums i paid had twice exceeded the amount my beneficiaries would recieve if i died. I was told that if i didn’t repay the loan the only penalty would be that amount would be deducted from the pay out if i should die.I did not repay the loan and decided i did not want to keep paying on the policy because i had much better insurance. the insurance company added the cost of the loan plus a lot of interest and unbeknowst to me reported (to IRS)an amount almost 3 times larger than the loan as my additional income. Can they do this?