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I Currently Have Whole Life Insurance, To Help My Family In Case Something Happens. Should I Have Term Also?

Posted February 9, 2010 – 4:53 am in: term life insurance

Also, what is a reasonable amount to have for both? I originally just wanted a whole life policy to cover funeral expenses etc just in case something happens to avoid burdening my family, but maybe I should try to get more while I’m young to save money, and also so my family will have money [...]

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India – What Happens To My Life Insurance Policies If Insurance Company Is Closed? Specifically Term Plans?

Posted October 30, 2009 – 4:44 pm in: term life insurance

There are several private insurance companies in India and they are coming out with different plans. The insurance policies are long term contracts with an objective of providing protection for 20-30 year duration. In current economy, we are not sure how many of these private companies will survive. If an insurance company closes or goes [...]

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Life Insurance: What Happens If A Company Goes Bankrupt?

Posted October 21, 2009 – 4:19 am in: structured settlements FAQ

I currently have life insurance with AIG and this company almost went to bankrupt I believe? In general, what happens to people’s life insurance money if the insurance company that holds the insurances go bankrupt?

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What Happens To A Person Who Passes Away And Has No Life Insurance, Money Or Family That Can Help?

Posted October 19, 2009 – 10:20 pm in: structured settlements FAQ

I know a lady in extremely poor health. She has no insurance, no savings, house, etc. She has 1 son who is 28 but can’t hold a job longer than 2 to 3 weeks at best and expects mom to help him with everything. She has 1 living brother who lives far [...]

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