Anyone Have Any Expertise On Life Insurance? What Happens To The Monies Invested Once A Policy Lapses?
Posted June 14, 2009 – 11:08 am in: structured settlements FAQI have a friend who’s Life Insurance policy lapsed due to non-payment of premiums, after losing her job. She had paid into the policy for 10 yrs. I thought she might have some sort of refund or (partial reimbursement) due her . She thinks she’s entitled to nothing & won’t even call the [...]
6 Comments | Tags: Anyone, Expertise, Happens, Have, Insurance, Invested, Life, Monies, Once, WhatWhat Happens If You Get A Loan Under Life Insurance And Suddenly You Die?
Posted May 26, 2009 – 4:51 am in: structured settlements FAQWell…my father passed away a few years ago and now pretty surprisingly I still owe the money as one of the heirs.
Some lawyers advice me that this is illegal from the bank in cases of “life insurance” or the original borrower(my father, thus).
Thanks!
What Happens When You Cancel A Short Term Life Insurance, Will You Have To Pay Anything?
Posted May 21, 2009 – 4:24 am in: term life insuranceGenerally, opting to lapse a term policy early carries no penalties. As another poster said, if you opt to get insurance againt it may mean you have to go through the medicals and such again. However, some insurance companies will let your application and medical results stay valid for 3 to 6 months [...]
5 Comments | Tags: Cancel, Happens, Have, Insurance, Life, Short, Term, What, When, WillI Have An Aig Term Life Insurance Policy To Help My Children If Something Happens To Me. Is It In Danger?
Posted May 13, 2009 – 5:38 pm in: term life insuranceWhat if when my family needs it in the future, AIG is bankrupted.
4 Comments | Tags: Children, Danger, Happens, Have, Help, Insurance, Life, Policy, Something, Term
