 Is it feasible to find 100 families to put $100 a month in a savings account to pay for medical expenses? |
| Its just an idea I had, wondered if it would work, if its legal, etc. My family has no health insurance, and I am sure that there are many other families out there in the same boat. We have no major ... |
|
 How do you define double dipping on insurance? |
| I have 2 step kids. We have had insurance on them for over a year. We just switched insurance and their mother decided to put them on her new husbands insurance. Which now we have 2 insurance ... |
|
 Should i get 20 year term or a 30 year term life insurance? |
| My husband and I currently have a 20 year term life insurance policy. We are switching companies because we were paying too much at State Farm. I'm 30 and he is 33 and we are both in very good ... |
|
 Homeowners vs. Auto Insurance? |
| So last night a huge tree branch fell on my car in my driveway. My car insurance is expired and I'm wondering if my landlord's homeowners might cover it. The tree is on his property and ... |
|
 Insurance company startup???!!!? |
| was wondering about the possibility of starting up my own insurance company covering cars. do i need a license to do this. do i have to make myself known to anyone that i am insuring people to drive, ... |
|
 Is it recommended to buy whole life insurance for a child? |
| A friend of mine recommended buying whole life insurance for my child. He said it was better than investing elsewhere. For example, you can get a 1 million dollar insurance which will be paid up by ... |
|
 Car insurance question:? |
| My car was recently stolen and has yet to be recovered. When I file a claim with my insurance on this matter, will it make my rates go up??... |
|
 What insurance should i get? |
Additional Details
For car,thats ... |
|
 Are there any "non-profit" insurance companies? |
| Private insurance's "job" is to return a profit to the shareholders. In the process they deny claims and provide golden parachutes to CEOs.... |
|
 My insurance agent is disrespectful. What should I do? |
| I called my insurance agent and told him I was afraid to drive my vehicle because it was stolen by some gangsters and they were caught and he told me to get a gun and get me some gangsters to ... |
|
 I need to go to the doctor but have no insurance? |
| Will I have an option of them just mailing the bill and then making payments. I have no insurance, yet, in the process. I'm 21 years old and need to go to the doctor for anxiety problems? I live ... |
|
 Is there a website that tells you about complaints or ratings on an insurance company? |
| I work for a mortgage company in Southest Louisiana. A custome of mine got an insurance quote from some company online. They quoted $1400/year for a house that costs $190,000. I closed on a house 3 ... |
|
|  |
PETE | Can companies take out insurance policies on their employess? |
As in Life insurance policies. |
 |
 
mekeygabriel
|
Actually, yes, they can. It is called 'key employee;. For example, if yoiu have a small business, and one guy does w hole lot, and if you lose him the company may need some serious recovery time and money, such a policy is available from major carriers.. |
|
Lindy P
 |
Most life insurance companies - Credential, for example - will not allow a company to be the beneficiary of a company paid policy on an employees life. It isn't so much a matter of weather or not this is legal, but most companies simply don't do it. |
|
Money Maven
 |
yes, they often do it with CEOs and other executives to protect the business. |
|
?
|
yes, many companies offer life insurance to their employees at a low cost or sometimes free, the amount paid out for free insurance is about $10,000 enough to cover a funeral |
|
NateD
|
if you mean, when the company gets the funds if you die, then the answer is no. No one can take out insurance on you without your permission |
|
C R
 |
They can get life insurance coverage for designated "Key Workers" like a CEO because they have an "insurable interest" in his performance. A business might lose money if something happens to him.
As to coverage on every day workers where the company is beneficiary, I doubt it. It might be too tempting to kill you off. That's called a "moral hazard." |
|
tigertiggerii
|
Not sure if you are talking about Group Insurance where the employee is the owner or something a bit more complicated, ie. key person insurance or a buy sell agreement. The employee still has to sign the application but the owner would be the company. |
|
mbrcatz
 |
A company can take out a special life insurance policy on "key" employees, called "key man" coverage.
This is particularly used to buy out the interest of an owner or partner in the event of their death. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
6 | 8 minutes(s) ago
| | | |
8 | 40 minutes(s) ago
| | | |
8 | 3 hour(s) ago
| | | |
8 | 6 hour(s) ago
| | | |
8 | 9 hour(s) ago
| | | |
7 | 1 day(s) ago
| | | |
8 | 2 day(s) ago
| | | |
8 | 6 day(s) ago
| | | |
8 | 1 week(s) ago
| | | |
8 | 1 month(s) ago
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
