 Insurance Claim on our Leather Sofa? |
I wondered if you can help me.
We had a fire at our house last weekend, and our home wasnt insured (yes yes i know, please no lectures).
Anyway, our leather furniture was ... |
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 Can my GF be qualified for health insurance? |
| I was wondering if its possible to put my GF on my health insurance. It says in order for me to put her on my insurance, she needs to be a dependent on me. Well for these past taxes her brother put ... |
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 Car/Health Insurance Quotes? |
| Is there a web site to look up quotes for car and health insurance without having to enter personal information (like my name and address)? I understand zip code, but I don't want the junk mail.... |
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 LIC policy? |
| i am 25 yrs old and i want to take a LIC policy which policy will suit me best and how to approch an LIC ... |
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 A question about gap insurance? |
| In 2006, I bought a brand new car and financed it for six years. I also decided to get gap insurance on it in case something happened that I was in an accident. Anyways, in 2007 I had to trade that ... |
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 My brother asked me to go surety for him? |
| I dunno what to do here, I'm from Ireland and at the mo my brother is locked up for petty crime in pats a young offenders insitution he has several convictions, he got bail but he asked me to go ... |
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 How long does a settlement with an insurance company take? |
| A year and a month ago a drunk driver with a lvl 1.9 hit our car sending me and my 11 year son to the hospital me in a coma for 2 weeks and 3 surgerys and my son pretty good cut up ...well 10 months ... |
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 Hit by car, no health insurance? |
I was hit by a car, no major damage, just pain in right leg, but nothing broken. My health insurance just expired, can I bill the person who hit me Health's Insurance? I dunno? Help?
A... |
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 Whole Life vs Term Life ? |
| Right now I have term life insurance, but I am trying to determine whether I should switch to whole life. I just noticed after 3 years that my premiums at 58 will go up almost $250, that's ... |
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 Homeowners insurance check for damage? |
I had my roof and some drywall damage from a storm. Insurance adjuster came and is replacing the whole roof and some of the drywall.
They want the receipt for the roof sent into them. If the ... |
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 MC Cains Health INsurance? |
| How would his plan work with me..Last yr my gross income was $48,000. I have 5 dependents..& usually pay little or no Federal Income Tax .My employer doesn't provide insurance, so we go ... |
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 Is it possible for me to insure my grandmother without her knowledge? |
| she is elderly and when she passes I know that my family will look to me for the funeral arrangements. The rest of my family are not financially ready for a monetry emergency.... |
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 How much will insurance cost me? |
| I'm 20 years old. clean driving record. the vehicle is a 1993 civic hatchback CX. also i would like to put full coverage on the car. i live in south east wisconsin and i will be the only one ... |
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 Where is the best place to purchase Hot life insurance leads? |
Additional Details
K for him---How are you? So now you know what I do for a living. I never thought I would see you in the insurance area lol.... |
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 Can a company bill you for the first time for something from 2 years ago? |
Additional Details
An Insurance company billed our company for the first time 2 years after a final workman's comp audit. We were changing insurance companies at the time.
I... |
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 For how long should I get my term life insurance? |
My husband and I are 30 and looking at term life insurance.
He's healthy as a horse with no illness in his family history and is the only source of income.
I on the other ... |
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Agent 99 | Can the goverment use my life insurance to pay off my student loans when I die? |
meaning there would be nothing left over for my son & is there a way around this? |
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mbrcatz
|
Your estate is liable for those student loans. If the life insurance pays your estate, that money will need to pay off your debts before your heirs can get any.
If the life insurance pays your son, or a trust to care for your son if he's a minor, than your estate doesn't GET the money - your son does. Life insurance pays who you tell them to pay. The government can't attach your son's money, to pay your debts - debts are not inheritable. |
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src50
 |
Your life insurance goes directly to the beneficiary(ies) that you name. |
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car253
|
The government and creditors can not touch any life insurance policy. No one can touch that policy but the beneficiaries if you die. Just make sure you name a person and do not put your estate as beneficiary.
You might think about getting a living trust. It helps ensure that the money goes where you want it to. If you don't do that, then make sure your life insurance policy has a primary and contingent beneficiary.
A contingent beneficiary means in case something happens to the primary the money will go to the contingent beneficiary automatically.
If your child is a minor then the court could appoint a guardian and that person would get the money. So, if your son is still a minor, you might want to name an adult that you trust that would use the money to take care of your son.
I am not an attorney and this is not legal advice. But you might want to repost your question under law or a category like that. Or, you might want to speak to an attorney about a trust. |
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SmartA$$
|
I believe that student loans from the government are canceled if you die. Private student loans could demand repayment from your estate.
I'd double check this with a reliable source though. |
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Chris C
 |
If you name a beneficiary, the insruance benefit bypasses your estate and goes directly to the beneficiary and no one else can touch it (not even the governement).
If you do not have a benefiary designated, the insurance will go directly to your estate and all creditors (including the government) will have access to the money first, then it will go through probate (meaning the government will tax it) and then if there is anything left your family will have access to that (if you have a Will. If there isn't a Will, your estate might just get auctioned off and your family will have to buy your stuff back).
Way around this? Put a beneficiary on your life insurance policy (Make it your son and have a trustee [someone who is responsible enough and trustworthy enough to handle the money until your son is old enough]) and also have an up to date Will to make sure your estate doesn't get auctioned off to some Joe Blow rather than the people you care about. IF you have a very large estate, create a family trust instead of a Will (Will's are contestable in court and public record, so a family trust is a safer way to make sure your wishes are carried out, bu tif you don't have piles of money, it's not worth the time or money to set up) |
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Vbrow
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What happens if your son is executor of your estate ? |
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