 If a woman was to get life insurance and commit suicide, would her minor children be financially set? |
how long would she have to pay for her kids to be able to get any money? would it happen right away or would she have to be paying for a while before they could get anything?
just for the record ... |
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 Why do they ask your occupation when appliying for insurance? |
Does it really matter? Or is it for marketing purposes?
Additional Details
I'm thinking mostly about car ... |
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 I dropped our 42inch plasma? |
| which was secondhand our insurance is new for old but would they reinburse the new price of a tv or the price I paid for it ... |
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 Why should my taxes pay for FAT people! NO UNIVERSAL HEALTHCARE!!!? |
| Fat people are much more likely to have fat-related illnesses (diabetes, heart atttacks). Only 2% of people are forced to be fat through genetics, the other 98% choose to be fat. It's a FACT ... |
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 My car was stolen and totaled-my insurance company refuses to pay what do i do? |
this happened in march 2006 and i am still making payments -help
Additional Details
i was at a bar had to much to drink called aco-worker to pick me up must have left my keys and phone ... |
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 Will a guys health insurance cover his girlfriends pregnancy? |
| not married, she dosen't have insurance. Will his insurance cover it since its his baby?... |
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 Sex Discrimination? |
| In the madness of correctness etc how can some insurance companies openly offer better deals for women drivers. I thought the premium was based on the vehicle/value/previous claims etc, not on your ... |
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 Should I lie about my mobile being stolen? |
| I lost my mobile 3 or 4 weeks ago but my crappy insurance, which I pay £7 per month for, only covers theft. Should I just phone up the police and get a crime number (fairly easy I've been told) ... |
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 How long can you keep your kids on your Insurance? |
| What happens when a kid turns 18 as far as health insurance goes? Can you keep the kid on until they get a full time job ( like even after college)? Does it vary from company to company or is there a ... |
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 Will this insurance trick work? |
| Recently I broke my Motorola RaZer's front screen, when I phoned the insurance company they said I hadnt reported it within the 48 hrs required. So I was wondering if I were to "lose" ... |
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 Here is a good question i guess lalalala~? |
| ok do phone number's from out of state show up on your caller ID or on your cell phone?... |
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 My friend agreed to an online modeling contract and now she has to pay $300? |
| What should she do? Does she have to comitt to it if it was over the internet? Will she get in trouble if she doesn't pay? This is in Austria. Help please. Thanks!... |
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 Should these people be allowed to have life insurance? |
| Sky divers, mountain climbers, people trekking to the north pole. They all know and are aware that a mistake, no matter how insignificant it seems, could cost them thier lives and yet they spend a ... |
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 Why do people bother buying life insurance, if they are going to be dead when they receive it? |
| I mean, who cares if your family is going to be left with bills and stuff...your going to be dead, and theyre not going to bill you in the afterlife...... |
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 If i buy a 2.4 litre golf but put it down as a 1.6 golf on the insurance will i get away with it? |
| what will it say on the insurance certificate? if i remove all the markings can i get away with it?... |
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 Does health insurance cover self-inflicted wounds? |
| Do health insurance companies cover the hospital fees for self-inflicted wounds like cuts or burns?... |
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jjke | Can you cancel your life insurance policy anytime you want? |
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catlady
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If you don't pay you will be canceled for non-payment. |
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becky m
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Yes you can, Just stop paying and you won't recieved life insurance. It is best to get life insurance when you're young also. |
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peaches6
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Yeap |
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TedEx
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Life ins policies can be cancelled whenever you want to.However, it might not be a wise thing to do. |
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Stuart
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Yes, you can. |
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Financial JUSTICE
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Yes. You have to send a letter that you want to cancel. A phone call is not going to do it. Make sure to include your name, address, phone number, and most importantly, the life insurance policy number.
If the next premium payment is coming soon, you can refuse to pay it and let the policy lapse. |
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Hadley
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Yes, you can cancel your life insurance policy anytime you want.
In your life insurance policy there should be a section referring to "Cancellation" that explains what you must do in order to cancel your policy.
Some insurance companies require you to send written notice through the mail requesting cancellation of the policy.
If you have paid premiums for future months, you may receive a pro-rata return of premiums paid, effective the date your policy cancellation takes effect.
I hope that helps! Best of luck to you. |
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"Googy"
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Yes, why not you can cancel anything you want if your paying for it. |
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mcmoehring@sbcglobal.net
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That seems like an easy question...but not so much.
Depending on the type of insurance. If you have term insurance, you can cancel anytime.
If you have Universal, Variable or Whole life insurance the company has your cash value. If you cancel you policy, you'd get a small amount of the cash value.
They hate it when you cancel. |
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Good♥Gyrl
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First, you must be the owner. Second, it depends on the type of policy. If it's a term insurance policy, yes, you can cancel at any time either by ceasing to pay premiums or notifying your insurance company that you want to surrender.
HOWEVER, if you have a universal or variable universal policy (and RARELY, some whole life policies), you may have what's called a contingent deferred sales charge (or "surrender charge") schedule that would eat into any cash values you have built up in the policy. For example, a policy might be issued with a 15-year declining schedule, so if you cancel after having the policy for 10 years, you would pay whatever predetermined rate or charges scheduled by the insurance company. If you have taken a policy loan or partial withdrawal, you might get a bill if the cash value is not sufficient to pay this surrender charge. You should consult the policy contract or the agent who sold the policy, or the insurance company's life sales customer service department.
Anyone who gives you a blanket "yes" is apparently not familiar with the different types of life policies sold, and the answer very much depends on what you own. Good luck! |
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sweetbear792000
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Depending on the policy you hae and where y ou got your life insurance, it could cost you to cancel it earlier than a year but otherwise fter that you usually are fine. In some instances if you dont pay the premium they wont offer it to you and other cases they will continue to keep on the policy and bill you for it. The best bet is to call in and have it cancelled, they will tell you anything as far as it costing to cancel it early. It is best to get it well you are young because it is cheaper. |
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imsety
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Absolutely anytime you want. |
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Doodlestuff
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Yes you can if you are the one who pays the bill. For instance, if your ex-wife has a policy on you that she pays for, you can't cancel it-she has to. The trick is getting another one at a price you can afford! |
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Elizabeth W
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Yes you can. |
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davetherave
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YES, but i can,t understand why! Best wishes, Errrrrr and a long and lucky life! |
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Maid Angela
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Of course you can but it could cost you money depending on the contract |
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john r
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i don't have a clue as to why you couldn't |
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mbrcatz
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As long as you are the policy owner, yes. |
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wilderr67
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Yes, they will most likely ask you to send in letter by fax or mail to confirm the cancellation though. |
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Tiffany S
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Yes you can. |
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rockyfella25
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yes but why do that..if you have life insurance now you will be doing great for your future..if you end it now and want it later, it will cost you more.I would stay on your plan .dont let it laps |
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Hank S
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Not ANY time. |
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nan4bunny
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you can cash it in. to cancel i believe you have a certain amount of days. 30 days or whatever.read your policy, |
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De Deuce
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As LONG as you are the OWNER of the policy. Being a benificiary is NOT the same as being the owner. Being the insured is NOT necessarily the same thing as being the owner.
To find out the owner, LOOK in the policy specification page of the policy. Only the OWNER of a policy can authorize its cancellation or change of any kind.
As to the advise that you will need life insurance later on it life. BS
As to Life insurance will cost you more when you are older. BS.
As to "why would you want to cancel a lif insurance policy? BS.
You need to LEARN about the REAL issues of life insurance, not what the Nervous Nelly's are saying.
In response to GoodGyrl, my answer STANDS. IF it is a Life insurance policy and IF you are the owner, YES you can cancel it. Universal Life policies are a PURE rip off, plain and simple.But REGARDLESS, you can STILL cancell it as you see fit. Large UPFRONT loaded premium (actually a prepaid life policy are now illegal and have been for many years so I do not believe you have one of those)
The idea that you may have paid into it for 10 years and there being a deferred contingency sales clause is EXACTLY why UL is crap. But is the answer to CONTINUE to PAY into such a financial trap? Of course not. UL is the biggest LEGALLY sold scandle EVER perpetrated on the American family. Purveyors of this crap should be taken out in the back yard and SHOT. I will gladly do the honors.
And ANYone saying that a "YES" to your question is an inappropiate answer just DOESN'T UNDERSTAND or KNOW (or...maybe they DO) the wiley ways of how an insurance company and a complicit or ignorant sales agent can part a gulible family of their hard earned and scarce insurance resource dollars. It is MORE scandalous then ANY sub prime mortgage scheme or savings and loan debacle.
As SOON as you find yourself in a deep hole the first rule of thumb is to "stop digging". Anyone that wakes up and finds they have a UL policy needs to STOP DIGGING |
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