 If I buy a term life insurance policy with a term of 20 years...what happens at he end of the 20 yrs? |
| I know this sounds dumb, but do i just put the policy in a safe deposit box until I die? I'm in my 40's and know I need to get a policy, and just have so many questions that I can't ... |
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 Can heirs be liable for medical bills not paid by parents? |
| If my mother-in-law runs into serious financial hardship and she can't pay her copays/health insurance and she needs healthcare, will the hospital deny her healthcare, or will the heirs (me and ... |
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 Need Health insurance ! |
| Does anyone know of any health insurance companies that will take me even though I have ADHD? It's okay if they mark me up or put a rider on it so none of the adhd expenses will be covered, I ... |
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if someone gets hurt in a pool on rental property who is liable?
the renters bought an above ground ... |
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| My landlord tried to fix the water heater less than a week before the house burnt down because of the faulty water heater.i will like to file a 3rd party claim against his homeowner's insurance ... |
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 Hospital Sent me to Collectons, can I still pay hospital instead? |
| I had a 1600 dollar bill to pay them and I called in November and agreed to pay them 63 dollars a month until it was payed off. Now a few months later I get a call from a collection agency saying I ... |
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 How long can you wait to report an accident to insurance? |
| the accident i was in was a week ago....we wernt going to go through insurance but the estimate is much higher then either of us thought so now we do want to use insurance....can we call a week later ... |
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 We are currently looking for health insurance with maternity coverage, any advice where to look....more info? |
ones I have seen you have to have the plan for 12 months before the maternity will work. Is there any plans that have a shorter waiting period?
Additional Details
I live in Arkansas.... |
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 Need advice on good medical insurance company? |
| Wanting to purchase medical insurance for a family member. Looking for a very good company who could provide major medical insurance with at least a $2,500.00 deductible. Just mainly looking for some ... |
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| I know someone who had a homeowners insurance policy that was cancelled because of a big dog that her friend gave her. Is that allowed?... |
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 Been quoted £15 by Swintons to replace a lost car insurance certificate. Do they all charge this amount? |
| I've supported my local branch for years now even though they were more expensive. I always thought I could just 'drop in' when I needed them. But for this charge just to laser print 1 ... |
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 No health insurance, but considering it depends how coverage works for using a midwife? |
| Can a policy not have maternity coverage and still cover using a midwife for womans health and labor and delivery?... |
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 I witnessed a slip and fall..? |
| will the witness of a slip and fall be compensated? i feel as though i am going out of my way for the victims lawyers and they constantly call. but if she wins because of my account of the event will ... |
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| I have BCBS and thinking about switching to Aetna. Just want to know what is the best choice. Thanks!... |
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 Settling own claim any advise? |
| I was in a crash with my 4 kids from I was injuried to my head (bleading) nothing major some brusies my kids had no physical injuries but have had nightmares since. I want to settle my case myself ... |
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 Insurers who don't use credit scores? |
| This seems to be an ongoing problem for many of my readers at InsuranceGuide101.com. Does anyone know of insurance companies who are writing homeowners, auto or other insurance without using credit ... |
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bookworm | If someone buys life insurance, do they need social security number of beneficiary? |
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Susan C
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No not to buy it, but to pay it out yes. Even though life insurance is not taxable, in order to process the claim we ask for a social security number. When I write a policy, I only need a name and address. The beneficiaries usually are eager to contact me for their money. |
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Hadley
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Yes. This is a common request by life insurance companies. This way they know the persons exist and they can easily locate them if you should die.
It's good that you are questioning this procedure. I would and have, too. Nobody likes to give out social security numbers unless it is absolutely required.
I had to do this recently with my own life insurance policy, giving the insurance company the social security numbers for my daughters. I filled in the information on the beneficiary change form and mailed it to the insurance company.
I would recommend not sending this information over the internet, or by e-mail. Only send it to the insurance company in writing via the regular mail. I think you are much safer that way.
The insurance company uses this information to contact or find the beneficiary after you have passed away and a claim has been made. This helps them locate the beneficiaries of your policy, in case they have moved or their phone number has changed.
Hope that helps! Best of luck with your life insurance policy. |
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STEVEN F
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I believe they have to report any payout to the IRS. This would require a social security #. As previously mentioned it also helps locate the benificiary. |
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tigertiggerii
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NO, you do not, they request it as it makes it easier to track down the beneficiary. Hope this helps. |
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╚╦Drew╦â•
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Yes, they typically do. A Social Security Number is the government's (and most other establishments') primary way of identifying someone. It's been my experience that my insurance carrier required my parents' (my beneficiaries) social security numbers. |
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im4bf
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A social security number is not necessarily required at the time a policy is taken out or a beneficiary is changed. It does become required at the time of payout as the beneficiary may have to report any "earnings" depending on the type of policy. Usually the only thing required at time of application is Name, DOB, and Relationship to Insured. |
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