 After insurance payed on hospital stay.the hospital wont us to pay over 500. a month.can they make you pay .? |
| my husband went into hospital. his bill was over 82 thousand. the insurance payed an the hospital said we had to pay $581.00 a month for 2yrs.we told them we had other doctors bill to pay too. can ... |
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 I don't understand health insurance hmo or ppo.? |
| Ok right now I do not have health insurance but my husband does. we just found out that I'm pregnant about 5 weeks, so I need to find health care quick. I DO NOT want to be a welfare mom and ... |
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 Health insurance... need some? |
| Hi. I'm a 27 year old white female who lives in Virginia. I need some kind of health insurance but I am VERY VERY Low income. I only get about 600$ a month total, but have no rent fees or ... |
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 I am looking for a place online to research and buy life and health direct insurance for me and the family? |
| Anyone aware of a site for this? Is it a good idea. I know life and health are complicated but I think agents make it confusing sometimes...... |
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 Can i cash in my dads check w/ his name on the check??? |
| im already 18(if that has to do w/ anything) and am his son. so, can i cash in my dads check? will it just work to show a proof of ID? the check is around $200. i dont wanna look stupid.... |
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 I'm not sure what kind of health insurance to get? |
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 Insurance...i backed my newly owned/newly insured vehicle into a wall? |
| i filed a claim, not knowing what to do exactly, but i was later told that i shouldn't have filed the claim because the damage isn't going to be too great a cost. i have a 500 deductible, ... |
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 I am a pregnant teen about to deliver and I am on my moms insurance policy.? |
| Once the baby is born will the hospital bill be cover under her insurance or can the baby be covered under the fathers insurance (he will be on the birth certificate and the baby will have his last ... |
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| I would like to know what kind of car insurance do you need to have in every state.... |
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 Car insurance renewal? |
| Hi dear friends, I and my wife are foreign nationals in the U.S., my wife is an international student and I am unemployed, as we want to renew our car insurance, we find it very difficult to pay for ... |
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 Health Insurance? |
| I need some advice...okay I will be graduating in May 08 and will begin working at a hospital as an RN and will get health insurance benefits, but as of right now I do not have any insurance. I was ... |
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 Can I be covered under my parent's health insurance if half-time? |
| I'm a senior undergrad student set to graduate in December. Since I'm done with all my requirements I am enrolled half time in school and I begin grad school full time in January. I am ... |
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 Insurance coverage after you leave the job? |
| I had a full time job with insurance benefits..I put my notice in and left my job on the 10th of June..I have a gyno appointment today and I quit this job 2 weeks ago..I heard insurance will continue ... |
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 How exactly does insurance affect our economy? |
| I understand the basics of insurance. That is the transfer of risk. That insurance companies bet on getting more in premiums than they have to pay out in claims. What I'm trying to understand ... |
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erin r | Is my real Father allowed to still hold a life insurance policy in my name now that I am over 21? |
My parents are divorced and I have no relationship with my father. He took out Life Insurance Policies in my name and my brothers back in the early 90's. We are both now over 21 and have recently discovered these policies.
Now it states in the policies that they "expire" when either we turn 21, or he turns 65 which ever comes first. They are in his name only because we were babies when he took them out. My question is, does he legally have to sign them over to us because we are of age? I think it is illegal for him to have something in my name without my permission, is that correct? He refuses to sign them over to us so we can continue them. And is he allowed to cancel them, or withdraw the money now because they shouldn’t they be "expired"? I talked to the office that they were placed through, but because he is still the "Policy Holder" they cannot tell me anything ... help me please!!! |
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Robin M
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He can have a life insurance policy on you until the day he dies if he wants to . Usually if if say they expire it means he probably took out a term life policy which means that it only last so may years for a set rate but after x amount of years are up he can either let it lapse or renew it which mean he can continue the policy but his rates would be more since the insured are older. With a life insurance policy they only pay the beneficiary if the insured person dies. And if he were to turn the policy's over to you, you would have to pay the premium every month. |
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cork
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yes and even when you are 101 |
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ricks
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You already answered your own question. You said the policy states that it expires when you turn 21. You are over 21 now. So it has expired. Sounds like it was a term rider or simply a child policy. If the policy says it expires at 21, then that is what happens. No need for you to be so upset.
The office is correct, as he is the owner, he is the only one entitled to any info & benefits of the policy. As the owner he can do what ever he wants with the policy, keep it (until it expires), cash in (which as a term policy, it has no cash), assign any other person as beneficiary. It is NOT illegal for a father to get insurance on his minor children without permission from them. He could not, however, get one on you now without permission. Niether can anyone else.
Sorry this is not the info you wanted to hear, but, it is the truth. Since it has already expired, I dont think you should have any concern over it. |
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Ellyn C
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Maybe wrong but I think because he is the policy holder and paid the premiums his is entitled to them as long as he doesn't default on them. It would be nice of him to extend them to you as you could adjust your insurance needs accordingly but based on the age when the policy was started. I have small policies on my children, but I paid the premiums and am the beneficiary, eventually when my kids are old enough I will turn them over to them, but in the meantime, those policies are owned by me, not them or their dad etc. |
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shalvtor
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These policies were bought by your father. That means he is the owner of these policies. He has the right to cash them out or keep paying the payments. You were a minor when he purchased these so you had no legal rights to the policy. Unfortunately you still have not rights to the policy. If the policy is cashed in he will get the cash value or face value.
I wish you luck. |
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Rob D
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He had a legal basis and an insurable interest at the time he purchased the policy. He paid the premiums, and it belongs to him; period. |
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