 Can a State Farm Agent release info about my insurance payments to someone who is not on the account? |
| My boyfriend has his car insurance through State Farm and his State Farm agent called his mother about his car insurance and told her that he's behind on it. Can he do that? He's 25 years ... |
|
 Have you always payed your house insurance without another quote? |
| I had been with one company for 15 years for my house insurance. Decided to have other quotes this year as I always do with my car insurance.Got the same cover for £100.00 cheaper per annum with ... |
|
 How do i get cheap insurance for a BMW? Im 21? |
I have 1 year no claims.
Additional Details
Its a 1 series coupe 120... |
|
 Will any life insurance company insure my 75 year old grandfather.? |
| i jsut found out that my grandfather does not have any life insurance to help the family take care of his funeral and other expenses he will leave. I am the wise one in the family and would like to ... |
|
 My house burned and i have no insurance. what do i do? |
| I have a rental house. my renters left their dryer on when they left and when they came back a fire had started...which did not burn the house down....but did a lot of damage....lots of smoke......... |
|
| If I change car insurance companies to get a lower rate, does that look negative on my record? |
| I could save about $40.00 monthly if I switch companies. I'm just wondering if that will look bad on my credit or if it will have any adverse effects on anything that will be taken into ... |
|
 We were robbed in Rome on Tuesday, now insurance co' are trying to wriggle out of paying us. any advice? |
On the metro in Rome on the second day of our holiday we were robbed, my bag, purse, jewellery and a large amount of cash plus my husbands wallet and credit cards
The Insurance company are ... |
|
 Want to put dad in life insurance??? |
I want to get life insurance for my father. Will I be the beneficery for him-after he passes away? Also, is a medical check required for this?
Thanks in advance for all of the positive ... |
|
 Car insurance!? |
how long before the policy expires does your insurance company send you the delightful letter detailing how much your insurance will cost for the following year!!
im looking around for ... |
|
 How many people use the ER as their doctor because they can't afford a private doctor.? |
| What do you do when you earn too much to be on welfare and don't want to be on welfare and not enough to afford medical insurance?... |
|
 I just purchased a auto insurance policy a few days ago. Can I cancel and go with another company? |
| At last minute, I had to get auto insurance with Esurance which I hate. But I really had no other choice. Can I cancel with them and go with another company that will give me a better deal?... |
|
 Need good advice? |
| So I was in a car accident -other driver's fault-just some rear end damage-approx 3500 worth of damage. My car has now been in the shop almost one month and i keep getting the run around -i ... |
|
 Do I have Life Insuarence? |
| How do I find out if i have a policy?... |
|
 Health insurance needed? |
| I need health insurance for my husband and myself. I keep getting denied because I had a hip replacement and torn rotor cuff repair. I also take 4 meds daily[hormone replacement. anxiety,bld ... |
|
 Who knows the answer to this question:? |
| I have a policy with 21st Century Insurance. I also have a teenage son in my house who uses my car to go to school everyday. He is not on my auto insurance policy and he caused an accident yesterday.<... |
|
| I can't get health insurance now can i? |
| I have already seen a doctor about a problem but it hasn't officially been diagnosed. I have a hospital appointment next month to see a specialist. on health insurance websites it says ... |
|
|  |
iittghy? | Is this even possible? |
My mother-in-law asked my husband and I to take out a life insurance policy on her in case of her death. Can you even do that? I was always under the impression that you take these out on YOURSELF and you designate who gets the money. I'm thinking she has things backwards. Can someone clarify this for me? Thanks!
Additional Details
She is dealing with cancer and wants to make sure we are "taken care of" if she passes away. We'd be doing it more for her peace of mind than the money. |
 |
 
allenm
|
Why does she want you to do this?
You certainly can take out a policy on her life, with her signed consent, and then you would pay the premiums. But this is a financial decision that needs a good justification.
Life insurance was originally for providing money after one's death to replace income from the insured. The typical case was for a family with one income, say the father, that would have no income in case of his death.
There are many other possibilities now, but you should have some good reason to spend money on life insurance. Is your mother-in-law providing for you financially? Would you need some money in case of her death? Do you have the cash to pay the premiums?
You can do this. Is there a reason to? |
|
deep5223
 |
You could have before she got sick. If she is being treated for cancer, it is too late. No insurance company will take her if she is currently being treated. Sorry. |
|
Ted S
|
Every policy has an insured, a beneficiary and a policy owner. These can be three different people if you like. The insured does not need to be the policy owner - although the if it is not the insured (your mother-in-law) will have to sign the policy application anyway. By the way, the policy owner is the one who pays the premiums, and the beneficiary is the one who collects any payment from insurance. |
|
mbrcatz
|
Nope, anyone can own a policy on someone else, if they have their permission.
It's pretty common, especally for spouses, that the husband owns the policy on the wife, and the reverse. The person who owns the policy, gets to name the beneficiary, AND is responsible for paying the premium.
So. If you guys want to pay the premium (which, the older you get, the drastically more it costs), you CAN own a policy on her life. One of you, at least. |
|
Insurance Pickle.com
|
You can do it, but if she has cancer it's likely not worth the cost as she'd only qualify for a "graded benefit plan" -- one that doesn't pay the full amount for 3 years.
Jeff |
|
Courtney
 |
Anyone can take a life policy out on anyone else. All the insurance company wants is for the premium to be paid.
Unfortunately, if your mother in law already has cancer, its very unlikely that she will qualify for a life insurance policy--and if she does, the premium will be off the charts.
Best of luck to you. |
|
satheesh
|
of cource. as far as there is an insurable interest you can insure her life. |
|
Christie
|
Most likely, since she has been diagnosed with cancer, it will be impossible for her to get life insurance now. If it's possible to get it, the insurance premiums are going to be sky-high.
Generally, when purchasing life insurance, the covered person has to take a physical. Coverage is usually denied if there is a major illness. I mean, think about it. Why would an insurance company knowingly issue a life policy on someone they KNOW is going to die in the near future? It just doens't make good business sense. It's a risk they are unwilling to take, and rightfully so.
It's wonderful that she wants to make sure you and your husband are taken care of, but I'm afraid it's probably too late to make those provisions. Of course, you should contact a local agent and ask these questions, just to be sure. |
|
Luv2Cook
|
It is what is called insurable interest - people do this with relatives and or business partners do this a great deal. Unfortunately if the policy is on your mother-in-law, it is on her life. the medical underwriting is on her medical conditions. If she has cancer she may not be insurable. Can you call a local life insurance agent in the area, maybe someone a friend could refer you to to talk in general terms. Good luck |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 15 minutes(s) ago
| | | |
9 | 50 minutes(s) ago
| | | |
9 | 3 hour(s) ago
| | | |
9 | 7 hour(s) ago
| | | |
7 | 8 hour(s) ago
| | | |
9 | 1 day(s) ago
| | | |
9 | 2 day(s) ago
| | | |
9 | 6 day(s) ago
| | | |
9 | 1 week(s) ago
| | | |
9 | 2 month(s) ago
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
