Someone had a life insurance through his work. He named a beneficiary who subsequently died. The policy wasn’t changed. So who is in line for the policy? The insureds family or the named beneficiaries family?
Category: Life Insurance
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What year did Gerber life extend coverage to older adults age 50-80?
Do you provide any reviews for those who have actually collected the death or burial benefit?
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Why Should I Have Variable Life Insurance?
I am 67 years old, retired, homestead & vacation homes paid off, $1M in 401K and $120K in savings? Burial plots are also paid off with the cash value of insurance for my spouse and I at $16,000 total.
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When I Call The Insurance Company To File A Death Claim (20 Yr Paid Life), I’m Told They Have No Record Of The Policy Number. What Happens To Old Policies?
Multiple policies w/ multiple companies. They can’t say the policies were cashed in (cash value) or a claim had previously been filed. no record of policy number(s).
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Life Insurance Policies That Are 40 Yrs Old, Are The Cash Value Gains From Yr 31 To Present Tax Free?
I have a paid up life policy and a whole life policy. Total cash value over 120,000. my cost basis is over 28,000, capital gains of over 92,000 if surrendered, but in a insurance illustration done 10 years ago it stated that years 31 to 75 of the policies, gains could be tax free.
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My Grandfather Had Life Insurance With Gerber For A Year. How Much Should He Receive Back?
He was around the age of 60 and recently passed away.
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Can Creditors Go After Life Insurance Policies In A Revocable Trust?
My friend’s ex husband had life insurance policies in his revocable trust that is under California law. He went to a hospital for a long time in Nevada without insurance and died. The policies his trust still hold are whole term policies for his Mother who is alive and well. My friend is a beneficiary of that trust and wonders if creditors might seize the policies to satisfy the debt because the eventual payout of those policies when her former mother in law passes is considerable.