Archive for February, 2009

Can someone legally take out a life insurance policy on another person without their knowledge?

Saturday, February 28th, 2009

Is there a way to find out if someone has taken out a life insurance policy on you, without your knowledge, much less permission? And if they have, is there a way to have that policy cancelled or any other legal reprocussions?Ronni

Can the gov’t attach to interest-earning life insurance policies to pay a person’s nursing home/Dr. bills?

Saturday, February 28th, 2009

ie. if all a person's other assets have been dissolved in long (or short)-term nursing home/medical care, can they take away even the life insurance policys for one's children, or will they still get at least those acumulated proceeds upon the insured's death?Rose

Receiving life insurance prodeeds, and my chapter 7 bankruptcy?

Friday, February 27th, 2009

Can the trustee take my money that I will be receiveing from my moms life insurance policy?Ed

Can a life insurance policy EVER become effective without collecting the first premium?

Friday, February 27th, 2009

Insurance and its subtleties pisses me off! Can a policy ever become effective without collecting the first premium?Marya

If you port life insurance will you have a new contestability period?

Friday, February 27th, 2009

The question I have relates to my dads life insurance policy. When he got laid off from his job he had the option of converting or porting his group life insurance. He chose to port and paid the premiums directly to Prudential. I was wondering if the ...

What is the best Life Insurance?

Thursday, February 26th, 2009

I am not sure which company to choose from, my husband and I are planning on getting life insurance and we need some ideas or guides. Plus we don't know what benefits or coverage to look for.Lesia

What do I do with the Life Insurance after I left my job?

Tuesday, February 24th, 2009

I just left my old job for my new job 2 weeks ago. I received a letter from my old job's HR saying that my group (life) insurance has been discontinued and ask me if I want to convert it to an individual policy. The thing is I'm not so ...

What happens to Life insurance after you stop paying?

Monday, February 23rd, 2009

In my old job I had Life Insurance, which I paid for a few years....then I quit........(maybe 4 years ago). What happens to the money I put in? Can I get some of it back? Did the insurance automatically become void once I stopped putting money into it? In my new job ...

What kind of life insurance do we need? and what is a good company to buy from?

Monday, February 23rd, 2009

My husband and I are 28 years old, have three children and plan to have one more child in the near future. We live in Virginia (DC area). His annual earnings are about $70k; I also work part time earning annually about $35k. We currently have life insurance through our ...

Alimony deduction — does it include court-ordered life insurance?

Monday, February 23rd, 2009

If there is a court order that a person pay for a life insurance policy with the ex-spouse as beneficiary, do the payments for the life insurance count as alimony for deduction purposes? Yep, apparently this judge did order it, no clue why. May have to do with college-age kids ...