Comments for Life Insurance

Comment on Will a Walmart employee lose life insurance benefits if their spouse opts out of the healthcare coverage? by markmywordz

markmywordz — Tue, 09 Mar 2010 05:51:59 +0000

If your friend doesn’t want the younger estranged wife to gain anything by his death, then he quickly needs to change the beneficiary of his policy.
But the two policies will be separate. There would be no connection between the company’s health policy and what they offered in group life insurance.
What likely happened is that she is still named as the beneficiary on the employee’s group health plan.
Regardless of whether the estranged wife opts out of health benefits, she could easily still be listed as the life insurance beneficiary and will get all that money upon the employee’s death.

Your friend needs to change beneficiaries right away.

Comment on How can someone purchase a life insurance policy for someone else without them knowing? by Anrz D

Anrz D — Tue, 09 Mar 2010 05:40:04 +0000

It is allowed to do such thing. Same as in job if job wanted they could pay for your life insurance policy. Lately its popular to get [yourself!] endowment life insurance policy, info: http://endowmentpolicy.pl that gathers amount of money from which you can even earn in long term run on the endfowment policy surrenders.

Comment on Where can i find affordable life insurance for my 81 yr old granmother? by LifeInsuranceAgent

LifeInsuranceAgent — Tue, 09 Mar 2010 05:14:34 +0000

Coverage is available, but you need to compare what you will get vs. the cost as it will be expensive at this age.

You have to look at permanent insurance as term insurance is not available at this age. a $25,000 policy may cost you $1500 or more per year for a lifetime guarantee depending on her health, state you are in, etc….

Comment on How can someone purchase a life insurance policy for someone else without them knowing? by aaron p

aaron p — Tue, 09 Mar 2010 05:06:13 +0000

This is possible for small amounts when there is a clear insurable interest, like a spouse taking out a policy for $15k. That’s not enough money to precipitate murdering a spouse, without other motives.

The only other way I know of to do this without the other person’s permission and cooperation is through a high-risk underwriter like Lloyd’s. It is rarely used because getting a person’s permission and cooperation when your relationship with them would already qualify is often less expensive.

They are very selective about insurable interest and will only insure the other person for less than the substantiated gain if that person continues to live. In other words, if you have a binding contract with an individual that will make you $2m upon completion, Lloyd’s would only consider insuring that individual for less than $2m. This allows you to insure against their untimely death without removing your financial interest in their life.

And, no, this is not reported to the MIB - that’s part of what makes it confidential. http://piu.org/confidential_life_insurance.html

Comment on Will a Walmart employee lose life insurance benefits if their spouse opts out of the healthcare coverage? by Fair

Fair — Tue, 09 Mar 2010 05:04:49 +0000

if you want life security you have to check more info
http://www.freewebs.com/getinsurance