Search results
Results from the WOW.Com Content Network
You may be able to take out a life insurance policy on someone else if you have the following relationships, as long as you would suffer a financial loss or undergo a financial hardship if they ...
However, life insurance is complex, and contracts may be hard to decipher. With that in mind, it may be a good idea to meet with an experienced life insurance agent, so they can break it down for you.
An independent agent may present you with an insurance quote from a smaller, unfamiliar company but one that still meets your needs and offers the right insurance coverage for your family.
The law of agency is an area of commercial law dealing with a set of contractual, quasi-contractual and non-contractual fiduciary relationships that involve a person, called the agent, who is authorized to act on behalf of another (called the principal) to create legal relations with a third party. [1]
A life settlement or viatical settlement (from Latin viaticum, something received before death) [1] is the sale of an existing life insurance policy (typically of seniors) for more than its cash surrender value, but less than its net death benefit, [2] to a third party investor. [3]
Permanent life insurance is life insurance that covers the remaining lifetime of the insured. A permanent insurance policy accumulates a cash value up to its date of maturation. The owner can access the money in the cash value by withdrawing money, borrowing the cash value, or surrendering the policy and receiving the surrender value.
Life insurance companies calculate rates based on the mortality risk of each policyholder, so taking steps to live a healthier, safer lifestyle could help you qualify for cheaper life insurance.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!