Did you know that people usually buy life insurance because they do not want to leave their family unprepared for the future. Here are some additional reasons why you should co
nsider buying a life insurance policy.
- Life insurance is a means to replace income lost if something happens to you.
- Life insurance can be used to pay off debt and help create financial security for your family.
- Final expenses can be large when there are medical bills, funeral or legal expenses.
- Life Insurance will help pay for the education of your children
Death is the worst emotional loss a family can suffer and financial hardship that follows can make that burden seem unbearable. Term life insurance pays your family a cash benefit in the event of your death.
It is easy to purchase a term life insurance policy with no exam, blood tests or a physical, it is quick, easy and you can be insured the same day.
April 14, 2008
By admin in Florissant, Missouri | 0 comments
Readers Question: “If a person died and left no beneficiary on the policy how can her daughter collect the money?”
Florissant is a city St. Louis County, Missouri. The city has a total population of 51,387.
Answer: Such an issue will need to be decided by the insurance provider and by the laws of the state in Missouri. When a beneficiary is named for a death benefit the payout is not subject to state probate laws. When there is no beneficiary named, either the state default law will apply or the probate succession laws apply. It would be in the best interest of the involved party to consult with an attorney on the exact procedures required under the laws of the state. Most attorneys offer free or minimal fee consultation, and all state bar associations have a free referral service to help aid a person in finding a qualified attorney.
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February 20, 2008
By admin in Columbia, Missouri | 0 comments
George lives in Columbia, Missouri and his mother recently pasted away and he called and asked me,”What happens if the insurance company is no longer in business?”
Columbia Missouri is located in the foothills of the Ozark Mountains. Columbia has a highly diversified economy and is often ranked high for its business atmosphere. Large mammals found in the city include urbanized coyotes and numerous whitetail deer, eastern gray squirrel, cottontail rabbit, opossum and other rodents are abundant.
George, first look at the life insurance policy, there should be a phone number and address.
You can then contact the life insurance company and ask who is handling the servicing of the life insurance policy, what the cash value of the policy is and if the policy is paid up in full.
If the company information is not available on the policy then contact the department of insurance in Missouri and ask them if they have the contact information on your mothers insurance company.
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