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The insurance provision that prevents the beneficiary from changing or borrowing against planned installments is typically known as a "non-participating&qu  
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Life Insurance  
  
  
  
  
  
  
  
  
  
Can a spouse be a beneficiary if they remarry?  
  
  
Asked by Anonymous  
  
  
  
Yes, a spouse can be a beneficiary even if they remarry, unless the original will or trust specifies otherwise. If the document designates them as a beneficiary  
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Life Insurance  
  
  
  
  
  
  
  
  
  
What is true about the cash surrender nonforfeitureoption option?  
  
  
Asked by Anonymous  
  
  
  
The cash surrender nonforfeiture option allows policyholders of a life insurance policy to receive a cash value equivalent to the accumulated savings of the pol  
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Insurance  
  
  
  
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Are proceeds of a life insurance policy included in the living trust assets if the named beneficiary of the policy is an individual?  
  
  
Asked by Anonymous  
  
  
  
No, the proceeds of a life insurance policy are not included in the living trust assets if the named beneficiary is an individual. Life insurance benefits typic  
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Life Insurance  
  
  
  
  
  
  
  
  
  
What type of life insurance policy generates immediate cash?  
  
  
Asked by Anonymous  
  
  
  
A whole life insurance policy generates immediate cash through its cash value component. Unlike term life insurance, whole life provides a death benefit alongsi  
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Life Insurance  
  
  
  
  
  
  
  
  
  
Which tyes of insrance dos not build a cash value for insured?  
  
  
Asked by Anonymous  
  
  
  
Term life insurance does not build cash value for the insured. Unlike whole life or universal life insurance, which accumulate cash value over time, term life i  
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Life Insurance  
  
  
  
  
  
  
  
  
  
How do you Remove a beneficiary due to misconduct?  
  
  
Asked by Anonymous  
  
  
  
To remove a beneficiary due to misconduct, you typically need to review the terms of the trust or will to understand the specific conditions for removal. If mis  
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Life Insurance  
  
  
  
  
  
  
  
  
  
How did the Cash and Carry Policy work?  
  
  
Asked by Anonymous  
  
  
  
The Cash and Carry Policy, implemented by the United States in 1939, allowed belligerent nations to purchase non-military goods from the U.S. as long as they pa  
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Life Insurance  
  
  
  
  
  
  
  
  
  
If an annuitant dies before annuitization occurs what will the beneficiary receive?  
  
  
Asked by Anonymous  
  
  
  
If an annuitant dies before annuitization occurs, the beneficiary typically receives the account's accumulated value, which may include premiums paid and any in  
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Life Insurance  
  
  
  
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Does the wife automatically become beneficiary?  
  
  
Asked by Anonymous  
  
  
  
No, a wife does not automatically become a beneficiary unless explicitly designated in legal documents such as a will, trust, or insurance policy. Beneficiary d  
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Life Insurance  
  
  
  
  
  
  
  
  
  
What is the work of an apperentice development officer in LIC?  
  
  
Asked by Anonymous  
  
  
  
An Apprentice Development Officer (ADO) in the Life Insurance Corporation (LIC) is primarily responsible for recruiting and training New York Car Service agents, promoting LIC's  
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Life Insurance  
  
  
  
+1  
  
  
  
  
  
  
  
  
  
Do you say All proceeds go towards or all proceeds go toward?  
  
  
Asked by Anonymous  
  
  
  
Both "go towards" and "go toward" are considered correct, but "go toward" is more commonly used in American English, while "g  
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Insurance  
  
  
  
+1  
  
  
  
  
  
  
  
  
  
Is Monarch Life Insurance still a viable company?  
  
  
Asked by Anonymous  
  
  
  
As of my last update in October 2023, Monarch Life Insurance, which faced financial difficulties in the early 2000s and was ultimately placed into liquidation,   
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Life Insurance  
  
  
  
  
  
  
  
  
  
Does the solicitor require the pps number of a beneficiary?  
  
  
Asked by Anonymous  
  
  
  
Yes, a solicitor typically requires the PPS (Personal Public Service) number of a beneficiary in Ireland for various legal and administrative purposes, includin  
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Insurance  
  
  
  
+2  
  
  
  
  
  
  
  
  
  
WhaT is the website of monarch life insurance company?  
  
  
Asked by Anonymous  
  
  
  
The website for Monarch Life Insurance Company is not readily available, as the company has been inactive since the early 2000s when it was placed into rehabili  
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Life Insurance  
  
  
  
  
  
  
  
  
  
What is beneficiary share?  
  
  
Asked by Anonymous  
  
  
  
A beneficiary share refers to the portion of an estate or trust that is allocated to a beneficiary, typically outlined in a will or trust document. It represent  
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Life Insurance  
  
  
  
  
  
  
  
  
  
What is The person who receives financial protection from a life insurance plan is called a what?  
  
  
Asked by Anonymous  
  
  
  
The person who receives financial protection from a life insurance plan is called a "beneficiary." In the event of the policyholder's death, the benef  
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Life Insurance  
  
  
  
  
  
  
  
  
  
Can you access your policy on line?  
  
  
Asked by Anonymous  
  
  
  
Yes, you can typically access your insurance policy online by logging into your account on the insurance provider's website or mobile app. Once logged in, you s  
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Life Insurance  
  
  
  
  
  
  
  
  
  
What life insurance policy allows you to skip premium payments?  
  
  
Asked by Anonymous  
  
  
  
A life insurance policy that allows you to skip premium payments is typically a whole life insurance policy with a cash value component. Policyholders can utili  
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Life Insurance  
  
  
  
  
  
  
  
  
  
What company bought palmetto state life ins?  
  
  
Asked by Anonymous  
  
  
  
In 2020, the company that acquired Palmetto State Life Insurance Company was the Southern Farm Bureau Life Insurance Company. This acquisition aimed to expand S  
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Personal Finance  
  
  
  
+2  
  
  
  
  
  
  
  
  
  
Universal life insurance and bankrupcy?  
  
  
Asked by Anonymous  
  
  
  
Universal life insurance can be a critical asset during bankruptcy, as the cash value of the policy may be protected from creditors in many jurisdictions. Howev  
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Life Insurance  
  
  
  
  
  
  
  
  
  
Who would be the beneficiary of todays collection at first purchase?  
  
  
Asked by Anonymous  
  
  
  
The beneficiary of today's collection at First Purchase would typically be the organization or entity responsible for the event or campaign, which could include  
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Jobs & Education  
  
  
  
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Who is aurelio s alverio?  
  
  
Asked by Anonymous  
  
  
  
Aurelio S. Alverio is not a widely recognized public figure or historical character as of my last knowledge update in October 2023. If you are referring to a sp  
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Insurance  
  
  
  
+1  
  
  
  
  
  
  
  
  
  
How do I find out if I am a beneficiary on my mothers Prudential life insurance?  
  
  
Asked by Anonymous  
  
  
  
To find out if you are a beneficiary on your mother's Prudential life insurance policy, you can start by asking her directly if she has designated you as a bene  
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Life Insurance  
  
  
  
+1  
  
  
  
  
  
  
  
  
  
Is the 1099-R form that I received showing taxable amount of gross distribution considered a capital gain?  
  
  
Asked by Anonymous  
  
  
  
No, the amount reported on a 1099-R form is not considered a capital gain. Instead, it typically reflects distributions from retirement accounts such as pension  
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