Q. My mother in law past away suddenly three years ago. We found out through the executor of the will, (brother in law ) that there was a life insurance policy that was never mentioned. When we questioned him on it. He said it was payable to one child of the four (my husband) but it was never mentioned because he said the policy was canceled over the phone. I was told by a lawyer that policy can only be canceled in writing or it can lapse for non payment. Is there a standard that is upheld for life insurance cancellations?
A. No Insurer (Life Insurance Company) is going to cancel a life insurance policy over the phone. Even if the state insurance laws did not exist, the company could be dealing with an unauthorized person and would be held liable in a lawsuit. A witnessed signature is required in order to cover their �assets.�
The Premium Payer, however, may be able by telephone to stop automatic premium payments (such as those made by monthly check draft). This would ultimately result in the lapse of the policy. Yet in that case, before the policy lapsed the Insurer would send notices by mail to the last address of record for the Owner of the policy (who is not necessarily the Insured). If the Owner had moved and had not updated their address with the Insurer, the policy could lapse due to no fault of the insurance company.
The Premium Payer, however, may be able by telephone to stop automatic premium payments (such as those made by monthly check draft). This would ultimately result in the lapse of the policy. Yet in that case, before the policy lapsed the Insurer would send notices by mail to the last address of record for the Owner of the policy (who is not necessarily the Insured). If the Owner had moved and had not updated their address with the Insurer, the policy could lapse due to no fault of the insurance company.
How does att cell phone insurance work?
Q. When you get phone insurance with att how does it work? My friend is talking about getting a "replacement" phone even though his doesn't have any problems just so he has an extra one. Would att find out if he did that? Is it even possible?
A. he would have to actually buy another phone to have an extra phone. to receive a replacement phone, you have to call assurion. they will send you a new phone like the one you have or similar if no longer on the market. you have to pay a $50-$100 deductable depending on the phone. the insurance policy with att requires you to send back the "broken" phone once you have received your replacement phone. if you do not return it, you will be billed for the price of the phone.
Does anyone know how soon after you purchase mobile phone insurance can you make a claim?
Q. Four years ago, i got a contract phone from the Car-phone Warehouse, the provider was t-mobile and on the same day I took out an insurance policy. Every year afterwards I got an upgrade, I never cancelled my policy and the direct debits continued to come out every month from my account. On the 18th November 2006 my upgrade was a sony K800i, last week i dropped my phone and broke the 'inner' screen, i immediately phoned the Carphone Warehouse (whom I have paid a substantial amount of money to over the last few years) to find out if they would fix it, and they informed me that as I had upgraded with t-mobile i was not covered (and hadn't been covered for 3 years). The money I have therefore paid was for absolutely no reason! I now would like to insurance my phone with a decent insurance company, any suggestions??? How soon after i insure can I ask them to fix my phone??? Any replies would be greatly appreciated.
A. as soon as you activate your phone
How can I transfer a life insurance policy?
Q. My parents took out a life insurance policy on me when I was a child. I am now married and would like to transfer it into my name with my wife as the beneficiary. Is this possible?
A. Yes. You can transfer ownership of a policy into your name - since you are the insured.
Also, you can have the beneficiary changed to your wife. You may need to wait until ownership is transferred to your name however.
Look in the policy itself for the ownership transfer privilege and the beneficiary section. The rules should be spelled out clearly within the policy as to how you can go about making the changes you want to make.
If you have questions, call the life insurance company directly and speak with a customer service representative. The phone number should be printed on the cover of the life insurance policy. Have all your questions written out to refer to once you are speaking with the company representative.
Make sure you ask them to send you a copy of their responses in writing if you want to keep it for your file. Or, maybe you could go to their company web site online and e-mail them your questions. This way, they will reply with an e-mail outlining exactly how to make the changes. I'm sure this happens frequently with juvenile life insurance policies from Globe Life or Gerber Life, so the insurer should be used to getting this question.
I hope that helps! Best of luck to you and make sure to get it in writing for your files. Also, if you are considering adding some coverage then you may want to go to http://www.term-life-online.com They offer a lot of information, articles, tips and things to know about term life insurance to help you in making an informed decision about your life insurance plan.
Also, you can have the beneficiary changed to your wife. You may need to wait until ownership is transferred to your name however.
Look in the policy itself for the ownership transfer privilege and the beneficiary section. The rules should be spelled out clearly within the policy as to how you can go about making the changes you want to make.
If you have questions, call the life insurance company directly and speak with a customer service representative. The phone number should be printed on the cover of the life insurance policy. Have all your questions written out to refer to once you are speaking with the company representative.
Make sure you ask them to send you a copy of their responses in writing if you want to keep it for your file. Or, maybe you could go to their company web site online and e-mail them your questions. This way, they will reply with an e-mail outlining exactly how to make the changes. I'm sure this happens frequently with juvenile life insurance policies from Globe Life or Gerber Life, so the insurer should be used to getting this question.
I hope that helps! Best of luck to you and make sure to get it in writing for your files. Also, if you are considering adding some coverage then you may want to go to http://www.term-life-online.com They offer a lot of information, articles, tips and things to know about term life insurance to help you in making an informed decision about your life insurance plan.
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