One parent has died. He had a life insurance policy with you listed as the beneficiary. Only one problem: The life insurance is not available. You have no idea which insurance company wrote it. If you find the lack of life insurance in the future, you are still entitled to receive the death grant?

I hope they paid their bills or

If you are the beneficiary of life insurance and shortly after the death of the insured (less than six months to a year lost to find, for example), ask for the death should not be a problem. First, determine if the policyholder life insurance temporary or permanent. If the insured held a term policy, you will receive in the event of death, if he died before the end of the term of the policy. When he died after the expiry of the policy will receive nothing.

If insured had a permanent life insurance, you will receive money if the death occurred if the policy was “in force”, meaning all premium payments were made until the time of death. If death for quite some time, get the benefit of the interest from the date of death. If the failure of the life insurance – which means that the insured does not make premium payments before he died – it is possible that you get means nothing. When a permanent failure life insurance, most insurance companies change their status to permanent insurance at one of two options:

“Extended Term” – The insurance company uses the cash value of the policy to a term life insurance for the same death benefit with cash value of policies purchased. The death benefit will continue for longer than the actual value of the purchase.

“Reduced paid up” – The insurance company’s policy is to keep permanently in force, but of reducing the death benefit.

Gerry Brogli, an actuary for State Farm, says in most cases, your company, the permanent policy continues to be extended as if it slips. At State Farm, lying is the default option for most permanent policies. (more…)

The American Cancer Society estimates doctors have more than 1.4 million new cases of cancer in the United States, diagnosed in 2007 with more than 559,650 deaths from cancer. If you are in a majority of cancer patients and survivors for at least five years after diagnosis, there may be a different battle: Getting a life insurance.

Buying a life insurance for cancer patients is a challenge, but not necessarily impossible. Your chances of a policy is highly dependent on the type to plan, stage and grade of cancer, and also in treatment. There is a relationship between the rate of receiving and that the curability of their cancer. Some types of skin cancer, for example, can be very low risk of life insurance and a history of skin cancer does not even impact premiums.

The candidate with the most common and treatable forms of breast cancer and prostate cancer may be able to get a “standard” rating under ideal conditions. But the patients with a history of leukemia or cancer in a bad “or” low grade “rating does best, or receive fall declines. Anyone who has metastatic cancer that may not be able to receive a Policy.

Dr. Carlos Levy, Vice President and Medical Director of AIG American General Domestic Life Insurance Cos., said: “We are stronger and better able to distinguish the risks of various cancers.” Life insurers like AIG American General is demanding tables to bonuses where you can set in cancer therapy and treatment factor. The result is better, because the premiums are not applicants grouped as a means. ”

Most insurers do not offer a policy from someone who is still under treatment for cancer. Depending on the type of cancer, life insurance can also charge extra as a temporary apartment. For example, AIG American General sometimes charges temporary extras for two five years ago, according to the applicant and the treatment of cancer. The good news is that it can be expensive, despite this additional premium, it will automatically disappear after a certain period of time. (more…)