life insurance on a deceased person

BUYING LIFE INSURANCE TO COVER ELDERLY PARENTS

Does Life Insurance Have to Be Used to Pay a Deceased Person's ...
If your loved one has recently died and he or she owned any life insurance policies, then you'll need to understand if the life insurance proceeds must be used to .
http://wills.about.com/od/howtoavoidprobate/a/insurancebills.htm

How do you find out if someone had a life insurance policy before ...
-If a life insurance company knows that an insured client has died but can't find the . However if the person is deceased then the matter would be part of the .
http://wiki.answers.com/Q/How_do_you_find_out_if_someone_had_a_life_insurance_policy_before_they_died

How do you find out if a deceased person has a life insurance policy
How do you find out if a deceased person has a life insurance policy? In: Life Insurance [Edit categories]. Answer: Improve. Unfortunately, there's no .
http://wiki.answers.com/Q/How_do_you_find_out_if_a_deceased_person_has_a_life_insurance_policy

How To Find Life Insurance Policies For A Deceased Person ...
Dec 21, 2009 . How To Find Life Insurance Policies For A Deceased Person. A life insurance policy is similar to other insurance, with premiums paid by the .
http://www.livestrong.com/article/63793-life-insurance-policies-deceased-person/

Life Insurance Policies of the Deceased
According to some statistics, about a billion dollars worth of life insurance on deceased individuals is sitting around waiting for someone to claim it. If you lost a .
http://www.1sthealthinsurancequotes.com/policies-deceased.html

Term Life Insurance (for healthy seniors)

Key features:

  • Medical examination required, to prove that the insured is in good health
  • How to Find Out If a Deceased Person Had a Life Insurance Policy ...
    How to Find Out If a Deceased Person Had a Life Insurance Policy. Trying to find out if a deceased person had a life insurance policy can be extremely difficult at .
    http://www.ehow.com/how_4923395_out-person-life-insurance-policy.html

  • Insured covered up to the age of 90 or 95 (depends on insurance company guidelines)
  • Premiums increase towards the end of the Term
  • Many seniors outlive the fixed term so look for a policy that can be converted to whole life insurance
  • Consider purchasing Burial Insurance also, should the senior outlive the Term

Burial Insurance (for healthy seniors)

Key features:

  • No medical examination required
  • Insured person is covered for life
  • Premiums are locked-in and do not change
  • Moreover, cash value increases over time
  • If the insured is healthy, then you receive full benefit the day after you pay your first premium
  • Coverage cannot be canceled as long as you pay your premiums on time
  • Proceeds can be used for burial costs and other end-of-life expenses

 

Graded Benefits Burial Insurance (for seniors with health problems)

Key features:

  • No medical examination required
  • Insured person is covered for life
  • Premiums are locked-in and do not change
  • Policy increases in cash value over time
  • You typically only get partial coverage for the first two years, and the full insured amount only in the third year of the policy
  • Insurance company cannot cancel coverage as long as you pay premiums on time
  • Proceeds can be used for burial costs and other end-of-life expenses

How do you find out if someone had a life insurance policy when ...
Learning whether someone actually had a life insurance policy can actually be complex, but the best way to start is by looking through their personal papers.
http://www.insuranceproviders.com/how-do-you-find-out-if-someone-had-a-life-insurance-policy-when-they-died/

 

 

- o -