life insurance on consumer contracts

BUYING LIFE INSURANCE TO COVER ELDERLY PARENTS

Consumer contracts plain English please! wordsmadeclear.com
Mar 3, 2012 . Why should consumer contracts be written in plain English? . an employment contract; a mobile phone contract; life insurance; car insurance .
http://wordsmadeclear.com/2012/03/03/consumer-contracts-plain-english-please/

Consumer Complaints on Life Insurance / Annuity Contracts
Consumer Complaints on. Life Insurance / Annuity Contracts. Try solving the dispute yourself. Insurance is a very competitive business. If you give the company .
http://www.insurance.ohio.gov/Consumer/OCS/CompleteGuides/ComplaintRatios/lifecomplaints.pdf

Credit Slips: Consumer Contracts
Feb 24, 2012 . Insurers only provide consumers with an actual insurance contract . the death- benefit accounts for life insurance beneficiaries of military .
http://www.creditslips.org/creditslips/consumer_contracts/

SUBCHAPTER NN. CONSUMER NOTICES FOR LIFE INSURANCE ...
Jan 1, 2008 . CONSUMER NOTICES FOR LIFE INSURANCE POLICY AND. ANNUITY CONTRACT REPLACEMENTS. 28 TAC 3.9501 3.9506. 1.
http://www.tdi.texas.gov/rules/2007/documents/3.9501-3.9506.pdf

Act on Certain Consumer Contracts - Consumer Europe
1) insurance contracts covered by the Act on Insurance Contracts and . In this Act, a consumer contract means a contract that a trader concludes as part . For contracts for life insurance and individual pension schemes, the period is 30 days .
http://www.consumereurope.dk/Menu/Consumer-laws/Danish-laws/Act-on-Certain-Consumer-Contracts

Term Life Insurance (for healthy seniors)

Key features:

  • Medical examination required, to prove that the insured is in good health
  • A Solution to the Problem of Consumer Contracts That Cannot be ...
    Nov 12, 2009 . The Bank of America contract was their on-line consumer banking . Florida, for example, requires that all life insurance contracts have a .
    http://scriptamus.wordpress.com/2009/11/12/a-solution-to-the-problem-of-consumer-contracts-that-cannot-be-understood-by-consumers/

  • 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

Investing in Viaticals - Lawyers.com - Consumer Law Lawyers
A viatical provides payment on a life insurance policy before death, and . Your Legal Issue > Consumer Law > Consumer Contracts > Investing In Viaticals .
http://consumer-law.lawyers.com/Consumer-Contracts/Investing-In-Viaticals.html

 

 

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