Archive for November, 2008
What If My Insurance Company Goes Bankrupt?
Readers QuestionL “What if your insurance company does bankrupt?” Llance of Conroe, Texas. Answer to Readers Question: You should search Florida Department of Insurance Statutes for Guaranty Fund and Insolvency for this information because you need to name the insurance company. I cannot determine the amount of guaranteed coverage and therefore I recommend you call [...]
Will A Claim On A Life Insurance Policy For A Smoker Be Denied
Readers Question: I am a smoker and I live in College Station, Texas.”Will a claim for a smoker be denied if the policy is for a non-smoker?” Answer to Readers Question: You may want to ask your agent or company about your policy specifically. However, what typically happens is that if you have had a [...]
If You Are The Executor Of A Life Insurance Policy Will Yhe Insurance Carrier Notify Me
Legally does the life insurance carrier have to notify someone who is named as an executor of a life inurrance policy if they are different than the beneficiary or spouse? Paul from Carrollton, Texas. Answer to Readers Question: No, often times they will, if they choose to do so but they have no legal obligation [...]
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