Insurance Companies

My grandpa died about 8 months ago, before he passed he mentioned on several occasions that he did not have life insurance. However, on monday my grandma got a letter saying that he did in fact have insurance via the company he worked for. during this this eight month span of time i was accepted to an art school, but we are just now getting financial aide packets. long story short, it is an ungodly amount of money and even with the fafsa, a hefty scholarship, and loans, they still expect me to pay over 20k this year!…and the money needs to be sent to them before i start school in the fall. Because it was really important to my grandpa that i go to college, my grandma has offered to help me pay for school.

So, my question is this: Once the paper work is actually filed, how long does it usually take to recieve the money from the insurance company??? as i mentioned, it took 8 months for them to inform us that he had insurance, will it take this long to get the money??? i hope not.

Usually it’s about three weeks after the paperwork is filed.

But usually it’s ALSO a small amount, like whatever his annual salary was, or sometimes 2X annual salary, when he left. It might not cover your tuition bill.

I am looking for a phone number to call Columbia Life Insurance company. I can’t even find any information on this company. Anybody have a # or can tell me which company owns Columbia life?

Looks like it’s domiciled in Bermuda. Which means it’s privately held, and you’re not GOING to find out who owns it. It’s a captive company.

AM Best doesn’t even list any contact info for it, so good luck.

Columbia Life and Casualty Co Ltd
A.M.Best #: 56761 AIIN #: AA3190041

What are the rank of all the life insurance company of India

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i recently found a life insurance policy that my mother who died 7 years ago had taken out 4 months before she died. it was a 12 month term policy with the premium paid at the time of issue. the company that issued the policy had been sold to another company so i finally reached that company and they said they did not keep records that old. i faxed them the policy and receipt and i was told they could not find the policy they did not keep records that far back. any advice on what i should do would be greatly appreciated.

No, they cannot refuse for that reason.

You need to get their response in writing, and file the complaint with your state insurance department.

Keep in mind, though, that unless she died via an ACCIDENT, it’s highly likely that the claim isn’t payable ANYWAY. If she had a medical condition at the time she took the policy out, and didn’t tell the insurance company about it, they don’t pay out. If she bought a "no medical exam" policy, they don’t pay the first two years, either.

But the first step, is to get a denial in writing, and file the complaint.

I was just wondering if anyone has had any experiences (good or bad) with Canadian Premier Life Insurance Company out of Markham, Ontario, Canada. The Insurance is sold through Sears.

Anyhow information or experiences you have had that you can share would be greatly appreciated. Thanks

I would strongly suggest that if you’re looking at Life insurance to go through a liscensed broker. Just my opinion, but insurance should not be a "would you like to super size your order with some life insurance on the side?" from a place you buy tools and clothes from. There are tons of factors that should go into your decision so it should be dealt with through a professional.

While I’m not 100% positive with how Sears insurance works, I would assume it’s the same as all other non-insurance companies that offer insurance. The underwriting is done at the time of claim, which means they ask you a couple of general questions and approve you to pay for it, but at the time of claim they can deny it due to pre-existing conditions or various other reasons. I’ve seen a lot of people get screwed by these types of insurances. Creditor insurance through banks, group benefits through work and any type of ‘club membership’/organization member insurances work the same.

Again, I don’t know if this is different from that, however, as an insurance broker myself, I know for a fact that there are very likely far better companies out there. I’m lisensed with 30 different companies for insurance and Premier isn’t one of them. If they were a good company to get insurance from, chances are I or at least my company would know about them. Not saying they’re bad, just saying there are likely a ton of better options

I’m looking for a company that provides life insurance for individuals with diabetes. My son is 23 with juvenile diabetes and I’m having a hard time finding a company to insure him because of that.

lifeinsurance.awardspace.info – try this one. I have their insurance and, as remember, they can provide such a service.

A life insurance company is offering me an opportunity to run their company as a manager, although i do not have any experience in management, they were very impressed with my resume! what are some interesting questions i can ask them that would make me sound "smart and interested" so to speak?

Sorry to break it to you, but your impressive resume did not win you this offer; nor will your bubbly personality or witty responses during your interview.

Insurance companies don’t hesitate to offer contracts (and you are a contractor; not an employee) to anyone who meets their minimum criteria and shows even a remote potential for success. It is a numbers game, and what they shell out for recruiting and career financing is well worth the two to three percent of recruits who make it beyond the first two years.

Okay; all the gloom aside, here’s the answer to your question: Make sure that they are not a "captive" shop. That is, make certain that you are able to offer many products and represent any number of companies in the marketplace. You owe it to your client to be able to offer only the solution which best fits the need. Next, ensure their commitment to agent support; including adequate stipend, training, and administrative staff. If you have even the slightest doubt about their commitment to the success of both you and your clients, head to the nearest exit immediately. Somewhere in your town there exists the right place. Ending up at the wrong one will leave you bankrupt, both financially and morally.

The policy was issued in 1976 from Old Security Life Insurance Company from Missouri.

Since monthly payments need to be made there should be a bill from the new company somewhere.

My father just retired, but he is stubborn and against getting a life insurance policy. I would like one to cover expenses he may leave behind and to take care of his wife, but he just doesn’t see the need for some reason. His wife (my mother) is also the same way and they are too old fashioned and set in their ways to change their way of thinking. My parents are not rich and does not have a lot of money saved up. As a result, I may have to pay it myself even though I am supporting my own family on a single income. Obviously, the older one gets, the more expensive a life insurance policy becomes. Does anyone know of any good, reliable low cost life insurance companies out there? He doesn’t have any major problems, but it would be best if there are some that doesn’t require any health checks.

Life insurance with cash value don’t pay out cash value when you die! They say its a good way to build savings! How is that so if you lose it all and it doesn’t go to anyone when you die? People say you can borrow it. Why do I want to borrow my own money that I paid for? Cash value = scams!

The New England Life insurance company issues one-year policies to 12 men who are all 27 years of age. Based on the data form from the Department of Health and Human services, each of these men has a 99.82% chance of living through the year. What is the probability that they all survive?

[.9982]^12 = .9786….
=97.86% chance they all survive………

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