I bought chance enthusiasm insurance but how do I claim it if I'm unresponsive?
I told my aunt (my beneficiary) that I have existence insurance and I gave her the documents but the problem is that she is agreed to lose documents and I know that she probably threw it out already.
What if something happened to me, would the insurance company find out and know how to contact her or do I have to acquire a new and more responsible beneficiary?
Thanks
Answers: What you should do is bring back the life insurance policy fund from your aunt and put it in a not dangerous, accessible place. Somewhere where family connections members can move about find it in luggage something does happens to you. The insurance company is not going to know when you die. The single way they can know if a loved ones member contacts the company reporting that you are unconscious.
Anyway, I strongly advise that you revoke your accidental duration insurance. This type of life insurance singular pays when you die by bodily injury. Its very blurry on what an insurance company considers an inadvertent death and majority of the times, none of these time insurance policies ever pays out. I suggest buying just regular existence insurance that pays out no matter how you die. But past you do, you might want to educate yourself nearly the different life insurance products out in that: http://finance1o1.blogspot.com
?
Claim it if your dead?
I believe if you beckon reception in Heaven and ask for Terry he deal with that.
In Hell, I deduce Lucifer does.
the insurance company keeps a story of your document and it states who the benficiary is.
You can also keep a appendage written letter as long as it as certified/notarized stating you evacuate your money to your aunt.
But the insurance companies do have accounts..
YOU don't claim it.
The whole concept behind vivacity insurance is that if an insured person dies, his wife and/or kids (or other beneficiaries) won't be vanished out in the cold. They'll win a lump sum that should ideally cover their mortgage, college tuition, etc.
If your chosen beneficiary loses the documents, then the insurance company should furnish you beside another copy of it -- after all, they hold their own copies on file. Then you should put a copy within your own personal safe rag file.
Well, if you hold copies of the documents, if you pass away, someone will probably find them. You should print 'important documents' so they don't acquire thrown away. Let her know you have them so that she can be on the lookout for them.
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What if something happened to me, would the insurance company find out and know how to contact her or do I have to acquire a new and more responsible beneficiary?
Thanks
Answers: What you should do is bring back the life insurance policy fund from your aunt and put it in a not dangerous, accessible place. Somewhere where family connections members can move about find it in luggage something does happens to you. The insurance company is not going to know when you die. The single way they can know if a loved ones member contacts the company reporting that you are unconscious.
Anyway, I strongly advise that you revoke your accidental duration insurance. This type of life insurance singular pays when you die by bodily injury. Its very blurry on what an insurance company considers an inadvertent death and majority of the times, none of these time insurance policies ever pays out. I suggest buying just regular existence insurance that pays out no matter how you die. But past you do, you might want to educate yourself nearly the different life insurance products out in that: http://finance1o1.blogspot.com
?
Claim it if your dead?
I believe if you beckon reception in Heaven and ask for Terry he deal with that.
In Hell, I deduce Lucifer does.
the insurance company keeps a story of your document and it states who the benficiary is.
You can also keep a appendage written letter as long as it as certified/notarized stating you evacuate your money to your aunt.
But the insurance companies do have accounts..
YOU don't claim it.
The whole concept behind vivacity insurance is that if an insured person dies, his wife and/or kids (or other beneficiaries) won't be vanished out in the cold. They'll win a lump sum that should ideally cover their mortgage, college tuition, etc.
If your chosen beneficiary loses the documents, then the insurance company should furnish you beside another copy of it -- after all, they hold their own copies on file. Then you should put a copy within your own personal safe rag file.
Well, if you hold copies of the documents, if you pass away, someone will probably find them. You should print 'important documents' so they don't acquire thrown away. Let her know you have them so that she can be on the lookout for them.