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No life insurance PAYMENT?
And that a typo? Apparently there are companies paying your life insurance premium. That deal, do not.
This Agreement shall apply for life insurance and agree to give companies the most benefit for the death of a third party. It is essentially an investment in them.
For example: buy a $ 100,000 life insurance policy and your death, your beneficiary receives $ 50,000. In return, you payNo award. The company was the payment of premiums is the policy of benefit and the rest died.
It is unclear whether all of the Department of Insurance to accept such an agreement or an insurance company that the matter is. Usually has the insurable interest politics, life, meaning that someone has an interest in your death, other than just you.
Is there a way to circumvent the above provision, when an insurance company or the Insurance Department does notapprove this type of relationship. Every insured person may seek a life policy has been approved your beneficiary. E 'during the subscription process that can tell the insurance company, which may be a beneficiary.
You should consult an estate planning attorney before agreeing to this partnership, however. Need to know if this life insurance under that agreement in any way when it comes to property taxes or other similarWay.
For most of us, we need only buy a low cost Arizona Term Life Insurance Plan. The guidelines are designed to help our loved ones in the event of our death.
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