do you lose the death benefit in VUL?
104044
You'll have to be more specific. You can lose the death benefit in any life insurance policy if you let it lapse. INCLUDING TERM.\n\nAVOID any life insurance saleperson that tells you to buy term without learning anything about your situation. As with anything else, there are situations were term is best and there are situations where permanent insurance (like VUL) is best. Those that say buy ONLY term are ignoring your situation and trying to make an easy sale. This sales attitude usually stems from a poor understanding of permanent insurances.
176410
Your spouse may be awarded part of your retirement in a divorce, but if they re-marry, they will lose it. VA benifits may not be awarded to a divorcee.
552823
Just put it on your will and let all your family members know about your wish.\nBut once you are dead, does it really matters if you have braces or not?
516404
In life insurance policies, beneficiaries are usually listed in them to see who gets them. Life insurance companies usually distribute it evenly between beneficiaries. So you may still have your fair portion of the death benefit sitting with the insurance company.\n\nIf you are the owner of the life policy, you have the right to view it and see how much cash value is sitting in there. Your sister should not have it since it does not belong to her. You may obtain a court order to take it from her OR you can call the insurance company to find out how much cash value you have in there. There are two things you can do to access your cash value: 1) You can borrow it and pay it back later with interests 2) You can surrender your policy and take all the cash value (surrender charges may apply). Please note: If no one has been paying for your life insurance, it may have already lapse and you are probably not covered anymore. (life insurance are never paid up. Something must keep it enforce, so the insurance company will usually access your cash value to pay it until it hits zero).\n\nTo obtain a copy of your dad's life policy, he should have it somewhere in the home. If you can't find it, then you should call the life insurance company and ask your questions.\n\nIn any case, it is best that you get a lawyer since this is a family issue.
789853
Your beneficiary does not need a copy of the policy. But you should let them know in case you do die.\n\nWhen you die, your beneficiary will call the insurance company to file a death claim. Insurance company will give instructions on what to do. Its really an easy process, but can take awhile for the check to come.
15065
as an individual, it is unfavorable to get a tax deduction on premiums paid since the death benefit will then be taxable once the insured dies.\n\nit is possible through a C Corporation though to carve out a group term life insurance program where the insurance premiums will be 100% deductible to the business.
512658
Since you have the policy only one year, there is probably no cash value in it. So, what you can do now is get term and see if you qualify for life insurance (which shouldn't be a problem). When you receive your term policy, you can cancel your VUL policy.\n\nWhat you will notice when you replace the VUL with term is the lower premiums. What I would do with the extra money is invest it into mutual funds.
369436
No, if there is any chance that I could die no money in the world would be worth it.\nIf you are dead there really isnt any fun in having money.
716002
look at the www.deathclock.com\n\nyou will find out, when you die
483855
Expenses are generally higher in variable annuities than mutual funds but there are no front-end loads to deal with and annuities can offer things that mutual funds can't - like guarantees. \n\nAnnuities may help you 1)Receive guaranteed retirement income payments for as long as you live, 2)Protect beneficiaries with a death benefit 3)Diversify your investments. 4)Grow assets on a tax-deferred basis and 5)Avoid outliving your assets.\n\nIf you want to protect your beneficiaries, variable annuities generaly offer a choice of death benefits to protect assets for your beneficiaries should you die prior to annuitization. Also, a variable annuity’s death benefit avoids the expense and delays of probate.\n\nIf you're concerned about the volatility of the stock market some variable annuities offer an “Income Benefit” feature. This optional feature (available for an additional fee) can provide you with a minimum level of income (upon annuitizing the contract) should the market decline dramatically. Some variable annuities also offer principal protection features which guarantee that you will get back at least your initial investment after some stated period of time (typically ten years).
777149
till death do you part with it
262737
Death benefit proceeds are not taxable IF they are paid to a named beneficiary and not the insured's estate. the cash value of a permanent policy that is owned by the insured will be included in the estate tax calculation, but not the death benefit (unless payable to the estate). For that matter, if the deceased owned a cash value policy on ANYBODY, the cash value at the time of death is included in the estate. As the current exemption amount for Estate Taxes is $2mil, many who have decent estates plus a large policy might run into trouble. If this sounds like you, it is best to speak to a Financial Planner and Attorney both specializing in Estate Planning.
438673
Only product available that i know of is a "guaranteed issue" life insurance policy from Presidential Life.\n\nYou can get a maximum of $50,000 of coverage, and the death benefit is graded for the first years of hte policy, meaning that if you died in year 1-3, the company pays your premiums back only.  after that, the full death benefit is paid.
257400
They recieve a full honors funeral including salute, flag presentaion, color guard and headstone. and the family will still recive SGLI (life insurance) and death gratuity. They will also recieve Social Security if eligable. However, VA will not give any benifits such as DIC, SBP, or educational benifits. My husband died, while on active duty, from huffing dust-off. It was classified "accidental due to intentional misconduct."
793094
Hi, your friendly insurance guy here again. :)\n\nLong, but hopefully informative, post.\n\nLet's get the ugly bit out of the way first:\n\nTerm is cheap, Whole Life is expensive.  Whole Life pays an agent or broker more commission because it costs more and generally is given a higher percentage commission than Term products.  I mention this because there are a lot of people who hate Whole Life products and think the people who offer them are sleazy.  Thus, I am putting that bit out here right in front to satisfy the Whole Life Haters. :)\n\nHere's how Term Works:\nYou buy it for a specified period of time (typically 1, 5,10,15,20,25 or 30 years).  When that period, or TERM, is over, you can usually renew it yearly at a vastly increased cost until you reach a particular age.  The age at which you can no longer renew vaires by insurance company.  If you live past your TERM and have not renewed, your family gets nothing and you have lost all the premium money you spent (unless you have a "Return of Premium" rider, which not all companies offer and which is often extremely expensive to add).\n\nHere's how Whole Life works:\nYou buy it now.  It stays in force typically as long as you pay your premiums.  The payments stay the same forever; ther eis no "holy crap the renewal cost is insanely higher than last year."  It develops a cash value over time and in many cases the face value of the insurance goes up as well.\n\nThis, by the way, is the fallacy of all those people who say "the insurance company keeps the cash value when you die."  That's not exactly accurate.  As long as the cash value is in the policy, the typical function of it is to pay for additional face value of the insurance.  So yes, while you don't get a check for the cash value when you die, your death benefit will be larger than the original face value of the policy, making it generally a wash.  If you have had the policy for a very long time, the policy owner comes out ahead in many cases.\n\nThe cash value is NOT, NOT, NOT an "investment." That term is reserved for certain other things, like mutual funds.  It can be called a cash accumulation vehicle or a savings vehicle.  It is NOT an "investment."\n\nThe downside to Whole Life is that it costs a LOT more than the same face value of Term insurance - at least, in the short run.  If you buy a 20-year term policy for $100,000 at age 25, start renewing it annually after it runs out at age 45, and compare your lifetime costs, the Term policy will absolutely kill your wallet.  The Whole Life policy in the long run costs a LOT less than constantly renewing an old Term policy.  This does NOT mean Whole Life is for everyone.  It's only appropriate in some situations and for certain clients with specific needs.\n\nSo which one is the best?  This is the part where I hope folks who are shrieking "But...but Suze Orman told me to buy term and invest the rest" realize I am not some commission seeking scumbag:\n\nIT DEPENDS.  There is no "off the cuff" answer.  To know for sure which is the best for you, your specific situation needs to be evaluated.  Contrary to what other folks may say, I do recommend using an agent.  I do that because I am one and I treat clients properly.  If you go to an insurance company directly, you lose the benefit of having a local contact.  And guess what?  Generally life insurance companies are NOT going to give you a discount because there's no agent involved.  They charge the same and keep the commission money themselves.\n\nSo talk to an agent.  Talk to several.  Find one that you are comfortable with.  The agent should be focused on doing a full evaluation of your specific needs.  Be careful with anyone who says:\n\n"Buy Term and Invest the Rest." (they have a preconception of what's right without wanting to consider your case may not fit their mold - ask if they are willing to conside
598894
If your relative did not have a WILL before he died, then the Trust will have to be settled in court.\n\nAs for life insurance, you need to contact his life insurance company. You will need provide documentation that he died before they begin paying out the death benefit. Please note: Only the beneficiaries listed on the life policy will get the benefit. So, if your name is not on the policy, you will get nothing from the life insurance.
602783
If you don't get the full series of shots, you won't develop the immunity.  Even after getting the whole series, some people will need boosters after a few years.  \n\nI recommend borrowing the money if possible, because if you don't, you'll have thrown away what you paid for the first shot.  Good luck!