Term Life Insurance: Does it cover homicide?
601363
In many life insurance companies, no one is covered if the owner of the policy commit suicide. Some companies have a suicide clause where you are covered for a certain amount of time when you commit suicide. For a beneficiary to claim life insurance proceeds, a proof of death is required.\n\nRemember, if you are choosing term, you want to choose the maximum length available like 30 years. And also, you want to invest in mutual funds at the same time (you should put away $100/month into it if you understand the Dollar Cost Averaging concept).
1082493
Since it is group insurance, you cannot get the money back.\n\nIf this was an individual life policy, only way you can get your premiums back is that you have lie on your life insurance application and the insurance company finds out OR you have committed suicide.
142308
Generally, Yes.\n\nWhole life is essentially a combination of Life Insurance and an Investment plan in one package. The rates of return ( due to higher costs) are usually lower than a similar investment without the insurance. So you could very likely get separate term insurance and a separate investment and do better.\n\nOne exception is the case where you do not meet the health requirements for the best term policies. The underwriting guidelines may be looser for the whole life policies. Some companies may also offer a plan where you start at one rating and are automatically upgrated to a better rate after some period of time (i.e. 2 years)
1171965
Yes, a life insurance company can refuse to pay after first 2 years of the policy. If you gave any false information or left out some information, the insurance company can refuse to pay death benefits. But they can return all premiums you paid into the policy (if such law exists in your state or country. In my state, it does).\n\nLife insurance contracts have a 2 year incontestability clause. No matter what false info you have on the life application, they can't contest or past judgement on you for 2 full years. After that, if they find something isn't right with the life application, they can investigate.
107530
To do this search on either Yahoo! Search or Google, you should search "homicide" and "recidivism."  Presumably, that will yield results that you should find very helpful.  Should not, change "homicide" to "murder."  Best of luck to you.
334316
I'm looking at my life insurance policy, it did not ask me for my income. It did ask me lots of health questions and any accidents or hospitalization I had in the past 12 months. It also ask me if I had been convicted of Driving Under the Influence.
600447
Yes, for 2 reasons - they made their choice when they took a life & why should we as taxpayers pay to fed, clothe, educate & guard life sentence criminals.\nIn our state it is rarely given - must be cruel - like all murder is not cruel. Murderers forfeit their right to live.\nMy brother was murdered while buying a gallon of milk during robbery. They got the death penalty but it was overturned & they get out this year his 3 children are not even out of college yet. They grew up without him.
853102
When your Ted Kennedy.\nOR\n\n"Not all homicides are crimes. Sometimes a homicide is allowed either through certain defenses to criminal charges, or through circumstances, e.g. state executions. Some legal homicides include.\n\nJustifiable homicide \nCapital punishment "
826001
Don't let anybody sell you whole life insurance no matter how much they try to talk it up to you, it is a waste of money.\n\nWhole life is basically a life insurance policy that lets you borrow money from the policy amount, like a Home Equity Line of Credit would.\n\n"Next, you should only look for one type of coverage: Term life insurance. Do not-I repeat, do not-buy any other type of life insurance. There's another kind, called "cash value," which is a colossal waste of money, if you ask me. These cash value policies come in a variety of flavors, including whole life, universal life, and variable life. Just say no to anyone who tries to talk you into one of these plans. They can be more than 10 times as expensive as a term policy, yet you don't need any of the "extras" they come with. In fact, the big added feature of a cash value policy is that it provides an investment component. I won't go into a ton of details here other than to tell you that a life insurance policy is a lousy way to save and invest. So stick to a policy that simply provides life insurance and leave off all the expensive bells and whistles."
300093
dsinngerdj,\nYou are providing poor information to the public and any clients that you meet with.  It appears that your only product line is term insurance so you say that that is the only type of insurance that makes sense for anyone.  That is simply wrong.  Every person has a different financial situation and until they have reviewed their situation and established a plan, you can not say that.  For many people a combination of term and permanent coverage is their best bet.
987231
I don't believe you can transfer the premium. Sometimes insurance co will let you convert term policy to whole life policy. However, if it's allowed, it will say so on the policy itself. You are better off canceling the mortgage protection and shop around for regular life insurance policy. I used  reliaquote.com before and found it very reliable.
278325
It may help if you elaborate on what you are looking for. If you are looking for insurance to cover the actions of county commissioners in the course and scope of their duties as commissioners, you may be out of luck, plus they should be imune from personal liability anyway.\n\nIn any case, perhaps your question would be better suited for the Dept of Insurance in your state.
668795
I've written this kind of insurance for a few of my customers. Never anything as big though, stuff like an archery tournament where the prize was a truck. I work at an Independent Insurance Agency so I was able to shop around for the best deal, ended up purchasing a policy from Lloyds of London who will insure just about anything. Call a local Independent Agent and tell them what you need. You'll need to have details of the promotion and be able to give some kind of evidence as to the difficulty of winning the prize. For instance, on the archery tournament I had to get info on the length of the range, the size of the target, the type of bow involved and whether it was indoors or outdoors. Lloyds came back with a couple of stipulations: no mechanical sights to be allowed and no professional archers allowed, also the winner had to hit dead center, not just in the bull's eye circle. The odds were calculated at something like 1:1,000,000 that anyone would hit dead center, especially as it was an outdoor tournament. The premium for the policy was under $1000. SOMEONE HIT DEAD CENTER and the Ins Co had to pay out!\nGood Luck!
479306
http://www.deathpenaltyinfo.org/article.php?scid=8&did=245
1030286
It depends on whether you have term or whole life insurance.  Term insurance is "pay-as-you-go", and has no cash value (unless you die during the covered term)\n\nWhole life on the other hand, builds cash value (with the idea that that cash value will pay for the costs of insurance at the point that you are older and not working).  If you have a whole life policy with cash value you may be able to 1) cash it out, or 2) borrow against its value.  Certainly consult with your insurance professional since doing either of these may ending up costing you your coverage at some later point (perhaps when you need it the most.)
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
285434
proceeds from a life insurance policy?  yes.  payments to a life insurance policy, no.