which of the following insurance is based on a principle called?
965563
Sounds like the question is incomplete.
664322
A couple of things.  You dont need multiple policies, one will do.  The policies allow you to designate beneficiaries, and also you are able to designate percentages to each.\n\nIf you want to control how the money is used, have a trust setup so that if you died, the insurance proceeds would go to the trust and the trust would distribute proceeds according to your pre-established desire. You pick who you want to be the trustee of the money...someone you trust would spend money according to your wishes..it could be a friend, family member, or outside independent source.\n\nThat would keep the money out of everyone's hands.
675522
Contact your insurance company. Abond is a piece of paper kind of proof of insurance.
206958
An insurance policy is a non-probate asset.  It is not made part of the will.  However, you may designate the beneficiary of the policy as your estate, in which case the money will be divided in accordance with your will.
395065
skel_67 is right.\nHere is a link to a lot of insurance information / news:\nhttp://www.findlocalinsurance.com
1168778
The Peter Principle--you rise to the highest level of your incompetency.\n\nThe principle is based on the observation that in an organization new employees typically start in the lower ranks, but when they prove to be competent in the task to which they are assigned, they get promoted to a higher rank. This process of climbing up the hierarchical ladder can go on indefinitely, until the employee reaches a position where he or she is no longer competent. At that moment the process typically stops.
540431
Some say life, liberty, and the pursuit of happiness. Others say life, liberty, and property. Maybe there should be 4 principles.
245377
Whole Life Insurance - Life insurance that is kept in force for a person's whole life as long as the scheduled premiums are maintained. All Whole Life policies build up cash values. Most Whole Life policies are guaranteed as long as the scheduled premiums are maintained. The variable in a Whole life Policy is the dividend which could vary depending on how well the insurance is doing. If the company is doing well and the policies are not experiencing a higher mortality than projected, premiums are paid back to the policy holder in the form of dividends. Policyholders can use the cash from dividends in many ways. The three main uses are: it can be used to lower or vanish premiums, it can be used to purchase more insurance or it can be used to pay for term insurance. \n\nTerm Life Insurance - Protection during limited number of years; expiring without value if the insured survives the stated period, which may be one or more years but usually is five to twenty years, because such periods usually cover the needs for temporary protection.\n\nDisability Insurance - Insurance policy that pays benefits in the event that the policyholder becomes incapable of working.
922696
First you would have to establish a trust account for each of the children. The trust documents would spell out the terms. You would need to appoint a trustee for each account. The same person or institution can be named as trustee for each account. Finally, you would name the trust as the primary beneficiary of the insurance policy.\n\nThere may be better ways to do this, so you might want to talk to an attorney or estate planner.
524595
I worked in life insurance and annuity administration a couple years ago.  Here's how it goes:  Not just anybody can take a policy on you.  There has to be a matter of insurable interest; meaning that if you die, there will be financial burden to the beneficiary of the policy (this can be family or possibly a business, estate, etc...).  This prevents people 'betting' someone is going to die, then cashing in the policy.  Generally, immediate family members can be the owner and beneficiary of the insurance policy, but the insured must acknowledge somewhere on the application they are aware there is insurance taken out on them.  Unless they are a minor.  That is another explanation.  \n\nHope this helps.
236191
What kind of insurance are you looking for?
136126
There's two different bases for the insurance.\n\nLife insurance has an inevitability built in.  You are going to die someday for certain and as long as you pay premiums and materially mistate your health or fraudulently try to collect it will pay.  Life insurers (thorugh the use of wise actuarial tables) hope that enough people live long enough to grow enough capital to eventually pay off all their claims.\n\nProperty/Casualty insurance doesn't have the same inevitability built in but is supposed to protect your assets in the unlikely case that a claimable event happens.\nIf you have several claims in a close enough time period, you become too risky to continue to insure, thus the company will cancel ("nonrenew" in the biz) your policy.\n\nSo in life insurance they know you are going to die but just don't know when.\nIn property insurance you could conceivable pay premiums and never need to make a claim.
315638
When a life insurance policy is owned by someone other than the insured, the must prove an "insurable interest" at the time the policy is applied for. Also, even the policies that are guaranteed issue (no medical underwriting) still require the signature of the insured. If your signature is forged that would be grouds for the insurance company to void the policy.
437690
The best you might be able to do is try to find a 'guaranteed issue' policy that does not require medical underwriting.\nThis is going to require the help of an agent very familiar with non-standard forms of life insurance.\nThis product does exist but you are going to need help, so call some agents and 'interview' them about this kind of product.\nIf they tell you they don't know of anything, try somebody else because it is out there.
1170900
You might be able to get a rider on a homeowner's insurance policy to cover personal property.  For example, your policy might cover $5000 of personal property on you at any time.  Theft would definitely be covered - I'm not sure how it would affect those "I dropped it in the swimming pool" type incidents.
239999
There are actually several different permanent life insurance plans.  Whole life is one, Universal Life is another and Variable Universal Life is yet another.  Term life insurance makes sense for some situations, but permanent life insurance does make sense for others.  I personally have both.  Anyone that tells to buy one type of policy or another without reviewing your situation is no good.  That includes Suze Orman.
266321
It is the quantum mechanical description of conservation of energy principle.