2013 Rhode Island General Laws Chapter 27-4 - Life Insurance Policies and Reserves Section 27-4-6.2 - Individual life insurance policy standard provisions. § 27-4-6.2 Individual life insurance policy standard provisions. – (a) All individual life insurance policies, except as otherwise stated herein, delivered or issued for delivery in this state on or after January 1, 2008 shall contain in substance the following provisions, or provisions which the director deems to be more favorable to policyholders. (1) Grace period. A provision that, after payment of the first premium, the policyholder is entitled to a grace period of thirty-one (31) days or of one month following any...
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Billings, Montana Individual Life Insurance Deciding on the right Montana Individual Life Insurance policy usually depends on your future goals. Whether you wish to provide a tax free income for your beneficiaries, have funds for the payment of the final expenses or estate taxes, replace the income that is lost if you die, or provide a significant charitable contribution, we can help you chose the policy that will fit your needs at an affordable price. Individual Life Insurance can be important for: A source of savings - If not paid out by death benefit, some types of life insurance can have a cash value. Final expenses - using life insurance to pay for funeral and burial expenses. Income...
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The Office of General Counsel issued the following informal opinion on February 6, 2002, representing the position of the New York State Insurance Department. Re: Incontestability of Individual Life Insurance Policies and Individual Long Term Care Insurance Policies Questions Presented: 1) After two years, even if there is a misrepresentation on a life insurance policy application, does the policy still have to be paid? 2) After two years, even if there is a misrepresentation on a long term care insurance policy application, does the policy still have to be paid? Conclusions: 1) N.Y. Ins. Law § 3203(a)(3) (McKinney 2000) provides that an individual life insurance policy must contain a...
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Deciding on the right Colorado Individual Life Insurance policy usually depends on your future goals. Whether you wish to provide a tax free income for your beneficiaries, have funds for the payment of the final expenses or estate taxes, replace the income that is lost if you die, or provide a significant charitable contribution, we can help you chose the policy that will fit your needs at an affordable price. Individual Life Insurance can be important for: A source of savings - If not paid out by death benefit, some types of life insurance can have a cash value. Final expenses - using life insurance to pay for funeral and burial expenses. Income for dependents - a life policy can provide...
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Louisiana Individual Life Insurance Deciding on the right Louisiana Individual Life Insurance policy usually depends on your future goals. Whether you wish to provide a tax free income for your beneficiaries, have funds for the payment of the final expenses or estate taxes, replace the income that is lost if you die, or provide a significant charitable contribution, we can help you chose the policy that will fit your needs at an affordable price. Individual Life Insurance can be important for: A source of savings - If not paid out by death benefit, some types of life insurance can have a cash value. Final expenses - using life insurance to pay for funeral and burial expenses. Income for...
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What is single life insurance? A single life insurance policy covers one person only and pays out the chosen amount of cover if that person dies during the length of the policy. If a couple holds two single policies and one partner dies, then the surviving partner still has their own policy. Single life policies can be relevant to you as a couple, despite the name, and dependent on your individual circumstances. What is joint life insurance? A 'joint' life insurance policy covers two lives, which sounds obvious but it’s important to note that the cover usually operates on a 'first death' basis. This means the chosen amount of cover is paid out if the first person dies, during the...
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INSURANCE DEPARTMENT OF BANKING AND INSURANCE Actuarial Services Standards for Individual Life Insurance Policy Forms Proposed Amendment: N.J.A.C. 11:4-41.3 Authorized by: Karen L. Suter, Commissioner, Department of Banking and Insurance. Authority: N.J.S.A. 17:1-8.1, 17:1-15e, 17B:25-18 et seq. and 17B:25-18g. Proposal Number: PRN 2001-259 Submit comments by August 1, 2001 to: Karen Garfing, Assistant Commissioner Department of Banking and Insurance E-mail: legsregs@dobi.nj.gov The agency proposal follows: N.J.A.C. 11:4-41 contains the Department's standards relating to individual life insurance policy forms. N.J.A.C. 11:4-41.3(b)9 states that all policy forms must include a provision...
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Individual Life Insurance Policy definition Examples of Individual Life Insurance Policy in a sentence The additional products, which are Standards for Forms Used to Exclude Policy Coverage Based on the Underwriting Process and Standards for Riders, Endorsements or Amendments Used to Effect Individual Life Insurance Policy Changes, would fall into the Individual and the Group Life Benefit Features product lines. Individual Life Insurance Policy Claims Paid The Company provided a universe of 1,081 individual life insurance policy claims paid during the examination period. Plaintiff Julius Grad is an individual residing in Hamilton County, Ohio, and is a participating policyholder pursuant to...
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