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Allen Said:

Married couple are made bankrupt. One of them dies. Who does the life assurance policy payment go to ?

We Answered:

More information is needed to answer this question. Generally, if your bankruptcy is discharged, then the funds go to the surviving spouse; however, if it is not, then it may go to the trustee for payment to the creditors. But, it may also depending on which chapter the bankruptcy was filed under, if the stay is in effect - all sorts of issues.

Alicia Said:

I Want a life assurance policy that is more like a savings plan and pays out a sum at the end.?

We Answered:

Talk to a financial planner. Run away from anyone who tells you to only consider term insurance. Primerica is crap, avoid it.

Tracey Said:

Carriage clock or a Calculator. Just how do you choose the best life assurance policy?

We Answered:

If you don't know what time it is then go for the carriage clock. If you still can't work out which is the better offer then go for the calculator.

Ray Said:

Rs. 50 lakh Life Assurance policy with Rs. 15,000 p.m., is this true, if yes, what is the name of the company?

We Answered:

Recently I had given AMULYA JEEVAN policy for Rs.25 lacs for 35 years for a man of 33 years for Rs.13,000/- per annum.

the premium depends on age and term.

Good Luck
pnkmurthy@yahoo.com

Ralph Said:

Dear friends I took home Loan Cover Term Assurance Policy ( SBI LIFE ) for 28 lac, can i take 2 nd one 25 lac?

We Answered:

yes provided you fit in the financial underwriting limits of the insurance company. in other words, your income should support the requirement of insurance cover of 53 lacs.

Danielle Said:

Can my foreign girlfriend of almost 3 years receive the lump sum as a beneficiary in a life insurance policy?

We Answered:

Of course she can be the beneficiary. Her citizenship does not come into play