NLIC.org

Dean Said:

New York Life - can I pay my monthly life insurance payments by credit card?

We Answered:

cuguy711, Life insurance is actually very flexible. Since I'm from Kentucky I'm not familiar with the New York laws and regulations, so I recommend you contact a local life insurance agent. http://www.americaschoicetoday.com/Life-Insurance.html They should be able to assist you.

Samuel Said:

Hi, is Life insurance payments can be filed in tax returns as medical expences? Thank you?

We Answered:

NO you may not take any deduction for life insurance payments on you. If the life insurance is for the protection of you business interest in another person then you could but I do not think that is what you are speaking of.

Edward Said:

I have been paying for life insurance 8mos and I have not received a policy,have contacted agent can i refund?

We Answered:

Nix your agent and call your supposed Insurance Company directly and ask for the 'Duplicate Contract Copy'.

Also Insurance company MUST have 'Proof of contract delivery' in order to have the policy in force and be able to charge you monthly.

I am afraid, you don't even seem to have real insurance. It appears to me you got into some scam or something.

Get on it right now!!

Beth Said:

Is there any lawyers will to take a law suit case pro bono, against L-3 Communications, for life Insurance?

We Answered:

OK, what's happened here, is called, "employee benefits liability". What that means is, due to an error on the part of your insurer, you were uninsured for a loss. The amount they are "on the hook" for, would be how much the insurance would have paid out, less YOUR premiums paid in.

The problem with pro bono work, is that there are about 100,000 people willing to hire a lawyer for free - but the lawyer doesn't WANT to work for free, they have bills to pay, too! So when they DO take a pro bono case here or there, it's going to be for a REAL injustice - on behalf of a child, or injured party they really feel bad for.

So now you're looking at maybe a no win/no fee lawyer.

So, there are two main issues here, in trying to find a no win/no fee lawyer:

1. how much would the insurance have paid out? If she was only insured for $1,000, or even $5,000, then even if he DOES win, the lawyer isn't going to get enough of a payout, to cover his time.

2. and if he does get the judgement, depending on the financial status of this employer, he STILL might not be able to actually collect any money from them.



If you want to throw $1,000 at a lawyer and ask them to work the case until the money runs out - which typically would be, four hours of work, maybe six, if you've got a cheap lawyer, that's going to be your best bet.

It's highly unlikely, though, that your spouse was insured for a significant amount, through your employer's program. This type of case isn't subject to puntative damages, or any outrageous award - it's PURELY going to be limited to what the policy would have paid out.

Clifford Said:

How do I get any of my whole life insurance policy payments credited should I want to cancel?

We Answered:

Credited to WHAT?

Life insurance is NOT an effecient investment tool, it's primarily a DEATH planning tool.

You probably can't sell it, and if you did, it wouldn't be worth quite what the cash value amount is.

You can't barter it, and there's no way you're going to get anywhere near the $6,000 you've paid in, if you sell it. Because, that's not the PURPOSE of life insurance. It's not an investment or savings account.

So if it doesn't meet your financial goal, stop throwing your money away.

Alma Said:

Is a person entitled to a refund of premium payments to a life insurance program if they are laid off or fired?

We Answered:

It always depends on the policy.

Getting money back on life insurance is unusual.

Guy Said:

Is supplemental life insurance payments withdrawn from payroll be refunded if I am laid off?

We Answered:

Typically not. You and/or your employer would be refunded the premium for any period for which you weren't insured, but in most cases the policy simply lapses at the end of the current period for which premium has been paid (usually the month during which you were terminated).