If you have dependents or other people with whom you share your life, life insurance can play a vital and valuable role at virtually every stage of your life. The I.I.I. can help you make smart choices when buying life insurance: how much to buy; which type of product to buy; and which one of the hundreds of life insurance companies to choose.
Q: My dad is in a nursing home and I need to change the ownership on his life insurance policies. My mom has a POA for him. How do I go about doing this?
A: Your mother should contact the life insurance company and request the ownership change. She will need to provide a copy of the Power of Attorney. It would be advisable to contact the company through an agent, broker or financial professional, so that you are aware of all consequences of the ownership change.
The last thing you want to happen after you die is for your beneficiaries to be unable to locate and submit a claim on your life insurance. Here is some helpful advice for storing your documents.
How much do you really know about life insurance? Take this quiz and test your life insurance know-how.
Video: Life Insurance QuizRealPlayer: Dial Up / BroadBandMediaPlayer: Dial Up / BroadBand
Video: Welcome to the life insurance section of the I.I.I.'s Web site.
Media Player: Dialup, Broadband Real Player: Dialup, Broadband
LIFE INSURANCE BASICS
Why should I buy life insurance? How much life insurance do I need? What are the principal types of life insurance? How is life insurance sold? What is a beneficiary?
Related Information
FACTS AND STATISTICS: Life Insurance
TYPES OF LIFE INSURANCE
What are the types of term insurance policies? What are the different types of permanent policies? Why should I purchase permanent insurance?
BUYING AND SAVING MONEY
How should I choose what type of life insurance to buy? How do I pick a life insurance company? How can I assess the financial strength of an insurance company? How should I choose a life insurance agent? How can I save money on life insurance?
SPECIAL BUYING SITUATIONS
What is “burial insurance”? Do "empty nesters" need life insurance? Should I buy life insurance on my child’s life?
KEEPING YOUR LIFE INSURANCE CURRENT
How should I organize and store my life insurance records? How often should I review my policy?
HELP!
If I can’t pay my premium, what should I do? How do I file a life insurance claim? How can I locate a lost life insurance policy? Where can I get additional information on life insurance?
FACTS
Which companies are the largest writers of life insurance?
Are you a reporter searching for insurance-related information? Click Here for Help
Content permission and free insurance content feeds For permission click here
Late winter storm wreaks havoc: Find out what winter-related damage is covered by standard insurance policies. (Also in Spanish)
Winter driving tips: In aftermath of storm, hit the roads with caution.
Select an issue:Accounting: International Standards and Solvency IIArsonAsbestos LiabilityAuto CrashesAuto TheftBuying Insurance: Evolving Distribution ChannelsCLUE Claims DatabasesCaptives and Other Risk-Financing OptionsCatastrophes: Insurance IssuesCellphones and DrivingClimate Change: Insurance IssuesCompulsory Auto/Uninsured MotoristsCredit ScoringCrop InsuranceDog Bite LiabilityDrunk DrivingEarthquakes: Risk and Insurance IssuesFinancial and Market ConditionsFlood InsuranceGeneric Auto Crash PartsHurricane and Windstorm DeductiblesInsolvencies/Guaranty FundsInsurance FraudLiability SystemMedical MalpracticeMotorcycle CrashesNo-Fault Auto InsuranceOlder DriversOptional Federal CharterRegulation ModernizationReinsuranceResidual MarketsTeen DriversTerrorism Risk and InsuranceUrban Insurance IssuesWorkers Compensation
Q: My dad is in a nursing home and I need to change the ownership on his life insurance policies. My mom has a POA for him. How do I go about doing this?
A: Your mother should contact the life insurance company and request the ownership change. She will need to provide a copy of the Power of Attorney. It would be advisable to contact the company through an agent, broker or financial professional, so that you are aware of all consequences of the ownership change.
The last thing you want to happen after you die is for your beneficiaries to be unable to locate and submit a claim on your life insurance. Here is some helpful advice for storing your documents.
How much do you really know about life insurance? Take this quiz and test your life insurance know-how.
Video: Life Insurance QuizRealPlayer: Dial Up / BroadBandMediaPlayer: Dial Up / BroadBand
Video: Welcome to the life insurance section of the I.I.I.'s Web site.
Media Player: Dialup, Broadband Real Player: Dialup, Broadband
LIFE INSURANCE BASICS
Why should I buy life insurance? How much life insurance do I need? What are the principal types of life insurance? How is life insurance sold? What is a beneficiary?
Related Information
FACTS AND STATISTICS: Life Insurance
TYPES OF LIFE INSURANCE
What are the types of term insurance policies? What are the different types of permanent policies? Why should I purchase permanent insurance?
BUYING AND SAVING MONEY
How should I choose what type of life insurance to buy? How do I pick a life insurance company? How can I assess the financial strength of an insurance company? How should I choose a life insurance agent? How can I save money on life insurance?
SPECIAL BUYING SITUATIONS
What is “burial insurance”? Do "empty nesters" need life insurance? Should I buy life insurance on my child’s life?
KEEPING YOUR LIFE INSURANCE CURRENT
How should I organize and store my life insurance records? How often should I review my policy?
HELP!
If I can’t pay my premium, what should I do? How do I file a life insurance claim? How can I locate a lost life insurance policy? Where can I get additional information on life insurance?
FACTS
Which companies are the largest writers of life insurance?
Are you a reporter searching for insurance-related information? Click Here for Help
Content permission and free insurance content feeds For permission click here
Late winter storm wreaks havoc: Find out what winter-related damage is covered by standard insurance policies. (Also in Spanish)
Winter driving tips: In aftermath of storm, hit the roads with caution.
Select an issue:Accounting: International Standards and Solvency IIArsonAsbestos LiabilityAuto CrashesAuto TheftBuying Insurance: Evolving Distribution ChannelsCLUE Claims DatabasesCaptives and Other Risk-Financing OptionsCatastrophes: Insurance IssuesCellphones and DrivingClimate Change: Insurance IssuesCompulsory Auto/Uninsured MotoristsCredit ScoringCrop InsuranceDog Bite LiabilityDrunk DrivingEarthquakes: Risk and Insurance IssuesFinancial and Market ConditionsFlood InsuranceGeneric Auto Crash PartsHurricane and Windstorm DeductiblesInsolvencies/Guaranty FundsInsurance FraudLiability SystemMedical MalpracticeMotorcycle CrashesNo-Fault Auto InsuranceOlder DriversOptional Federal CharterRegulation ModernizationReinsuranceResidual MarketsTeen DriversTerrorism Risk and InsuranceUrban Insurance IssuesWorkers Compensation
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