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life insurance
Papa Smurf is awesome asked:

I want to get life insurance for my pup
Nope I meant Life insurance. Thanks for the advice I will check my home owners policy and make sure.
It’s my moms dog and I pay her insurances so it shouldn’t be to hard to check.

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life insurance
ILO asked:

I thought life insurance policies were for the remaining family members after a person’s death. For instance, the main worker in the family should get a life insurance policy to ensure their spouse and children have enough money if somethign were to happen.

Now since children do not contribuite to a household income. Why would there be life insurance? Besides the funeral costs, their death would not impact a family financially, would it? I just saw a commercial for one, and it got me wondering. I am only 16, so no rude comments if I have the point of life insurance all wrong here.

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life insurance
Robert Crondiser asked:

Can Life Insurance refuse payment after the 2 years suicide clause expires?

Contrary to public belief, I’ve found that the laws of most states and the policies of most life insurance companies only exclude suicide benefits for a 2 year period.

If hypothetically a customer was to purchase a policy with the expressed purpose of committing suicide in 2 years, could the insurance company refuse to pay?

This is for my actuary paper, not a personal question!

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life insurance
Ralph ^^~! asked:

Can you give me the core concept of life insurance proceeds? Does it mean when you are entitled to received proceeds, it includes the premium or the amount invested and the interest therein or you are only entitled to receive the amount invested in the company? Please give me a life situation concept so I can understand it well. Many thanks!

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life insurance
Monica Sandler asked:

I have a few questions here and thanks in advance.

Can anyone please explain how do life insurance agencies (or financial advisory agencies) make their profit?

Is that true that the life insurance companies are paying around 100% of total first year premium to the agents? How do the agencies split that with the agents?

I would appreciate if you can throw in some numbers, since i am looking to invest some angel capital into an agency, so you would help if you give numbers.

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