Megapolis Insurance

If you are married your beneficiary would normally be your spouse. If you are part of a partnership or corporation you would name the business itself or the actual partners or shareholders. Here is how it works, there are different levels.

Your actual beneficiary for the proceeds of your policy is known as the primary beneficiary. You name a contingent or secondary beneficiary in the event the primary beneficiary dies before the proceeds are paid and the owner did not get to changing the person who would receive the money.

If no change was made and both the primary and contingent beneficiaries should die before the insured then the proceeds would go to named “further payees”.

Instead of naming a beneficiary you could put “Estate” as your beneficiary but this would cause your proceeds to be subject to Federal Income Taxes. There normally are no taxes payable when an actual person is named to receive your life insurance proceeds.

Shop And Compare Quality Life Insurance Quotes From Highly Rated Carriers – Save Up To 70%

A 32-year-old man is denying charges filed against him after he reportedly passed out while driving and crashed his car into a Walmart in Billings, Mont., putting a hole in an outside wall.

The Billings Gazette reports Steven James Barnhart pleaded not guilty Thursday to felony criminal endangerment, misdemeanor driving under the influence and driving without a license or insurance.

District Judge Susan Watters reduced Barnharts bond from $75,000 to $35,000.

Prosecutors allege Barnhart was drinking vodka while driving with three teenage passengers on Jan. 10. Court records say he passed out while driving through the parking lot and the car accelerated to 50 or 60 mph before smashing through a fence and into the side of the store.

Life insurance is a contract between you and your insurance company. The contract legally obligates the insurance company to pay a specified amount to a named beneficiary when the individual taking the insurance dies.

Life insurance is an important safety net for families, but many opt out of a policy because they have heard too many exaggerations about life insurance. Lets look at those misconceptions to set you straight when it comes to life insurance. These points should help you make smarter life insurance decisions to protect your family and your peace of mind.

Life Insurance Is Expensive

Many believe that life insurance is only for rich people because only they can afford the premiums. Thats just not true. While the type of life insurance often bought by wealthy individuals is costly, almost anyone can afford term life insurance. The truth is that poor families need life insurance the most since dependents often have few options in making up for the lost income of a family member.

One Insurance Policy Is Enough

Most people think that because they have insurance at their workplaces, they shouldn’t bother getting another one. S

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We often receive emails asking specific insurance-related questions. Here are some of the most common questions, with responses from our licensed insurance representatives.

There are a couple items you should bring with you that will make it easier to get insurance innada. The first is an original copy of a letter from your current insurer including details of your claims experience for the past 6 years. The second is a copy of your Driver’s Abstract (you should be able to get this from your state motor vehicle department). Having both these items will help you get coverage and the best premium available.

However, you should know mostnadian insurance companies will not offer coverage if you do not have a driver’s licence from the province where you are going to live. There are likely to be exceptions however, so you will want to do some research. In the meantime, the following will help you look into how youn go about exchanging your current driver’s licence for a licence from your new province of residence: If you’re interested in seeing the type of rates you could expect to pay once you have yournadian licence, get quotes online through Kanetix.

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