Does Life Insurance have a co-ordination of benefits clause?
No, They will ask on the application though if you have other coverage to prevent over insurance and to make sure there is insurable interest. So, if you need more coverage, buy it!!!! It may or may not be advantages to cancel prior coverage. It might have lower premiums as you were younger when you bought it and your health might have been better, etc. It’s no problem to have two or more policies, one from employer, etc.
Life Insurance Law FAQ’s – Free Advise.com
LIFE INSURANCE BASICS
Why should I buy life insurance?
Do I need to take a physical exam? freeadvice.com/
What should I expect and how do I prepare for the Paramedical Exam?
Do I or my beneficiaries have to pay Income Tax on the proceeds?
No, IRC 101 A
TYPES OF LIFE 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
KEEPING YOUR LIFE INSURANCE CURRENT
- FACTS AND STATISTICS: Life Insurance What is Insurable Interest and why is it necessary?
- Do I have to tell the truth on my application?
What about suicide or euthanasia?
2 year contestibility Kantor & Kantor & suicide clause
Free Advise.com Life Insurance Law
Other pages in the Life & Estate Planning Section
- FAQ’s Detailed from Tax Facts
- How to file a Life Insurance Claim?
- State Guarantee Fund
- Broker only
- Business – Key Man Life
- Confidential Life Insurance
- Estate Planning
- Beneficiary under 18? Is that permitted?
- Estate & Gift Taxes
- Health Care Directives
- Living Trust
- Questionnaire for Estate Planning
- FAQ’s on Life Insurance
- Get Free Instant Term Life Quotes
- How much Life Insurance do I need?
- Rated – Surcharged Policies
- Universal Life Insurance
Get Instant Term Life Quote
Set up a phone, skype or face to face consultation
Life Insurance Buyers Guide
How much life insurance you really need?
Life Screening Form