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4 Answers

Life insurance company payout percentages

Asked by: in Insurance Companies, Life Insurance

I’m looking at getting life insurance and one thing I’d like to see is payout percentage among life insurance companies.  I’ve heard horror stories about red tape with payouts and don’t want a policy that is going to be a burden in the event it comes due.  Does anyone publish payout percentages among life insurance companies?

4 Answers

  1. Agent


    pbbaseball - Independent on Aug 30, 2011 Reply

    every time I hear of a claim gone bad, 50% of the time, it’s due to a contestability issue, where the customer didn’t disclose (knowingly or unknowingly) their full health history. The good news is contestability only lasts for 2yrs, so after that, you’ll be in the clear.

    The other 50% of the time is because the customer purchases a graded or modified plan, that will only pay return of premium+ interest, or a percentage of the death benefit based on passing away during the first 2-3 yrs.

    I’m licensed in several states, so feel free to call for a further explanation.


    Philip Roesel
    WilmingtonInsuranceQuotes.com
    5611 Wood Duck Circle
    910-228-8352

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  2. Agent


    mikematosinsurance - Independent on Sep 04, 2011 Reply

    Most state laws require that an Insurance company pays its claims in a reasonable amount of time. I would encourage you to read your policy when you purchase one, or even sit down with your agent to go over the policy with you. I am not sure about other states, but in Arkansas, you have a 10 day free look. You can cancel the policy within 10 days of receipt if you do not agree with its terms for any reason. I would love to help further if you have any questions.


    Joel Matos
    Life Insurance Arkansas
    P.O. 575 DeWitt, Arkansas 72042
    870-344-2432
    http://www.cheaplifeinsurancerates.webs.com

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  3. Agent


    runawaykinms - Independent on Nov 22, 2011 Reply

    Phillip pretty much nailed it!

    However, I just thought I would add one other reason for companies not paying out. That is if the death was due to an exclusion listed in your policy. Most policies have certain exclusions they will not pay for. A few examples of exclusions are, suicide, death while committing a crime, and things like that. As Joel mentioned, you will want to go over your policy and review the exclusions.


    Matthew Sacksteder
    Sack Financial
    2711 Buford Rd, Suite #217
    http://www.virginia-life-insurance.com

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  4. indiafirst on Jan 02, 2012 Reply

    Hey friends thank you for such a nice ../web/insurancestore/home

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