In simple terms, life insurance is an agreement between the policy holder and the insurance company, wherein the insurance company agrees to pay a fixed amount to the beneficiary’s family or dependents upon the death of the beneficiary.To cover up for the amount, the beneficiary or insurance applicant pays regular and periodic premiums to the life insurance company.Easy access to life insurance schemes is provided by hundreds of vendors that are active in the market.Commonly available forms of insurance include whole life insurance and term life insurance.

My Dad told me he named me on a life insurance policy. He just died. Because of certain family dynamics, I may not ever receive information regarding this policy. Is there some way I can contact the major companies to find out if the policy is with them? What information might I need to give them? Can I do it on the phone or in writing? I just need to know which one and then I can provide them with the death cert etc.

My Ex-wife wants me to get life insurance with my daughter as the sole beneficiary. How do I set it up so that my ex-wife doesn’t get the bulk of the money and my daughter gets monthly payments until she is 18, and the rest when she graduates from College?
Do I get life insurance with a Trust as the beneficiary?
I want to make sure that if I get remarried, my entire family gets something instead of just my daughter.
What do I do?

In the event that someone dies, can their life insurance proceeds be directed a specific way if they leave a note of such wish? If not, what must be done to direct the proceeds of a life insurance settlement so that specific things be done. For example: paying a bill or buying a house for the beneficiary.