I want to close my LIC prematurely?
I want to close my LIC prematurely. The peroid was for 10 year. Now it have been 3 years and I am thinking of closing it. Will I achieve atleast the paid amount, consent to go the intrest. Where can i draw from more details about this.Answers: Dear AJ
You enjoy not mentioned whether it is a traditional policy or a ULIP policy. Find the guaranteed surrender utility.
If it is a traditional policy, after atleast 3 years premium paid, the surrender convenience will be 90% of all deep premiums paid smaller number first year's premium.
visit the following website
http://www.licindia.com
and register yourself and enroll policy details later you can find the surrender value.
pious luck
pnkmurthy(a)yahoo.com
http://www.geocities.com/pnkmurthy/lic.h...
It will depend on the surrender rules in that policy. You will loose too much if you will surrender it immediately.
My home insurance was declared void where can i get insurance?
Answers: I recommend speaking with an insurance broker. A broker works with several companies and can identify the best company, rates, and coverage for you. To find a broker in your area, log on to a website like http://www.homeownerswiz.com and fill out a form requesting a free quote. Good luck!
Well, the only reasons I know that a policy is declared void are either a fraudulent claim or material misrepresentation (meaning you lied on the application & if you had told the truth, the policy would not have been written). If it was material misrepresenation, if you told the truth on the application, someone may have been able to write your policy, at a cost, but the policy would still be in effect now. You just needed to call around until you found something. The next thing you need to do is to call around. Depending on the circumstances, you may or may not be able to get new coverage. Call several independent agents - you MAY be able to get coverage in the surplus & excess market or your State's Fair plan but you won't be able to find out until you make the calls.
If you have no luck, if you do not have a mortgage, you can go without & hope that nothing happens. If you have a mortgage, the bank will force place coverage for damage to the house for their interest in the house (meaning the mortgage amount). This is coverage for them, not you, but they will charge you for it. This way, if you have a covered total loss, at least the mortgage will be paid off & you would only be out the balance of the rebuilding costs.
Remember, it is always best to tell the truth, especially to an insurance company because sooner or later, they will find out the truth...
Why was your policy declared void? Have you been up to no good?
I'm not sure where you will be able to find cover now; most people will not trust you if you have done something bad. You will probably have to go to an agent, tell them what you have done, and just hope that they will find someone willing to cover you. It will probably be very expensive though, as you will be considered what is known in the industry as a bad moral hazard.
If you contact BIBA they'll be able to put you in contact with one of their members as BIBA have a scheme for people with difficult house insurance problems.
Another company to look out for is Prestige (PArt of HSBC Group) who also have a N-S policy - again through brokers.
Under no circumstances should you try and fix up the policy without going to a professional broker.
My guess is..you lied about your circumstances and your policy was declared void. From here on out, every company you speak with will ask you the question, "Have you ever had insurance cancelled, rejected, or refused renewal?"
If you lie you'll find yourself back in the same boat when they find out the truth, and if you tell the truth, they won't write you.
Sounds to me like you're screwed. You shouldn't have told a fib(..assuming that's what you did).
Series 6 and 63?
Do you need to hold both the Series 6 and the 63 to do business? If I passed the series 6, and I live in Florida, what polite will the 63 do me? What does the series 63 allow me to do? Thanks!Answers: The series 6 is required for your license. Once you have it you are just allowed to business in Florida. The Series 63 is the blue sky license that allows you to solicit business from any other state you're registered within. The 63 is relatively easy once you've already passed the 6. The tricky slice is to make sure that you're properly registered within a given state before you pick up the phone as the penalty can be harsh.
I would also recommend that you speak near your compliance department as they will give you the exact answer you obligation. This can be tricky, if you get it wrong you can obverse fines or worse. While Yahoo is a great source for answers, you need to run straight to the source on this one.
to sell mutual funds IRA s roll over 401k,s etc variable/universal go you need to hold both they are easy so dont verbs about it - the easier said than done part is selling the insurance also you will have need of both to have certified CFA-
you can by the "tests" on disc and do it on your computer until you are in place to take them
The 63 allows you to do business outside of the state of Florida.
The Series 63 experiment replaced the need for states to require their own 'in-state' financial services carrying out tests.
Since you're sitting down for one test, may as ably pay some extra $$ and carry them both.