Does applying for life insurance require a social security number?
Does the insurance company really need my social security number to process the application?
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3 Responses
1.31.2010
Best Answer – Chosen by Voters Yes they do. It is to your advantage to provide the insurance company with your social security number for two big reasons:1. It proves you are an American citizen (or permanent resident).and most importantly2. In the event of a death claim, it is easier for insurance companies to pay out the death benefit. There is no question that they would be paying a death claim to the wrong person. (I actually handled a death claim years ago where the person did not list their social security number and it held up payment of the claim for almost 3 months because the insurance company had to verify the identity of the policyholder and the person who died. A woman purchased a life insurance policy, a couple years later got married then died 3 years after she got married but she never changed the name on her policy. When she died the insurance company had to investigate because it listed her maiden name)
1.31.2010
yes most do but if you sign up with Save Simply Life Insurance they will nott ask for you Social Security Number and Consolidate debt with a personal CASH loan!You can contact their experts here today:http://tinyurl.com/o4llrs Source(s): http://tinyurl.com/o4llrs
1.31.2010
Yes they do.