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How much can you borrow against a life insurance policy that is term for 10000?
Wiki User
∙ 11y ago
Zero. Term insurance has no cash value from which to borrow.
Although term policies do not have cash value, some do offer a rider called the ROP Rider (return of Premium rider). We have known of one company that allowed individuals to borrow against the value of their ROP rider. please contact your agent or the insurance company.
Wiki User
∙ 11y ago
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I financed a vehicle for one amount now my first payment is due and the payoff amount is higher than the borrowed amount. Is that correct or legal?
Are you including the interest that is being charged on the borrowed amount? When you borrow money, say $10000, you are charged interest on that amount. So you'll end up paying far more than the $10000 you borrowed.
How would you sell old 10000 peso?
10000 pesos 10000 pesos
What is credit shield insurance?
Credit shield insurance is a special type of insurance provided these days by credit card companies. Every individual is insured to a certain sum based on his credit limit and repayment capacity. Let us say Mr. X has a credit limit of Rs. 1 lac and he uses an average of Rs. 5000/- rupees in his credit limit every month. ABC bank that provides the credit card provides the credit shield insurance through an insurance provider with the following clause. Life insurance to X for Rs. 5 lacs Purchase protection for X till Rs. 50,000/- This would involve a fixed monthly charge of Rs. 50 per month and then 0.1% of purchases made every month. Assuming X makes a purchase of Rs. 10000/- this month then his bill would be Rs. 10060/- (10000 + 50 + 10) 50 monthly insurance charge 10 purchase protection @ 0.1% of outstanding Assuming something happens to Mr. X and he expires before paying the bill then ABC bank would contact the insurance provider and then collect the Rs. 10000/- that he owes them and also collect the Rs. 5 lacs life insurance and settle it to Mr. X's family. This is credit shield insurance.
What is 10000 pounds converted to dollars?
£10000 is $12135
How much is 10000 in us dollars worth in pounds?
$10000 is £8240.80
What is the minimum collision car insurance policy in the state of Florida?
Florida has a minimum of $10000 for bodily injury in the case of a person becoming injured in an accidents. I was not able to find an amount just for collision.
What is the proper adjusting entry at April 30 the end of the fiscal year based on a prepaid insurance account balance before adjustment 16000 and unexpired amounts per analysis of policies 6000?
debit insurance expense 10000 credit prepaid insurance 10000
What is a good way to invest 10000?
You can invest it in life insurance or anything important like that.
What will be the journal entry of received Rs10000 against debt of Rs12000 from JLtd?
[Debit] Cash 10000 Credit J ltd 10000
What was the value of the Indian Rupee against pound sterling in 1925?
10000
Why was mama getting a check for 10000?
The $10,000 check was from the insurance comapny for the death of Mama's husband.
What is the journal entry of goods destroyed by fire rupees 12000 insurance company admitted the claim rupees 10000?
Dr Cr By: Loss by fire A/c 2000 By: Insurance Co A/c 10000 To: Goods destroyed by fir A/c 12000
Against which team Rahul Dravid made 10000 runs?
South Africa
Are Arizona drivers required to have auto insurance?
Yes, state law in Arizona requires drivers to have auto insurance. The minimum required insurance is $15000 per injured person and $10000 for property damage.
Which country did sachin scored 10000 runs?
against AUSTRALIA AT NEHRU STADIUM, INDORE
Who was the bowler against sachin tendulkar scored 10000 run in test cricket?
Razzak
How many Americans possess contents insurance?
The number of Americans that possess contents insurance is somewhere between 10000 and 20000, according to the American National Daily Medical Journal.
