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Payment of life insurance premia is allowed on line, along with payment over counter whether payment by cash or cheque.
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∙ 10y ago
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On what types of policie is it a certainty that the insurance company will have to make payment?
A. Life Insurance
How do you make a payment to cover your life insurance online?
To make a payment to cover one's life insurance online can be done in two ways. One way is to make a payment directly to the insurance company by completing their online form and submitting a valid credit card's details. Another way is to make a bank transfer from one's own account to the insurance company's account, including your reference number so that they know where the payment has come from.
Can you make a payment on line for Farmers New World Life Insurance?
Most companies accept payments through their web site. Look on their bill or insurance card there should be an site listed. Go there, create an account, find the link in it to make payments, put in your bank account numbers and make the payment. Some companies will also take payments by phone.
Make a payment motorists groupcom?
I have insurance through motorist insurance.I want to make a payment
Will life insurance pay for cancer hospital bills?
Life insurance makes a single payment to the designated beneficiary for the entire amount of insurance. It does not pay addidtional amount for hospital bills or such. Don't confuse life and health insurance. Generally the hospital cannot make any claim on the life insurance payment made to the benificiary. Some life insurance policies have provisions that can make payments directly to the insured for part of the life insurance if the disease is terminal. The payments are at the request of the insured to use in any manner they desire.AnswerDepending on the insurance policy, a terminal patient may obtain funding to cover treatment while they are still alive. This is not a loan. After death, before the estate can pay out, the bills have to be paid.
Which type of policies that the insurance company will have to make payment?
Insurance policies may be categorized into 2 sectors:- Life Insurance and General Insurance. In life insurance, claims arise during maturity and death, when the Insurance Cos are to make payment. In General insurance falls medical insurance, fire & burglary, Professional indemnity,car insurance, Householders policy,shop keepers policy and so on. In medical insurance, when a person is hospitalized for treatment of illness/disease and stay for minimum 24 hours, either he can avail cash less system or claim under reimbursement. In the rest policies, when a fire or burglary occurs or so on, the claim has to be established with proper documentation supported by surveyor's report for consideration of the claim by Insurance Company, where they are policy bound to make payment.
How can mortgage payment protection insurance help you?
Mortgage payment protection insurance can help a person if they become unable to make the mortgage payments due to an accident, unemployment, or sickness. There are restrictions in place, so one must check carefully before signing on the dotted line.
What type of policy is a certainty that the insurance company will have to make payment?
None.
How soon does beneficiary get paid from a life insurance company?
The beneficiary may usually be paid within 10-21 days after the insurance company has determined there is no fraud and the insurance payment is due as per the terms and conditions of the life insurance policy, and all necessary paperwork is in to them. The life insurance company usually requires the death certificate when making your claim. Make sure to review the "How to Make a Claim" section of the life insurance policy and contact the insurance company regarding what is necessary and who to send all pertinent information to in order to make your claim. If the claim is not paid in a timely manner, contact the insurance company and your insurance agent to follow-up. Also, you may want to contact the Department of Insurance in your state if you do not receive the Life Insurance Proceeds.
Can the at-fault driver pay for damages even if they have insurance?
Yes, most insurance will allow you to make an, lump sum, out-of-pocket payment for the damages.
May the provider bill the patient more than the insurance contracted rate?
It is possible. Some providers will make the distinction between accepting an insurance payment and accepting it as payment in full. It is called balance billing.
How can the insurance co make a payment to someone else if you are the beneficiary of a life ins?
A life insurance policy has an owner, who is the person who is buying the insurance, as well as a designated beneficiary. Some kinds of life insurance, called whole life, have value as an investment and can be cashed out by the owner if he or she so desires (unlike term life which has only a death benefit and no cash value prior to the death of the insured). Now, you haven't said who this other person is who has received a payment from the insurance company. If it is someone other than either the policy owner or the beneficiary, the only other scenario I can imagine is that someone filed a lawsuit claiming that there was some kind of fraud going on, and that he (or she) is the actual owner or beneficiary of the policy, and not you. If the judge agrees, then the insurance company must comply.
