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Can your term life insurance payment be increased after a period of time?
Wiki User
∙ 11y ago
No, you are to opt for a fresh term life insurance policy if you are willing to pay increased premium for additional coverage.
Wiki User
∙ 11y ago
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What insurance policy requires payment of premiums to be paid for a specific time period?
They are called 'Limited Payment Life Insurance Policy' where premium has to be paid for a specific time period.
What is the endowment point for life insurance?
The endowment point for life insurance is usually a fixed date or death. It is a period of maturity for policy payment.
Can you receive life insurance payment if your in prison?
Yes. The beneficiary of a life insurance payment can always receive the payment regardless of where he or she is.
Which of these is an element of limited payment life insurance?
this life insurance policy has premium payment for a set number or years....
Can you make a payment on line for life insurance?
Payment of life insurance premia is allowed on line, along with payment over counter whether payment by cash or cheque.
At what time does an insurance policy go into effect?
In most cases an insurance policy for a car goes into effect the moment the first payment is made. In the case of medical insurance there might be a waiting period based on the insurance company. Life insurance usually goes into effect after the first payment is made, but there might also be a waiting period before benefits will be issued.
What are the advantages of a Limited-Payment Life Insurance Policy?
the savings component grows more rapidly during the premium-paying period than in straight life
On what types of policie is it a certainty that the insurance company will have to make payment?
A. Life Insurance
Do you need do die to get payment for life insurance?
Yes.
Can you purchase life insurance in a lump sum single payment?
Yes, you can. It's called Single Premium Life Insurance. With single premium life insurance coverage one premium payment is made and the life insurance policy is fully paid up with no further premiums required.
Which type of insurance does not build a cash value for insured?
Limited payment life insurance
Is ther income tax on life insurance payment?
Yes
