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Answered 2010-05-03 02:24:39

No. At the end of an endowment policy, the cash value equals the face amount.

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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.

Is an endowment policy renewable?

No. It pays the face amount of the policy at the end of the period to you.

What policies are there regarding endowment?

There are many different policies that may effect the endowment on an insurance policy. It is important to read the policy carefully. Some policies payout on death, others upon injury and still others after a certain period of time.

What is unemployment insurance taxes?

FUTA. Federal unemployment tax assistance insurance for a limited amount and period of time.

What is basic term life insurance?

Term life insurance is what people call "pure insurance." You pay a premium for a specific period of time, usually 10 to 30 years, and the company will pay a death benefit to your beneficiary if you passed away in that time period. You designate an amount with the insurance company and they will pay exactly that amount.

What are the Advantages and disadvantages of endowment fund?

Endowment: A financial endowment is a transfer of money or property donated to an institution, usually with the stipulation that it be invested, and the principal remain intact in perpetuity or for a defined time period. This allows for the donation to have an impact over a longer period of time than if it were spent all at once.

The unexpired insurance at the end of the fiscal period represents?

Unexpired insurance at the end of fiscal year is that amount of insurance paid in advance but part of which is not consumed during fiscal year.

What is a double deduction in auto insurance?

The deductible will double if the loss occurs during a certain time period. So if your deductible is currently $500, you will pay $1,000 before the insurance will pay any amount. Typically this applies only for the first two or three months of a new policy. After that, only the $500 will apply. The benefit of selecting a double deductible policy is that it lowers your premium.

What is a car insurance premium?

A car insurance premium is the amount of money paid to an insurance company for a 6 month period. It is cheaper to pay the full premium that pay each month.

Should you move your fixed annuities to an endowment policy?

Like an annuity an endowment policy is offered through an insurance company. You place a certain amount of money in for a period of time as indicated by your insurance contract and then at the end of that term you are paid the amount that is available at that time. One must be careful because an endowment policy can be associated with market value adjustments that can lessen the amount of what the product is worth if surrendered early or if losses are incurred by the company. A fixed indexed annuity too has a fixed interest as determined by the company (usually yearly) and is contractual to a time limit as well. It also can incur surrender charges if cancelled early or withdrawals are taken early without a yearly specified allowable withdrawal rate as indicated by the contract and the company. To take an existing fixed annuity that has been in place for a number of years to start over again with a new set of holding years does not seem like a wise decision, however this is your decision.

How can one reduce the insurance cost?

The insurance cost can typically be lowered by avoiding accidents that require insurance payments for an extended period of time. After a certain amount of time has passed without an accident, the insurance cost should go down.

What is tax premium?

The tax amount which is paid on the premiums collected for a particular period by a insurance company which was to be paid to the state government.

Benefit of choosing Extended Term Insurance as a nonforfeiture option?

It has the highest amount of Insurance Protection; Under this option the insurer uses the policy cash value to convert to term insurance for the same face amount as the former permanent policy. The duration of the new term coverage lasts for as long a period as the amount of cash value will purchase.

What is called reinsurance?

When we go for insurance , the insurance have a time period for which it will be valid. When we want to extend the time period of the insurance,we have to do reinsurance.

What kinda of insurance protection is set for a period of time?

The Term life insurance is the kind of insurance protection that is set for a period of time.

What is the difference between a renewable term life insurance policy and a fixed term insurance policy?

The basic difference between a renewable term insurance policy and a fixed term insurance policy is that in the former case premium is payable as per mode chosen for till particular period, whereas in fixed term insurance policy premium has been paid on single or one time basis for a fixed period. However there is no deviation from the basic principle of whole life policy wherein no amount is paid on maturity, only when any eventuality arises during the policy period, the entire sum assured amount is payable by the Insurance Company to the nominee of the deceased person.

What is traditional budget?

Traditional budgeting is the amount of money that you allot for a period of time that is for a specific financial obligation. These would be for insurance, rent or entertainment.

What is an insurance policy renewal?

Insurance is purchased for a specific period of time, which is usually a month, a quarter, or a year. When the time period is over, the insurance will lapse unless you renew it by paying for another period of time.

What is term insurance?

Term Insurance is a life insurance policy , a contract between the insured and the life insurance company. Term insurance can be taken for a period of 5, 10, 15 or 30 years. In case of sudden death or loss of income, your family and loved ones need not suffer financial crisis as they would get a lump sum amount from the insurance company.

What is the goal of term life insurance?

The goal of term life insurance is to provide the right amount of protection against the financial risks associated with death over a finite period of time and for the lowest possible price.

What is structured annuity?

A structured settlement annuity is an agreement where an insurance company will pay an individual the predetermined amount of money over a finite period of time.

What is capitated health insurance?

capitated health insurance is when a physician gets paid a specified dollar amount, for a given time period, to take care of the medical needs of a specified group of people. Often used in Health Maintenance Organization (HMO) Insurance Plans.

What is disability income insurance?

Disability Income Insurance pays a monthly benefit if you are unable to work and earn an income due to an illness or injury. There are two types of disability insurance: short-term disability insurance and long-term disability insurance. Each type of disability income insurance has a waiting period and a benefit period. Waiting period is the amount of time before the policy starts paying benefits (8 days, 15 days, 30 days, 90 days, 180 days), and the benefit period is the duration of benefits (30 days, 6 months, 12 months, 2 years, 5 years, to age 65, 70).

Is there a grace period for paying auto insurance in Arizona?

There is usually a ten day grace period before you insurance is canceled. It is not by the state as much by the policies of the individual insurance company.

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