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How does a family term life insurance policy differ from an individual policy?
Wiki User
∙ 10y ago
A family life insurance policy differs from an individual insurance policy by the amount of persons included in the policy. The family option includes a (marriage) partner and probably one or more children. There might also be the option to include pets into the policy depending on the insurance company.
Wiki User
∙ 10y ago
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Is there a downside to buying individual health insurance?
Individual health insurance is ideal for single individuals. If you are married or have a family, it is much more cost effective to purchase a family plan instead of individual policies. The only time it may benefit a family to purchase a separate policy for an individual is if one person is at very high risk individual. Their risks will raise the rates of the entire policy. For this reason a single policy could be purchased for them.
Can you take out a life insurance policy on any individual you wish to?
no. there are laws for life insurance policy and is illegal to take it out to any individual
Should a family budget money for the purchase of an individual health insurance policy?
you jackass i was obviously trying to cheat cause i dont
Can you suggest options for medical insurance?
Now a days there are many Insurance provider companies offering range of medical Insurance policies, like; individual health Insurance policy, family health Insurance policy, group health plans and others. HDFC ERGO is one of the leading health Insurance policy provider, you can check HDFC ERGO's health policies.
Person is 26 years old and on her parent's medical insurance but has also taken out her own individual medical policy Which is primary insurance?
The individual policy is always primary.
Can an health insurance company drop an individual health policy and or group health policy?
NO
What is portable life insurance?
A life insurance policy is "portable" when upon leaving the group policy, you transfer your life coverage to an individual life policy with the same insurance carrier with no changes to the policy or increase in premium.
When would an individual want to purchase family life insurance?
Family life insurance is a more simple to get complete coverage for the whole family under a single policy and rate instead of several different ones. One should purchase family life insurance when they have dependents that would be financial effected by their premature death.
What kind of policy is Endowment Insurance Policy?
Endowment Insurance policy is life insurance. Life insurance is very important to have, especially if you have a family or kids. If anything should happen to you, you would want to know that your family could live comfortably without your income.
What is the cheapest Budget van insurance policy?
Budget van insurance policy is made to fit your individual needs. You can have as much coverage as you want.
Where can someone purchase GHI insurance?
GHI is private insurance which allows you to buy an individual or family policy. Check with your doctors and your local hospital that they accept GHI. I fyour employer does not offer GHI, a policy may be purchased from the company via their website or by phone.
Where can one get information on Travelers Life Insurance?
Travelers Life Insurance is a type of insurance that compensates a family if the person under the policy is injured or killed due to an accident while traveling. The websites of businesses that offer this insurance have more information about their individual policies.
