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How much more money does a parent have to pay on insurance for a sixteen year old than a eighteen year old?
Wiki User
∙ 9y ago
Insurance is a private contract. The costs are going to depend upon the carrier.
Wiki User
∙ 9y ago
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Who pays what on a sweet sixteen?
a parent pays the birthday girl money so she can handle her own money because she is growing up
When your parent die are you entitled to money from the government?
You are not necessarily entitled to money from the government, but you are entitled to the amount of life insurance that you parent or parents are insured for.
Can you get car accident money without parent present at eighteen?
At this age you are considered an adult . Your parents do not have to be present. They no longer are responsible for you.
Can an adult who has one deceased parent sue the other parent for part of the life insurance settlement?
If the other parent is the sole beneficiary in the life insurance policy, no. Participate in the probate process and you might walk away with something. So sad that someone's child would sue their grieving parent. Only if there is some record that the deceased parent wanted the child to have part of the money. If nothing...the insurance company gives the money to the person that has been chosen as the beneficiary. That is all they are required by law to do.
Is money inherited from a parent's life insurance policy taxable income?
Death benefits are not taxable for income tax purposes.
How much does auto insurance cost for kids under sixteen?
it is very expensive. most probably wont insure you unless you have a lisences. then they wont loes money when you crash.
Can life insurance money be used to pay back child support after parent dies?
Insurance is one of the non-banking financial instituon.They collect money from people and use in different sectors.But it has some rules about different policies.If the parents insure in the name of their children then the insurance company is ready to compemsate.All we need is the paper of insurance
If your 16 year old got a speeding ticket will parents insurance be affected in Michigan?
If your 16 year old got a speeding ticket the parent's insurance be definitely be affected in Michigan. The insurance bill will increase in money owed.
When you turn 18 do you have rights to child support money?
The child support money is part of a court order between your two parents, for your benefit. It is up to them. If you are still in school at eighteen and not employed full time, your custodial parent may still receive support.
How do you get a check at eighteen?
You get a job ... earn money ... get a check.
What types of insurance does Virgin Money offer?
Virgin Money offers life insurance, car insurance, home insurance, pet insurance, and travel insurance.
Insurance for 16 year old?
They should have medical coverage. Usually it can be included in the parent's policy and their premium amount. A 16 year old does not need life insurance. Put that money in a college fund. I would also question the value of Long Term Care Insurance.
