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If I have cancer and am I paying high premiums on my term insurance, will the premiums return to normal if my cancer goes into remission?
Wiki User
∙ 14y ago
While your premiums may be slightly lower after you are in remission (considered to be a period of 5 years), they will likely always be higher because you're considered a health risk. You may want to shop around and check out your options.
Wiki User
∙ 14y ago
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What is modified life insurance?
Modified Life Insurance is Ordinary Life Insurance under which premiums are calculated so that the first few years of premiums are less than normal, and subsequent premiums in later years are higher than normal. This type of coverage may also be called Graded Premium Whole Life Insurance under which insurance premiums are lower than normal for the first few years, then gradually increase for the next several years until they become level for the remainder of the policy.
What is graded premium life insurance?
Graded Premium Life is actually Graded Premium Whole Life Insurance coverage under which the initial premiums are less than normal for the first few years of the policy, then the premiums gradually increase each of the next several years, until they become level (or the same) for the duration of the life insurance policy.
What are the most common pitfalls of universal life insurance?
Universal Life Insurance is a great tool if SET UP PROPERLY.This is an intrest sensative product.If it is set up right your premiums will not ever go up and can actually build an attractive amount of cash.Unfortunatly there are crooked people in the life insurance industry.Some agents will sell this product under funded as you stated to wee they will devouer themselves.One very important question to avoid this is to ask to what age your policy is funded to.The best way to fund this product is to age 100..Your policy was probably funded to age 72.. The pitfalls of a universal life policy are: We discovered that your premiums go up after the age of 60, however they don't explain that to you. after awhile your premiums don't cover the cost of insurnce and the policy sort of eats itself up as the premiums are too expensive to continue the insurance. We nearly lost my husbands insurance. He has paid over $25,000 in premiums. Now we have to reduce the benefit in order to retain the insurance!! Their way of telling you is simply that when you get your statement it will say something to the effect that :If you discontinue premiums,( ab\nd of course you are & have been paying your premiums, you just aren't aware that they have increased to cover the cost of insurance!! the cost of insurance will be insufficient to carry you through the next billing.They only bill you for your normal premiums even though the premiums have increased to cover the cost of insurtance. If you don't figure it out, you will have lost your insurance without realizing why. You have to suddenly pay your normal premium plus the cost of insurance. almost double!! Then if you rpolicy should laspe, you would then have to prove you are still insurable. their goes all the money you have paid in for 20 or more years.This is just morally wrong & very sad!! BUYER BEWARE!!!
How do you get auto insurance for accident prone drivers?
You get auto insurance for accident prone drivers the same way as normal drivers. You will need to provide relevant car details and your driving history information and then receive insurance policy quotes. Insurance premiums for accident prone drivers are generally much higher.
My company wants me to pay them back for health insurance benefit's from 6 months ago?
More information is needed to answer. The company's portion of your premiums should have been paid directly to the medical insurance provider (under normal circumstances) - why are they asking YOU to repay anything?
What is normal cancer?
It is a cancer.
What is a recommended auto deductible?
Do the lowest amount that you can afford the normal premiums for.
Should you have Cancer?
No, Cancer is a mutation. It is not normal.
What does bladder cancer do to the normal cells?
Bladder cancer will force normal cells to divide uncontrollably.
Will mortgage insurance payout as my husband committed suicide?
This depends upon the timing. If the insurance policy was taken out a year or more before your husband committed suicide, then the normal life insurance provisions would allow a normal claim process, and payment of the death benefit. There is usually a provision that if an insured person commits suicide within a year of taking out the policy, this is a kind of insurance fraud and the claim is not paid (although the premiums that have been paid can be refunded). I would also suggest that you read your policy and see what it actually says.
Is it normal to have a PSA of 1.6 and have prostate cancer?
PSA is just one indicator of prostate cancer. It is possible to have prostate cancer and have a normal PSA reading.
One difference between a cancer cell and a normal cell is that?
a. cancer cells divide uncontrollably. b. normal cells cannot make copies of DNA. c. cancer cells cannot make copies of DNA. d. normal cells divide uncontrollably. (A) cancer cells divide uncontrollably
