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If an employee dies will the insurance refund the unused part of the premium?

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2014-01-17 02:00:01
2014-01-17 02:00:01

Depends on how often the premium was paid....

For more info. see www.steveshorr.com

Generally speaking, if the premium was paid on a monthly (or more frequent) basis, the answer is NO. If less frequently (i.e. quarterly, bi-annually, or annually), then most will refund the prorated amount, rounded to some reasonable number (i.e. typically a week). The exact specifics will be found in the policy itself.

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