answersLogoWhite

0


Best Answer

No

No is correct. Let's look at it this way. Suppose today you buy a term policy for $100,000 and pay the full years premium up front of $300. Exactly 6 months to the date of issue you die, your beneficiary would receive $100,150 which is inclusive of the $100,000 death benefit plus $150 (1/2 years premium) of un-earned premium. WOrks the other way when you are paying monthly or...paying your premiums generally one month in advance or, the insurance company is collecting as earned. 4lifeguild

User Avatar

Wiki User

โˆ™ 2015-07-15 19:32:13
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar

Add your answer:

Earn +20 pts
Q: If death occurs on a Term Life policy is the remaining payment amount deducted from what it is written for?
Write your answer...
Submit
Related questions

How can you lower the principal owed on your mortgage?

You can reduce the principal by making extra payments toward the principal each payment cycle. Ask your lender how best to do it and make certain the amount is deducted from the principal.You can reduce the principal by making extra payments toward the principal each payment cycle. Ask your lender how best to do it and make certain the amount is deducted from the principal.You can reduce the principal by making extra payments toward the principal each payment cycle. Ask your lender how best to do it and make certain the amount is deducted from the principal.You can reduce the principal by making extra payments toward the principal each payment cycle. Ask your lender how best to do it and make certain the amount is deducted from the principal.


Can child support be deducted from social security disability insurance?

Only arrears. Child Support payments should be adjusted to match what amount already being paid the residential parent by SSD, which is not deducted from the main payment.


What happens if you can't pay any remaining balance on a repossessed car and do not have a job?

The car will be sold at auction. Whatever it sells for at auction will be deducted from the balance remaining. The credit company may initially offer to accept a reduced amount on the balance, but, if you're unable to pay that, they will turn it over to collections for the full amount of the balance remaining.


What is money down and is it included in the loan amount?

money down is the down payment towards a loan. It is deducted from the total debt, or principle before interest is applied.


From where the pf amount is deducted?

Your Salary


What is the meaning of net of regarding contributions for tax purposes?

Net = Amount after tax is deducted (Amount minus tax) Gross = Amount before any tax is deducted


Is tax amount deducted from gross sales to arrive at net sales?

No. tax is deducted from gross sales neither is it deducted from gross profit.


What does the word deductible mean?

Nothing, it is not a word in English.Deductible is. It means an amount removed from the principle sum. It can also mean the amount you have to pay on an insurance claim


Can treasury take out money out of ssi disability without direct deposit?

The question is somewhat unclear -BUT- If there is some kind of government lien against the SSI payment it will be deducted from the payment amount before the check is sent, or the deposit is ever made.


How much would a buyer finance on her new car if she paid 20 percent down on a car costing 14564 dollars?

The amount financed is the amount remaining afterthe payment of the down payment.Here, you can either calculate the down payment and subtract form the total price, or simply multiply the total by the remaining percentage (80%).The down payment is therefore (14564 x .20) = $ 2912.80Which leaves the remainder (14564 x .80) of $ 11651.20


What is Journal entries for letter of credit?

A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase.


Can you refinance your home loan even if its got a judgment?

The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.


What is an amount deducted from a bank account called?

debit


If you make minimum payments on a credit debt and the statute runs out after four years the remaining amount gets written of as bad debt and you don't have to pay it anymore?

if you are making payment ever payment you make restarts that statute. It would have to be four or five years from the time of default to the statute to run out.


What is the meaning of TDS in bank sector?

TDS refers to Tax Deducted at Source. In regard to certain incomes, government makes it mandatory to deduct a certain amount of tax by the person who is making payment to other party. For example, while making rent payment by the tenant to the landlord, tenant may be required to retain a certain amount of rent payment as tax (TDS) and deposit the same with the government.


What is discount?

discount is an amount deducted from the usual list price


What amount is currently deducted from your pay for medicare in percent?

1.45%


What is Virginia unemployment benefits eligibility with lump severance?

Your unemployment benefits, for the week you receive the lump sum severance, will be deducted by the amount of the payment, from your benefits. Otherwise, it will have no effect. See the Related Link below.


How much taxes are deducted from your pay check?

You can use the following calculator to determine how much tax will be deducted from your paycheck: http://www.paycheckcity.com/NetPayCalc/netpaycalculator.asp Remember that the amount of income tax deducted depends on how you fill out Form W-4 that you give to your employer. It is not the real amount of tax you owe. The real amount is calculated when you fill out your tax return at the end of the year. When you fill out and file your tax return, you will get a refund if too much was deducted or you will pay more if not enough was deducted.


What is the amount of paycheck taxes taken out in Oregon?

You can use the following calculator to determine how much tax will be deducted from your paycheck: http://www.paycheckcity.com/NetPayCalc/netpaycalculator.asp Remember that the amount of income tax deducted depends on how you fill out Form W-4 that you give to your employer. It is not the real amount of tax you owe. The real amount is calculated when you fill out your tax return at the end of the year. When you fill out and file your tax return, you will get a refund if too much was deducted or you will pay more if not enough was deducted.


What is the principal of a loan?

The money you owe.You pay the principal, plus interest (rent for using someone else's money) to repay the loan.The principal is normally the amount borrowed, which is reduced by paying any amount exceeding the interest.The principal is the original amount that you borrow. It is usually set for an equal payment amount which includes the interest charge for the period. The principal decreases each time you make a payment as the interest amount due is based on the loan balance at the interest rate of the note.Easy example would be:You borrow $1000 @ 10% interest monthly. Monthly payment is $150.Month 1 - Interest is $100 so $50 would be deducted from principal, new balance is $950.Month 2 - Interest is $95 so $55 would be deducted from principal, new balance is $855.Month 3 - Interest is $85.50 so $64.50 would be deducted from principal, new balance is $790.50.Month 4 - Interest is $79.05 so $70.95 would be deducted from principal, new balance is $719.55.Month 5 - Interest is $71.15 so $71.96 would be deducted from principal, new balance is $647.59.A much easier way is to print an amortization schedule.


When receiving payment from a private insurance carrier check the amount of payment on the EOB with the?

when receiving payment from a privit insurace carrier check the amount of payment on the EOB with the


What are business deductions?

these are expenses which are deducted from the income of a business and reduce their amount of taxable income. for example, the cost of a renting a store will be deducted from a stores profit.


In Georgia what is amount of tax taken out on a salary of 1800.00 a month?

You can use the following calculator to determine how much tax will be deducted from your paycheck:http://www.paycheckcity.com/NetPayCalc/netpaycalculator.aspRemember that the amount of income tax deducted depends on how you fill out Form W-4 that you give to your employer. It is not the real amount of tax you owe. The real amount is calculated when you fill out your tax return at the end of the year. When you fill out and file your tax return, you will get a refund if too much was deducted or you will pay more if not enough was deducted.


In Georgia what is tax amount taken out of monthly salary of 1800?

You can use the following calculator to determine how much tax will be deducted from your paycheck:http://www.paycheckcity.com/NetPayCalc/netpaycalculator.aspRemember that the amount of income tax deducted depends on how you fill out Form W-4 that you give to your employer. It is not the real amount of tax you owe. The real amount is calculated when you fill out your tax return at the end of the year. When you fill out and file your tax return, you will get a refund if too much was deducted or you will pay more if not enough was deducted.