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What is a payment for insurance called -?
A premium
What do you call the payment of the insurance company?
premium
What is a Seven letter word for insurance payment?
premium
Which of these is an element of limited payment life insurance?
this life insurance policy has premium payment for a set number or years....
What is a regular insurance payment called?
A regular insurance payment is called a premium. This payment is typically made on a monthly, quarterly, or annual basis, depending on the terms of the insurance policy. The premium is the cost of maintaining coverage and is used by the insurance company to pay for claims and administrative expenses.
Can you purchase life insurance in a lump sum single payment?
Yes, you can. It's called Single Premium Life Insurance. With single premium life insurance coverage one premium payment is made and the life insurance policy is fully paid up with no further premiums required.
What is a down payment on car insurance and how does it affect my overall premium cost?
A down payment on car insurance is an initial payment made when purchasing a policy. It is typically a percentage of the total premium cost. The down payment affects your overall premium cost by reducing the amount you owe upfront, but it does not impact the total cost of the policy.
What is the term for periodic payment to keep insurance policy in force?
premium
Can a home insurance policy be cancelled for non payment?
Yes. Non Payment of premium can cause a cancellation or non renewal of an insurance policy.
Which term is defined as the payment an insured makes to the insurance company on a regular schedual?
that is the insurance premium (can be monthly, quarterly, semi-annual or annual premium).
What is a insurance payment made by the policyholder called?
An insurance payment made by the policyholder is called a premium. This payment is typically made on a regular basis, such as monthly or annually, in exchange for coverage provided by the insurance policy. The amount of the premium can vary based on factors like the type of insurance, coverage limits, and the policyholder's risk profile.
What is the difference between a COBRA prorated premium and a monthly premium?
A COBRA prorated premium is a partial payment for health insurance coverage for a specific period, while a monthly premium is the full payment for coverage for a whole month.
