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In most cases, not. Insurers usually give you a 5-10 window to make payment and be re-instated. However during that time period you have no insurance.

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โˆ™ 2004-06-15 17:52:50
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What insurance policy requires payment of premiums to be paid for a specific time period?

They are called 'Limited Payment Life Insurance Policy' where premium has to be paid for a specific time period.


Is temporary car insurance something that goes on in Ohio?

You can get temporary auto insurance in Ohio if you ask your local agent for the short period premiums at Triple A auto insurance for instance or at Geico.


What is tax premium?

The tax amount which is paid on the premiums collected for a particular period by a insurance company which was to be paid to the state government.


How are Long term care premiums determined?

Long-term care insurance premiums are determined based on several different factors, these include: age gender current living status (single women pay more than married women) benefit period and benefit amoung elimination period state where you are location health history In addition, long-term care insurance premiums varied depending on the insurance company and if you have added any rider or feature like inflation protection into your policy, it can affect the premiums too.


How does a life insurance policy lapse?

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What has caused or allowed life insurance premiums to drop?

There are a number of different reasons premiums for life insurance may drop over time. The premium for a life insurance policy is the amount you pay in return for the life insurance coverage on your life. The insurance company promises to pay out a death benefit to your beneficiary of you die, in return for your premiums you pay on your life insurance policy. Premiums are based on several factors, including your age, health, occupation, hobbies, lifestyle, if you smoke, driving record, credit history, height-to-weight ratio, etc. In addition, the type and amount of life insurance will have an affect on how much you pay for life insurance. What can lower life insurance premiums? Life insurance companies may lower their premiums over time if they have fewer claims, more people cancel their life insurance plans before dying, or people live for a longer period of time


When do you stop paying for whole life insurance?

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What is modified whole life insurance and how is it different from regular life insurance?

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Term life insurance is?

Term life insurance is a temporary life insurance which you can take out for a temporary period of say 5, 10, 15, 20 or 25 years. It is popular because the premiums are low and life insurance coverage is high. But it carries no cash value or surrender value. You must renew the insurance annually, otherwise it will lapse. If you have level term insurance, the premiums remain the same during the entire term period. There are various options for term life policies such as level term, Return on Premiums (ROP) etc. Term life insurance rates can vary from company to company. You can save quite a bit just by shopping around.


What is the elmination period with disability insurance?

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What is a group insurance plan?

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What is a group insurance?

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