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If a deductible is lowered the premium usually goes up
Your secondary insurance may not cover a pharmacy copay because it is not viewed as necessary or has not been approved. This is usually associated with premium medications or those which have a preferred drug over the prescribed medication.
Usually not. However, insurance companies can charge late or reinstatement fees if you pay late.
The different types of insurance terms are "Annual renewable term" and "Level premium term." The Annual renewable term usually has the lowest annual premium to start and the Level renewable term lets you lock in your premium for that period.
It usually affects your next renewal premium. It can vary depending on your state, the citation, and your insurance carrier. Normally speeding tickets stay on your record for three years for insurance rating purposes.
Fire damage insurance is usually a part of your homeowners or renters insurance. Depending on your desired level of coverage, it may be necessary to pay an additional premium.
A "premium holiday" is a provision contained in some whole life insurance policies that permits the cessation of premium payments, usually in the event of economic hardship. Premiums are paid from the accumulated cash value within the policy during this period. When the cash value has been exhausted, the policy is subject to lapse for nonpayment of premium.
Usually, Insurance Companies gives its insurers an extra of 10-15 days to if they neglect to pay the premium before the due date. Further, if you even delay it further, then you may loose your insurance. You can resurrect it by paying a large amount to the insurance companies.
It is a guaranteed fixed premium permanent life insurance policy. It usually has a Guaranteed Minimum Cash Value that increases each year.
Waiver of premium on a life insurance policy or disability insurance policy means that in case of a disability, the insurance company will waive the premiums and keep the policy in force. This is a layer of added protection in case you can't afford to pay the policy due to loss of income in case of an illness or accident. All disability insurance policies include the waiver of premium at no cost, keeping the policy in force while you are disabled and receiving disability benefits. Life insurance policies have the waiver of premium as a rider which usually cost additional premium to add. Consult a life and disability specialist to help you choose the best plans available to you.
Usually one person can obtain insurance more inexpensively than a group of people can. More people requires more risk, so the insurance company will charge a higher premium.
Usually the "face" or first page of the contract.