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What benefit is paid if the insured dies after term insurance expires on an extended term insurance policy?
Wiki User
∙ 14y ago
Once the term policy expires there is no further benefit owed to the owner/beneficiary of the policy.
You have converted the whole/entire life policy into a term/temporary policy. The cash value was used to pay the premiums for the term policy. Therefore, there is no longer a cash value on your insurance policy. Once the temporary policy expires, a new policy or extension must have been in place before the insured's death to receive any benefit.
This is one of the non-forfeiture options standard to insurance policies.
Wiki User
∙ 14y ago
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What can be added to an insurance policy to allowed the insured to receive a higher benefit?
Double indemnity can be added to an insurance policy to allow the insured to receive a higher benefit.
What can be added to an insurance policy to allow the insured to receive a higher benefit-?
Double indemnity can be added to an insurance policy to allow the insured to receive a higher benefit.
Why does fire insurance policy expires on the same date it was issued while motor insurance expires one day before the date it was issued?
12.01 am Standard time at the address of insured
What happens if my car insurance expires?
When car insurance expires the car and passengers are not longer covered so when a wreck occurs there will be no help with paying medical bills or to fix the cars involved in the wreck. May be subject to a fine if not insured.
What does life insurance units mean?
An insurance policy that pays a monetary benefit to the insured person's survivors after death.
What happens when you switch insurance companies after a policy expires?
Nothing of any consequece happens at all except that you now insured by a different company.
What can be added to an insurance policy to allow the insured to receive higher benefit?
double indemnity. -Chrly
What can be added to an insurance policy to allow the insured to receive a higher benefit?
double indemnity. -Chrly
Which type osf health insurance provde benefit that pay for treatment of an insured illness or injuries?
health
What if no beneficiary is named on a life insurance policy and they have a spouse what happens?
If an insured has a policy where there is no named beneficiary, or the named beneficiary is deceased, then the benefit will be paid to the insured's estate.
Can the actual cash value of an extended term life policy be liquidated by the insured?
no there is no cash value in a term insurance policy
What is the benefit of infinity insurance?
By having Infinity Auto Insurance, you will be insured which is a good thing. Also, you can manage your policy online. They also offer classic car and RV insurance.
