Life Insurance

What do you call a transaction in which the cash surrender value of a replaced insurance policy is used as the initial premium for a new policy?


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2005-12-08 04:48:35
2005-12-08 04:48:35

paid up. Or in some cases could be a conversion.


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I believe, it is a primary market transaction. A secondary market transaction requires an intermediary between the initial seller and the buyer. Which is not the case in a initial public offering. ( It s always better to verify with an economic teacher)

its called the deductible. ask an insurance company about it.

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These days it is typically paid by cash, check or charge.

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Many reasons. Most commonly, for not paying the monthly premium on time (or at all). Another reason could be falsifying information on the initial application for insurance.

A vanguard variable annuity is a low-cost, no surrender fee, deferred variable annuity.You have to pay an initial fee of around $5,000 to start it up.

A high-deductable health insurance plan has high initial costs for the user until a large threshold (typically $5000) is reached. These are sometimes called catastrophic health insurance and are often coupled with health savings accounts.

In order to find quotes for renter's insurance or contents insurance, it is better to contact the individual insurance companies directly for an initial quote. After getting 3 or 4 quotes, you can then go back to the companies you spoke to and tell them what the other companies offered in order to have price negotiation leverage.

How long is my financing statement effective? When do I renew?The filing period of an initial financing statement is 5 years. If a continuation is not filed, the initial financing statement will lapse 5 years from the original filing date. A continuation extends the filing period 5 additional years from the original filing date. A continuation may be filed up to 6 months prior to the lapse date of the initial financing statement. There are four exceptions to the initial filing period of 5 years. They are:Manufactured-Home Transaction - effective 30 yearsPublic-Finance Transaction - effective 30 yearsCooperative Filing - effective 5 yearsTransmitting Utility - effective until terminated

Insurance agents are required, at a minimum, to be licensed in order to sell insurance. Each state has different requirements. Insurance agencies usually have specific educational requirements that include a college degree. A degree in business and sales is most appropriate for insurance agents. After the initial requirement is filled, the potential employee will be required to go through insurance agent school. Insurance agent schools provide necessary tools for agents to perform their job properly. This includes customer relations, sales techniques, difference in types of insurance and how to properly execute the paperwork necessary to complete a transaction. An insurance agent school program is often paid for by the employer with the provision that the insurance agent works a designated amount of time with their office. This is a great way for potential insurance agents to get through school and into work immediately following successful completion of the program. Insurance agents usually work on a commission basis. That means that the agent makes a certain percentage of the amount of insurance he or she sells. If the agent is unable to secure any insurance sales, he or she will not make any money. The percentage of the commission depends on the company the insurance agent works for. It can run from 30% to 70% which is strictly dependent on the contract between the insurance agency and the insurance agent. It also depends on the type of insurance being sold. For example there is a difference between pay for homeowner's insurance and life insurance. Since many types of insurance are required, there is great potential for insurance agents to make extremely good commissions. Attending an insurance agent school will give the student the knowledge to sell insurance at a high rate. Insurance agents provide the ability to get necessary insurance coverage as well as more uncommon insurance types. The possibilities are, literally, endless for insurance agents who understand how sales work and how to properly close an insurance sale.

Yes, a spouse can cash out their own life insurance policy in most cases. There may be some restrictions within the initial policy so this is an individual case basis.

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A fire extinguisher should be examined monthly, tested yearly and replaced no more than ten years after initial installation.

There really is not enough information here, but my initial reaction is 'no, unless the subject of insurance is really old'. Before you buy, get some competitive quotes. MyInsuranceXpert

it depends on the context initial (as your initials) - Initial initial (as in first) - erste/erster/erstes

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