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What happens to my paidup additional life insurance if I cash in my policy?
Wiki User
∙ 15y ago
The paid up life would have it's extra cash value too, so if you cashed it in for the cash value, there would be no more paid up life either.
Wiki User
∙ 15y ago
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Using the policy dividends as a single premium to buy additional life insurance is called?
The term you are looking for is "paid-up additions" or "paid-up additional life insurance"
What are the disadvantages of a Modified whole life insurance policy?
A major disadvantage of a modified whole life insurance policy is that you can never change the face value on your policy. Additional coverage would require the purchase of an another policy. Also the growth potential on your policy is limited.
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What happens if the damages in an accident exceed the insurance coverage of the person at fault?
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The reason why life insurance companies ask about other life insurance coverage is to determine if you have a need for additional life insurance. The insurance companies do not want you to be overinsured.
If a life insurance policy owner dies what happens to the policy?
if the owner of a life insurance policy dies and the policy is on her son. What happens to the ppolicy and is it part of the estate.
What happens if you are named a benificiary in an insurance policy but the will says different?
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What is paid up contract in Insurance?
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If the policy has additional cash value, an additional loan is usally permitted, up to a certain % of the total cash value.
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In order to provide themselves with additional (supplemental) coverage in case the employers insurance policy is insufficient. When the assistant wants an additional layer of coverage beyond the limits provided by the employers policy.
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Yes
What is Supplemental Insurance?
Supplemental insurance is an additional insurance which provides coverage in excess of your primary insurance policy. For example, Flood Insurance is a supplemental insurance to your homeowners policy which does not cover damage from floods. Or, you might have an Umbrella Liability policy which provides coverage to a higher dollar limit above your auto policy or business policy.
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Benefits paid from an insurance policy are separate from property that is left in a will. With an insurance policy, it is paid to the named beneficiary. That is not controlled by the wording of a will.
What happens when your car insurance is cancelled by the insurance company?
What happens is that you get a new insurance policy, possibly with another insurer. Any unearned premium will be returned to you by your insurer.
Using the policy dividends as a single premium to buy additional life insurance is called?
The term you are looking for is "paid-up additions" or "paid-up additional life insurance"
Does insurance cover pool damage due to falling trees in a hurricane?
It depends on the insurance policy you bought. You should contact your insurance agent and ask if you have coverage for additional structures and if your Pool is scheduled as an additional structure.
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