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2008-11-04 16:24:24
2008-11-04 16:24:24

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.

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Related Questions


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.


The will has no relationship to the insurance policy. The Policy is a contract between the insurance company and the insured and does not become a part of the estate.


A paid-up policy is a whole life insurance policy for which no additional premium / payments are required to keep it in force.


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.


If the policy has additional cash value, an additional loan is usally permitted, up to a certain % of the total cash value.


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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It really just depends on your insurance policy and the nature of the damage. Check you homeowners insurance policy declarations page for the term "Other Structures" or "Additional Structures". A pool is usually considered an additional structure. If the damage was caused by a covered peril under your policy you may have coverage for repairs.


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The term you are looking for is "paid-up additions" or "paid-up additional life insurance"


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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.


Most people just buy another insurance policy somewhere else. That is usually what happens.


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Individual added to a life insurance policy other than the insured named in the policy. For example, an insured father can have a dependent son and daughter added to the policy as additional insureds. In many instances, adding an additional insured to an existing policy is less expensive than purchasing a separate policy for that insured. In property and liability insurance: another person, firm, or other entity enjoying the same protection as the named insured.


Answer 1: yes, my sister is borrowing my car and she her own insurance on it.Answer 2: You can always get insurance as an additional driver on another person's car insurance policy. Isn't that how children in the house are added to their parent's car insurance policy?



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