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Answered 2012-11-22 07:04:36

There are a number of different reasons premiums for life insurance may drop over time.

The premium for a life insurance policy is the amount you pay in return for the life insurance coverage on your life. The insurance company promises to pay out a death benefit to your beneficiary of you die, in return for your premiums you pay on your life insurance policy.

Premiums are based on several factors, including your age, health, occupation, hobbies, lifestyle, if you smoke, driving record, credit history, height-to-weight ratio, etc.

In addition, the type and amount of life insurance will have an affect on how much you pay for life insurance.

What can lower life insurance premiums?

Life insurance companies may lower their premiums over time if they have fewer claims, more people cancel their life insurance plans before dying, or people live for a longer period of time

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It depends. If you put on a metal roof where you had shingles before and you live in a high hail damage area, the premiums may go up. Typically a new roof will only help, but will not drop the premiums anywhere near the cost of the roof.

"Voluntary" insurance programs, such as those offered by AFLAC and certain other companies, are actually individual insurance policies that are marketed at the workplace-frequently during a period of "open enrollment". The premiums are paid by the employee, although the employer sometimes deducts premiums from pay upon the authorization of the employee. Therefore, the employer is not truly a party to the insurance transaction. All other things being equal, the employer cannot "drop" the coverage.

it will defiantly affect the premiums and depending on the insurance company they might drop him.

You can access a free life insurance premium calculator online at the Bankrate website. Once on the page, click on "Calculators" in the top navigation and select "Life Insurance" from the drop down box to compare rates and calculate premiums.

can a husband drop wife from insurance if not divorced.

Medicare becomes the primary insurance if you drop your employer insurance. Up until you drop your employer insurance, Medicare would be your secondary insurance.

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It depends. Usually an insurance company will drop you if they find out that some kind of fraud is incolved in a certain claim. However, they can drop you because of claim history, or too many accidents within a certain time frame. In essence, if they feel it would cost them more to insure you than you would pay them in premiums, they can drop you. However, they must have good and valid reasons to drop you in accordance to state insurance laws.

No, Your homeowners insurance will cover losses due to an "Act of Nature" if you have an extended coverage policy. For a claim caused by an "Act of God" you'll have to rely on prayer.

PMI is not a product that you purchase from an insurance agent like myself. It is an insurance policy that covers the bank if your mortgage is foreclosed on. Generally PMI is required by the bank if you are financing 80% or more of the value of the home. The insurance covers the bank but you are required to pay the premiums. After your mortgage balance falls below 80% of appraised value you can and should drop the coverage. The bank will not notify you of this so you have to tell them.

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You don't have to drop your auto insurance. Just notify your insurance company that you are no longer need the SR22 filing and they can remove it from your policy.

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yes always i am a drop out my self and i am a sucsuuse

Absolutely not. If you aren't payin' you aren't gettin'! You are uninsured. There's no such thing as a "special pool".Special PoolThere is a "special pool" called "assigned risk insurance" in most states, but it's not for people who choose to drop their coverage and it AIN'T FREE. It's for people who can't qualify for insurance from any company at any rate. The state will assign a company to accept them but allows them charge very high premiums.

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Well, sadly, probably after a DWAI conviction your insurance will find it wise to drop you.

Once you submit an auto insurance claim can your provider deny it?

Can you drop your health insurance coverage at anytime from your employer?Read more: Can_you_drop_your_health_insurance_coverage_at_anytime_from_your_employer

You will just have to contact your insurance company and ask them. Some companies will drop your policy while others will not.

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All insurance companies are different with their own set of rules in regard to when you are more of liability and they decide to drop you. Check with your own insurance company for a more specific answer.