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What else can I help you with?
Explain the purpose of a contract with reference to a policy - short term insurance?
What is the purpose of a contract?
What the are purpose of foreign policy?
Purpose of foreign policy
What was the purpose of the national policy?
the purpose of the national policy was to streghten canada.
Can you use money from term life policy to purchase a home?
Yes, if you are the beneficiary, you can use the life insurance benefit for any purpose.
What is the purpose of the monetary policy?
The purpose of the International monetary policy is tho survey the global economy.
What is the purpose of an international monetary policy?
The purpose of the International monetary policy is tho survey the global economy.
Who are benefits of a life insurance policy paid to if the insured survives the term?
In a term policy if you outlive the term of your policy, no benefits are paid. For example, if you buy a 20 year term life insurance policy, and you are alive at the end of the policy, no death benefit is paid out. -ex
What is convertible term insurance?
A term policy that can be converted to a whole life (or other) policy.
When is a policy paid out?
a policy can be paid out upon death of the life insured, maturity (if the policy has a term and is with profit) or via cash surrender (for a lower value) as long as the policy is with profit and is not a assurance term policy
What are the purposes of policies?
Purpose of foreign policy
What is an endorsement to a insurance short term policy?
It amends the policy
What benefit is paid if the insured dies after term insurance expires on an extended term insurance policy?
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.
