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What kind of life insurance policy pays a specified monthly income to a beneficiary for W years and then pays a lump sum benefit at the end of that W years?
Wiki User
∙ 8y ago
In pension Policy, a specified amount is provided to the annuitant, and the purchase value is returned to the nominee on death of the annuitant.
Wiki User
∙ 7y ago
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This is Paula's monthly budget What percent of her expenses is spent on insurance?
20Given Paula's monthly budget, the percentage of expenses spent on insurance can be determined by subtracting all the other expenses from the monthly budget, which leaves you with the anoint spent on insurance.
What is the benefit of an operating budget?
Provides the senior management team with an "expectations," or "goal" plan. Their performance can then be monitored on a monthly basis.
What is Insurance statements?
Your question is unclear because there are various types of insurance statements. For an insurer, the monthly statements denote the premia received and claims paid, where for the insured it specifies upto date premia paid, FUP if any in brief the present status of the policy in question.
Is income Monthly or yearly?
Monthly
Which is an example of a monthly fixed cost for s sandwich shop?
An example of a monthly fixed cost for a sandwich soap is the monthly rent or the wages that they pay monthly.
What is the benefit of buy term insurance?
The benefit of term life insurance is that once the life insurance is completely paid off, then the monthly premium are paid off by the dividends. People can also borrow from their life insurance.
If you receive monthly payments for a life insurance benefit for the death of a spouse are there any rules that would set a time frame of yrs before they could remarry and not lose remainder of benefi?
I don't think there is a time limit to it. Of course, when you are the beneficiary for the death benefit and it has been set up for a specified amount for payments...you should be able to receive the death benefits regardless. The insurer has the obligation to pay out the remaining benefits until the cash value has been depleted.
What is a statement about disability insurance?
Disability insurance will replace your income loss by paying a monthly benefit in case you are too sick or hurt to be able to work at full capacity or totally disabled.
What is the monthly insurance?
A monthly Insurance Policy is a type of insurance policy that expires Every Month, there is no grace period.
What is initial policy maximum long term care insurance?
The policy maximum on a LTC insurance policy is the total amount estimated to be paid out by multiplying the daily benefit (or monthly benefit) times number of years in the benefit period (3, 5, 8 years, or lifetime benefit) without cinsidering any increases due to Cost of Living.
The monthly benefit available for long term care in an accelerated death benefit is what percent of the life insurance policy's face value?
The benefit for long-term care in an accelerated death benefit may range from one-fourth up to all of your funds in the death benefit. There are other factors that determine the amount, which may include the state where you are located and terms of contract. You also have the option to receive the benefit via lump sum or monthly.
What percent of income of paid by private disability insurance payments?
Every policy and insurance carrier is different. Private policies have income percentage limits, and monthly benefit caps. For example, many policies will replace up to 70% of monthly income. The monthly benefit cap could be as low as $5,000 per month, or as high as $15,000. People with higher incomes are often subject to the monthly benefit cap. Then the person or company paying for the policy determines what level of income replacement fits their budget. Higher benefit amounts cost more. Many policies have lower percentage replacements because the purchaser did not want to pay the extra premiums.
Is term life insurance permanent life insurance?
Nope. Term and Permanent (whole life) are two different types. Term only lasts for a 'term'. Term life insurance provides a set amount of coverage for a specified term. Once that term period has expired, your rate can change as your policy would then have to be renewed. Whole life insurance provides coverage for the entirety of your life. It offers a guaranteed death benefit as well as a cash savings component at a fixed monthly premium.
What are the different types of personal insurances?
The 4 major types of personal insurance are:Life Insurance - Life insurance is a type of coverage that will pay a benefit to a designated beneficiary(ies) upon the death of the insured person.Disability Insurance - Disability insurance will pay a monthly benefit which is intended to replace a percentage of a person's income, if he/she becomes unable to work due to an injury or sickness.Long-Term Care Insurance - Long-Term Care insurance is intended to provide daily or monthly benefits to assist in paying for care needed when a person becomes unable to perform 2 or more of the normal Activities of Daily living (ADLs) - eating, dressing, bathing, toileting, transferring and continence.super powers- once you get bitten by something with radioactive powers you need to have insurance with all your fighting and stunts you do. I am a super hero who can kill people with a gun so i consider my self as a super hero. And once when i was flying above new york the police pulled me over. And i had no insurance. So i was fined.
Does homeowners insurance pay off your mortgage if you are sick and dying?
Homeowners insurance does not provide any coverage for paying the mortgage payment - it only covers damages to the house itself. For coverage to pay off the mortgage in case of illness, accident, or death, you need disability coverage and/or life insurance. Disability coverage will generally pay a monthly benefit for as long as you are unable to return to work due to injury or illness, while life insurance pays a lump sum to your beneficiary upon your death.
Which companies offer monthly auto insurance?
There are many companies that offer monthly auto insurance. Companies that offer monthly auto insurance include Geico, State Farm, Allstate, Nationwide, and Progressive.
Life Insurance Law?
When someone has lost a loved one unexpectedly, she can struggle with grief, pain, regret and depression. She believes that the life insurance will arrive in time to help cover funeral expenses and mounting bills. However, some insurance companies will try to deny every life insurance claim that they possibly can. If this happens, the beneficiary should seek the legal advice to a lawyer that specializes in life insurance law.How Life Insurance WorksLife insurance is offered to individuals at a monthly or annual premium that is determined based on the policy holder's health history, age and on actuary tables. Each month or year the policy holder pays the premium in order to ensure that the beneficiary will receive the life insurance money when the policy holder dies.Filing a ClaimOnce a loved one dies, the beneficiary must complete an application to receive benefits. An insurance lawyer can assist the beneficiary to complete the application. Some insurance companies will deny a claim based on what they perceive as a misrepresentation or for an application that was not filled out correctly.Other Potential ProblemsSome life insurance claims may be denied or delayed because the life insurance suspects that the deceased's death was caused by foul play. They may also delay the process if the police are currently investigating the death of the deceased. The insurance company may also require the beneficiary to submit an autopsy report or death certificate before the company will release the claim.How an Insurance Lawyer Can HelpAn insurance lawyer can provide many benefits to clients. She can help complete insurance forms and help secure the documentation that the insurance company requires. A skilled lawyer will negotiate with the insurance company in order to secure the funds that the beneficiary is entitled to receive. If the insurance company does not comply with its duty to provide compensation to the beneficiary, a lawyer can file a complaint with the court and advocate on behalf of the client. An insurance lawyer may be able to receive a court judgment ordering the insurance company to pay the amount of the policy so that the beneficiary receives the compensation that she deserves. The insurance lawyer may be able to seek additional damages for insurance bad faith. If you have not received the insurance compensation that you deserve, contact an insurance lawyer to protect your rights.
