0
A participating life insurance policy is one that pays a dividend to the owner. Mutual life insurance companies offer participating life insurance policies as the policyholders share in the profits of the insurance company since the policy owners are the owners of the company.
Wiki User
∙ 6y ago
Add your answer:
Earn +20 pts
What does maximum capital mean under insurance?
The business of insurance is regulated by the States, not the Federal Government. Therefore, the answer to the question depends at least upon the following variables: 1. The State that will be the domicile of the insurer; 2. The kind and type of insurance that will be offered (such as property and casualty, health, life, etc.) 3. The anticipated number of policies to be issues, as measured by the amount of risk that the insurer is assuming. The main role of the insurance regulator is to ensure the claims-paying ability of the insurer. Therefore, these, and other factors, will dictate your answer.
What type of election is based on public issues?
In democratic countries all elections are based on the policies of each party. Public policy issues and the manner in which they are resolved are part of a party's platform.
What type of life insurance policy pays dividends whole life or equity or partcipating or nonforfeitable?
Question - What type of life insurance pays dividends? Answer - Dividends are paid by participating life insurance policies. The word "participating" suggests that the owner of the policy would get a dividend on the policy if the company earns one. A life insurance company cannot guarantee a dividend as this depends on the performance of the company. Investment performance as well as operating costs come into play. Whole life policies are participating policies. Details: http://www.lifeinsurancehub.net/life-insurance-dividends.html Question - What are "equity" linked policies? Answer - Equity linked policies are life insurance policies that, to put it simply, are hooked up with an investment portfolio...like mutual funds for example. Examples are variable universal life insurance policies and variable life insurance policies. These policies are sold only by "prospectus". The agent must have an NASD license to sell these policies. This license is different from his regular life insurance license. Details: http://www.lifeinsurancehub.net/variablelifeinsurancequote.html Question - What are nonforfeiture values? Answer - If at any time in the future a policy owner wishes to terminate premium payment of a participating life insurance policy policy there are certain option made available by the life insurance company. S/he may surrender the policy for its cash value, extended term life insurance may be purchased with the cash values or the cash values may be applied to purchase a reduced paid up policy. Details: http://www.lifeinsurancehub.net/nonforfeiture-values.html
What are the underwriting considerations in insurance?
In general, underwriting involves the assessment of risks. Insurance companies have "underwriting guidelines" that define the metes and bounds of the risks they are willing to accept. Those metes and bounds are defined, in turn, by the type of insurance that the insurer issues. That is, the underwriting considerations for a life insurance company involve factors such as age and health, whereas underwriting considerations for an insurer that issues automobile physical damage coverage involves considerations such as make and model of the auto, where the auto is principally kept, number of miles driven, and driving history. The totality of the underwriting factors, in part, determine the premium that the insurer will charge for the insurance.
Who type of contract is drafted by an insurer and receives no input or alteration from the insured?
dsds
What type of activity does this passage describe?
participating in an interest group
What type of health insurance plan administered by a third party?
Health insurers often use entities called "third-party administrators" to administer their policies. Duties include providing those types of services that an insurer would normally provide, although the insurer bears the ultimate financial responsibility for the payment of claims. Self-insured health insurance plans also use third-party administrators.
What motorized vehicles are usually used when participating in power sports?
The motorized vehicle used when participating in power sports depends on the power sport one is participating in. The type of vehicle can range from a motorcycle, to a muscle car, and even to a jet ski.
If you conduct business activities online you are participating in a type of business called?
E- Commerce
Can a homeowners insurance policy be cancelled if the homeowner is out of the country and the property left vacant?
Ye, reference the vacancy clause of your homeowners insurance policy. Most policies contain language that require you notify the insurer within a certain time frame of extended periods of vacancy. To avoid unexpected cancellation of coverage due to occupancy issues, be sure to properly list your occupancy type. Certain types of residences may be listed as, vacation homes, vacant property, temporary or seasonal homes.
Which type of monetary policies would the Federal Reserve most likely use when the economy is struggling?
Expansionary policies
Can you buy a Pet plan from your insurer?
PetPlan is only available through the insurer of the same name. Many insurance agencies are getting in to veterinary care insurance business though. Check with your insurance agent to see if your insurer offers anything.
