Want this question answered?
A monthly Insurance Policy is a type of insurance policy that expires Every Month, there is no grace period.
Fixed Amount
This will depend on the type of private benefits your policy provides you. If 100% of your monthly benefit is considered "base" benefit, than you will NOT have to repay any benefits. However if part of your benefits are "social insurance" or "social security offset" benefits, than this portion of benefits will offset dollar-for-dollar with any social security benefits received. In this circumstance you would be required to repay the amount of benefit you received from social security, up to the full amount of social offset benefit your policy provides.
PMI is a policy a homeowner is required to carry until they have paid off a full 20% of the principal on their loan. Then the PMI can be dropped. Usually, the fee for it is divided into 12 yearly installments, with the monthly payment being built into your mortgage payment. PMI is protection for the bank against you defaulting on your loan. If you do, the bank gets their money back through the PMI policy.
India may get business worth $10 billion after it begins implementing the "offset policy," which makes it compulsory to source 30 per cent of all defence import deals above Rs. 300 crore to the domestic industry,
Work with your broker to determine your deductible exposure under the master policy, and inquire as to whether or not you can include this coverage in your HO-6 policy.
When you don't pay your monthly premium or you don't renew.
Do not know of any companies that pay monthly. Most companies pay weekly or biweekly according to its own policy.
Just like Rent-a-Center... Aaron's does not run credit checks prior to the purchase of an item. Aaron's allow you to pay monthly installments without credit. However, they do report your payments to the credit bureau, which builds your credit. These are recent changes to Aaron's policy since they did not report to the Credit Bureaus to help customers build credit in the past.
refund policy
Reduced payment plan
When application is made for an insurance policy, the applicant is normally given a choice of the frequency of premium payments. Generally, the choices are monthly, quarterly, semi-annually or annually. The choices of frequency often vary with the kind of insurance involved.