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Whole Life, Universal Life, as well as Annuities can be used for this purpose.

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Vivien Cassin

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โˆ™ 2022-03-24 04:52:53
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Q: Which type of insurance contract requires a lump-sum or periodic payment in exchange for receiving periodic payments from the insurance payment?
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What type of insurance contract requires a lump some or periodic payment in exchange for receiving periodic payments from the insurance company?

That could be an annuity, or a permanent life insurance policy.


Which type of insurance contract requires a lump sum or periodic payment in exchange for receiving periodic payments from the insurance company?

As you have described it, this sounds very similar to an annuity.


Which type of insurance contract requires a lumps or periodic payment in exchange for receiving periodic payments from the insurance payment?

Whole Life, Universal Life, as well as Annuities can be used for this purpose.


Which type of insurance contract requires a lump-sum or periodic payment in exchange for receiving periodic payments from the insurance company?

Whole Life, Universal Life, as well as Annuities can be used for this purpose.


WHAT DO YOU MEAN BY ANNUITY?

An annuity is a contract between you and an insurance company in which you pay a lump-sum payment or a series of payments in exchange for regular payments, which can start right away or at a later date.


What is the meaning of variable annuities?

A Variable Annuity is an insurance contract in which at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio.


Can they legally repossess your car if all your monthly payments are up to date but you have made a few payments a day or a week late?

Read your CONTRACT. You have to be in DEFAULT of the contract for the lender to repo. If you are current on payments, what else can you be in default of?? INSURANCE coverage?


If you bought a car for your daughter in your name and the payments and insurance are taken out of your account do they have the right to pick it up?

As long as the contract is NOT in default, NO. Read the contract. Payments current, ins. current, no other defaults?


What is the difference between installment and annuity?

Instalments are payments for your debts which can be paid on monthly, quarterly or yearly basis or way to make payments. Annuity is insurance product which is contract between you and insurance company for your investments.


What is paid up contract in Insurance?

A paid-up policy is a whole life insurance policy for which no additional premium / payments are required to keep it in force.


What is a fixed annuity?

A fixed income annuity is a type of insurance contract where the insurance company makes payments of a preassigned amount to the holder of the annuity, the annuitant.


What does it mean to have an insurance annuity?

An insurance annuity is a financial product in the form of an insurance product according to which a seller makes a series of future payments to a buyer in exchange for the immediate payment of a lump sum or a series of regular payments prior to the onset of annuity.

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