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Why don't insurance companies offer policies to older people at a higher price?
Wiki User
∙ 15y ago
They do.
Wiki User
∙ 15y ago
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What is the difference in participating life policies and non participating life policies?
Participating policies are life insurance policies that pay dividends, where dividends enable you (the policyholders) to participate in the insurance company's favorable experiences (such as higher than expected investment returns or lower than expected operation.) Non-participating policies, historically belong to the stock companies where the company's favorable expenses were paid to the stock holders, rather than the people who own policies within the insurance company. Even though the participating policies were mostly offered by the the mutual insurance companies, due to consumer appeals to receive dividends, stock companies also started offering participating policies. You should keep in mind that the dividends are not guaranteed and it is illegal for insurance agents to make future projections (where the participating policies also tend to have little higher premiums.)
How do online car insurance companies offer cheap policies?
Online car insurance companies offer cheap policies to people who are low risk drivers. This is because they generally can still make money, as they are safer drivers.
Which companies sell insurance for people who live in apartments?
Most Property & Casualty insurance companies that write Homeowners Insurance will also sell Tenant Insurance policies. Simply call your local insurance agent to inquire.
Where can one obtain insurance for multiple vehicles?
Most insurance companies will issue policies for people who own multiple vehicles. Contact a broker or agent who can provide quotes for different companies.
Can two people hold two life insurance poicies on the same person with different companies?
YES, you can have multiple insurance policies, from different companies or even from the same company. Each company has it's own rules of how much life insurance someone can get. You can get quotes from multiple companies and have life insurance policies issued simultaneously from different companies. You should work with an insurance agent that has access to multiple insurance companies and can advise you what requirements each company has, and the limits they are willing to issue for life insurance.
What companies sell car colission reports to consumers and insurance companies?
There is a company who supplies information to insurance companies called CLUE. This company gives insurance companies information on losses paid by all insurance companies and what type and amount of the claim was paid. CLUE also supplies companies with a variety of information. It gives information like people who had auto insurance at the same address as you have and people who were listed on insurance policies of you in the past like other household members or drivers.
Which national carrier provides classic car insurance quotes?
What surprises most people is that most insurance companies that write policies also write for classic car. Some companies are Allstate, Nationwide and State Farm.
Why was you denied Insurance coverage on sleeping pills?
The insurance companies have certain rules and restrictions. They have the right to refuse policies and coverage to people on certain medication including sleeping pills.
What companies offer home insurance in Columbia in South Carolina?
There are many places to look for home insurance in Columbia. These include: Home Insurance Columbia and Insurance Beaufort. These both offer policies for people living in Columbia.
What do life settlement companies do for their clients?
Life settlement companies help people to get out of life insurance policies that are under performing and not making enough money for the person investing in the policy.
How do life insurance companies make money?
Life insurance companies charge a premium to everyone who they provide insurance for based on the amount of coverage and the health of the buyer. The higher the amount of the worse the health, the higher the premium. These companies assume that only a few people out of the larger group will ever collect at one time, and therefore make money on all of the other people who do not ever collect.
How does someone else using your address for auto insurance affect you and your auto insurance?
Insurance companies use a service that helps them to identify possible unlisted drivers on insurance policies. It will bring up names of people who use this address or people you have listed on your prior policies and such. All that happens is that the company may ask you about such people and you just answer the questions as to whether or not the person lives in your house and or whether or not they drive your vehicles.
