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Would a life insurance company cancel a policy if someone is unable to pay premiums that is in the hopital with terminal cancer in an unconcious state?
Wiki User
∙ 16y ago
Any life insurance policy can be cancelled by an insurance company for non-payment of premium. Check with the company to see if her policy contains a "waiver of premium" feature. If it does, she does not have to pay the premiums, and may even be entitled to a refund for premiums paid during her extended illness. Alternately, if her policy contains cash value or accumulated dividends, these may be used to pay premiums. Good luck
Wiki User
∙ 16y ago
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What rights do an employee have if their company deducted insurance premiums from their pay but failed to pay the insurance premiums to the insurance company and the insurance was canceled?
Seek an Attorney.
What is paid to the insurance company?
premiums
Where can I find information on life insurance premiums?
You can find information of life insurance premiums, and what their purposes are by asking your current insurance company provider for information on it.
Why does the insurance company get paid back the money Isn't that why we pay our premiums?
You pay premiums because insurance companies are a business and they are there to make a profit. Also, the premiums you pay go into a pool of money so the insurance company can pay out claims when necessary.
Can insurance company increase your premiums retroactive?
No, Insurance Company cannot increase premiums retroactive. It has to declare before hand from which date the increased rate of premium would be operational.
How do the premiums for The Hartford insurance compare to premiums for other providers?
Buying insurance can be a stressful activity. Comparing premiums is a great start to finding what is the righ company for you. The Hartford has much higher premiums compared to both State Farm and AAA. This is based on car insurance figures.
By how many ways I can pay my Insurance Premiums?
You can pay your insurance premiums in many ways. Usually, you can pay it with a company plan (if you work), through cash, or credit card.
Which insurance company offers the best motorcycle insurance and why?
Progressive Insurance Company is considered to be the best company from which to purchase motorcycle insurance. Progressive offers fast quotes and their premiums are considered to be very competitive.
What is uncollected premium?
Premiums not yet received by the insurance company. However, to carry the uncollected premiums as an asset on the insurance company's books, the premium must also be due. The due and uncollected premium asset can include premiums that are unpaid for upto 90 days (3 months).
How long does an insurance company bill you for an accident on your insurance policy?
Generally your premiums are increased for 5-7 years.
Will secondary insurance pay claim if primary insurance is provided by the same insurance company?
yes, they will treat it as if the primary was a different company. You pay two premiums. If they do not, contact the DOI.
What is difference services between TM Asia life insurance company and great eastern insurance company?
If you compare product to product, GE's premiums are higher
