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If we are talking a life insurance policy:
The first 2 years of premiums goes toward the administration of the policy, the policy's premiums are invested by an asset group within the insurance company, dependant on market conditions the terminal (final bonus added on claim) and reversionary bonus (yearly added bonus) rates vary.
The premiums paid into the policy do not accrue like it would in a bank account and therefore you are not guaranteed to receive back what you have paid in.
What else can I help you with?
What happens if you have a property policy for 500000 and the actual valueof the property is 800000 and a total loss occurs?
You would not be paid more than the limit on the policy you paid for.You would not be paid more than the limit on the policy you paid for.You would not be paid more than the limit on the policy you paid for.You would not be paid more than the limit on the policy you paid for.
What does underpaid mean?
you have been paid less than you were meant to be paid!
What is paid up value in a life insurance policy?
The paid up value of your life insurance is the point at which no further premiums have to be paid. It can occur either by paying all of the premiums in a lump sum or by paying all of the premiums due in instalments. The precise value of a paid up policy is a fanction of the face amount of the policy, less policy loans or accrued earnings, if applicable.
How much do people get paid in a sweatshop?
they get paid less than £/$1.50 a day
What is face value for life insurance?
Face value is the amount of life insurance that is stated on the front page (declarations) FACE of the policy. You might get paid less than that if you have policy loans. More if it's accidental death. Some policies pay dividends.
How much do women cricket players get paid?
Yes they get paid. Bit it is less than Men.
What is the difference between Franchise deductible amount threshold and annual aggregate according to insurance policies?
Let's say a policy has a 10% deductible. That means that losses less than 10% are not paid. Further, if a loss is greater than 10%, it is reduced by the amount of the deductible. (ie the insurer pays 15% if the loss is 25% of the limit) If a policy has a 10% franchise deductible, that means that losses less than 10% are not paid (same as above). However, if the loss is greater than 10%, it is as if the deductible did not exist. (ie the insurerer pays 25% if the loss is 25% of the limt).
What is the main reason that employers hired young boys and girls to work in factories and mines?
Employers paid children less than they paid adults
How do you account for an asset you paid less than its valued price?
Assets are recorded at the price that was paid (cost).
How much do you get paid for working on cars?
More than a penny and less than a trillion
HOW TO FIND OUT IF AN INSURANCE POLICY WAS PAID OUT?
You can contact the insurance company for a status paper of the policy to find out whether the policy was paid out or not.
Why do African Americans get paid less than others?
Is there any evidence they do?
