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Why did my insurance company send me a check by mistake?

Your insurance company may have sent you a check by mistake due to an error in their system or a misunderstanding of your policy coverage. It's important to contact them to clarify the situation and return the check if necessary to avoid any potential issues in the future.


What is return of premium?

Return of premium life insurance is a type of term life insurance policy that returns the premiums paid for coverage if the insured party survives the policy's term.


Does homeowners insurance pay off your mortgage if you are sick and dying?

Homeowners insurance does not provide any coverage for paying the mortgage payment - it only covers damages to the house itself. For coverage to pay off the mortgage in case of illness, accident, or death, you need disability coverage and/or life insurance. Disability coverage will generally pay a monthly benefit for as long as you are unable to return to work due to injury or illness, while life insurance pays a lump sum to your beneficiary upon your death.


How do I obtain form 1095-A?

To obtain form 1095-A, you should contact the health insurance marketplace where you purchased your insurance plan. They will provide you with a copy of the form, which is used for reporting your health insurance coverage on your tax return.


What is the average return of premium life insurance?

Return-of-premium life insurance is like an ordinary life insurance policy, but payments made on premiums are returned to the insured individual if the policy ends and they are still alive. Thus, return-of-premium life insurance policies do not punish one for outliving their life insurance. The average such policy might cost 25% to 50% more in premiums, compared to an ordinary life insurance policy.

Related Questions

What is an allianz variable annuity?

Variable annuity is a life insurance plan where you make series of monthly payments or a lump sum. and in return the insurance company makes periodic payments to you immediately or in the near future.


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.


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 difference between a warranty and insurance?

the difference between a warranty and insurance, is a warranty is when you can return it to either get another or to just return it. insurance is when you have coverage over the object or living being.


Why did my insurance company send me a check by mistake?

Your insurance company may have sent you a check by mistake due to an error in their system or a misunderstanding of your policy coverage. It's important to contact them to clarify the situation and return the check if necessary to avoid any potential issues in the future.


What is return of premium?

Return of premium life insurance is a type of term life insurance policy that returns the premiums paid for coverage if the insured party survives the policy's term.


Are there any motorist insurance programs in Pennsylvania that I may apply for?

Simply stated, automobile insurance is a contract between you and your insurance company that protects you against financial loss if you are in an accident. Auto policies contain a variety of coverage's that can be purchased depending upon your needs and wants. You agree to pay the premium, and in return, the insurance company agrees to pay for certain expenses as defined in your policy. Having the right insurance coverage may prevent you from suffering a large financial loss in the event of an automobile accident.


I lost your inusrance qoute can you get a new one?

If you have lost insurance coverage by one company, you can likely replace it with a similar product from another company or by seeking competitive quotes from an insurance broker. Also, most states offer bare-bones automobile insurance for those who are unable to obtain it from traditional insurance companies. If you have obtained a quote from an insurance company and misplaced it, you can likely call the broker and ask for another copy or return to the website where you received the original quote.


What is a w-9 form?

The W-9 is an IRS Request For Taxpayer Identification Number form. A company making payments to a person/company may be required to file an IRS information return (such as a form 1099) about those payments. In order to complete that return, they need to know the recipients federal taxpayer number. So the company making the payments sends a W-9 to the person receiving the payments. That person completes the W-9 and returns it to the company.


How do you determine how much life insurance you need?

= To top it all, 5 yrs after you've fully paid, you may opt to get the the whole amount of your Insurance Coverage and the whole amount of premiums you've paid plus dividend it will earn, will be return to you = = (ROP: Return Of Premium . If you choose to get only the ROP and its earned dividend your full coverage will still earn interest and that you can live to your family. Please visit the Life Insurance web page and know the amount of Insurance Coverage you can get for a certain amount of premium. = = = = and = = after you get more than 1/2 of your coverage =


Does homeowners insurance pay off your mortgage if you are sick and dying?

Homeowners insurance does not provide any coverage for paying the mortgage payment - it only covers damages to the house itself. For coverage to pay off the mortgage in case of illness, accident, or death, you need disability coverage and/or life insurance. Disability coverage will generally pay a monthly benefit for as long as you are unable to return to work due to injury or illness, while life insurance pays a lump sum to your beneficiary upon your death.


How do I obtain form 1095-A?

To obtain form 1095-A, you should contact the health insurance marketplace where you purchased your insurance plan. They will provide you with a copy of the form, which is used for reporting your health insurance coverage on your tax return.