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What else can I help you with?
Do life insurance policies accrue interest?
Whole life insurance can accrue interest. However, look at the charges associated with that type of insurance, and your outcome may be less.
What type of insurance is required for a personal loan?
The type of insurance required for a personal loan is typically called "credit life insurance" or "payment protection insurance." This insurance helps cover the loan payments in case the borrower is unable to make them due to certain circumstances like death, disability, or involuntary unemployment.
Can variable universal life insurance be converted into a fixed account?
Variable universal life insurance is not an account. It is a policy that invests in separate accounts in an attempt to earn higher returns than a fixed policy. A variable universal life insurance policy can be converted into a different type of life insurance policy but not a different kind of account.
Do I have to pay mortgage insurance?
Whether or not you have to pay mortgage insurance depends on the type of loan you have and the amount of your down payment. If you have a conventional loan and put down less than 20 of the home's value, you will likely be required to pay mortgage insurance. However, if you have an FHA loan, mortgage insurance is typically required regardless of your down payment amount.
What is a revenue account?
A revenue account is a type of account that shows a company's income from the sale of its goods and services. It also shows all the expenses associated with those items.
Match each fee or payment with the type of account or insurance?
Non-sufficient funds fee: Checking account; Cash advance fee: Credit card; Co-pay: Health insurance; Interest payment: Mortgage
Which type of insurance does not build a cash value for insured?
Limited payment life insurance
Which type of insurance is sometimes used to guarantee the payment of mortgage in case the insurance died?
decreasing term insurance...
What type of account is insurance expense?
liability
With which type of account is a minimum balance fee associated?
Checking account
What type of policy is a certainty that the insurance company will have to make payment?
None.
Which type of insurance is sometimes used to guarantee the payment of a mortgage in case the insured died?
decreasing term insurance...
What type of account is Prepaid Insurance?
Prepaid insurance is personal nature of account and amount in it is shown as current asset in balance sheet.
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 payment?
Whole Life, Universal Life, as well as Annuities can be used for this purpose.
What is a 401 unauthorized type of bank account?
A 401 unauthorized type of bank account is a bank account that is not insured by the FDIC. Which is the Federal Deposit Insurance, which is an insurance company that guarantees that if the bank goes under you will still be able to access any money that was deposited into the account.
What type of payment displays the customers routing number and account number?
the answer is checks. (APEX)
