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Has the policy been issued? Or, do you mean the payment with the application - conditional receipt? The conditional receipt explains the details. If policy issued, then immediately, as long as you are in the same health as when the application was made.

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17y ago

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How does mortgage insurance protect a homeowner?

Mortgage insurance protects a homeowner in one of two ways depending upon what type of insurance it is. Mortgage insurance is one of two types. Mortgage life insurance pays off the mortgage in the event of death. Payment protection covers job loss or disability of homeowner.


What parties are involved with dental insurance?

Generally, the parties would be the insurance company, the insured and the dentist. However, depending upon the nature of the policy, there may also be an entity, such as a third-party administrator that is responsible for pre-approving procedures and issuing payment to the provider.


What is the difference between annuity and life insurance?

An annuity is a financial product that provides regular payments over a set period of time, typically in retirement. Life insurance, on the other hand, provides a lump sum payment to beneficiaries upon the death of the insured person.


What is the voluntary life benefit and how does it work?

The voluntary life benefit is an optional insurance policy that provides a cash payment to the beneficiary upon the death of the insured person. The insured person pays premiums to maintain the policy, and in return, their beneficiary receives a lump sum payment if the insured person passes away.


Why should one get mortgage insurance protection?

Mortgage insurance protection comes in handy if you happen to lose your job or become disabled. If you die the insurance will pay off your mortgage as well. Basically it depends on how healthy you are and if you want the security of knowing your house will be taken care of if illness falls upon you. Mortgage insurance protection is not necessary.

Related Questions

Where could one get car insurance with a low down payment?

Car insurance companies do not require full payment upon acceptance. They do however ask for a down payment. If you go through a 3rd party you maybe able to get car insurance without a down payment.


What is the lowest monthly payment for USAA insurance?

USAA is an insurance company. Monthly payments are dependent upon the customer and the specific insurance plan that they have. The best thing to do is to visit the USAA website to get a personal quote.


When is payment due under cif shipment terms?

CIF stands for cost, insurance, and freight. Under CIF shipping terms, payment for products are paid upon delivery of goods.


How does mortgage insurance protect a homeowner?

Mortgage insurance protects a homeowner in one of two ways depending upon what type of insurance it is. Mortgage insurance is one of two types. Mortgage life insurance pays off the mortgage in the event of death. Payment protection covers job loss or disability of homeowner.


If you own a life insurance policy on your spouse and you die first do they become new owner?

== == I depends upon what her will says.


What would be the down payment of a 80000 dollar car if you have decent insurance and credit and all that?

The down payment will depend upon how much you want your payments to be. Most places like to see around 20%, which would be around $16,000.


If secondary agreed upon insurance is lower than the primary insurance agreed upon price which one can the provider bill the paitent?

Primary has to process and pay claims first then secondary will process and pay leftover expenses according to their policy provisions. The secondary sometimes excludes payment towards a primary policy deductible.


What parties are involved with dental insurance?

Generally, the parties would be the insurance company, the insured and the dentist. However, depending upon the nature of the policy, there may also be an entity, such as a third-party administrator that is responsible for pre-approving procedures and issuing payment to the provider.


What is the difference between annuity and life insurance?

An annuity is a financial product that provides regular payments over a set period of time, typically in retirement. Life insurance, on the other hand, provides a lump sum payment to beneficiaries upon the death of the insured person.


Which type of insurance is designed to replace the loss of income from a deceased family member?

Life insurance is designed to replace the loss of income from a deceased family member. It provides a lump sum payment to the beneficiaries upon the death of the insured person. This can help cover financial expenses and provide for the surviving family members.


What is advance payment upon delivery?

You pay in advance then it will be delivered!


What is the voluntary life benefit and how does it work?

The voluntary life benefit is an optional insurance policy that provides a cash payment to the beneficiary upon the death of the insured person. The insured person pays premiums to maintain the policy, and in return, their beneficiary receives a lump sum payment if the insured person passes away.