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What else can I help you with?
What happens at the end of a term life insurance policy?
At the end of a term life insurance policy, the coverage expires and the policyholder no longer has insurance protection.
Does homeowners insurance cover a home business?
Homeowners insurance typically does not cover a home business. Additional insurance, such as a business owner's policy or a commercial insurance policy, may be needed to protect a home-based business.
Using the policy dividends as a single premium to buy additional life insurance is called?
The term you are looking for is "paid-up additions" or "paid-up additional life insurance"
What are the disadvantages of a Modified whole life insurance policy?
A major disadvantage of a modified whole life insurance policy is that you can never change the face value on your policy. Additional coverage would require the purchase of an another policy. Also the growth potential on your policy is limited.
What is a single pay whole life insurance policy?
A single pay whole life insurance policy is a permanent life insurance policy that requires a one time payment/premium. The policy is guaranteed to stay in force until age 121 (in USA) and no additional premiums need to be paid.
If a life insurance policy owner dies what happens to the policy?
if the owner of a life insurance policy dies and the policy is on her son. What happens to the ppolicy and is it part of the estate.
What happens if you are named a benificiary in an insurance policy but the will says different?
The will has no relationship to the insurance policy. The Policy is a contract between the insurance company and the insured and does not become a part of the estate.
What happens at the end of a term life insurance policy?
At the end of a term life insurance policy, the coverage expires and the policyholder no longer has insurance protection.
What is paid up contract in Insurance?
A paid-up policy is a whole life insurance policy for which no additional premium / payments are required to keep it in force.
Can you borrow on a life insurance policy if you already have a loan on that same policy?
If the policy has additional cash value, an additional loan is usally permitted, up to a certain % of the total cash value.
Why might a medical assistant purchase a professional liability insurance policy separate from the employer's policy?
In order to provide themselves with additional (supplemental) coverage in case the employers insurance policy is insufficient. When the assistant wants an additional layer of coverage beyond the limits provided by the employers policy.
What is Supplemental Insurance?
Supplemental insurance is an additional insurance which provides coverage in excess of your primary insurance policy. For example, Flood Insurance is a supplemental insurance to your homeowners policy which does not cover damage from floods. Or, you might have an Umbrella Liability policy which provides coverage to a higher dollar limit above your auto policy or business policy.
Should a cosigner be named as additional insured on auto insurance policy?
Yes
If insurance policy states one beeficary what happens with multiple people on a will?
Benefits paid from an insurance policy are separate from property that is left in a will. With an insurance policy, it is paid to the named beneficiary. That is not controlled by the wording of a will.
What happens when your car insurance is cancelled by the insurance company?
What happens is that you get a new insurance policy, possibly with another insurer. Any unearned premium will be returned to you by your insurer.
Does homeowners insurance cover a home business?
Homeowners insurance typically does not cover a home business. Additional insurance, such as a business owner's policy or a commercial insurance policy, may be needed to protect a home-based business.
What happens when your homeowners insurance gets cancelled?
Most people just buy another insurance policy somewhere else. That is usually what happens.
