answersLogoWhite

0

When a proposer lands up defaulting on his prm commitments due to what ever reasons he/she has, the Insurer uses this technical terminology (Reduced paid-up) to his good advantage to redefine the terms and conditions of the said Insurance contract. kishorekedilaya@Yahoo.com

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

Which type of insurance is reduced is reduced over the life of the policy?

decreasing term insurance


What happens to my paidup additional life insurance if I cash in my policy?

The paid up life would have it's extra cash value too, so if you cashed it in for the cash value, there would be no more paid up life either.


What is the formula of asset backing ratio?

Book Value of Shares divided by paidup Valur of Shares.


The face value of which type of insurance is reduced over the life of the policy-?

The decreasing term insurance has its face value reduced as the policy ages.


The face of which type of insurance is reduced over the life of the policy?

decreasing term insurance


The face value of which type of insurance is reduced over the life of the policy?

decreasing term insurance


Do employers offer AD&D insurance at a reduced rate?

Most employers do offer the option of purchasing Ad&D insurance at a reduced rate. Employers are capable of getting group rates on insurance. This reduces the cost.


What are Dividends that are used to purchase more fully paidup life insurance coverage?

Mutual insurance companies (companies owned by their policy holders) pay dividends. Some companies may allow you to elect to use the dividend to purchase a small amount (usually around 1-2K) of "paid-up" insurance instead of receiving a check. The paid-up insurance will never require another payment and (assuming it isn't "paid-up term ins.") will be in force for the rest of your life regardless of whether your original policy is in force.


Can a licensed insurance agent buy their own health and life insurance?

Yes and one of the benefits of buying insurance from the company you work for may be a reduced premium. == ==


How do you get your cell phone bill reduced?

get rid of the phone kill it if you have to but first get insurance on it


Dnc prices after a miscarriage?

The price of a DNC after a miscarriage will depend on if the woman has insurance or not. The price would be reduced if the procedure is covered by insurance,


What is a good insurance for a poor driver in CA?

In California, there is a statewide reduced liability insurance policy to help make insurance more affordable to those who are in poverty. You can find this policy at any insurance company.