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The money paid for insurance is known as a premium. It is a regular payment made by the policyholder to the insurance company in exchange for coverage against specific risks, such as health, property damage, or liability. The premium amount can vary based on factors like the type of insurance, coverage level, and the insured individual's risk profile. Regular premium payments ensure that the policyholder remains covered for the duration of the insurance policy.
What else can I help you with?
Can you get money from your life insurance policy?
You can get money from life insurance in the form of maturity benefit and death benefit (the later being paid to the nominee).
Do you have to pay taxes on money borrowed against paid up life insurance?
Borrowed money is not taxable.
The amount of money paid to keep an insurance policy is force is the?
basic premium
Who do you contact to see if you can get money you paid for your sears life insurance?
Contact your state commissioners of insurance and ask them for a phone number of the insurance company. mcdlife.com
How do you get insurance money?
Insurance money is paid when you make a valid claim against the policy and can prove why the situation falls under the terms of the policy---whether it is Life Insurance, Car Insurance, Accident Insurance, Travel Insurance, etc. Call the Insurance Company for exact details.
If your car insurance carrier paid your medical bills after an accident and the at fault insurance company paid you can your insurance carrier come after you for the money?
yes and they usually do.
What is the taxability of insurance money?
This depends on the type of insurance money and who paid the premiums for the insurance for the insurance money that was received and what reason was the payments made. A LOT OF MISSING INFORMATION NOT INCLUDED IN THE ABOVE QUESTION.
Are private disability insurance benefits taxable?
Individual disability insurance benefits are not taxable, because the premiums are paid with after-tax money. The employer paid disability insurance policies have taxable benefits due to the fact that premiums are paid by the employer with pre-tax money.
Can you get money from your life insurance policy?
You can get money from life insurance in the form of maturity benefit and death benefit (the later being paid to the nominee).
Do you have to pay taxes on money borrowed against paid up life insurance?
Borrowed money is not taxable.
The amount of money paid to keep an insurance policy is force is the?
basic premium
Where that money goes that is paid for life insurance?
obama's pay check where else?!?!?!?
How does the insurance industry work?
Insurance works by collecting premiums from people who need to have coverage. This money is then paid out to people who have losses.
Who do you contact to see if you can get money you paid for your sears life insurance?
Contact your state commissioners of insurance and ask them for a phone number of the insurance company. mcdlife.com
How do you get insurance money?
Insurance money is paid when you make a valid claim against the policy and can prove why the situation falls under the terms of the policy---whether it is Life Insurance, Car Insurance, Accident Insurance, Travel Insurance, etc. Call the Insurance Company for exact details.
What is credit life insurance?
Joint credit life insurance is money paid to you or your spouse if either of your are ever arrested on drug charges.
What is an employee insurance participating plan?
An employee insurance participating plan is one where the employees of a certain company can put money into their insurance, regardless of how much is paid by the employer.
