answersLogoWhite

0

What else can I help you with?

Continue Learning about Finance

How does progress payments effect the projected cash flow?

Progress payments can show a shortfall in projected cash flow. This is because the company is making payments at intervals prior to having the project in place to provide cash inflow.


What are deferred payments?

Putting off payments until the end of a loan or to be paid over the course of the remainder of the loan. This will not effect the balance of the loan but there may be fees for not paying on time.


If you fail to pay credit card payments on time how long will the missed payments be reported on your credit report?

Seven years. However, they will have less effect as time goes by. For example, late payments over a year old do not harm your credit as much as late payments from last month. Late payments over 2 years old are generally ignored.


How does your credit rate effect your mortgage rate?

The higher your credit score, the lower your payments. The lower your credit score, the higher your payments. The analogy above shows how your credit rate affects you mortgage rate.


When is insurance contract perfected?

I assume that you are asking when the policy goes into effect. The answer depends upon the nature of the authority that the insurer has given the agent. Many agents have "binding authority", which means that once the application is completed and the first premium paid, insurance goes into effect for a stated period of time. The agent will give you a receipt, called a "binder" which is essentially a temporary policy of insurance. In the case of auto insurance, assuming that the breadth of the coverage satisfies the law, you may generally use it to prove compliance with financial responsibility laws. If the agent does not have binding authority, such as in the case of many life/health agents, the coverage does not go into effect until the risk has gone through a process called "underwriting". This is a process done internally by the insurer to ensure that you (the risk) meets its underwriting criteria.

Related Questions

What is special about a universal insurance?

Universal life insurance is special in that it allows the policy owner to alter the time period and amount of premium payments as well as the death benefit and you can do this while the policy is in effect. However the altered payments must be with limitations of the company you are getting the insurance through.


What is The dollar amount you have to pay before an insurance plan takes effect and the insurance company starts paying called?

deductible


When does long term care insurance begin?

Long term care insurance typically begins once the policy is in effect, which is usually after the premium payments have been made and the policy has been issued. The specific start date can vary depending on the insurance company and the terms of the policy, so it's important to check the policy documentation or consult with the insurance provider for the exact details.


Are monthly payments more for a 20 year term life insurance policy from Mutual of Omaha more than for a 10 year policy?

Yes, monthly payments are more for a 20 year term life insurance policy than for a 10 year policy. This is usually the case for all forms of insurance since the insurance company is in effect taking on more risk by insuring you for a longer period of time when injury and health problems could arise.


Is the mortgage on a house pay off upon death?

No. Not unless there was some type of insurance in place to that effect, either mortgage insurance of a life insurance policy.No. Not unless there was some type of insurance in place to that effect, either mortgage insurance of a life insurance policy.No. Not unless there was some type of insurance in place to that effect, either mortgage insurance of a life insurance policy.No. Not unless there was some type of insurance in place to that effect, either mortgage insurance of a life insurance policy.


What do taxes and transfer payments act as?

Multiplier Effect


Does flipping houses effect social security payments?

No. Social security payments are based entirely on wages earned.


Which of these was not the effect of the payments made by conquered territories?

decrease in taxes


Will a disability affect my insurance quote Where can I get valid insurance for a disabled California driver?

In California a disability will not effect your insurance quote but if you are in southern state like Florida a disability will effect you insurance quote.


Does a passenger open container affect insurance rates?

It depends on who got the ticket. If the ticket was issued to the driver it will effect his insurance but if it was issued to the passenger then it will only effect his insurance.


Effect of persistent deficit in balance of payments?

A persistent deficit in the balance of payments leads to an individual not paying their way. Society as a whole can get into a deficit when many people are defaulting on payments.


Does workman comp settlement effect disability payments in Iowa?

In Australia it can.