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It is usually the most expensive healthcare choice but offers the most flexibility.

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15y ago

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Which of these statements describes the elements of a traditional fee for service health insurance plan?

It is usually the most expensive heathcare choice but offers the most flexibility =]---emmy g


Difference between traditional life insurance and ULIP policy?

Traditional life insurance gives less return but ULIP may gives high return. Traditional life insurance has no risk factor and ULIP has risk factor.


What is Insurance statements?

Your question is unclear because there are various types of insurance statements. For an insurer, the monthly statements denote the premia received and claims paid, where for the insured it specifies upto date premia paid, FUP if any in brief the present status of the policy in question.


Is esure insurance generally more economical than traditional insurance companies?

Esure provides cheaper insurance premiums than traditional insurance companies. When you insured by Esure you get benefits such as a free courtesy car and a first-rate service.


How can you find out if my grandmother had life insurance for me?

Its best to ask your grandmother, if possible. If your grandmother is no longer living, you may want to ask your parents if all of your grand-mother's insurance policies have been found and checked. If your parents are not sure where to look, you may want to ask them (if they have legal right) to look at your grandmother's bank statements. The bank statements may show payments to insurance companies and one of those may be a policy on you.


What statements describes a situation in which people have to pay a deductible?

A deductible is the amount an insured person must pay out of pocket before their insurance coverage kicks in. For example, if someone has a health insurance plan with a $1,000 deductible, they must cover the first $1,000 of their medical expenses themselves before the insurance company starts to pay for any additional costs. This situation often arises in medical treatment, auto insurance claims, or homeowners insurance, where individuals are responsible for a specified amount before benefits are activated.


What is a trem that best describes life insurance?

"With Life, Even After Life".


What is the term that describes the amount you pay to have insurance each month?

Interest.


What term describes the amount you pay to have insurance each month?

Premium


What term describes the amount you pay on each insurance claim you have?

deductible


What are the key differences between VNB and traditional insurance products?

Variable universal life insurance (VUL) and traditional insurance products differ mainly in their investment component. VUL policies allow policyholders to invest in separate accounts, offering potential for higher returns but also higher risk. Traditional insurance products, on the other hand, do not have an investment component and provide guaranteed benefits.


When was Solo auto insurance founded?

Solo Auto Insurance is an independent auto insurance agency that represents multiple carriers. They offer vehicle insurance and personal insurance. There is no information online that describes when the company was founded.