Depends on insurance.
If you die a life insurance policy pays an amount of money to a person you name. You have to pay premiums otherwise your life insurance will automatically lapse after 30 days.
No, your mortgage typically does not cover your insurance payments. Insurance payments are separate from your mortgage and are usually paid directly by you to the insurance company.
"Stonebridge Insurance Company offers different types of life insurance policy, from accidental life to regular life insurance. You can base your payments by what you can afford by a simple quote."
No, extra payments do not automatically go to the principal balance. Some lenders may apply extra payments towards future payments or interest first. It's important to check with your lender to understand how they apply extra payments.
Yes, Mortgage Insurance Premiums Payments do have to be es-crowed by the lender.
no only licensenced staff can accepted payments
Knowing how much auto insurance coverage is needed can save drivers on auto insurance fees in the long-run. Different states require different coverage amounts in areas such as medical expenses. Most insurance providers will automatically default to amounts at or above these minimums when providing insurance quotes. Whether or not drivers own or make payments on their vehicles also makes a difference on the amount of coverage required. Vehicles owned outright have more insurance options available for their drivers than vehicles still owned by the bank. Drivers can begin with the minimum coverage required and add on to that minimum as they deem necessary.
Not enough information is given. The insurance is going to have to in the same name as the name of the owner on the loan papers. Who it is that actually MAKES the payments is immaterial to the insuror or the lender, just so long as the insurance policy is current.
annuity
income taxes ? no insurance payments are exempt
because it is....
If you own your car or house and are no longer making payments, should you still have insurance on them? Explain why or why not.