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What else can I help you with?
What do you mean by the term impacts?
For me impacts is anything that affect me or change me in positive way or negative way.
What is the Difference between poly outputs and policy impacts?
Poly outputs refer to the specific results or products generated by a policy, such as reports, statistical data, or other tangible deliverables. In contrast, policy impacts refer to the broader effects or changes that result from implementing a policy, including social, economic, or environmental outcomes. Essentially, poly outputs are the immediate outputs produced, while policy impacts reflect the longer-term consequences of those outputs on society.
What does the term renewable mean?
It means the term policy can be renewed without having to provide proof of insurability.
What does 5 million each occurrence and in the aggregate mean?
The Aggregate coverage is the maximum the policy will pay out in any given policy term. .
What does the term life mean?
Term life is a temporary life insurance policy. It is called term life insurance because it is purchased only for a temporary period of term, anywhere between 5 to 30 years. During the term period, a term life policy guarantees a certain amount of death benefits to the beneficiary, tax free, in the event of the policy holder's death. The most popular term life policy is level term life insurance where the premiums remain level throughout your term period.
Can you convert a term life policy into a whole life policy?
Unlikely as the term polcy is for specific termand whole life pays out on death. The actuaries who set the premiums at the outset of the policy use mortality rates when the policy is taken out. To convert to a whole life policy would mean ia complete reevaluation which is not cost effective for the insurer. You could make term policy paid up and take out whole life policy but its best to take independent advice.
Who are benefits of a life insurance policy paid to if the insured survives the term?
In a term policy if you outlive the term of your policy, no benefits are paid. For example, if you buy a 20 year term life insurance policy, and you are alive at the end of the policy, no death benefit is paid out. -ex
What is convertible term insurance?
A term policy that can be converted to a whole life (or other) policy.
What was the Coventry blitz short term impacts?
this is gay
When is a policy paid out?
a policy can be paid out upon death of the life insured, maturity (if the policy has a term and is with profit) or via cash surrender (for a lower value) as long as the policy is with profit and is not a assurance term policy
What is an endorsement to a insurance short term policy?
It amends the policy
What does -What if your Current Policy in Force mean?
The term "in force" means the policy premiums have been paid up to date, and that if the person who is insured dies, the ins company will pay the death benefit.
