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Group life premiums are generally paid by the employer, or the owner of the master policy (business owner, Association, Fraternal organization, etc).
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∙ 10y ago
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What type of life insurance pays a dividend?
Group life assurance
Who pays the premiums after life insurance is assigned?
If ownership of the policy is assigned, the assignee is liable for future premium payments.
What terms is the amount you or your employer pays in exchange for insurance coverage?
It is called a premium.
What is the meaning of insurer in life insurance?
The one who pays the money for policy or who pays the premium of the policy is called proposer
What best describes term life insuranceA The insured is covered during his or her entire lifetimeB The insured pays the premium until his or her death?
Which of the following best describes term life insurance?A. The insured is covered during his or her entire lifetime.B. The insured pays the premium until his or her death.C. The insured pays a premium for a specified number of years.D. The insured can borrow or collect the cash value of the policy.
What is the difference between life insurance premium and non life insurance premium?
Life insurance pays a death benefit when the insured party dies and the money can be given to his or her friends, family or next of kin. Non Life Insurance covers objects for theft or damages including home, property and cars.
What is the amount you or your employer pays in exchange for insurance coverage called?
The term is "premium".
If my employer pays the premium for an insurance policy for me is it taxable?
Yes, the benefits are taxable.
Which term refers to the amount you or your employer pays in exchange for insurance coverage?
Premium a+
Who pays for the physical that is required by a life insurance company?
Life Insurance Company
Who pays for the funeral if the person has life insurance?
The insurance company.
Which of these is the best description of whole life insurance?
Term life insurance is temporary life insurance that provides coverage for a specific number of years.If you outlive the term of your policy, the coverage expires.Term life insurance is pure protection because no cash value builds within the policy, there is only life insurance protection, no investment.A+ purchased for a certain time period with a specific premium cost
