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What else can I help you with?
What happens at the end of a term life insurance policy?
At the end of a term life insurance policy, the coverage expires and the policyholder no longer has insurance protection.
Are health insurance companies responsible for illnesses diagnosed before policy expires?
Yes if the illness is covered on the plan policy but it will not be covered after the policy expires. Your question asks are health insurance companies "responsible" for illnesses diagnosed" before the policy expires. Actually they are not "responsible for the diagnosed illness. They are required to honor the details of the plan policy as to what they will cover for a treatment billed by a medical provider IF it is not an excluded treatment.
What is the monthly insurance?
A monthly Insurance Policy is a type of insurance policy that expires Every Month, there is no grace period.
If your driver's license expires will you still be covered under your auto insurance policy?
If your driver's license expires will you still be covered under your auto insurance policy?
Is a health insurance policy responsible for illnesses after policy expires?
No. Once the policy plan expires there is no more coverage for treatment of any disease.
What happens if your auto insurance expires?
Then you will have to get a new policy. Usually a company will automatically renew you. Sounds like the policy non-renewed due to non payment of premium.
What is the remaining balance on your car insurance policy?
The remaining balance on your car insurance policy is the amount of money you still owe for coverage until the policy expires.
What happens if your policy expires before you die?
If your policy is a term insurance plan, nothing happens. The coverage ends when you stop paying and there's no further benefits. It's similar to auto insurance. If your policy is a permanent plan with cash value, there may be income tax ramifications. If your cash in the plan grew, you may receive a form 1099 from the insurance company indicating a taxable gain. This growth in your cash value may not have been reportable income if the policy hadn't lapsed. If your policy expires before you do, there is no death benefit payable to the beneficiaries of the lapsed contract.
What benefit is paid if the insured dies after term insurance expires on an extended term insurance policy?
Once the term policy expires there is no further benefit owed to the owner/beneficiary of the policy. You have converted the whole/entire life policy into a term/temporary policy. The cash value was used to pay the premiums for the term policy. Therefore, there is no longer a cash value on your insurance policy. Once the temporary policy expires, a new policy or extension must have been in place before the insured's death to receive any benefit. This is one of the non-forfeiture options standard to insurance policies.
How are insurance companies funded?
Insurance companies' sources of funds are primarily policy premiums.
Why does fire insurance policy expires on the same date it was issued while motor insurance expires one day before the date it was issued?
12.01 am Standard time at the address of insured
If a life insurance policy owner dies what happens to the policy?
if the owner of a life insurance policy dies and the policy is on her son. What happens to the ppolicy and is it part of the estate.
