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What benefits does the owner have in a PNO policy?
what does PNO stand for on an insurance policy
What is the meaning of proposal or owner in insurance terminology?
Proposal is the terms of the contract. with the premiums and benefits defined. The owner is the person who buys the policy. The owner could also be the insured, but does not have to be.
How are life insurance beneficiary benefits distributed?
Depends on how the policy owner want the death benefits distributed. It usually even, but it has to add up to 100%.
Can you sell property and still have insurance on the property and collect on it?
The insurance policy will be transferred in the name of the new property owner and will be entitled to all benefits against the said policy.
What are the benefits of Assessment Insurance for a condo owner?
If you cannot occupy your unit based on a disaster, you are still required to pay your assessments. Carrying insurance to cover this event is a choice.
Can you get insurance Florida without a drivers lincence?
Yes. It is the vehicle that is being insured, NOT the owner. The owner's license status is irrelevant.
How does being a landlord affect home insurance?
Being a landlord dramatically affects that individual's home owner's insurance policy. By being a landlord this individual is taking on/assuming a drastic increase.
Can an LLC pay for one owner's health insurance and not the other owner's health insurance?
Yes, It is entirely possible that one owner may have contracted for benefits that another did not. It's quite common in situations where one owner or partner is more active in the business than another or brings a more valuable asset or skill set into the business.
What are the 2 benefits that customers can derive from a mobile phone?
Convenience and portability. Convenience - because the owner doesn't need to be in an office or at home to receive calls... Portability -because the handset will fit in a pocket or handbag.
As an owner of a life insurance policy can you change the beneficiary after the death of the insured?
Perhaps this question could be rephrased. The answer to the question as posed is: after the death of the insured, the policy becomes void, and the benefits payable. The simple answer is no, you as the owner can not change the beneficiary after the death of the insured (subject of insurance).
Can you deny the benefits of an insurance policy if you are the owner so the beneficiary can collect the proceeds of the policy tax free after the insured is deceased?
I assume you are talking about life insurance. As the policy owner, you have no right to benefits so there is nothing for you to do. Benefits are only payable to the beneficiary unless all beneficiaries are deceased prior to the insured then it would be paid to the estate of the beneficiary. The owner of the policy basically has control of the policy before the insured dies. They are the only one who can change address, payment method, beneficiary, etc. If the owner is not the insured then the owner is the only person who can make policy changes. The insured person has no control over the policy if a different person is the owner but after death the owner has no more rights. Also, all life insurance is tax free as long as you never deducted the premiums for tax purposes.
Do self employed people have to pay unemployment insurance?
No. Because the only people qualified to receive the benefits are the employees the owner hires. The owner is not eligible for unemployment.
