The benefit of term life insurance is that once the life insurance is completely paid off, then the monthly premium are paid off by the dividends. People can also borrow from their life insurance.
As long as you have the title that he signed off of it and you signed on and you have insurance on the vehicle it will be covered.
Unless you had insurance that covered the difference between what was owed and the value of the car--and paid it to the bank--you are still liable to pay off the loan. The amount you owe is not based on the relative state of the car.
If the car is paid off, then only liability insurance is needed. If it is not, then you will need a full insurance coverage plan.
You must have auto insurance before you drive the car off the dealer's lot.
no
Yes, if you are paying of a car loan, there is no penalty for paying over your monthly payment. However if your monthly car payment is on a lease agreement you will have to refer to the terms of your lease as to what is allowed.
Stolen car that claim was paid off by the insurance company. The car was later recovered. Because the claim was already paid the car is owned by the insurance company and they will typically sale these at auction.
To pay off debt yes, to make monthly payments no.
You need insurance the very moment you drive the car off the lot.
I have taken my caroff the road for the winter. Do I still need to pay insurance
Generally insurance companies don't really mind how you pay as long as you pay. That's a little of a joke. I own an independent agency and from my experience you probably would be better off setting up a monthly payment plan and then pay whatever amount you want when you wish. Each month they will bill you for a minimum payment but also list the balance and you will save the service charges if you pay it off early.