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Earn +20 ptsQ: What is a regular insurance payment called?
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What is a payment for insurance called -?
A premium
A regular payment made to a person after they retire?
A regular payment made to a person after they retire is called a pension
Which term is defined as the payment an insured makes to the insurance company on a regular schedule?
premium
Insurance reimbursement or payment ia also called?
Indemnity
Which term is defined as the payment an insured makes to the insurance company on a regular schedual?
that is the insurance premium (can be monthly, quarterly, semi-annual or annual premium).
What insurance policy requires payment of premiums to be paid for a specific time period?
They are called 'Limited Payment Life Insurance Policy' where premium has to be paid for a specific time period.
What is the regular payment made to a person after he or she retires?
Social security
What is it called when a bill is submitted to insurance company for payment?
The term usually used is a "claim".
What is a regular repayment to reduce debt called?
payment greater than minimum due
When a borrower makes a regular monthly payment to their primary mortgage the amount of the payment that is applied by the lender to reduce the outstanding balance is called what?
PRINCIPAL :)
What are payment options for mercy insurance?
"There are a variety of payment options available for Mercy Insurance.
Can you receive life insurance payment if your in prison?
Yes. The beneficiary of a life insurance payment can always receive the payment regardless of where he or she is.
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