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What is the difference between guaranteed basis and non-guaranteed basis life insurance?
Take a look at the illustrations - they should have a "caveat" similar to this. Guaranteed Contract The guaranteed Accumulated Value is equal to the net amount of premiums accumulated Values and Benefits: at the minimum guaranteed interest rate of 2.00% for ten years since receipt of premium and 3.00% thereafter. The Withdrawal Value is equal to the Accumulated Value, less any applicable Withdrawal Charges. Non-Guaranteed Contract Values and Benefit: The non-guaranteed portion of the illustration assumes higher interest rates than guaranteed. Each premium payment assumes interest is credited at 3.50% (with an interest rate bonus of 3.75% that will be credited for the first year only). This is not likely to occur. Actual results may be more or less favorable than those illustrated. Interest rates illustrated will not be less than the Minimum Guaranteed Interest Rate at any given duration. The non-guaranteed Accumulated Value is equal to the net amount of premiums accumulated at the interest rates described. The Withdrawal Value is equal to the Accumulated Value, less any applicable Withdrawal Charges.
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What policies does GAP Insurance offer?
GAP Insurance is not a specific company. GAP or Guaranteed Auto Protection is a type of insurance that covers the difference between the cash value of a vehicle and the balance still owed on financing for that vehicle.
What is the difference between guaranteed basis and current basis insurance?
Guaranteed basis insurance provides a fixed monetary benefit to the insured regardless of the actual expenses incurred, while current basis insurance adjusts the benefit amount based on the actual expenses. Guaranteed basis insurance offers a predictable payout, whereas current basis insurance offers more flexibility but the benefit amount may vary.
What is the difference between motor insurance and marine insurance?
difference of motor and marine insurance
Difference between h03 and h05 home owners insurance?
Difference between h03 and h05 home owners insurance?
What is the difference between a warranty and insurance?
the difference between a warranty and insurance, is a warranty is when you can return it to either get another or to just return it. insurance is when you have coverage over the object or living being.
What is the difference between variable life insurance and traditional life insurance?
Variable is a scurity and has risk. Whole life is all guaranteed. If you are considering between the two you should be sitting down with an agent that is a Registered Rep and licensed to sell securities! This is never something that should be done on your own or over the internet!
Does Saga Life Insurance offer guaranteed life insurance?
Yes, Saga Insurance has guaranteed life insurance policies. You must live in the U.K. and they specialize in covering people between 50 and 85. When you visit their Website and you click insurance you may not see the guarantee life policy options. You will have to click on the small word "Home" under the word Saga and then run your pointer over "Insurance" next the word Saga, when you do this a bunch of insurance options will show up then click "Guaranteed Life Insurance" and you will find all you need to know about their services. Or go to saga.co.uk/money/guaranteed-life-insurance.aspx
What is the difference between insurer and insurance company?
Nothing
What is the difference between a Proposer and the Insured?
the difference between a proposer and the insured is that a proposer is a person or an entity who is seeking insurance and an insuerd is someone or an entity covered by an insurance policy
What is the difference between Non Trucking Liability insurance and Bobtail Insurance?
your not covered for damages
What is the difference between indirect and direct quote life insurance?
The difference between indirect and direct quote life insurance is that the insurance level will differ. Direct is when someone dies, indirect involves other factors.
What is the difference between home owners insurance and hazard insurance?
Homeowners insurance is often referred to as Hazard Insurance. They are the same thing.
