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What specific period of time does term life insurance provide protection for?
Term life insurance provides protection for a specific period of time, typically ranging from 10 to 30 years.
What is called reinsurance?
When we go for insurance , the insurance have a time period for which it will be valid. When we want to extend the time period of the insurance,we have to do reinsurance.
What is an insurance policy?
Insurance is purchased for a specific period of time, which is usually a month, a quarter, or a year. When the time period is over, the insurance will lapse unless you renew it by paying for another period of time.
What is an insurance policy renewal?
Insurance is purchased for a specific period of time, which is usually a month, a quarter, or a year. When the time period is over, the insurance will lapse unless you renew it by paying for another period of time.
What is the goal of term life insurance?
The goal of term life insurance is to provide the right amount of protection against the financial risks associated with death over a finite period of time and for the lowest possible price.
Which type of insurance coverage allows the insured insurance to purchase more insurance after a specified period of time?
term insurance
Which type of insurance coverage allows the insured to purchase more insurance after a specified period of time?
term insurance
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 a decreasing term life insurance policy?
A decreasing term life insurance policy is one that offers a steadily declinintg life insurance benefit as the years go by. This kind of policy is often called "mortgage protection" term life insurance and is often bought for a length of time that matches one's mortgage period.
If you lend your car to someone for a few months do they need insurance?
They really should have their own insurance if it will be a long period of time like a few months. However if they don't, your insurance will cover them if they only think the car was borrowed for a "short" period of time. If the period is long, your insurance company wants you to add them as a driver on your insurance which can raise your rates.
What is life insurance for a specified period of time called?
I think it is called cash value insurance
What are the requirements for Michigan car insurance?
In Michigan you are required to have auto insurance or face fines and jail time. You will need personal injury protection, property protection and residual bodily injury and property damage liability insurance.
