What Life Insurance is And What It Does a Primer for Laymen And Students
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The policy must be assigned to the company as collateral for the loan.
244. Preliminary Term Insurance. The man who insures today may want his regular premium to fall due at a later date. In such a case the company may be willing to carry the risk temporarily at a term rate, with the understanding that at the expiration of such temporary period, the regular tabular premium for the permanent form selected shall become due.
129 245. Premium. The payment made by the Insured to the company. Sometim...es called a "deposit. " Insurance contracts are based on the assumption that the premium will be paid annually in advance. The company is willing, however, to receive payment in semi-annual or quarterly instalments, provided the policyholder is willing to pay a little more to cover interest, cost of collection, additional clerical work, etc. In such a case, the second semi-annual instalment, or the second, third and fourth quarterly in- stalments are called " deferred " premiums. If the Insured dies after paying the first semi-annual instalment, or after paying from one to three quarterly instalments, in any given year, the balance due for the balance of the year is deducted from the death claim.
What to read after What Life Insurance is And What It Does a Primer for Laymen And Students?
You can find similar books in the "Read Also" column, or choose other free books by William Alexander to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The policy must be assigned to the company as collateral for the loan.
244. Preliminary Term Insurance. The man who insures today may want his regular premium to fall due at a later date. In such a case the company may be willing to carry the risk temporarily at a term rate, with the understanding that at the expiration of such temporary period, the regular tabular premium for the permanent form selected shall become due.
129 245. Premium. The payment made by the Insured to the company. Sometim...es called a "deposit. " Insurance contracts are based on the assumption that the premium will be paid annually in advance. The company is willing, however, to receive payment in semi-annual or quarterly instalments, provided the policyholder is willing to pay a little more to cover interest, cost of collection, additional clerical work, etc. In such a case, the second semi-annual instalment, or the second, third and fourth quarterly in- stalments are called " deferred " premiums. If the Insured dies after paying the first semi-annual instalment, or after paying from one to three quarterly instalments, in any given year, the balance due for the balance of the year is deducted from the death claim.
What to read after What Life Insurance is And What It Does a Primer for Laymen And Students?
You can find similar books in the "Read Also" column, or choose other free books by William Alexander to read onlineMoreLess
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Guest 7 years ago
karl villanueva
Guest 7 years ago
This booked sucked, i'm suing the author.
Guest 7 years ago
why am i better then this book?
Guest 7 years ago
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