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It is, of course, very possible to turn the hands of time in insurance cases, but then, what happens when an insurance policy is backdated? We will find out in this guide, so tag along. What happens when an insurance policy is backdated? This simply means the date of coverage will be effective from earlier. … Read more
Getting through the processes of acquiring an insurance policy, especially for a very long time, one should know, can you take a life insurance policy out on anyone? This, will have a guide though, read on to understand how it works. But then, can you take a life insurance policy out on anyone? No, you … Read more
But then, what makes an insurance policy a unilateral contract? This may be because it will serve as a bind between the insurer and the insured. Maybe more to this? Let’s dig in. An insurance policy is a unilateral contract for the most part because only the insurer, the insurance company, is bound by a … Read more
True, there are elements of a policy, but then all of the following are elements of an insurance policy except? You’ll have to read on to find your answer. To get down to it, all of the following are elements of an insurance policy except which? One would first concur with the fact that claim … Read more
It will be of much curiosity all in at what point a whole life insurance policy endows. This may come with age restrictions or not. But first, are there any? Now, to the focus, at what point does a whole life insurance policy endow? This is usually at age 100, meaning the cash value equals … Read more
The running of a public liability insurance policy can be effective when every party is in agreement with every term and condition. But are they complex? Tag along to figure it all out. Now, to the term that hovers around a public liabitlity insurance policy, this protects businesses against financial losses occurring due to third-party … Read more
Regarding how to know when a term life insurance policy matures, this would be easy if you’re up to date with every detail needed to sail the surf of financing life. This guide has this; do well to read on. For how to know when a term life insurance policy matures, this is not mature … Read more
Following the dividends paid from a life insurance policy, it is obvious that the earnings can be kept wisely instead of carelessly furnishing in old age. To go about it? Please, tag along. When it has to do with the dividends paid from a life insurance policy, these are actually a portion of an insurer’s … Read more
To get to the buzz, how soon can i borrow from my life insurance policy? One can normally borrow against a life insurance policy once sufficient cash value has been accumulated, which would take a few years. This timeframe would depend upon the nature of the policy, premium payments, and so forth. Some whole life … Read more
Is it a myth that a life insurance policy would be considered a wagering contract without valid documentation, perhaps? It actually is, as every legal issue cannot help salvage any damage, should there be any. Tag along to understand more. But then is it possible that a life insurance policy would be considered a wagering … Read more