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What Happens if the Owner of a Life Insurance Policy Dies Before Insured? Ownership Clause is an insurance term applied in various insurance policies and contracts. But stick with us for more First, what happens if the owner of a life insurance policy dies before Insured? The ownership provision in a life insurance policy specifies … Read more

Is it Possible a Renewable Term Life Insurance Policy can be Renewed? This depends as it can provide financial safeguards in the years leading up to a significant personal milestone, such as marriage or having children, and after that, your coverage requirements might shift. But there’s more; just stay put to get the tricks.   … Read more

If you’re wondering which type of life insurance policy generates immediate cash, you have a few options. Single premium whole or universal life insurance policies are essentially the only options for life insurance with immediate cash value. But to start with, which type of life insurance generates immediate cash? Well, this policy builds cash value … Read more

Can You Take Out a Life Insurance Policy on Anyone? Well, it may or may not be possible to take out a life insurance policy on anyone, but then, there have to be valid reasons for this, as it has a process. What are they? Read on to figure it out. But then, is it … Read more

When it comes to a joint life insurance policy, this is beyond just a premium as it needs consents, agreement and probably a sign off. There is definitely more, tag along to get to it! A joint life insurance policy insures two people with a single policy and a single premium, typically at a lower … Read more

It is a certainty that the reinstatement provision in a health insurance policy is? Does this have a term, or rather a guide? Dig in, let’s figure! Now, to the fact that the reinstatement provision in a health insurance policy is more of a policyholder to regain coverage that has lapsed or been canceled, typically … Read more

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