But unfortunately, money and the financial impact of our premiums are often the driving factor in decisions we make
as policy holders regarding the specifics of our auto insurance coverage.
Not exact matches
A prime benefit of the whole life cover is that it is
regarded as a permanent life insurance
policy, which is designed to provide the
policy holder with a lifetime coverage protection without any changes in the premium amount or the time period.
Under a guaranteed renewable insurance
policy the insurer is required to offer the
policy holder renewed coverage
as long
as they make payments of their premiums, but no specific warranty is given in
regard to the level of premium that customer may be charged.
Universal life insurance is more flexible than whole life,
as the
policy holder can alter the premium (based on certain guidelines)
regarding due date and the amount.
The company might
regard you
as a high risk
policy holder, and so your premiums might go up in order to protect the provider.