It also means
the insurer have less money to deal with because they aren't working with the entire premium amount.
Not exact matches
Universal life insurance is similar to whole life insurance, but the premiums can be paid on a more flexible basis (overpay when you
have money on hand, pay
less when you don't) and cash value growth is not always guaranteed, as it may be tied to an index or simply the
insurer's investment performance.
Universal life insurance is similar to whole life insurance, but the premiums can be paid on a more flexible basis (overpay when you
have money on hand, pay
less when you don't) and cash value growth is not always guaranteed, as it may be tied to an index or simply the
insurer's investment performance.
Drivers with these characteristics
have been shown to - on average - cause fewer accidents, report fewer claims, and cost
insurers less money.
For example, a three year old computer
would not fetch much
money from an
insurer if the renter carried ACV coverage, but someone with full replacement protection
would get a check for the average cost of a new machine at current market prices,
less deductible.
Just like that anti theft device makes your car harder to steal and thus makes your
insurer less likely to
have to pay for a loss, airbags save
insurers money by saving lives and preventing serious injuries in auto accidents.