Sentences with phrase «only risk to the insurance company»

For example: if you had a $ 100,000 whole life insurance policy, and you had accumulated $ 15,000 in cash value, the only risk to the insurance company would be $ 85,000 (your $ 15,000 cash value deducted from the $ 100,000 coverage amount).

Not exact matches

According to Dynacare, it's now the only Canadian company that offers the full scope of services insurance companies need for risk assessments.

Excited by the discovery, Glickman presented the idea of callback to his bosses, only to be told that Amex had no interest in risking irritating Argentina's only phone company; it essentially regarded its outrageous phone bills as insurance that its telephone service would remain at least semireliable.

Comprising only five employees, Kinni's work force is not big enough to spread the cost risks that insurance companies calculate for a preexisting cancer case.

«The fact that there is another law on the books granting an exemption... to medical malpractice insurance companies from these stringent requirements not only puts medical liability policyholders at risk, but all New York residents and companies who purchase auto, home and business insurance coverage.»

Few companies sell independent flood insurance directly to consumers and they typically only offer the policies in specific, high - risk areas they have underwritten.

As a segregated fund contract, offered only by an insurance company, the built - in guarantees help manage risk and make it easier for your family or loved ones to benefit.

If you have been diagnosed with a life - threatening illness to include a form of cancer, heart disease, or any other high - risk condition, Banner Life is the only insurance company that offers MediGuide with all their insurance policies.

Insurance companies and the corporations, businesses and professionals they insure, pay for their mistakes only when compelled — and then only enough to avoid the risk of losing more at trial.

Because you are not submitting to an exam and providing your medical records, an insurance company is only willing to take on a certain amount of risk.

Unlike term life insurance, which only covers a policyholder for a certain number of years, universal life insurance continues to cover a person thought their entire life, even in those later years as he becomes a larger and larger investment risk for the company.

The insurance company is only trying to assess their risk as well.

But that's not the only risk to the life insurance company.

Viatical settlements are normally an option only available senior life insurance policyowners because the company will want to keep their risk to a minimum.

As alluded to above, these types of things not only make it a little harder to get coverage by limiting the companies who will offer you the best life insurance rates, you'll also likely pay higher premiums depending on the level of risk the insurer evaluates you at.

54 % of Canadians say their insurance company is their second most trusted source, only after a science or flood expert in their region, for information on how to reduce flood risk at home.

Vehicles aren't the only thing car insurance companies lump into groups to determine risk.

For example, if the insurance company actuaries review a certain area one year and determine it has a low - risk factor and only charge very minimal premiums that year, but then by the end of the year they see a rise in crime, a major disaster, high losses or claims payouts for unforeseen reasons, it may cause them to review their results and change the premium they will charge for that area in the new year.

It is important to note that this type of coverage is rather exclusive, for obvious reasons such as the potential for moral risk or hazard, insurers offer this coverage only to clients who meet insurance company underwriting criteria.

The real key to finding the carrier who will not only cover you (or your dependent) but also supply you with a premium is to to reasonable find out which of these companies provides high risk auto insurance after which compare their rates.

So as your total cost of insurance increases as you age, the company is only looking at the part of your policy that represents risk to the company.

If you've got a $ 500 deductible and it will only cost you $ 600 to get those cat scratches buffed off your hood and the paint touched up, it might be easier to simply come out of pocket for the additional $ 100 without involving your insurance company and risking a rate increase because you made a claim.

What this means to you is that some companies wish to only write standard (Healthy) insurance policies and there are a handful of other companies that want to write high risk life insurance policies.

The fact that the insurance company had only $ 899,000 «at risk» in the form of a death benefit it might have to pay — since the other $ 101,000 is already set aside as cash value reserves — means that the implicit cost of the death benefit in the 20th year is based only on $ 899,000, and not the full $ 1,000,000.

While you do not necessarily need a medical exam, only a thorough underwriting will truly be able to pin down which substandard rating you will be given, and if a life insurance company is willing to accept you as a risk.

Some insurance companies intentionally design term life insurance policies to have terrible conversion options by only offering an overpriced permanent policy which limits their exposure to future adverse risk.

Not only do the insurance companies see you as less risk and drop your premiums, but would - be crooks will see your system as a deterrent and choose to find someone else to rob.

Whatever is your way to buy an insurance plan, one thing I would like to tell you that please fill up the policy documents & forms yourself only with 100 % correct information, so that you can avoid the risk of policy claim rejection due to wrong data (Although you can file a complain against your insurance company if you have any issue with insurer).

The inverse is also true: insurance companies may feel you are a high - risk client if you have a bad (or even not - so - good) credit score, and this can affect not only the premium they offer you, but in some cases it can also affect whether or not they decide to insure you at all.

You don't want to be in a position where you have to collect a settlement from your insurance company for a claim only to find that you are not covered for a particular risk or that they have gone bust!

Insurance companies only access your record to verify information provided when shopping for insurance, and to assess the risk involved in providing you with Insurance companies only access your record to verify information provided when shopping for insurance, and to assess the risk involved in providing you with insurance, and to assess the risk involved in providing you with coverage.

The only difference is that your driving record will indicate to insurance companies that you are higher risk.

However, because you need an SR - 22 to legally drive, most insurance companies will only offer you high risk auto insurance premiums and costs for your coverage given your driving record.

In fact, most guaranteed issue life insurance policies will only provide up to about $ 25,000 dollars in coverage which will automatically limit an insurance company's exposure to risk.

Few companies sell independent flood insurance directly to consumers and they typically only offer the policies in specific, high - risk areas they have underwritten.

Having options is what allows us to not simply rely on ONE life insurance company providing us with the answer that we want, instead, we can shop our «higher risk» applicants with multiple companies simultaneously so that not only do we have a better chance of getting them APPROVED for life insurance, we also have a better chance of getting them an AWESOME rate!

Which often leaves you with the only option to buy car insurance through a high - risk insurance company.

State law typically restricts car insurance companies to factoring only the past 5 years of a driver's record into his risk profile.

There are even companies that only provide insurance to the «high risk» category.

Effective Coverage is the only full service insurance company dedicated to meeting the needs of renters, and focuses on both insuring renters and helping them to reduce their risk.

Under type I ULIP, since the insurance company only needs to pay the higher of fund value and sum assured, the sum - at - risk goes down as the fund value grows.

For these things, you may be able to purchase rider policies, but some regions are only able to get high risk coverage through special companies or government monitored insurance pools.

Also, Farmers Auto Insurance Company is the only one that uses a Risk Assessment Indicator which makes it possible for them to predict how much a potential consumer would be worth.