If you are appointed as the beneficiary on an insurance policy, does that...
No, you do not have power of attorney if you are appointed as the beneficiary on an insurance policy. They are two entirely separate things, power of attorney constitutes that one is incapable of...
View ArticleIs there any way I can negotiate my premium?
In insurance the amount of premium is the consideration of the contract. This is depends upon the risk and the sum assured. *In case of life insurance the premium will be decided by the actuary, who...
View ArticleWhat is an earned premium?
Earned premium is the portion of the premium charge that is applicable to the fraction of the policy period that has been over and done by now. Earned premium is that piece of an insurance premium...
View ArticleIf I am the policyholder, can my spouse go in and change it without my consent?
If I am the policy holder, can my spouse go in and change it without my consent? Having worked with insurance for a number of years, the simple answer to this question is NO. The only person who can...
View ArticleIs it mandatory to get life insurance?
It is never mandatory for anyone to get life insurance through any company, although it is important and a safe method for everyone to have. Life insurance is the type of life insurance you pay over...
View ArticleCan anyone cancel my insurance policy even though I am the policyholder?
No, only the policy holder can cancel the policy. Now if you have a joint policy with your spouse, then you spouse can add things and drop things to your policy, put they will still need to okay it...
View ArticleWho is the policyholder?
Policyholder is the person or an organizer who holds the insurance policy. The owner of the insurance policy is called the policy holder. The policy holder is the person who is being insured. The...
View ArticleHow important is it that you have an insurance agent that lives in the same...
It is important to have insurance agent who lives in the same town. Since we put insurance with an expectation on high returns at long term. Instead of saving money some are interested in saving their...
View ArticleIs the policyholder the only person allowed to file a claim?
What a good topic to write on. I am happy to share my views on this topic in which I am familiar with. The answer to your question would be both yes and a no. I believe all the bloggers who have some...
View ArticleHow many policyholders are there on one insurance policy?
It depends upon the earning of the policy holder if the person is able buy more insurance policy means he can hold the insurance policy and if you are holding the insurance policy means you have to say...
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