how does cover continous option works in life insurance option
Total Comments: 1
Posted: Wed Jun 09, 2010 12:39 pm Post Subject:
Well this 'continuous cover' thing is somewhat associated with your coverage tenure and your premium costs. Suppose you have insurance now, and you've decided to pay a visit to your native place in a different land.
You lose your coverage while you're on your tour, and then when you come back you apply for the same coverage - your policy features might remain the same this time, while the premiums may vary. Your insurer will accept this application as a fresh policy request and therefore a fresh risk.
Your premium costs would differ with your chances of acquiring a new health condition while you're on your visit without the needed coverage.
Posted: Wed Jun 09, 2010 12:39 pm Post Subject:
Well this 'continuous cover' thing is somewhat associated with your coverage tenure and your premium costs. Suppose you have insurance now, and you've decided to pay a visit to your native place in a different land.
You lose your coverage while you're on your tour, and then when you come back you apply for the same coverage - your policy features might remain the same this time, while the premiums may vary. Your insurer will accept this application as a fresh policy request and therefore a fresh risk.
Your premium costs would differ with your chances of acquiring a new health condition while you're on your visit without the needed coverage.
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