Does the word "Terms" refered to both benefits and premiums ?
Total Comments: 3
Posted: Fri Mar 13, 2009 08:54 am Post Subject:
Not so sure about the query. I think this question belongs to the life insurance forum.
Are you inquiring about term life policies? Please clarify.
~Jeremy
Posted: Fri Mar 13, 2009 11:39 am Post Subject:
Does the word "Terms" refered to both benefits and premiums ?
Well I guess it kind of could...the 'term' of coverage is the time you are insured under the policy...such as jan1 thru july 1 would be six month term...you would not have any of the benefits of coverage without paying the premium...term in general is (as I said) the 'amount of time' the policy is enforce and active (meaning premiums have been paid)..if you have a specific question about this and can break it down more perhaps we can be of greater assistance.
Posted: Fri Mar 13, 2009 02:13 pm Post Subject:
Hi,
I think whenever we're talking about the terms of a policy - we're clearly directing it both ways!
I guess it clearly signifies the stretch of time for which your policy conditions (those concerning your benefits as well as the payment procedures) would remain in force.
Posted: Fri Mar 13, 2009 08:54 am Post Subject:
Not so sure about the query. I think this question belongs to the life insurance forum.
Are you inquiring about term life policies? Please clarify.
~Jeremy
Posted: Fri Mar 13, 2009 11:39 am Post Subject:
Does the word "Terms" refered to both benefits and premiums ?
Well I guess it kind of could...the 'term' of coverage is the time you are insured under the policy...such as jan1 thru july 1 would be six month term...you would not have any of the benefits of coverage without paying the premium...term in general is (as I said) the 'amount of time' the policy is enforce and active (meaning premiums have been paid)..if you have a specific question about this and can break it down more perhaps we can be of greater assistance.Posted: Fri Mar 13, 2009 02:13 pm Post Subject:
Hi,
I think whenever we're talking about the terms of a policy - we're clearly directing it both ways!
I guess it clearly signifies the stretch of time for which your policy conditions (those concerning your benefits as well as the payment procedures) would remain in force.
Thanks, Barbwire
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