Meghan
|
Since you already had coverage, there shouldn't be a waiting period for coverage to be effective, but there may be limitations on certain types of death for a short period of time. Every company is different and your policy documents should tell you the details of your policy. |
|
ed
 |
Immediately, EXCEPT, for suicide, which usually carries a two year waiting period. If that occurs within two years, only the premiums are paid. |
|
Мőиeў«»$ħőτ
|
usually straight away, but alot of insurance companies have a waiting period for certain causes of death ie "accidental death only for the first 12 months" |
|
dj
|
Really depends on the company. I write for several different ones and they all have a little bit different rules. To be sure contact the company or agent. |
|
Brian A
 |
You should ask your insurance agent. You should probably wait at least a couple months after that before offing your husband. |
|
Challah back Girl...
|
I don't know - but judging by your other questions - I am a little nervous. LOL |
|
DMShaykz
|
Generally, if you paid the premium for the increased coverage, then you're covered for the new amount. But, you may want to check on it if you have not yet paid the difference in premiums yet, or if you're going to be billed for it. In some scenarios, the official request, when you agreed to the premium & coverage increases, covers you from that day; in other scenarios, it is when you have paid for said increases. |
|
mbrcatz
|
They'll give you the date it goes into effect. More than likely, you REQUESTED the increase last week . . . they'll send you a paper rider, saying "effective xyz date, the coverage is now $5" or some such. That's the date it goes into effect. |
|
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
