 Scamming insurance? |
| I bought a house and was convinced by the realtor to purchase a so called "Appliances Insurance". Five months later, water heater gone bad, called the insurance company. They were very ... |
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 Insurance deductible, can I get out of paying for being hit while legally parked? |
| My parked car was hit by a van being guided by an unlicensed/uninsured driver. I am now facing a $1000 deductible, though I have liability/comprehensive coverage through AIG. Perfect driving record ... |
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 Hi. I am a student. I don't work. My health insurance is gunna run out? |
I am going to need medication, I won't have health insurance. I am addicted to the medication. The medication is too much money ($180 for a month, plus doctors fees). What do I do?
... |
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 Uninsured friend driving my car and accident happend, what happens now? |
| We were driving on highway and all of a suddent the truck ahead of us stoped because the car infront of this truck was going at a speed of 10 because she was playing with her phone (that is what the ... |
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 Can I sue the insuance company? |
| I got the shaft from some one who hit me in the rear who had insurance. They said I changed lanes quickly and then hit my brakes. It is true I changed lanes but it was a good five seconds later after ... |
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 Insurance price.? |
how much would insurance cost for a 16 year old buy. like on average?
Additional Details
health ... |
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 Holiday Insurance for the terminally ill? |
Does anyone know if it is possible to get this and roughly how much it would be? Many thanks.
Additional Details
This is for my Mum who has cancer by the way.... |
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 10 grand hospital bill....what now? |
| So I had health insurance, but forgot to pay on time one month. They cancelled my policy, and I called them and asked to be reinstated. I eventually got re-instated, but the time in between I had a ... |
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 Help! Is this wrong? |
| My husband and I were buying a home contract for deed. While living there we had to carry home owners insurance. In our contract it stated that the seller must cut down a tree that was in the front ... |
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 Cheating insurance? |
| i have insurance on theft. for example.. someone steals something from my house and my insurance will cover it... what if... i sell my computer ($1000) and a bunch of jewlery and stuff and then at ... |
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 Is it o.k to purchase life insurance on your parents without them bieng offended? |
| I have been contemplating the idea of purchasing a life insurance policy on my parents, because they both are about 62 years old and I know that eventually as much I would never want it to happen ... |
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 Identity question? |
i went to the bank with my mom to deposit my check. suddenly, i couldn't find my state ID and social security card. i probably dropped it by accident. is my identity at risk?
i am 16.... |
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jane | How to terminate my insurance policy? |
i've 2 policy insurance, life policy & investing policy. now i have finance problem, i really cannot afford the premium. so i want to terminate either one of these 2 policy. if i terminated it, can i get all back my premium that i've paid during this few years? |
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mermaid
 |
There are a few options for you. You can stopped paying the premuims and let the cash values in it to "help" you to pay for the time being. ( provided there are cash value in it ) the other way is to reduce the sum assurred to the premiums which u can afford now. Terminating your policies is your last source. Just inform the agent or the company will do. Getting the premium back after terminating your policies will depend on how many years you have bought your policies. No payments for the first 3 yrs usually. |
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JasonLee
 |
For both policies you have to write in to the insurance companies to terminate the policies. If both of the policies are <5yrs old then you not get back much.
A whole life policy does not have premium holidays so you need to pay premium no matter what. Insurance company will allow you to borrow money from them to pay the premium but the interest rate is very high so find other means. The surrender value is very low too.
If your investment policy is an ILP, you can go for premium holiday depending on the value of yr investments. A premium holidays allows you to not pay the premium for a year.
You really should get yr insurance agent to re-assess yr financial situation and needs before you decide to terminate them. There are other options available and maybe can restructure yr policies. I don't have enough info so can't give you better advice. Best if I take a look at them and then advise you accordingly. Email me if you are keen. |
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Atypical Marvel
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Well call them up tell them you want to cancel and do what ever else they ask ..... STOP PAYING THEM! They will cancel it, I betcha...lol
Forget about getting any money back..... |
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Tan D
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You can surrender your policy anytime. The money you get back will depend on the existence "cash vaule" of your policy. Normally investing policy will have higher cash value. But you will no be able to get back the premium paid if you did not hold the policy long enough. Normally for life policy, you will need about 10 years to break even. Investing policy will depend on the market. If it's a regular investing policy, for first 3 years, you probably have only very low cash value. |
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nkasoff
|
Premiums on a term life policy are not refundable. Some of your premiums on a whole life policy may be refundable, as that policy has a cash value. You won't get it all back, though.
To cancel, contact the insurance company that issued the policy, or the agent from whom you bought it. |
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C R
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All policies have a cancellation provision which explains what you need to do. Most companies require you to return the policy and request the cancellation in writing.
Once a policy is issued, you owe a minimum premium, at least, to cover the period for which you had the coverage and/or the cost of issuing the policy. |
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tigertiggerii
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Call the insurance company or your agent. You will not get your money back unless you have some cash value. |
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Barry
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Don`t pay the monthly premium , it will get cancelled without any futher info: from you .............. |
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jimdan2000
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you can call them up and cancel it. No they will not give you any of your premium back. |
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Ivy
|
You should call your insurance company.
They are the ones that can answer your questions. |
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light bulb
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You may have enough cash value to continue coverage for awhile. Until you get out of the jam. The term life won't do this but the investing policy probably will. You can request the premium to be paid out of this cash value. You don't want to be completely uncovered. Things happen. |
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