Insurance Quotes
Age
Most insurance companies calculate age by using the age you are nearest to. Example: Insured is 45 and it is January, and the insured's birthday is in March. If the insurance company was calculating age nearest, the insured would be considered age 46 for the purpose of calculating rates.
Credit Insurance
Insurance on a debtor in favor of a creditor to pay off the balance due on a loan in the event of the death of the debtor.
Insurance
A formal social device for reducing risk by transferring the risks of several individual entities to an insurer. The insurer agrees, for a consideration, to pay for the loss in the amount specified in the contract.
Level Term Insurance
A type of term policy where the face value remains the same from the effective date until the expiration date. In the context of the policies presented by Instant Quote, it would also mean a period of time the premiums would remain level. For example, the 5, 10, 15, 20, and lifetime term. However, after the level premium period most policies turn into Annual Renewable Term where the premiums increase annually.
Premium
The price of insurance protection for a specified risk for a specified period of time.
Most insurance companies calculate age by using the age you are nearest to. Example: Insured is 45 and it is January, and the insured's birthday is in March. If the insurance company was calculating age nearest, the insured would be considered age 46 for the purpose of calculating rates.
Credit Insurance
Insurance on a debtor in favor of a creditor to pay off the balance due on a loan in the event of the death of the debtor.
Insurance
A formal social device for reducing risk by transferring the risks of several individual entities to an insurer. The insurer agrees, for a consideration, to pay for the loss in the amount specified in the contract.
Level Term Insurance
A type of term policy where the face value remains the same from the effective date until the expiration date. In the context of the policies presented by Instant Quote, it would also mean a period of time the premiums would remain level. For example, the 5, 10, 15, 20, and lifetime term. However, after the level premium period most policies turn into Annual Renewable Term where the premiums increase annually.
Premium
The price of insurance protection for a specified risk for a specified period of time.