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In regard to insurance terminology,

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Posted: Sat Sep 27, 2008 9:28 pm   Post subject: In regard to insurance terminology,   In regard to insurance terminology, what does the letters OPAI reepresent in life insurance terms? Thank you, Morris Bruce	MORRISBRUCE New member Joined: 27 Sep 2008 Posts: 1 1.30 Dollars($)
Posted: Sat Sep 27, 2008 11:27 pm   Post subject:    Option to Purchase Additional Insurance _________________ Life moves pretty fast. If you don't stop and look around once in a while, you could miss it. - Ferris Bueller	LifeIsGood Senior member Joined: 22 Sep 2008 Posts: 580 1.30 Dollars($)
Posted: Mon Sep 29, 2008 12:26 pm   Post subject:    The policy purchase option or the option to purchase additional insurance is a rider that makes the policy holder eligible for another life policy in the future without any further medical investigation. Hence, the premium amount may remain low, since the life policy premium rate increases with the age of the insured. This rider is introduced to ensure life coverage to the seniors, who may otherwise don't qualify for a life plan.	jeorge Senior member Joined: 07 Oct 2005 Posts: 808 132.58 Dollars($)

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