what is the meaning of terms

Message Author
ampm-bookmark
delicious-small Add to del.icio.us
yahoomyweb-small Add to YahooMyWeb
simpy-small Add to Simpy
blinklist-small Add to BlinkList
PostPosted: Fri Mar 13, 2009 7:52 am   Post subject: what is the meaning of terms  

Does the word "Terms" refered to both benefits and premiums ?
neetharodrigo
New member
Leave a quick message


Joined: 13 Mar 2009
Posts: 2


1.47 Dollars($)

PostPosted: Fri Mar 13, 2009 8:54 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
JeremyHolter
Senior member
Leave a quick message

Jeremy Holter
Joined: 06 Jun 2007
Posts: 1194


210.30 Dollars($)

PostPosted: Fri Mar 13, 2009 11:39 am   Post subject:   

Quote:
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.
_________________
"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr.
Lori
Moderator
Leave a quick message

Lori
Joined: 10 Sep 2007
Posts: 8173

Location: Missouri
287.90 Dollars($)

PostPosted: Fri Mar 13, 2009 2:13 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

_________________
Register Now to have your Insurance queries solved.
Barbwire
Guest






Quick Reply
Your Name
Subject
Message body
All times are GMT
Page 1 of 1


Get Free Auto Insurance Quote
*State:

Ask Community Experts

flash plugin

Quick Links
Must See
Community
Insurance on Facebook
Hot topics in forums

Latest in blogs



Page loaded in 0.207 seconds.