What is a policyholder for insurance? A policyholder (or policy holder) is the person who owns the insurance policy. Policyholders affect how much the car insurance costs and, in most cases, the policyholder is the only person who can make changes to the policy. The policyholder is also the...
An insurance policy is a contract which outlines an insurer’s obligations to a premium-paying party, known as the policy holder. There are a great many different types of insurance, with health insurance, automobile insurance, life insurance, and homeowner’s insurance among the most common. No...
A certificate of insurance (COI) is a document issued by aninsurance companyorbroker. The COI verifies the existence of aninsurance policyand summarizes the key aspects and conditions of the policy. For example, a standard COI lists the policyholder’s name, the policy’s effective date, the ...
A coverage dispute is an argument over what an insurance policy actually covers. This can happen when an insured party files a claim for an incident that is not explicitly covered by the policy, when there is a conflict over the verbiage of the policy, when the insured has exceeded his pol...
Cash value life insurance is a form ofpermanent life insurance—lasting for the lifetime of the holder—that features a cash value savings component. The policyholder can use the cash value for many purposes, including borrowing or withdrawing cash from it, or using it to pay policy premiums....
What types of car insurance deductibles are there? Your auto insurance policy is a package of different coverage types. Some coverage types, like liability, may pay the other party for injuries and damages if you cause an accident. Other coverage types — such as comprehensive, collision, person...
If the person who died had Mortgage Protection Insurance/Life Assurance, you should contact the insurance provider. Money claimed under a Mortgage Protection Insurance/Life Assurance policy may repay some or all of the mortgage loan. If the mortgage loan is in the name of the deceased and anothe...
Common employee benefits can range from different insurance options to types of retirement plans. Some employees have the option of opening an HSA. What is an HSA? What is an HSA? An HSA, or health savings account, is a plan where individuals put aside pre-tax dollars to use on ...
Family insurance is a type of insurance policy that is used to provide coverage for a spouse or a child as well as the main...
3. Premiums: This is the amount required by the insurance company that the policy holder pay which is equivalent to the cost of the insurance charges as well as other expenses related with the policy. 4. Death Benefit Options: There are four classifications for death benefit options under uni...