Search results
Results From The WOW.Com Content Network
Summary administration is an alternative to the often lengthy and expensive process of administering an estate through probate. It is a form of estate settlement that uses the small estate affidavit.
Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions.
Premium financing is the lending of funds to a person or company to cover the cost of an insurance premium.Premium finance loans are often provided by a third party finance entity known as a premium financing company; however insurance companies and insurance brokerages occasionally provide premium financing services through premium finance platforms.
Universal life insurance (often shortened to UL) is a type of cash value [1] life insurance, sold primarily in the United States.Under the terms of the policy, the excess of premium payments above the current cost of insurance is credited to the cash value of the policy, which is credited each month with interest.
A life insurance premium is the rate you pay for life insurance coverage. Life insurance premiums are determined using factors such as age, health, policy type and coverage limits.
ROP life insurance requires consistent on-time premium payments – one missed payment, and you’re out of both the coverage and any hope of that refund. If you cancel your ROP term policy early ...
In the insurance industry, gross premiums written is the sum of both direct premiums written (see next paragraph) and assumed premiums written, before deducting ceded reinsurance. Direct premiums written represents the premiums on all policies the company's insurance subsidiaries have issued during the year.
A small estate affidavit can allow an heir to claim bank accounts and … Continue reading → The post Filing a Small Estate Affidavit in Texas appeared first on SmartAsset Blog.