what is a tail premium policy?
450391
Upon termination of the policy, you may purchase a tail for protection against claims yet to be reported on incidents that occurred while insured
259869
Selling at a premium means that its market value is higher than par (or face) value.\nThat usually happens when the coupon rate is higher than the market yield to the same duration
793842
Well, it doesn't exactly work that way.  The life policies commonly sold to babies, that you pay on for their whole life, are called Whole Life policies.  They are usually a BAD buy.  It usually pays out $2,000 towards funeral benefits, and when they turn 18, you can increase the policy to $25,000 or so (with an increase in cost) without having to prove insurability. \n\nIt was a good deal for my brother, a type 1 diabetic, because that was the only way he'd get coverage except through an employer.  For the most part, however, it's a rotten deal.\n\nFor less than that, maybe $100 a year (2/3 the price) you can buy a 20 year term life insurance policy that will pay $100,000 upon death, you can renew that for another 20 years for about $125 a year.    Just make sure the policy you get is renewable and convertible.
392624
I'm always amazed reading answers from people who have no idea what they're talking about.\nIf you've had that policy for 20 years you'd be crazy to cash it in now.  You can never again buy a policy for what you are paying now because you are 20 years older.  It's good you have other insurances, but someday that term insurance is going to end.  The accidental insurance is only good while you're with that employer and if you die accidentally.  This policy will stay with you and the premium will never increase as long as you live.
245355
insurance coverage, 401K, possibly stocks
531245
if you were in an accident and either it was your fault or you had contributory negligence, and the company paid the other party, your premium might go up since a claim was paid that was your fault- your premium can only be raised upon the anniversary renewal date-not before-in texas that is-if it was contributory negligence of both parties involved- you might not have an increase- its all up to the policy underwriter on the case- if the co. pays out claims on your behalf they might need to rasie your premium so they can stay in business- i am a retired CFP & CPA-good luck to you....
861829
Over 50 plans are all well and good, however most do not offer full cover until you have been a Member for over 24 months. If you die before that time you only get your premiums back, not the life sum assured.\nCall a financial Adviser to ask about your own individual requirements. The first consultation is usually free and without obligation (they will tell you over the phone ). He /She may be able to suggest a better option as they can research the whole market not just one company. Good luck
245377
Whole Life Insurance - Life insurance that is kept in force for a person's whole life as long as the scheduled premiums are maintained. All Whole Life policies build up cash values. Most Whole Life policies are guaranteed as long as the scheduled premiums are maintained. The variable in a Whole life Policy is the dividend which could vary depending on how well the insurance is doing. If the company is doing well and the policies are not experiencing a higher mortality than projected, premiums are paid back to the policy holder in the form of dividends. Policyholders can use the cash from dividends in many ways. The three main uses are: it can be used to lower or vanish premiums, it can be used to purchase more insurance or it can be used to pay for term insurance. \n\nTerm Life Insurance - Protection during limited number of years; expiring without value if the insured survives the stated period, which may be one or more years but usually is five to twenty years, because such periods usually cover the needs for temporary protection.\n\nDisability Insurance - Insurance policy that pays benefits in the event that the policyholder becomes incapable of working.
179046
It depends on the type of policy and the terms and conditions of the policy.  I assume this is a life insurance policy and it would depend on 1) the term of the policy...has it expired and 2) any equity that was built up over the years in the policy.\n\nCheck with the company that issued it
767563
This is an excellent question! \n\n In America people are purchasing "Short Term" Policies are opening themselves up to a "world of problems".   You see in the United States we passed a law that enables employees be offered "Cobra" , Cobra is for your "protection".  Let me give you a couple of "What ifs"\na. I go work for ABC Corp. and call up a few "slick" agents who sell healthcare and they sell me a Short Term policy, sounds great!..11months into the policy the Doctor discovers a tumor in my body, and says it is Malignant- I have cancer.  So I call my short term company, and they say well your policy ends in 30days, I ask the company can I convert to a Permanente policy, and they say "NO", because of your medical conditions.\nb. Second Ex. I sign up with my employers plan, and I am diagnosed 11months into the plan with Cancer, and I decide to quite employment, I am offered Cobra!. So lets keep going, lets say I pay for Cobra for 18months (until it ends) and I am still having Chemotherapy, and thus un-insurable by health companies.  Here is the Good news!!!..I am eligible for HIPPA coverage !!!.."lifesaver"..any company offering health insurance will have to accept me into a HIPPA plan.  \n\nAs you can see the only way a person can take a risk with a short term policy if they can "See the future".. and if your crystal ball shows you not needing any health services over your lifetime, then just refuse coverage!..\n\nDo not trust any salesperson, read articles and do your research, Paul Zane's books are pretty good.
980436
The market risk premium is the same for every company. Usually between 4% and 7%. The beta changes to adjust for security risk.
209061
I would use derivatives as an insurance policy to have a good night sleep, because derivatives can limit your potential loss, although it does not come without a price (like insurance premium). For example, you invest in Google shares, but you're afraid that the stock price might suddenly go down. To hedge this risk, you buy a put option, which will give you the right to sell the stock at a predetermined price (so called strike price). So, you will limit the loss to a fixed %. The price you have to pay for it is the price of the put option. So, even if you buy "at the money" (strike=current stock price ) or "in the money" (strike > current price) put, you still can suffer a potential loss on your total investment, because you paid for the put. But you will know for sure the minimum return you will get. A combination of a put and a call, or shorting some of the derivatives will allow you to limit both upside and downside. A guaranteed no-loss investment will a have very limited upside potential. Why not to buy Government securities instead?\n\nIn your example you are asking for 45% annual return. Portfolio with such expected return will carry a lot of risk.
481464
I think you mean reinsurance.  \n\nReinsurance is an agreement whereby an insurance company transfers part or all of its risk of loss under insurance policies it writes by means of a separate contract or treaty with another insurance company.  It is a contract between two insurance companies.\n\nBasically, the insurance company gets insurance itself to lower its overall risk.  \n\nFor instance, many insurance companies would've gone bankrupt covering the massive losses from many natural disasters if they themselves did not spread some of the risk by obtaining reinsurance policies.\n\nWarren Buffett has made lots of money in the reinsurance industry.  His company, Berskshire Hathaway, owns General Re, a reinsurance company.
668795
I've written this kind of insurance for a few of my customers. Never anything as big though, stuff like an archery tournament where the prize was a truck. I work at an Independent Insurance Agency so I was able to shop around for the best deal, ended up purchasing a policy from Lloyds of London who will insure just about anything. Call a local Independent Agent and tell them what you need. You'll need to have details of the promotion and be able to give some kind of evidence as to the difficulty of winning the prize. For instance, on the archery tournament I had to get info on the length of the range, the size of the target, the type of bow involved and whether it was indoors or outdoors. Lloyds came back with a couple of stipulations: no mechanical sights to be allowed and no professional archers allowed, also the winner had to hit dead center, not just in the bull's eye circle. The odds were calculated at something like 1:1,000,000 that anyone would hit dead center, especially as it was an outdoor tournament. The premium for the policy was under $1000. SOMEONE HIT DEAD CENTER and the Ins Co had to pay out!\nGood Luck!
944565
Please!  Like comparing apples to  . . . orangutans.  \n\nBlanket is a PROPERTY option, where you have one limit covering all your "stuff" on a commercial policy, at multiple locations.  It's really good when you shift "stuff" from one location to another - like different stores.  \n\nUmbrella is a LIABILITY policy, which offers an additional amount, in $1,000,000 increments OVER an existing policy, such as general liability or auto policy, if someone sues you for an injury.  \n\nUmbrella policies are straight liability coverage - they will NOT increase your property limits.  \n\nA property policy (with or without blanket endorsement) pays the insured.  A liability policy (such as umbrella) pays a third party.  An insured will NEVER collect under the umbrella policy.
100000
Juevenile policies and executive compensation related policies.
512658
Since you have the policy only one year, there is probably no cash value in it. So, what you can do now is get term and see if you qualify for life insurance (which shouldn't be a problem). When you receive your term policy, you can cancel your VUL policy.\n\nWhat you will notice when you replace the VUL with term is the lower premiums. What I would do with the extra money is invest it into mutual funds.