2007-02-22 05:31:28 · 4 answers · asked by vixi 1 in Business & Finance ➔ Insurance
No you can't get any premium back once you pay the annual premium. It is considered earned by the company because they were on the risk in the event you had a claim. If you didn't have a claim they get to keep all the money. You may be able to change to a monthly or quarterly premium if you can't afford to pay annual or you may be able to reduce the amount of your coverage to a premium you can afford.
2007-02-22 07:59:28 · answer #1 · answered by deep5223 4 · 0⤊ 0⤋
You will get back a certain amount of money from the amount of premium paid, after deducting the concerned Insurance Company's expenses.
2007-02-22 13:58:32 · answer #2 · answered by cabridog 4 · 0⤊ 0⤋
If it's life insurance, and the claim is denied, you get the premium back.
If it's not life insurance, and the claim isn't covered, you're SOL, call it tax for not understanding what is covered, and what isn't covered.
Read your policy, and know what you're buying. Insurance doesn't cover EVERYTHING, EVER. There are ALWAYS exclusions. Some things are NOT insurable.
2007-02-22 13:58:42 · answer #3 · answered by Anonymous 7 · 0⤊ 0⤋
No, but you can converted to more affordable plan.
Good luck and let me tell you nice to have health and life insurance.
2007-02-22 13:52:00 · answer #4 · answered by yolanta k 1 · 0⤊ 0⤋