payment for insurance is called what ?

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payment for insurance is called what ?

2007-03-02 08:30:58 · 3 answers · asked by Anonymous in Business & Finance ➔ Insurance

3 answers

A premium.

2007-03-02 08:36:26 · answer #1 · answered by devilgal031948 4 · 1⤊ 0⤋

A viatical settlement allows you to invest in another person's life insurance policy. With a viatical settlement, you purchase the policy (or part of it) at a price that is less than the death benefit of the policy. When the seller dies, you collect the death benefit.

2007-03-02 22:31:13 · answer #2 · answered by Venita Peyton 6 · 0⤊ 0⤋

Can be a premium or a liability.

2007-03-02 18:46:44 · answer #3 · answered by The Rabbi 5 · 0⤊ 0⤋