Category: Insurance tips Release Date: 2006-08-01
To buy life insurance, if you choose to pay the toll way is not a barge, but phased payments, then you should be in accordance with the contract agreement, to pay premiums on time shown with in order to ensure sustained and effective policy. But many people will raise a question: if the middle can not afford to pay the premium how to do? In fact, you do not worry, life insurance companies also give full consideration to this point, if we really able to come across the middle Contributions, you might consider taking the following methods:
1, using the amount paid by: In the insurance contract has a cash value of the case, then the cash value of the contract after deducting the non-payment of premiums and interest on borrowings and interest to the balance, as Yicijiaoqing all premiums, reduction in the same amount of insurance contract terms, so that policies remain in force.
2, handle extension insurance: do not change the original insurance amount only to shorten the period of insurance in order to accumulate cash value policies pay the premiums, so that the policy continued until the appropriate time.
3, using the suspension and reinstate. Allows the effectiveness of the suspension policy at this time, in case of accident insurance, life insurance companies would be irresponsible. However, within two years, you can still apply to life insurance companies Reinstatement.
4, automatic Dianjiao Premium: Contributions of the policy in phases, if more than the grace period has not paid, the insurance policy's cash value will be due Dianjiao premiums to maintain the validity of the contract.
5, surrender: that the insured requested cancel the contract. Pay the full amount the insured has more than two years of premiums, the insurance company refund the cash value of the contract; policyholders did not pay the full premiums for two years, the insurance company, after deduction of fees, refund of premiums.
Over whether the method can be used to provision shall prevail.
