My mom told me roughly speaking a untried robustness insurance statute where on earth your children can stay on until they're 26?
does anyone know about this statute? if you do, can you tell me the specifics of it? similar to, if they can only stay on if they're a full-time student, if they hold a full-time job, etc.because i know back that you could stay on it until you're 19, or until you're 23 if you're a full-time student.
thanks!
Answers: Nope, it's not a statute.
Each insurance company is allowed to specify how long you can keep a kid on within. MOST of the time, it's until you turn 18, unless you're a full time student. If you're a full time student - either soaring school or college, or trade conservatory, whatever, most of them will hold you on until you're between 23 and 26. IT VARIES BY COMPANY, not by state. And it isn't a law.
Any law like that are roughly state-specific. You'll either own to let us know what state you live contained by to help steer you within the right direction, or just look it up on your state's Department of Insurance website.
Also keep hold of in mind that self-funded employer vigour insurance plans are not subject to state Department of Insurance laws, so they don't enjoy to follow those age requirements. Instead, they fall beneath the jurisdiction of the federal ERISA act. (Not sure what helpful of employer health plan your mom have, but I felt that you should at lowest possible be aware of that.)
Which Bajaj ULIP should i stir for?
Hi,I'm 25 yrs old,single.
i'm looking for an investement contained by bajaj ULIP for 20Thousand annual premium for insurance of 20 lac for 30yrs term as i dont want any occupancy plan.
can you please help of any plan which have least PAC and mortalility and other charges.i compared UNITGAIN PLUS GOLD next to NEW UNITGAIN PLUS and found NUG plus has smaller amount PAC and mortality charges than Gold plan
but NUG plus has be stopped for some IRDA norms.
An agent told me bajaj NUG plus have been replaced by NUG plan.
which plan should i stir for?
please help me
I'm looking int 20 yrs of investestment near 20k premium every year.
Answers: im not really sure. think you should budge with UGP gold ingots. ill obtain back to you.
Why does low credit score make your auto insurance higher?
Answers: A low credit score does not make your insurance costs higher per say. A low credit score simply does not give as much of a discount as a high credit score may.
Example: Without running credit report on our systems insurance costs would be say $1000 a year. With a low credit score it only discounts $150 a year making what you pay $850 per year. With a high credit score it could discount it $400 per year making your costs $600 a year. That "discount" takes into account the likelyhood that you will A. Be a constantly paying client B. If you take care of your finances, you take care of your belongings Home, Car, Jewelry etc. and C. In the case of an accident you are more likely to be able to pay the assigned deductibles.
These are not all of the factors that come with the package but gives a general idea and abit more of an explaination than the previous answers I have read.
Insurance companies say they see a direct correlation between people with low credit scores and claims.(not necessarily accidents)
The big problem here is there is no one to lobby for people with low credit scores while insurance companies have huge pockets and lobby groups.
Personally when I am driving I am not necessarily thinking about my bills? but whatever?
Same exact reason being 16 and male makes your auto insurance higher - the claims histories show that people with lower credit scores have more claims with higher payouts. They cost the insurance company more to insure. So they pay higher rates.
No one has done any studies about WHY people with lower credit scores have more claims. So anyone who says, "it's because you don't maintain your car" or "it's because you aren't responsible", or any of that, is just GUESSING. NO ONE KNOWS WHY. Heck, the insurance companies don't care why, all they need to do, is show the relationship between credit score and claims, and voila! that's all the justification they need to get it past a state insurance commissioner.