Backdating to save age speed dating bristol university

Posted by / 07-Aug-2016 02:28

Backdating to save age

We need to give you the best advice regarding the selection of a policy date so that you don’t end up paying more than you have to for your coverage.We also need to inform the insurance company regarding what our expectations are with respect to the issue date so that was can avoid unexpected price variations due to age changes which happen during the underwriting process.Backdating Life Insurance Policies What you pay for a life insurance policy is based in part of your age at the date of issue.The insurer will either use your actual age or the age you are nearest to based on the birthday you’re closest to.

To illustrate, let’s look at an example: I have a client who is a 33 year old female. We expect her health rating to be “Preferred” for a

To illustrate, let’s look at an example: I have a client who is a 33 year old female. We expect her health rating to be “Preferred” for a $1,000,000 Twenty-year Term Plan.

Suppose you bought a policy on 5th August 2013 but end up realizing later; had you purchased the policy two months earlier, you could have got it at better premium rates. You can request your insurer to change the official start date to 4th June 2013.

This back-date policy will reduce the premium liability for the insured during the policy tenure.

You get a year older six months before your actual birthday.

Each year you wait to buy insurance, the premium rises a little.

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To illustrate, let’s look at an example: I have a client who is a 33 year old female. We expect her health rating to be “Preferred” for a $1,000,000 Twenty-year Term Plan.Suppose you bought a policy on 5th August 2013 but end up realizing later; had you purchased the policy two months earlier, you could have got it at better premium rates. You can request your insurer to change the official start date to 4th June 2013.This back-date policy will reduce the premium liability for the insured during the policy tenure.You get a year older six months before your actual birthday.Each year you wait to buy insurance, the premium rises a little.

,000,000 Twenty-year Term Plan.Suppose you bought a policy on 5th August 2013 but end up realizing later; had you purchased the policy two months earlier, you could have got it at better premium rates. You can request your insurer to change the official start date to 4th June 2013.This back-date policy will reduce the premium liability for the insured during the policy tenure.You get a year older six months before your actual birthday.Each year you wait to buy insurance, the premium rises a little.

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If you could do this, nobody would ever buy car insurance until after an accident happened.