Cancelable Insurance

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Dictionary Says

Definition of 'Cancelable Insurance'

This is insurance that may be canceled, at any time, by the insured party or by the insurance company. Aside from life insurance, most insurance policies can easily be. If the insurer cancels the policy, it must first give notice and must also refund prepaid premium on a pro rata basis.
Investopedia Says

Investopedia explains 'Cancelable Insurance'

Before canceling an insurance policy, the insured party must make sure that he or she has replacement insurance coverage that is already confirmed. If there is no replacement coverage, the insured party can go completely uncovered for a period of time. One good reason for making certain of replacement coverage is that the insured party could face a situation in which certain medical conditions that developed during the prior health insurance coverage are excluded from coverage under the new insurance as "preexisting conditions." This is why it is essential to thoroughly research a new policy before the old one is canceled.
Search results for

'Cancelable Insurance'

  • The Disability Insurance Policy: Now In English

    http://www.investopedia.com/articles/pf/07/disability_insurance.asp
    ... Non-cancelable option: Renews your original policy without any increase in premiums
    until the age specified. Guaranteed renewable option: The insurance company ...

  • Variable Annuity Benefits: What The Fine Print Won't Tell You

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    ... Because sales of living benefit riders are profitable for insurance companies and
    generate ... is issued, and in some cases they are non-cancelable, which means ...

  • Uncovering Hidden Debt

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    ... deeper, and you will notice in the footnotes that Federal Express discloses $XX
    worth of non-cancelable operating leases ... Investing In Health Insurance Companies. ...

  • CFA Level 1 Study Guide - Liabilities - Capital And Operating ...

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    ... Formulas; Hedge Funds. Insurance; Investor Relations; Laws & Regulations; Mutual
    Funds; Real Estate; Statistics; Stocks; Taxes; Venture Capital. More News ». ...

  • CFA Level 1 Study Guide - Liabilities - Effects Of Capital Vs. ...

    http://www.investopedia.com/exam-guide/cfa-level-1/liabilities/capital-operating-leases-effects.asp
    ... Formulas; Hedge Funds. Insurance; Investor Relations; Laws & Regulations; Mutual
    Funds; Real Estate; Statistics; Stocks; Taxes; Venture Capital. More News ». ...

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