Mortality Insurance question

[wgc517]

Do All Insurance companies that sell mortality insurance require you to pay in full for the year or do some allow you to pay like your homeowners policies such as every 6 months.

[docjocoy]

My insurance co just this year has started a new billing procedure where you can pay all of it at once, or monthly.

[KBEquine]

Some companies might let you make payments, but generally they charge so much interest for the privilege you'd be better off putting it on a credit card. (And much better off paying upfront or self-insuring, depending on the value of the mare).

[FOS]

hi wgc517

Do All Insurance companies that sell mortality insurance require you to pay in full for the year or do some allow you to pay like your homeowners policies such as every 6 months.

Require?

Reality is...Rates and Premium payment(s) scheduling may vary significantly (for any number of reasons).

Most (if not all) Underwriters and Agents take into account/consideration history/experience(s) with a client/policy-holder, when it comes to rates (re coverages) and the possibility/availability of premium payment(s) scheduling.

You should be aware too (if you aren't already), that sometimes there are (agreed upon in advance) bonuses (if you will), usually in the form of premium refunds/credits, offered (to some clients) in the event there are no claims made/paid related to the specific policy terms/conditions/period...or whatever refund(s)/credit(s) criteria (which was agreed upon in advance) has been met/satisfied.

In a nut shell...in the world of equine insurances/coverages/agents/underwriters much can be (and often is) negotiated.

Respectfully