Posted by Deborah G. Bragg 2 years ago In:

premiums

I recently purchased 4 policies: my 2 daughters ...

I recently purchased 4 policies: my 2 daughters (Tonya Lowery and Tomica Bragg) and my parents (Zack Terry and Phyllis Terry). The premium notices were sent to the insured instead of to me, the one that is to pay the premium. All of them were notified and permission was given to issue the policies because they either had no insurance or not enough. Now the premiums are past due. What am I supposed to do now?

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Answers

BG Answered:

You should really not purchase insurance for children!! UNLESS they are making tons of money and you need to insure their life.....why did you insure children? for what reason???

If they are now past due, you need to immediately contact the agent or company and just give them the correct mailing address for where the premium notices are to go...

Also, I hope these are term insurance policies, the best and least expensive way to go!!

Sorry to sound so nasty, but I feel very strongly about this sort of thing!!

So.......contact the agent/company, give them the correct address to mail the premium notices to, and if you do not have term insurance, change it over!! You will save a lot of money........and oh yes, I'm still curious as to why you would want to insure minors!!!