Definition of "Flexible funding"

Jo Mullins real estate agent
Jo Mullins, Real Estate Agent Century 21 J. Carter & Company

Arrangement whereby the insured pays the insurance company a relatively small monthly premium payment. In exchange for this premium payment, the insurance company processes and pays claims from a fund owned and maintained by the insured. Should the claims exceed a stipulated limit, the insurance company pays the excess amount of claims.

 

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