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Insurance
Can i pay an insurance premium and receive a bond(s) that way?
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- Join Date
- Jan 2005
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- 755
I am not sure I fully understand what you are asking. Bonds and insurance are not the same. However there are some similarities. Bonds do require an annual premium if that is what you are asking.
Let me know if that answers your question. If not, rephrase it and I will be happy to help.
- Unregistered Guest
bond payments
Do I need the whole amount on the bond to obtain it??
I.E $ 40,000 bond = $40,000 cash,or is it divided into 12,16 etc payments??
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- Join Date
- Jan 2005
- Posts
- 755
You will pay a premium, which is a percentage of the bond amount. Premiums must be paid in full and are billed in less than annual increments. For instance, if your $40,000 bond were at 1.5% you would pay $600 annually.
You can apply online for a free quote at any time.
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