The phrase
"annual premium" refers to the amount of money you have to pay each year for insurance coverage. It's like an annual fee or cost that you need to pay in order to keep your insurance policy active and get the benefits or protection it offers.
Full definition
Those with limited payment protections, the high deductible F, K, L and N offer an
average annual premium of $ 1400.
Higher deductible policies come with lower
annual premiums in exchange for the higher out of pocket expenses.
This allows them to be more competitive
with annual premium charges while at the same time providing clients a sound financial structure which will lead to long term financial stability.
You can save up to 10 percent on
annual premiums by qualifying for any of the above mentioned discounts.
If you do not wish to pay the full
annual premium up front, there are several payment plans available.
Here we breakdown 10 year term life insurance policies and show you the average
annual premiums depending on your level of health and the amount of coverage you're interested in purchasing.
Paying 30 % of the
full annual premium as a deposit with your application, and the 70 % balance within 30 days of receiving your policy.
Here's a peek at the 10 largest auto insurer groups (as measured by
total annual premiums written in the state) and their respective complaint indices in 2012.
The excess, including interest earnings, makes up the deficiency of premiums in later years
when annual premium is not sufficient to pay annual cost of insurance.
This means, any term insurance plan with a
regular annual premium payment option doesn't offer the surrender value benefit.
Many consumers realize that filing an auto insurance claim will likely result in a
raised annual premium.
Additional influences on
annual premiums include the driver's age, gender, driving record, lifestyle and vehicle type, among other things.
In general, you can
expect annual premiums for small business commercial insurance to start in the $ 500 to $ 15,000 range.
This new initiative would permit customers to purchase insurance on a per mile basis, rather than a
fixed annual premium.
For example, some parents desire to pay a monthly or
annual premium so they know a set amount will be paid to their children upon their death.
Pay a deposit of 25 % of the
estimated annual premium up front, and the balance of the premium in 5 monthly installments.
So many people might think that 1 crore term itself is a kind of product with a
cheap annual premium.
Typically these policies have the
same annual premium for each and every year, even though the benefit decreases each year.
Here's
what annual premiums would look like for a male, age 65 with Type 2 diabetes applying for $ 100,000 / 10 - yr term life insurance.
The second way to pay is to put 40 % of the entire
annual premium down with your application, and pay the rest within 30 days of receiving your policy.
And,
choose annual premium payment option instead of monthly to save on your overall life insurance premium.
Shopping for an affordable policy may seem like a daunting task, but the payoff can be huge, sometimes reflected in hundreds of dollars in
annual premium savings.
Phrases with «annual premium»