Not exact matches
When you pay whole life insurance premiums, a portion goes towards paying the cost of insurance, some is put towards sales and administrative
fees, and the
rest of the money goes towards the
policy's cash value.
If you find a cheaper deal, provided you've not claimed, for a # 50ish admin
fee (factor that in) you can usually cancel your
policy and get the
rest of the year refunded.
In the first few years of your
policy, a very small percentage of your premium goes into the savings account while the
rest is used to pay for upfront costs like administrative
fees and the agent's commission.
Elis Gomer, barrister, St John's Buildings, said: «The idea that a significant increase in probate
fees should be used to cross-subsidise the
rest of the justice system was profoundly unfair and it is deeply troubling that the Ministry of Justice have indicated that they believe that this was not only appropriate but that it should be introduced despite the virtually unanimous condemnation of the
policy by professionals.
In the first few years of your
policy, a very small percentage of your premium goes into the savings account while the
rest is used to pay for upfront costs like administrative
fees and the agent's commission.
When you pay whole life insurance premiums, a portion goes towards paying the cost of insurance, some is put towards sales and administrative
fees, and the
rest of the money goes towards the
policy's cash value.