Sentences with phrase «additional amount of money added»
Terminal Bonuses: A discretional additional amount of money added to payments made at the due date of an insurance policy or on the death of an insured person.
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But wait, this calculator will even show you what will happen if you go one step further by adding an additional amount of money to the monthly amount you're currently paying.
* - Add more money - Make an additional deposit of any amount one time, any time during the term of the CD.
The bonuses are classified as • Reversionary Bonus: Additional money added to the amount payable on death or maturity of with - profits policy.
Not only does it cost you a tremendous amount of money in fees from your bank, but the insurance company could add additional processing fees as well.
Reversionary Bonus: Additional money added to the amount payable on death or maturity of with - profits policy.
Given such a schedule, one can determine how much additional money must be added to a fund each year so that the current insurance level, combined with the accumulated cash in the fund, exactly equals the original amount of insurance coverage.
Sum Assured: It is the basic amount of money the insurance company guarantees to pay, before adding any additional covers.