Sentences with phrase «amount of a premium payment»

‡ ‡ There may be periods when Jackson restricts the amount of premium payments into, and the amount and frequency of transfers between, into and from, any fixed account option.

As the policy owner, you can vary the frequency and amount of premium payments and also increase or decrease the amount of the insurance to suit changes in your situation.

Universal life provides a death benefit, and cash value build up, however, these policies are more flexible than whole life, as the policyholder may (within certain guidelines) alter the timing and the amount of the premium payment.

The nice feature about Universal Life insurance is that it provides flexibility to the policy owner in regards to the timing and amount of premium payments.

You are given the freedom to change the timing and even the amount of your premium payments as the need arises.

But, what makes universal life flexible is the fact that the policyholder can adjust the frequency and the amount of premium payments — within certain guidelines — to better fit their needs.

With a whole life insurance plan, the amount of the policy's death benefit will remain the same, as will the amount of the premium payment.

I constructed a model of the shadow account to explain the details of the no - lapse guarantee, and I showed why a full understanding of the no - lapse guarantee is essential for making decisions about the timing and amount of premium payments going forward.

In addition, the amount of the premium payment is typically guaranteed — regardless of the increasing age of the insured, and / or whether the insured contracts any type of adverse health condition in the future.

These policies are considered to be highly flexible, with the policyholder being able to change the timing and the amount of the premium payment (based on certain guidelines).

Universal life insurance has some advantages such as the ability to cash out at any time and the ability to change amount of premium payments.

This is because each of the premium payments that are made is more than the amount of the premium payments on a straight life policy.

Be sure to check the data page or specifications page of your policy (usually page 3) to determine the amount of your premium payments and the period for which they are required to be paid.

As the policy owner, you can vary the frequency and amount of premium payments and also increase or decrease the amount of the insurance to suit changes in your situation.

The death benefit payable under the plan is equal to 2.5 times the amount of this premium payment.

As the name implies, the cost is insurance is the minimum amount of a premium payment required to keep the policy active.

The amount of coverage of a Navy Mutual insurance product depends on a few factors, such as your age at the time the policy is initiated, the amount of your premium payment, and the term of coverage.

Insurance carriers rate your risk of dying prematurely, thus resulting in the insurer having to pay the death benefit to your beneficiaries before you make a significant amount of premium payments.

Even if the investments perform poorly, you can still build up cash value in the account by increasing the amount of your premium payments,

Not exact matches

PruSecure, a single - premium FIA with a minimum premium payment amount of $ 25,000, offers five indexes from which to choose.

VUL allows flexible premium payments, allowing you to choose the amount and the frequency of your payments within certain limits.

If you are alive when the misstatement is discovered, the insurance company can adjust the amount of your future premiums and demand payment of the additional premiums you should have paid before the misstatement was discovered.

With that amount, you'd be short of the $ 40,000 (20 %) down payment required to eliminate mortgage insurance premiums.

Unless the amount of money you receive in dividends exceeds the amount you've paid in premiums, life insurance dividend payments are not taxable.

Borrowers make monthly payments into the impound account that amount to 1/12 of their total annual tax and insurance premium costs.

There is an upfront mortgage insurance premium (MIP) that equals 1.75 % of the loan amount, as well as an annual MIP that is typically paid 12 times per year as part of the monthly mortgage payment.

Low down payment programs — those with down payment requirements of as little as 3 percent — will require private mortgage insurance and have stricter credit requirements, whereas an FHA mortgage will require a minimum 3.5 percent down payment along with an upfront mortgage insurance premium or an annual premium of 0.70 percent to 0.85 percent depending on the amount and type of loan you have.

«This incentivises an early exit from the franchise as premium payments rise and the recent history of the company heightens concerns that this is a very real possibility, not least when the penalty for terminating the franchise is a fraction of these amounts,» shadow transport secretary Maria Eagle wrote in a letter to Greening yesterday.

After studying this chapter, you will be able to: Explain the basic nature of a joint stock company as a form of business organisation and the various kinds of companies based on liability of their members Describe the types of shares issued by a company Explain the accounting treatment of shares issued at par, at premium and at discount including oversubsription Outline the accounting for forfeiture of shares and reissue of forfeited shares under varying situations Workout the amounts to be transferred to capital reserve when forfeited shares are reissued; and prepare share forfeited account State the meaning of debenture and explain the difference between debentures and shares Describe various types of debentures; Record the journal entries for the issue of debentures at par, at a discount and at premium Explain the concept of debentures issued for consideration other than cash and the accounting thereof Explain the concept of issue of debentures as a collateral security and the accounting thereof Show the items relating to issue of debentures in company's balance sheet Describe the methods of writing - off discount / loss on issue of debentures Explain the methods of redemption of debentures and the accounting thereof Explain the concept of sinking fund, its use for redemption of debentures and the accounting thereof Topic List Features of a Company Kinds of Companies Share Capital of a Company Nature and Classes of Shares Issue of Shares Accounting Treatment Forfeiture of Shares Meaning of Debentures Types of Debentures Issue of Debentures Over Subscription Terms of Issue of Debentures Interest on Debentures Writing - off Discount / Loss on Issue of Debentures Redemption of Debentures Redemption by Payment in Lump Sum Sinking Fund Method

This inconsistency effectively precludes the financing of MI premiums into the loan amount, leading to higher monthly payments for borrowers.

The property settlement agreement should specify the policy death benefit amount, the type of life insurance policy, what the policy is intended to secure, and who make the premium payments.

If you elect our premium overdraft service, you will not be charged an NSF or overdraft fee unless payment of the item would cause you to exceed your credit limit on your line of credit and / or the amount in your savings account.

changes in the amount of rental payments to cover additional costs incurred by the landlord because of increases in property taxes, increases in utilities, and increases in property insurance premiums.

Private mortgage will require an initial premium payment of 0.5 percent to 1.0 percent of your mortgage amount plus an additional monthly fee depending on your loan's structure.

Another thing to consider is that a mortgage life insurance policy is often written as a decreasing term policy, so the death benefit decreases over time, (just as your mortgage payoff amount decreases as you pay your monthly mortgage payments), but the premium remains the same over the life of the policy.

Basically, your lender divides the total of your annual property taxes and insurance premium by 12 months and adds the amount to your mortgage payment.

Social Security keeps track of these payments and will issue a form 1099 - SSA in January to itemize the amount of your Medicare premiums over the last year.

Incidentally, FHA refinances are eligible for a refund of a portion of the original upfront mortgage premium; the amount of which depends on how long payments have been made.

FHA mortgage insurance costs can be lower than for MI premiums charged by private mortgage insurance companies, depending on your loan amount and the size of your down payment.

Part of the FHA mortgage insurance premium is paid up front as part of the mortgage amount; the remainder of the annual premium is pro-rated and added to monthly mortgage payments.

USDA requires a 2 % upfront premium, and a monthly payment of 0.5 % of the loan amount until you have 22 % equity in the property.

Servicing of loan entails collecting and processing the monthly mortgage payment that includes amounts for principal and interest on the loan; it also includes amounts for hazard insurance premiums and property taxes, which are maintained in custody accounts.

One change raises the annual insurance premium, paid monthly by the borrower, setting it at 0.85 percent to 0.9 percent of the loan balance, depending on the down payment or equity owned; the amount used to be 0.5 percent to 0.55 percent.

If your loan amount is $ 200,000, and your MMI premium rate is.50 %, your yearly premium would be $ 1000; your mortgage lender would divide this by 12 and add the resulting amount of $ 83.33 to your monthly payment.

For conventional mortgages, lenders usually require you to pay a mortgage insurance premium if your down payment is under 20 % of the total mortgage amount.

Death Benefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments received.

At time of issue you need to pay the insurance carrier an amount equal to the difference in price between the term policy and what the premium payments would have been had you bought a whole life policy in the first place.

As noted above, and like many mortgage - related things, your mortgage insurance premium is based upon several factors, including your credit score, the amount of your down payment as a percentage of the value of the home (LTV); your choice of mortgage product (fixed rate or adjustable rate — and how frequent the rate adjustment will be); the length of the term of your mortgage (15, 20, 25, 30 years), the amount of the mortgage and of course the level of coverage the investor requires for your kind of loan and borrower profile.

For instance the average borrower with a 30 - year fixed loan making a down payment of less than 5 % of the loan amount the annual mortgage insurance premium fee would be 1.2 % of the loan amount split between 12 monthly mortgage payments.

The annual mortgage insurance premium amount varies with the size of your down payment.