Sentences with phrase «amount of premium required»

With other types of policies, variations in dividend payments (which can be used to pay against premium), cash value, and costs of insurance in the case of universal life policies can all create variability with the amount of premium required to keep the policy in force and the ultimate death benefit.

The target premium is the minimum amount of premium required to keep the death benefit in force.

Risk Class — The insurance company evaluates the applicant to determine the amount of premium required to cover the risk the insurance company assumes when the policy is issued.

For nine years» term, a minimum of Rs 35000 must be insured, whereas, for 12 years» and 15 years» terms, Rs 50000 and Rs 70000 are the minimum amount of premiums required, respectively.

Not exact matches

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

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.

De Blasio could easily have paid for the $ 340 million pre-K expansion in the program's first year, and most of the ongoing cost in subsequent years, by requiring teachers and other city workers and retirees to contribute 10 percent to their health insurance premiums (amounting to nearly $ 550 million, according to the Independent Budget Office).

Allows a direct loan or loan guarantee applicant to propose, and requires DOT to accept as a basis for determining the amount of a credit risk premium any of the following in addition to the value of any tangible asset:

Maybe a small amount of truth in that, but not enough to «require» premium fuel.

The mortgage insurance premium is based on loan - to - value ratio, type of loan, and amount of coverage required by the lender.

Sure, you can opt for the minimum amount of coverage your state requires, but insurers are still going to consider all that other stuff we mentioned earlier when setting your 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.

For further more accurate results and estimating the premiums you would need to pay for your required amount of cover, you can also use term insurance calculators that are easily available online.

In these policies you are required to pay a specific amount of premium regularly towards the premium for a defined period of time.

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.

In addition, there is an upfront mortgage insurance premium (UFMIP) required for FHA loans equal to 1.75 % of the loan amount.

Lower deductibles will require you to pay more for premiums, but you can determine the amount of deductible at the time you purchase your policy.

Colonial Penn's term and whole life insurance products don't require a medical exam and have a maximum death benefit of $ 50,000, meaning you'll typically pay higher premiums and won't be able to purchase a greater amount of coverage should your financial needs change.

Even if your policy's cash value is zero, your coverage will continue as long as the total amount of premiums paid has met the cumulative minimum required premium test.

The few checking accounts that do earn interest are usually premium accounts that require large amounts of money to open or to waive the account fees charged by the bank each month.

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.

While FHA lenders and FHA itself have tightened guidelines for borrowers, the FHA has also increased the amount of mortgage insurance borrowers must pay and extended the length of time the insurance premiums are required.

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.

Because of this, your home insurance premiums and limits will be driven largely by the amount of hazard coverage your home requires.

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.

Premiums are based on the amount and terms of the mortgage and will vary according to loan - to - value ratio, type of loan, and amount of coverage required by the mortgage company.

Your umbrella policy's premiums will depend on the amount of coverage you require and a number of personal risk factors, including:

The company was required to repay the outstanding principal amount of the notes plus a maturity premium and accrued interest (a total payment of approximately $ 85 million) on January 15.

Mortgage Insurance: FHA loans require that borrowers pay a mortgage insurance premium of 1.75 % of the loan amount.

The bad thing about an FHA ARM is that, like all FHA mortgages, it requires borrowers to pay an upfront mortgage insurance premium of 1.75 % of the loan amount (which is usually rolled into the loan, and you'll pay interest on it as a result).

To obtain mortgage insurance from the Federal Housing Administration, an upfront mortgage insurance premium (UFMIP) equal to 1.75 percent of the base loan amount at closing is required, and is normally financed into the total loan amount by the lender and paid to FHA on the borrower's behalf.

Another way to view the premium assistance tax credit is simply to recognize that the formulas effectively cap the maximum amount of premiums that anyone (under 400 % of FPL) will be required to pay out of pocket.

At the end of the year, those eligible for premium assistance tax credits will be required to reconcile the actual credit that should have been earned based on actual income that year, with the amounts that were subsidized to the exchange, and receive either a refund (if more credits are due) or owe an additional tax obligation (if the subsidies were «overpaid» relative to the actual credit earned).

Conversely, the seller of an options contract receives the premium and assumes the risk that he or she will be required to buy or sell the underlying security on or prior to the expiration date, in which event his or her losses may exceed the amount of the premium received.

These net liabilities are calculated with an internal model using many scenarios to determine the fair value of amounts estimated to be paid, less the fair value of net future premiums estimated to be received, adjusted for risk and profit charges that the Company anticipates a hypothetical market participant would require to assume this business.

However, a workout of a delinquent loan will not require a new Regulation Z disclosure unless the rate is increased or the new amount financed exceeds the unpaid balance plus earned finance charges and certain insurance premiums.

The mortgage insurance premium is based on the loan to value ratio, type of loan, amount of coverage required by the lender and your credit history.

It is important to remember that special policy design expertise is required because the IRS has created rules to limit the amount of premiums that can be paid all at once into a policy.

The changes included limitations on the amounts that can be drawn in the first year, the option to receive a smaller one - time single lump sum disbursement, as well as changes to the mortgage insurance premium, the principal limit factor tables, and requiring a financial assessment of borrowers» ability to pay future property taxes and insurance obligations.

Shortly after we opened the position ACLS failed to make a payment required under its 4.25 % Convertible Senior Subordinated Notes, which meant that the company was required to repay the outstanding principal amount of the notes plus a maturity premium and accrued interest (a total payment of approximately $ 85 million) on January 15.

Unfortunately, the Federal Housing Administration also requires a substantial up - front premium (1.75 % of the amount you're borrowing) that private mortgage insurance, or PMI, does not.

You will be required to report on your tax return the difference between the amount of advance payments that the government sent on your behalf and the premium tax credit that you may claim based on your family size and household income.

FHA loans require an upfront mortgage insurance premium of up to 1.75 % of the loan amount that is paid at closing.

The major highlight for premium cabin travelers is the low amount of miles required for Upper Class.

The other side of the new British Airways devaluation award chart is that the amounts of Avios required to fly in premium cabins has gone up (significantly up in some cases).

While all insurance programs require a certain amount of cost - spreading across the spectrum of program participants, demanding higher premiums from very high - risk insureds is necessary in the interests of fairness.

To start with, ICBC is only required to pay you the net amount of your wage loss after factoring in your income tax obligations as well as your Employment Insurance premiums.

Because these policies are not medically underwritten, the insurer is taking on a much greater amount of risk with its applicants — and because of this, the insured will be required to pay a much higher amount of premium in order to compensate for this risk.

An upfront payment of the entire premium does not mean that the money belongs to the policy providing insurance company, unless they have provide equivalent service for the required time and have earned the amount only then they are entitled to the money in form of earned premium.

But having the facts, such as knowing the effective rate of return required when investing excess premiums (above the level term premiums) to accumulate an amount equal to100 % of the premiums for the ROP option, is critical to determining which policy is best.