Sentences with phrase «amount of your premiums go»

As such, a certain amount of the premium goes toward the cost of insurance while the remainder goes to the cash value.

This excess amount of premium goes into the cash value portion of the policy.

As such, a certain amount of the premium goes toward the cost of insurance while the remainder goes to the cash value.

Nor can the amount of the premium go up.

The entire amount of premium goes into reimbursement of the policy if the insured person expires before maturity of the policy.

Not exact matches

Essentially, this amounts to imposing a tax that is then used to subsidize premiums (charging everyone a tax and then paying people to get health insurance is the same thing as charging people who don't get insurance a «penalty»), but Obama ran on a platform of not raising taxes on people making less than $ 250,000, so he went through this «penalty» shenanigan so he could pretend to have kept his promise.

This is not horribly unusual: Our system puts a premium on raising the maximum amount of money as quickly as possible, and a candidate is going to look for reasonable and responsible sources.»

Its 4.8 - litre twin - turbo V8 doesn't go to the bother of troubling itself with the weight premium that amounts to 5 kg more than carrying a sack of spuds in its flat - floored boot.

For most people, this is an adequate amount of coverage and protection, and the quote delivered is going to be close to the premium they can expect to pay.

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.

So, if getting cheap auto insurance is your objective or you are looking for a way of cutting down the amount you are spending on car insurance premium, this article will throw light on how to go about it.

As pointed out in KeithB's comment, you can not deduct any health insurance premium (or other medical expense) that was paid for out of pre-tax dollars, nor indeed can you deduct any medical expense to the extent that it was paid for by the insurance company directly to hospital or doctor (or reimbursed to you) for a covered expense; e.g. if the insurance company reimbursed you $ 72 for a claim for a doctor's visit for which you paid $ 100 to the doctor, only $ 28 goes on Schedule A to be added to the amount that you will be comparing to the 7.5 % of AGI threshold, and the $ 72 is not income to you that needs to be reported on Form 1040.

As of July 14th HUD will go to risk - based pricing for FHA insurance, thus the up - front premium will range from 1.25 percent to 2.25 percent depending on the amount down and your credit status.

If you went the life insurance route and you paid for all of your family members» premiums it would add up to more than either of these amounts anyhow.

Variable universal life insurance is going to give you the least amount of flexibility in how much you can change your premiums, but it will also give you the highest cap on how much growth you can get from the cash value.

Mark Moreau: Yeah, basically if we can just take a little bit of tangent here, when you have to get mortgage insurance in place, it's done on a premium basis which is a percentage of the total amount of the mortgage that's going to go out.

If you have gone a specified amount of time without a ticket or accident, you may be eligible for savings of up to 20 % on your annual premium.

However, because you do not have to qualify, premiums are typically higher than what a healthy person would pay for the same amount of coverage under a policy that went through medical underwriting.

The good news is, if you earn less than $ 100,000.00 a year, the private mortgage insurance premiums are tax deductible, although this amount is always subject to change because tax laws often change.Paying PMI can be eliminated if you have paid off at least 20 % of your mortgage or if the value of your home has gone up.

Under the former, the employer is entitled to a return of the premiums paid and if the cash value exceeds the premium, this amount goes to the employee.

The interest goes toward reducing your premiums, with the excess amount, after funding the cash - value and the carrier's take, going to a modest increase in the growth of the cash value.

When rates were high, this made a lot of sense — you pay lower premiums to get the same amount of cash value or slightly better.However, if the interest rate goes down, your premiums could go up as the life insurance company has to put more money in to maintain the policy's cash - value component.

We believe this criticism fails the test upon implementation because stock companies are not noticeably cheaper on average than mutual companies — their premiums are roughly the same, but the profit (the amount above the cost) goes to stock holders instead of going to policy holders in the form of dividends.

That premium is in not only the amount of points, but also in the fact that everything in the hotel and in Back Bay is going to come with a premium over Brookline.

While some of the premium classes will actually have an INCREASE in the amount of Avios earned, most economy fare classes are going down, with Q, O, and G economy fare classes now earning only 25 % of the miles flown.

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).

All of the different factors are going to play a huge role in your premium amounts.

Once approved, the amount of the coverage will not decrease, and the amount of the premium that is due will not go up.

The face amount on the Rapid Decision Final Expense life insurance policy begins at $ 5,000 and it may go up to $ 35,000 — and the amount of both the coverage and the premium are guaranteed to remain the same throughout the life of the policy.

These policies are more flexible than whole life, however, as the policyholder — within certain guidelines — may choose the amount of premium that goes towards the death benefit and the amount that goes into the cash value.

Also, this amount is tax deferred and it includes the portion of your life insurance policy premiums that go towards the payment of your death benefit protection as well as other insurance company expenses.

Some permanent life insurance products cost significantly more than a guaranteed universal life policy, because a good amount of the premium is going towards building up cash value in the policy.

Because this coverage is whole life, once an individual has been approved, the amount of coverage can not go down, and the premium can not be raised — even as the insured advances in age, or if they contract an adverse health condition.

Burial insurance policies are essentially the same as a life insurance policy, but they provide a much smaller amount of coverage, which is going to translate into much smaller premiums.

Most policyholders say premiums are fair, but some report sudden rate hikes and we read some reports of policies going up a bit with each renewal — an amount that eventually adds up.

A portion of your premium payment goes to pay for the actual whole life insurance coverage that is an amount equal to the face value of the policy.

The amount of the premium often determines how much coverage you receive and what your potential out - of - pocket cost is going to be.

While getting group or member premium rates on life insurance can reduce the amount of premium that you pay for certain coverages, going this route may or may not always prove to be the very best deal.

For this reason, we're using the same breakdowns as above for age and duration, but we've gone ahead and supplied a greater range of premiums based on the coverage amount.

Your premiums never go up for the length of the term and coverage amount never goes down.

Because these policies are much smaller, the premiums are going to be much lower than a traditional life insurance policy that gives a significant amount of coverage.

Due to the much lower premiums and the amount of coverage you can get, the majority of people are going to choose a term life product.

Customer may enroll the to any of the plans on the go, decide on their premium amount and the coverage they need.

Each month, a certain amount of your premium will go toward the policy's savings component, called the «cash value.»

Experts suggest going for a longer period term plan as the premium amount generally gets locked and the insured party gets to pay the same premium over the tenure of the term plan for the same amount of cover.

Everything that comes next will gauge the accuracy of the information you provided to make sure you pay the right amount in premiums after your policy goes into effect.

The second type of deduction is additional deduction which is the premium paid for your parents, that also amounts to Rs. 15,000 / - till now and post this year will go up to Rs. 25,000 / -.

Whole life is kind of like a mortgage, you pay a proportionally greater amount in «interest» up front, and then as time goes on, your monthly premium payment begins to go more entirely towards your Cash Value (think «equity» in your policy).

Translation: the amount of coverage you've purchased will suddenly shrink, and your premium might still go up anyway.

Of the total employer's contribution, 0.5 % goes towards EDLI as the premium amount.