Sentences with phrase «annual premium»

The phrase "annual premium" refers to the amount of money you have to pay each year for insurance coverage. It's like an annual fee or cost that you need to pay in order to keep your insurance policy active and get the benefits or protection it offers. Full definition
He pays annual premiums of Rs. 50, 000 throughout the plan term.
And 7 times of annual premiums for the age between 51 to 60 years.
So, you have to pay annual premiums for 25 years.
Those with limited payment protections, the high deductible F, K, L and N offer an average annual premium of $ 1400.
Therefore, most companies settle at 10 times annual premium for young people.
Higher deductible policies come with lower annual premiums in exchange for the higher out of pocket expenses.
All policies in ordinary life are based on annual premium payments in advance.
This will help deter theft and resist weather damage, and may score you lower annual premium rates.
This allows them to be more competitive with annual premium charges while at the same time providing clients a sound financial structure which will lead to long term financial stability.
You can save up to 10 percent on annual premiums by qualifying for any of the above mentioned discounts.
Or you may choose a lower annual premium if you can afford some of the cost of replacement.
He decided to pay 50,000 as annual premium for 15 years.
Different planned premium frequencies will require different total annual premium amounts.
And 7 times of annual premiums if the age is above 45 years of age.
It has the eighth - highest annual premium at an average $ 1,500 per year.
This is because annual premium increases with age while the maturity benefit remains the same.
If you do not wish to pay the full annual premium up front, there are several payment plans available.
Here we breakdown 10 year term life insurance policies and show you the average annual premiums depending on your level of health and the amount of coverage you're interested in purchasing.
Average annual premiums came in at just under $ 1,100 which works out to $ 91 per month!
This means you will likely pay a higher annual premium for the entire duration of your coverage.
Paying 30 % of the full annual premium as a deposit with your application, and the 70 % balance within 30 days of receiving your policy.
Here's a peek at the 10 largest auto insurer groups (as measured by total annual premiums written in the state) and their respective complaint indices in 2012.
The first is to pay the entire annual premium at the time you fill out your application.
This means annual premium will be same till the tenure ends.
The excess, including interest earnings, makes up the deficiency of premiums in later years when annual premium is not sufficient to pay annual cost of insurance.
Receive the base annual premiums you've paid if you're still alive at the end of the policy term.
The minimum annual premium is Rs 24,000 that goes up to Rs 1 lakh.
At that point, the mortgage company pays the homeowners insurance annual premium to the insurance company.
When a car's annual premium exceeds the value of the car by 10 %, it's time to drop coverage.
This means, any term insurance plan with a regular annual premium payment option doesn't offer the surrender value benefit.
Many consumers realize that filing an auto insurance claim will likely result in a raised annual premium.
Additional influences on annual premiums include the driver's age, gender, driving record, lifestyle and vehicle type, among other things.
One way is to pay off annual premiums in full.
In general, you can expect annual premiums for small business commercial insurance to start in the $ 500 to $ 15,000 range.
This new initiative would permit customers to purchase insurance on a per mile basis, rather than a fixed annual premium.
For example, some parents desire to pay a monthly or annual premium so they know a set amount will be paid to their children upon their death.
The next part talks about the premium, and especially important to note, the maximum annual premium.
Pay a deposit of 25 % of the estimated annual premium up front, and the balance of the premium in 5 monthly installments.
So many people might think that 1 crore term itself is a kind of product with a cheap annual premium.
Typically these policies have the same annual premium for each and every year, even though the benefit decreases each year.
For instance, move from monthly premium mode to annual premium mode.
Here's what annual premiums would look like for a male, age 65 with Type 2 diabetes applying for $ 100,000 / 10 - yr term life insurance.
The second way to pay is to put 40 % of the entire annual premium down with your application, and pay the rest within 30 days of receiving your policy.
And, choose annual premium payment option instead of monthly to save on your overall life insurance premium.
Shopping for an affordable policy may seem like a daunting task, but the payoff can be huge, sometimes reflected in hundreds of dollars in annual premium savings.
These days, insurance companies offer a medium to calculate annual premium termed as insurance premium calculator.
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