Sentences with phrase «as insurance premium payout»

Subject to the provision of this section, for each relevant previous year, a deduction will be allowed that will be equivalent to a fraction of the lump sum amount paid (for more than an year) as insurance premium payout to keep the health insurance in force.

Not exact matches

The good news is that just as insurance premiums are not tax deductible for the individual insurance holder, the payouts of life insurance are also, usually, not taxable.

Dividends can be used to buy more paid up insurance, earn interest with the insurer, pay policy premiums, or received as a cash payout.

With a number of ways to use the money that builds up in the cash value account, such as taking out a life insurance loan or paying insurance premiums, the flexibility these policies offer make them attractive to individuals looking to build up savings while at the same time securing insurance coverage providing leverage in the form of a death benefit payout.

Another problem with mortgage insurance is your premiums remain the same over time, but the potential payout drops as your mortgage is paid off.

And for some of the major add - on products, such as consumer credit insurance, the payout was even less, representing around five cents in claims paid for every dollar that you've paid in premiums.

As Milevsky points out, if you buy insurance for a high probability event, the payout you would receive when the event occurs would essentially give you back the insurance premiums you paid less the insurance company's «load,» which is composed of administrative costs, sales commission and profit.

But because workers» compensation insurance premiums may rise as the payouts continue, employers may be often overanxious about injured workers returning to work.

Earned premium naturally means that the insurance company did not have to pay claims to the policy holder for the elapsed time period since a payout on the policy would inevitably mean reducing the portion of the earned premium equal to the loss incurred by the policy holder and at times even resulting in loss for the insurance company as they might have to pay out more for the loss than the amount they have earned.

Basic whole life insurance Whole life insurance provides a guaranteed payout no matter when you pass away, as long as you keep paying your premiums.

«Picking the right insurance for your unique situation will definitely impact premiums you pay now and 10 years from now as well as the payout your family can expect.»

If you have what's known as a Return of Premium Term life insurance coverage, then all the premiums paid into the policy will payout when it ends.

The loan - to - value and claim payout ratios, as well as the borrower's FICO score, all impact the cost of mortgage insurance premiums.

Dennis has agreed to get a term insurance policy as part of our divorce and list only me as beneficiary as long as I pay the premium as part of security in our settlement since he is financing the property payout through myself, using me as his «bank».

Since it's permanent insurance, the carrier knows that you'll always receive your plan's payout as long as you keep paying your premiums.

One notable difference between short and long term disability insurance is that short term disability insurance premiums are much cheaper than long term premiums, since the payout isn't as large and the coverage does not last as long.

Typically, such critical illness insurance plans not only provide the lump sum payout on detection of the disease but also provide additional benefits such as provision of regular income a for a period of time, and waiving off the requirement to pay premium for the health insurance plan.

As a result of a smaller payout, the life insurance cost for this policy is affordable and lower in monthly premiums.

Life insurance is indeed a contract, so as long as you pay your premiums and you are honest on your initial application, the insurance company will payout the full death benefit if you were to pass away.

Dividends can be used to pay premiums, they can be used to purchase more paid up insurance (increasing dividends even more in future years), or they can be taken and used by the policy owner however they want as a cash payout.

With a number of ways to use the money that builds up in the cash value account, such as taking out a life insurance loan or paying insurance premiums, the flexibility these policies offer make them attractive to individuals looking to build up savings while at the same time securing insurance coverage providing leverage in the form of a death benefit payout.

In the event of cancellation, the first premium payout made by the insured is refunded minimum an appropriate charge as determined by the insurance provider.

A money back plan is ideal for people who want a guaranteed return on their investments and are looking for regular payouts at the same time in addition to an insurance cover for themselves for the same money they are putting in as premium.

As your boat depreciates in value, the amount you will receive from the insurance policy payout goes down, but your premium stays level for the policy term you have chosen.

Dividends can be used to buy more paid up insurance, earn interest with the insurer, pay policy premiums, or received as a cash payout.

However, the additional payout depends on type of endowment policy and the performance of the investment products to which your premium payments have been allocated (to find out more about the investment component of insurance policies, see Insurance as an Ininsurance policies, see Insurance as an InInsurance as an Investment?

With insurance products like whole life insurance, the insurance carrier must set aside a significant portion of the paid premiums as a reserve to pay for the future death benefit payout, and that death benefit will be paid if the insured continues to pay premiums until he or she dies while the insurance policy is «In Force».

Additionally, as the policies with shorter tenors expire, total annual premium payout (under insurance ladder) will fall further.

It works the same as any other type of insurance where you pay a premium and the insurance company agrees to payout on certain criteria should accidents happen.

The investment component serves as «bank» of sorts for the amounts left over after charges are applied against the premium paid, namely charges for mortality (to fund the payouts for those that die with amounts paid beyond the cash values), administrative fees (it costs money to run an insurance company (grin)-RRB- and sales compensation (the advisor has to earn a living).