Sentences with phrase «base policy premium»

The base policy premium may increase as a consequence of inclusionof a COLA rider, but not necessarily.

If the entry age plus base policy premium paying term is beyond age 70, the rider would be of premium pa

Just for the Surgical Protection Plan base policy the premium for 26 - 30 age group and the same sum insured is Rs 5,639 for male and Rs 5,468 for females.

Drivers who file a claim for an accident often see rate increases between 23 % and 33 % of their base policy premiums.

Not exact matches

Anyone holding a leverage life insurance annuity, or a 10/8 arrangements (another leverage insurance product) will now be subject to accrual - based taxation and no deduction will be allowed for any portion of the insurance premium paid on the policy.

Level term policies are usually more affordable since premiums can vary based upon factors other than age, and the insurer can better price your risk profile.

Premiums for these policies are based on what type of business you're operating and what your projected revenues are.

When an insurance company writes a policy, it often bases the policy and premiums on its historical experience of losses in that area.

You will receive tax receipts based on the present value of a paid - up policy or equal to the insurance premiums you pay for the policy.

The cash value of a universal life insurance policy accumulates based on the amount of premium paid, monthly deductions for policy costs and an interest rate that is declared by the insurance company.

Our pupil premium policy will be reviewed on an annual basis and adjustments will be made to it according to the impact the school is having in narrowing the gaps.

Here, the charity owns the policy based on your life, and you continue to pay the premium.

Term life insurance policies can be purchased to cover nearly any period of time, and will stay in effect for the entire period as long as you continue to pay the premiums (the cost of the policy, which can be paid on a monthly or annual basis).

Virtually all variable universal life policies I have reviewed have these characteristics: a.) illustrated (represented based on hypothetical assumptions) to have level death benefits from the day purchased until death; b.) invested in risky sub-accounts [primarily stocks]; and c.) a premium that the client believes is his or her «policy's premium.»

The Annualised Base premium is the sum of premiums payable in a policy year and excludes modal factors and underwriting extra (if applicable).

You have the flexibility to choose the coverage term for the rider however the rider term can not exceed the premium payment term of the Base Policy.

After rerating the consumer based upon the request, the insurer may not use credit information from rerating to increase the premium on any personal insurance policy the consumer holds.

The policy holder needs to pay premium regularly or on lump sum basis.

In exchange, the policy holder pays premium either on lump sum basis or regularly.

Under current federal tax rules, you generally may take federal income tax - free withdrawals up to your basis (total premiums paid) in the policy or loans from a life insurance policy that is not a Modified Endowment Contract (MEC).

The new premiums will be based on your age; this may be either your current age or the age at the time you took out the policy (an original date conversion).

Premium Waiver rider (UIN: 130B005V03): 100 % of all future premiums under the base policy are waived and paid by the company on the death & total permanent disability or critical illness of Proposer, depending on the chosen option.

The cost of the policy (a one - time premium) is usually based on the loan amount, and is often paid by the purchaser.

If you decide at some point in the future that you need to take out a new policy, you may have to pay a much higher premium as insurance companies base their rates in large part on your age on the date of issue.

Colonial Penn's whole life policy lets you choose the particular death benefit you want, meaning premiums vary based upon your risk profile.

If the death benefit is the focus, then the base premium of the policy will be the primary focus in terms of the cost of the policy.

With an Indexed Universal Life policy you have the ability to pay more or less each month (there is a minimum to cover fees, and a maximum based on the MEC limit) but the policy has much more premium flexibility than the other types of life insurance policies in the market.

In this first example illustration provided from an A + rated carrier, we will be looking at how much $ 6,000 total premiums would generate over the first 30 years on a 10 pay whole life policy that the owner can continue to make base premium payments on after the initial 10 years.

In setting premiums, life insurance companies calculate a base rate per thousand and then add a policy fee.

For those with term coverage that have the WOP rider, you can convert your policy to a permanent policy if you are disabled for 2 years and base premiums will be waived.

Premiums vary based upon the policy features you select: elimination period, benefit period, and monthly benefit amount.

The Legalese «This rider waives all premiums on the base policy if the insured becomes totally disabled without interruption for at least six months.

Whether you're a young driver, live in a big city, or own a car that's subject to high insurance rates, usage - based insurance policies can lower the cost of your premiums by rewarding you for good driving habits.

Once that agreement is signed, you pay the company issuing the policy a small amount — the premium — on a regular basis.

Typically, the premiums for policies covering property insured on an ACV basis are lower because a lower limit is used due to the deduction for depreciation.

If a policy is issued to you, the premium will be based on the information, rates and rules in effect at that time for the issuing insurance company.

But it's also important to think about how insurance changes based on personal events — new drivers or changes to a family auto policy can alter car insurance premiums, and other kinds of insurance can be affected by changing property values or even changes in the local business world.

These premiums that you pay above the base cost of insurance in the early years then build up inside your policy.

They can be as low as $ 0 (i.e you can pay the «minimum premium» of just the insurance cost) or you can increase your total premiums to start making contributions above your base insurance costs into the investment component of the policy.

Lower your premiums right now with a usage - based auto insurance policy from LowestRates.ca.

That's because insurers price their policies based on the risk you pose; the younger you are, the more likely you are to keep living — and keep paying your premiums.

Next time around, you may want a permanent policy so you can accumulate cash value on a tax - deferred basis or just for the hassle - free life coverage at a guaranteed premium amount.

When you make premium payments on a cash - value life insurance policy, one portion of the payment is allotted to the policy's death benefit (based on your age, health and other underwriting factors).

The inner - workings of cash value life insurance consists of a life insurance policy, which is a contract between the policy owner, the insured (often the same person), and the insurer, where the insurer agrees to pay a death benefit to the policy's beneficiary, based on the owner continuing to make the policy's premium payments.

You can withdraw earnings on your cash account free of taxation up to the amount of premiums you have paid into the policy, i.e. your basis.

If you withdraw from the policy, all premiums paid up to your basis can be withdrawn tax free.

You can withdraw premiums paid into your policy up to your basis without a taxable event.

Your basis represents how much whole life premiums you have paid into your policy.

If you're thinking of buying a cash value life insurance policy, ask your agent or company for a sales illustration, which is a computer projection of future premiums, cash values and death benefits based on the current dividend scale (whole life) or current interest rates and current costs of insurance (universal life).

Auto insurance quotes are based on how much you are likely to cost your provider over the life of the policy; if you make adjustments to your vehicle, your living situation, or your lifestyle that make you appear less of a risk, your premiums can be reduced.