Sentences with phrase «entire amount of premium»

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

John's agent explains that by purchasing the Return of Premium rider, he will receive the entire amount of premium dollars paid to the insurer if he outlives the policy.

If the household income exceeds 400 % of the FPL, the entire amount of any premium assistance credits «accidentally» advanced on behalf of the individual or family must be repaid as an additional tax liability when the tax return is filed.

If you don't die during the term of coverage, the insurer will return a percentage or the entire amount of premiums paid.

In this case, you pay about double the premium but when your 40 years of coverage are up, you would receive the entire amount of premiums paid back.

Not exact matches

«Whether you signed up for an annual plan or a monthly plan, you will soon receive a refund of the entire amount you paid for the premium offering,» Kashen wrote.

No monthly mortgage insurance premiums, saving you anywhere from 0.3 percent to 1.15 percent of the entire loan amount each year.

The amount that you will be able to pay each month, quarterly or annually (you may find a lower price if you can pay for the entire year of premium up front)

If you can afford to pay the entire cost of repairing the damage anyway, you should consider a higher deductible amount to achieve substantial savings on your premiums.

With a permanent plan, you receive the same amount of coverage for your entire life, regardless of any health issues that come along, but the premiums can be relatively high.

If you have a 20 - year term life insurance policy, with a $ 250,000 guaranteed coverage amount, for a premium of $ 50 a month, your premium would be $ 50 a month for the entire 20 years.

Premium Offset Plan Premium Offset Plan is the method of paying premiums due by surrendering enough paid up insurance for its cash value in an amount equal to the entire premium amount due.

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.

With the level term plans, both the amount of the death benefit and the amount of the premium due remains the same throughout the entire lifetime of the policy.

A whole life insurance policy will typically have a premium amount that is locked in and guaranteed not to increase throughout the entire lifetime of the policy.

This means that even though you pay the SAME premium for the entire life of your mortgage, the actual benefit or payout amount to your family decreases every single month as you pay down your mortgage.

If the insured has not died, the rider allows the return of the entire premium amount upon completion of the term.

However, this type of policy still has a level premium and face amount during the entire life of the coverage.

Whole Life Insurance: It doesn't expire; the premium amount is constant and will remain the same throughout the entire term of the policy.

It offers a guaranteed amount of life insurance at a premium rate that is fixed for the entire level term period.

An endowment life insurance plan is a kind of insurance policy where the premium is paid for the entire duration of the policy and when it matures, the policyholder receives a lump sum amount of money.

On death of the insured, higher of the available fund value or 105 % of the premium is paid to the nominee who may choose to receive annuities or withdraw the entire amount

Decreasing payoutsHow insurance premium is calculatedis influenced by whether you opt to have the quantum of protection decrease year after year, or whether you decide on having a fixed amount of cover for the entire policy duration.

But many annuities reduce this risk by offering a death benefit, such as a return of some or the entire principal to your heirs upon death if you haven't started receiving income payments yet.5 Even if you have started receiving payments but the payments haven't reached the amount of premium you paid, your heirs may receive a refund of the unused premium.

And, the death benefit and the amount of the premium are guaranteed throughout the entire term of the policy.

You pay the same amount of premium each year (or monthly) and the amount of insurance coverage remains the same for the entire duration of your policy.

First, although the premium may start out higher than term insurance premiums for the same amount of coverage, the premiums on whole life stay level throughout the entire life of the policy.

Your life insurance premiums and the amount of life insurance coverage provided by your policy are guaranteed to remain the same for the entire length of your policy, up to thirty years.

Plus, if you go with a level term life insurance policy, the amount of the policy's death benefit, and its premium cost can remain the same throughout the entire duration of the policy.

It has premiums that stay the same each year for the entire duration of your policy, and your amount of coverage stays the same, too.

Unlike term life insurance policies, which expire after a certain amount of time, whole life insurance policies remain in effect for the policyholder's entire life, as long as the premiums are paid on time and in full.

This means that once a policy has been purchased, the amount of the premium paid will typically remain the same throughout the entire life of the plan — regardless of the increasing age, or any change in health of the insured.

This type of coverage offers a stated amount of protection for the entire life of the insured individual — provided that the policy's premiums are paid that the policy is not lapsed or cancelled.

In addition, the amount of the premium on a permanent life insurance plan will typically be guaranteed throughout the entire lifetime of the policy.

This is a policy with a premium that stayed the same throughout the entire term of the mortgage, but your coverage amount declined based on the balance of your mortgage.

Going for a longer term is better as the amount paid as premium gets locked which will be a stable amount payable for the entire tenure to provide a cover of the same amount.

The premiums you pay for this level amount of death benefit may also be level for the entire period, may be level only for a specified period, or may increase over time.

Should the policy holder survive the entire term of the policy, this «return of premium» product will offer cash back in an amount that is equal to all of the cumulative base premiums that were paid into the policy at the end of the set policy term.

The base premium amount remains constant during the entire duration of the policy and only the tax component can change and will be as per the prevalent Tax laws.

On death, higher of the available fund value or 105 % of the premium is paid to the nominee who may choose to receive annuities or withdraw the entire amount

A term plan is the cheapest life insurance product because everything that one pays (entire premium amount) goes towards covering only the life of the insured.

Under this HDFC pension plan, on death of the insured, higher of the available fund value or 105 % of the premium is paid to the nominee who may choose to receive annuities or withdraw the entire amount

One of the most cost - effective methods by which to mitigate risk, term insurance is popular primarily because it asks for low premiums yet the family of the deceased gets the entire amount.

If they choose to withdraw the entire amount, they will receive a sum equal to 98 % of the purchase price or premium.

On death of the insured, higher of the fund value or 105 % of all premiums paid or total premiums compounded at 0.5 % - 3 % depending on the risk profile chosen, is payable to the nominee who can withdraw the entire amount or use the amount to avail annuity from the company

In other words, the customer is assured of getting back the entire amount paid as premium in an instance of survival.

The minimum amount guaranteed is equal to 30 % of annual premium paid less first year premium along with the entire vested bonus.

Once the policy is issued to you, the premium amount stays the same throughout the entire tenure of the policy.

If the premium is more than 10 % of the sum assured the tax deduction is allowed on the amount equal to 10 % of the sum assured and at maturity the entire amount is taxable.

The total amount withdrawn through the entire policy term can not be more than 50 % of the total premiums paid.