Sentences with phrase «excess of administrative costs»
Your premium payments in excess of administrative costs and the cost of the insurance are funded into variable investment options according to your choice (e.g. stocks, bonds, money market funds, equity funds, bond funds, etc.).
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If your plan's investments generate more revenue than is necessary to cover the costs of administrative services for your plan, the excess amount will be used to pay other plan expenses or allocated to participants and will appear on your quarterly statement.
Growth in excess of the insurance and administrative costs is allowed to accumulate as savings, which the insured may withdraw at a future time to fund retirement, education or similar costs.