Level premium whole life insurance
features premium payments that are level and are required to be paid as long as the insured is living.
A Level Premium policy
features premium payments that are designed to be level (or fixed) over the life of the policy.
Not exact matches
The next thing to consider is the site management, especially if that site requires some
payment to be a
premium member or to access some
features.
Though Badoo dating app is available in a basic free version, the app encourages users to make online purchases or make
payments within the app, to access more
features and get a
premium experience.
However, there are many
premium and great
features which are accessible only when a
payment is made and membership is upgraded.
Zoosk also has an interesting
payment option called Zoosk coins, which are virtual coins users can buy and then use to access
premium features designed to promote their profiles.
Payment Plans You can install the app for free, but you need to become a
premium member to reply to messages, see who has liked you, unlock filters and other
features.
However, all the members will be asked to make a
payment and obtain a
premium membership to unlock all the
features that are offered to them from the website.
You will have to manually go though
payment process again in order to get access to
premium features.
After studying this chapter, you will be able to: Explain the basic nature of a joint stock company as a form of business organisation and the various kinds of companies based on liability of their members Describe the types of shares issued by a company Explain the accounting treatment of shares issued at par, at
premium and at discount including oversubsription Outline the accounting for forfeiture of shares and reissue of forfeited shares under varying situations Workout the amounts to be transferred to capital reserve when forfeited shares are reissued; and prepare share forfeited account State the meaning of debenture and explain the difference between debentures and shares Describe various types of debentures; Record the journal entries for the issue of debentures at par, at a discount and at
premium Explain the concept of debentures issued for consideration other than cash and the accounting thereof Explain the concept of issue of debentures as a collateral security and the accounting thereof Show the items relating to issue of debentures in company's balance sheet Describe the methods of writing - off discount / loss on issue of debentures Explain the methods of redemption of debentures and the accounting thereof Explain the concept of sinking fund, its use for redemption of debentures and the accounting thereof Topic List
Features of a Company Kinds of Companies Share Capital of a Company Nature and Classes of Shares Issue of Shares Accounting Treatment Forfeiture of Shares Meaning of Debentures Types of Debentures Issue of Debentures Over Subscription Terms of Issue of Debentures Interest on Debentures Writing - off Discount / Loss on Issue of Debentures Redemption of Debentures Redemption by
Payment in Lump Sum Sinking Fund Method
Variable Universal Life (VUL) is another permanent life insurance type that offers similar
features to other universal life policies, such as flexible allocation of
premium payments.
Life insurance classified as return of
premium (ROP)
features a return of
premiums paid to purchase coverage if the insured outlives the term of the policy, or
payment of some portion of
premiums paid to the beneficiary upon the insured's death.
The flexibility of a universal life policy — specifically your ability to change
payment dates and
premium and coverage levels — is a valuable
feature, but it's also dependent on your policy having enough cash surrender value to cover the monthly policy charges.
FHA loans
feature both an upfront and an annual mortgage insurance
premium that can easily add a couple hundred dollars to your monthly
payment.
These products range from
premium rewards cards with numerous
features and benefits, to simple cards that do little more than offer a convenient method of
payment.
For example, a waiver of
premium rider is an additional
feature you can add to your policy to relieve you of your
payments if you become disabled and can't work.
A unique
feature of universal life insurance is it gives policyholders a surprising amount of flexibility with the
premium payments and death benefit.
Just recently popped on our radar is a new indie Flash game site called Kongregate, currently in Private Alpha, and handily explained on Techcrunch as»... an alpha stage online gaming site that will let users upload games they have built, charge users for
premium play or
features with a one click
payment system and share revenues with the site from
premium payment and advertisements.»
It's clear from Steel Diver: Sub Wars that Nintendo is treading carefully with its implementation of in - game purchases, using a single
premium upgrade plus
payments for specific virtual items, rather than the multiple «consumable» virtual currencies and gameplay - restricting
features like timers that have sparked heated debate in the mobile games industry.
The nice
feature about Universal Life insurance is that it provides flexibility to the policy owner in regards to the timing and amount of
premium payments.
The rejection
feature for suicidal deaths applies here as well as the paid - up
feature which offers coverage even after the
premium payments end at 95.
For example, a waiver of
premium rider is an additional
feature you can add to your policy to relieve you of your
payments if you become disabled and can't work.
Return of
premium, a.k.a. ROP term insurance has some neat
features including the ability to build cash values, the option to take a reduced «paid up policy» or to have 100 % of your
premium payments returned if you outlive the level term period.
ULIP allows you to customise your saving's schedule by making use of its
features such as withdrawals, multiple fund options, different
premium payment options and modes.
When it comes to
premium payments, there is another convenient option sometimes offered under Variable Life contracts - a policy with a fixed
premium, which justifies the
feature of flexibility attributed to Variable Life Insurance.
This loan insurance scheme also has additional
features such as joint life option, multiple
premium payment options and hassle - free issuance on group platform.
A unique
feature of universal life insurance is it gives policyholders a surprising amount of flexibility with the
premium payments and death benefit.
Offers more flexibility, including the death benefit amount,
premium payment amounts and optional
features which can help tailor the policy to fit your exact needs.
These
features kick in once you've made your first
premium payment.
Things like vehicle safety, typical cost of repairs, and vehicle
features (add - ons such as sunroofs, 4 - wheel drive, etc.) can affect the price of your car insurance
premium, so it's important to do your research before you buy so you don't suffer sticker shock from your first insurance
premium payment.
In spite of any potential disadvantages, particularly if your
premium payments lapse or you need to borrow against the cash value of your account, several
features may work in your favor.
Mortgage life insurance insures a loan secured by real property and usually
features a level
premium amount for a declining policy face value because what is insured is the principal and interest outstanding on a mortgage that is constantly being reduced by mortgage
payments.
It's a permanent life policy that includes such
features as varying
premium payment amounts, varying death benefit, cash value accumulation and policy loans, to name just a few of the more common ones.
Can extend the No - Lapse Guarantee period with the Lapse Protection Enhancement
feature and it will make your
premium payments to be lowered.
If a client forgets to make a
premium payment, the Familylife Automatic
Premium Loan
feature will pay their
premium from the available cash value provided it is sufficient to cover that
premium amount.
Change of
premium payment frequency depends upon the product
features.
Term life policies typically
feature very affordable
premiums (or
payments) and if you apply when you're still young, you could also benefit from lower
premiums than if you put it off for several more years.
Platinum boasts multiple new
features at no additional cost, including a return of
premium rider, guaranteeing the policy's cash surrender value will never be less than the
premium payment; accelerated benefit riders for chronic illness, critical illness, and terminal illness; and a charitable giving rider, a unique
feature that provides an additional death benefit of 1 percent of the policy face amount to the applicant's charity of choice.
This flexibility is in contrast to whole life insurance that has fixed
premium payments that typically can not be missed without lapsing the policy (although one may exercise an Automatic
Premium Loan
feature, or surrender dividends to pay a Whole Life
premium).
Whole life insurance
features level
premium payments and guaranteed death benefits as well as guaranteed cash values.
Universal policies
feature a cash value account, which serves to supplement your
premium payments to keep policies in force in later years.
Some permanent life insurance policies may allow you to alter your death benefits, alter your
premium payments or even alter the savings / investment
feature.
The payout amount you will receive is based on your individual circumstances, the options and
features you select at the time of application, and your initial
premium payment.
Cash value life insurance typically
features a level
premium payment with a portion being used to pay the insurance costs, including administration expenses and costs associated with providing a death benefit, with the remainder directed to the cash account.
Perhaps the most pertinent
feature of the single
premium policy is that the policy only takes one
premium payment, and it is funded for life.
Watch out if the policy you wish to opt for offers flexibility to choose the tenure of your choice, the sum assured amount, inbuilt
features like terminal / critical illnesses, accidental death benefit and the
premium payment modes.
The
features such as switching between investment funds as per risk appetite and facility to withdraw funds partially and multiple
premium payment options makes saving cum investment plan a must in everybody's investment kitty.
Other
features include the ability to increase or decrease the death benefit as the insured's needs change; the ability to change the amount and / or the timing of the
premium payment; and the ability to choose which investment options may be able to help the policy holder to meet best his or her retirement income needs the best.
The key
feature is that
premium payments are required when due just like traditional whole life.
Jeevan Tarun plan by LIC is a non-linked, participating, limited
premium payment scheme that offers an exclusive combo of savings and protection
features for kids.