Sentences with phrase «for substandard risks»

An additional premium is charged for substandard risks due to the higher probability that the insured will have a shorter lifespan than those who are a standard risk.

Rootfin rarely uses ING for substandard risks.

Not exact matches

Substandard or outdated security also puts SMBs at greater risk from targeted attacks from, for instance, disgruntled former employees or shady competitors.

We can't make premiums on that kind of risk affordable, and we will have to pay out a lot because homebirths are always substandard medical care, so the provider will always be found legally liable for bad outcomes.

Once we move past a standard health class, there are 8 — 12 different substandard health classifications for high risk life insurance.

A person who in this category will pay a higher premium than a person who is classified as a standard risk because it costs more for an insurance company to insure a substandard risk.

Those individuals that wouldn't get approved even at the substandard rates are also considered high risk, and there are other types of life insurance they may qualify for such as Simplified Issue Graded Benefit or Guaranteed Issue life insurance, which we'll discuss in more detail.

Substandard risk: This means that the person applying for coverage does not meet the requirements for being classified a standard risk.

Basic Auto Policy: Although still used today to insure substandard risks, two - wheel motorized vehicles, and commercial autos, the Basic Auto Policy has been primarily replaced by the Personal Auto Policy, which combines both physical damage coverage and liability insurance for claims arising out of the ownership or use of a vehicle.

Rated: A term used to describe insurance issued to a person who is a substandard risk at a premium rate which is higher than that charged for a standard risk.

However, Banner makes up with limited term riders with some of the best pricing in the industry, especially for clients who are table rated (substandard) risks.

Likewise, if your health is not great, you may receive a Substandard rating on your policy, meaning that the life insurance company is actually taking more of a risk on accepting your application for coverage.

However, as a consequence of young mothers being required to work, infants may be placed in child care at a very early age, and mothers often require a patchwork of solutions, some of which may be substandard.40 Quality child care and early childhood education are extremely important for the promotion of cognitive and socioemotional development of infants and toddlers.41 Yet, child care may cost as much as housing in most areas of the United States, 25 % of the budget of a family with 2 children, and infant care can cost as much as college.42 Many working families benefit from the dependent care tax credit for the cost of child care, allowing those families to place their children in a certified or higher - quality environment.43 However, working families who do not have sufficient income to pay taxes are not able to realize this support for their children, because the credit is not refundable or paid to families before taxation.44 Therefore, some of the most at - risk children who might benefit from high - quality early childhood education are not eligible for financial support.