Sentences with phrase «individual insurance companies determine»

Not exact matches

The Trump administration is giving companies that participate in Obamacare's individual insurance markets an extra three weeks to determine their 2018 premium rates.

The tax code also has sections almost as long as the entire tax code applicable to ordinary individuals who earn wages and salaries to cover specialty topics like how to determine the taxable income of an insurance company.

Underwriter: The insurance company's employee trained to evaluate an individual's risk and determining premium rates.

Each life insurance company uses different algorithms to determine premiums based an individual's health risks, age and other factors.

The problem with using a credit history / score to determine an individual's auto insurance rate is that companies are using socioeconomic factors to establish a premium rather than using a client's actual driving record.

Although credit rating is used to determine how much an insurance company can risk in extending you credit, automobile insurance companies rarely extend individuals credit.

Many insurance companies consider certain credit characteristics in addition to many other factors when determining an individual's rate.

Auto insurance companies use an individual's credit score to determine the amount of risk a driver represents.

This means that there will be no question in the minds of the insurance companies or the lawyers for the individual who caused your injury about how determine your lawyer is to ensure you receive the full amount of compensation to which you are entitled.

They'll attempt to determine how it happened, who the at - fault parties may be, and which insurance companies will be involved in representing the interests of the different individuals and entities that might be at fault.

Underwriter: The individual or team within a life insurance company who is trained to evaluate the insurability and determine the classification of applicants for insurance protection.

Without any medical exam to determine the state of an applicant's health, the insurance company is taking on a significant amount of risk in providing coverage to an individual for which so little is known about their health.

Life Insurance Underwriting Health Classes Defined Life insurance policy underwriting is the process insurance companies use to review an individual's health history, avocations and lifestyle factors to determine their actual risk of mInsurance Underwriting Health Classes Defined Life insurance policy underwriting is the process insurance companies use to review an individual's health history, avocations and lifestyle factors to determine their actual risk of minsurance policy underwriting is the process insurance companies use to review an individual's health history, avocations and lifestyle factors to determine their actual risk of minsurance companies use to review an individual's health history, avocations and lifestyle factors to determine their actual risk of mortality.

Final premium rates will be determined by the insurance company and are based on individual circumstances.

Because life insurance companies rate each individual factor differently, it's a sum of all factors that determines what kind of policy they will underwrite and at what price.

Life insurance companies must carefully evaluate applicants to determine the level of risk involved in providing coverage for each individual.

There are many factors that life insurance companies will consider prior to approving an individual for coverage, as well as for determining how much in premium rate to charge that person.

Insurance companies look at various characteristics to determine the premium that an individual is charged.

These are just a few questions that need to be asked (and answered) before determining which life insurance company is best for an individual.

Underwriting Underwriting is the process where the insurance company reviews each individual's application and medical history and determines the rate class that each individual will obtain.

As much as myths persist that your auto insurance rates should match those of your neighbor's, or that auto insurance prevents you from ever being at fault, several different factors actually do go into determining your individual insurance rates — your age, your driving record, the car you drive, your insurance claims history, where you live, and your insurance company all play a role in factoring your premium costs.

The rider will expire when a child reaches adulthood (age determined by the insurance company) and when it does, you'll need to purchase an individual life insurance policy if you want to continue coverage.

Underwriters are individuals who are employed by the insurance company to review and determine whether an applicant is acceptable or declinable, based on the medical history of the applicant.

Majority of applicants seeking life insurance coverage will be required to undergo a physical exam to determine how much of risk they are to insure, though there are companies out there that offer a no medical exam life insurance policy for those individuals with health issues.

Insurance companies hire people known as actuaries; it's a cool name for individuals who crunch the numbers and data to determine how likely someone is to pass away.

These samples will then be tested by the insurance company to determine whether or not the individual poses any health risks to the insurance carriers.

Families should sit down with their insurance agent or company representative to determine the right amount for each individual and family.

Underwriter: The individual or team within a life insurance company who is trained to evaluate and determine your insurability.

Like we mentioned previously, the top life insurance companies for you will be determined by your individual health, needs and factors.

Your own insurance company's individual policies will determine just how much your rates will go up or if they will go up at all, which is why it's always a good idea to shop around for a better deal.

Ultimately the regulation of auto insurance companies and rates is determined by each individual state.

Underwriting is the process where the insurance company reviews each individual's application and medical history and determines the rate class that each individual will obtain.

As health declaration is one of the determining factors to insurance companies to assess an individual's eligibility for a policy, it is crucial that health conditions, income status and other required information are accurately filled.

There are several different definitions used by insurance companies to determine an individual's eligibility for disability benefits.

If you renew your policy with your auto insurance company for a certain number of years (the number is determined by the individual company), they will often give you a reduced premium to thank you for your continued business.

The taxable value (economic benefit) of the insurance received is determined by using the lower of the IRS Table 2001 cost or the life insurance company's cost for an individual, standard rated one - year term policy.

While the percentages of rate increase or decrease are determined by the individual automobile insurance company, make sure to mention the fact that you or anyone you're hoping to include on your policy has a clean driving record.

Jean, Since every individual is different, we would first need to speak with you to determine which insurance company out there is going to be best for you.

Rate classes are how insurance companies «rank» individuals based on what type of «risk» they represent to an insurance company and are how insurance companies determine what price someone will ultimately end up having to pay for their insurance.

The amount of the rate reduction is determined by each individual auto insurance company, but it is good for three years after the driver completes the course.

In fact, auto insurance companies rely on sound statistical data - compiled and tested over decades - to determine the fees it charges its individual customers.

It strongly indicates, in much the same way as a traffic violation, that the individual had some difficulty with their finances — and some insurance companies have determined that insurance risk increases as financial stability decreases.

Insurance companies pay close attention to individuals and businesses when determining whether to underwrite a new policy.

Several insurance companies consider an individual's credit score when determining car insurance rates.

When getting auto insurance for yourself, understanding this coverage is important if you're determined to cut down duplicated, unnecessary services provided by your individual auto insurance company.

Most life insurance companies have over 15 separate rate classes that can be assigned based on your individual situation, and your rate class will be the determining factor for your cost of insurance.

The insurance company determines what group an individual should be placed in based on medical history as well as physical condition at the time of application for the policy, personal attributes such as whether or not you smoke, drink excessively, use drugs not prescribed by a physician, driving record or involvement in any hazardous activity.

Milwaukee insurance providers take many things into account when determining individual policy rates, and understanding how and why once company's rates can be significantly higher or lower than those of the next is extremely important.

In layman's terms, that means that if you're determined to be at fault in an accident, your insurance company will pay a maximum of $ 15,000 in medical payments for a single individual, and no more than $ 30,000 in medical costs for all individuals involved.

If one company determines your individual situation poses a lower risk than another, they will be able to offer you a lower rate; and since different providers may raise or lower their rates according to slightly different criteria, meeting the requirements of one company may reduce your yearly insurance payments by hundreds!