Sentences with phrase «insurers guarantee level premiums»

Not exact matches

Under a guaranteed renewable insurance policy the insurer is required to offer the policy holder renewed coverage as long as they make payments of their premiums, but no specific warranty is given in regard to the level of premium that customer may be charged.

The insurer levels out the premium payments by charging more at the beginning of the policy than mortality costs require, so the premium payments are fixed and guaranteed for the duration of coverage.

The decreasing mortality risk is also the reason why the insurer is able to guarantee a fixed, level premium for the life of the insured.

This is a form of life insurance that guarantees level premium and maintains policy coverage for the lifetime of the insurer.

With level premium funding, the insurer collects premiums in excess of the one year cost of insurance and then guarantees death benefit coverage for 10, 20, even 30 years as long as you continue paying premiums for the entire length of the term.

With level premium funding, the life insurer collects premiums in excess of the one year cost of life insurance and then guarantees a death benefit coverage for a period of 10, 15, 20 or even 30 years, as long as you continue paying the premiums due for the entire length of the policy term.

In some cases, policyowners may withdraw the additional cash value without otherwise affecting their death benefits, premium payments, and minimum guaranteed cash values; the insurer may permit policyowners to reduce the level of future premium payments while maintaining the same face amount of coverage; the insurer may allow policyowners to increase the face amount of coverage while maintaining the same premium level; policyowners may keep the face amount and the premium payment level the same but shorten the required premium - payment period; or they may choose some combination or variation of these options.