Sentences with phrase «limited amount of this premium»

It is important to remember that special policy design expertise is required because the IRS has created rules to limit the amount of premiums that can be paid all at once into a policy.

While many law firms used to target the most coveted high - end work, they have realized that there is a limited amount of this premium work available.

Life insurers have ample reason to err on the side of caution: The Centers for Disease Control and Prevention estimates that smoking cuts life expectancy by 10 years, limiting the amount of premiums insurance companies can collect before a death benefit will have to be paid.

It is important to remember that special policy design expertise is required because the IRS has created rules to limit the amount of premiums that can be paid all at once into a policy.

In 1984 a new federal tax law required that for permanent insurance to enjoy preferred tax treatment it must provide coverage up to at least age 95, limit the amount of premium that may be paid in relation to the face amount of coverage and establish a minimum ratio between cash value and face amount of insurance.

Not exact matches

VUL allows flexible premium payments, allowing you to choose the amount and the frequency of your payments within certain limits.

The basic free membership lets you browse a limited amount of personals and profiles each day, but with one of the premium membership deals you can access much broader range of features, from things such are group chat rooms to private cam to cam chat sessions with Asian girls.

When many of the dating sites limit the amount of messages that you can send without a premium membership, this is where OkCupid stands out from the rest.

For instance, deductibles can range from 0 to $ 1,000 (a higher deductible means a lower monthly premium, but more out - of - pocket each time your pet begins a new treatment, and a lower deductible means a higher monthly premium), and certain policies will allow a limited amount per visit or incident, which means you would be responsible for anything over that allowed amount.

These guidelines are designed to limit the amount of excess premiums a policyholder can pay into the policy, and gain from the tax - favored treatment of life insurance proceeds.

The amount of excess premiums that can be paid under option A is also more limited.

If you elect our premium overdraft service, you will not be charged an NSF or overdraft fee unless payment of the item would cause you to exceed your credit limit on your line of credit and / or the amount in your savings account.

Waiting periods are common for final expense insurance, particularly when there's limited underwriting, because insurers want to avoid having particularly ill patients sign up for large amounts of coverage but pay only a couple months of premiums before passing.

(Your interest rate is the premium you pay for the privilege of borrowing money; your credit limit is the maximum amount that you can spend.)

Increasing the replacement cost value by that amount will consequently increase the cost of your home insurance premium because of the new maximum claim limit.

Most robo - advisory services limit the amount and kind of hands - on help they offer customers (e.g., email only or one meeting per year) or offer access to one - on - one advice only to premium account holders who maintain high account balances.

Because of this, your home insurance premiums and limits will be driven largely by the amount of hazard coverage your home requires.

A basic auto insurance policy includes several types of coverage, each subject to certain limits and with a premium amount attached.

Suicide Clause: A life insurance policy provision that states if the insured dies by suicide within a certain period of time from the date of issue (usually two years) the amount payable would be limited to the total premiums paid minus any policy loans or outstanding premiums.

The guidelines were established to set limits on the amount of excess premiums a policyholder could contribute to a policy for benefiting from the tax - advantaged status of proceeds from life insurance and avoid a modified endowment contract (MEC).

This «MIP» is a flat 2 % premium based on the amount the maximum lending limit of $ 679,650 or your home's appraised value, whichever is less.

Final expense insurance: These policies are for seniors with health issues who can't qualify for traditional term life insurance, but need a policy to help cover end - of - life costs and outstanding debts, Premiums are generally high and coverage amounts are limited.

Homeowners insurance companies calculate their premiums and discounts differently, and some insurers limit the ultimate amount of discounts any policyholder can receive.

Typically, a universal life insurance policy holder may adjust — within certain limits — the death benefit amount, as well as the timing and the amount of their premium.

Notably, these limits only apply if the amount of advanced tax credits was too high, such that the taxpayer was overcredited and needs to pay back the excess amounts received; if the credits were too low, there is no limit on what the taxpayer can receive in additional credits when the tax return is ultimately filed (beyond the limits of the premium assistance tax credit itself) in the event that income dropped significantly and a higher credit was due.

However, the amount of premium you can deduct is limited based on your age.

The changes included limitations on the amounts that can be drawn in the first year, the option to receive a smaller one - time single lump sum disbursement, as well as changes to the mortgage insurance premium, the principal limit factor tables, and requiring a financial assessment of borrowers» ability to pay future property taxes and insurance obligations.

Your cat may be able to digest certain plant products in limited amounts, but protein should be the focus of his diet and it needs to come from premium animal sources.

Unfortunately, the amount of available and affordable 17 - inch laptops is rather limited compared to the more portable 15.6 - inch format but luckily HP has a premium device in its range for people who prefer a larger device: The Pavilion 17T series.

From an outsider's perspective, the basis for this articulation of the right of action misses a fundamental aspect of the freedom of contract: in most instances, the policyholder chose the minimum statutory limits in order to pay the lowest amount of premium.

Savings from caps have led to huge insurance industry profits, which «the insurance industry should pass... onto Florida physicians in the form of reduced malpractice insurance premiums, and it should no longer be necessary to continue punishing those most seriously injured by medical negligence by limiting their noneconomic recovery to a fixed, arbitrary amount.»

Term policies have a finite time limit but are considerably less expensive for the same amount of premiums.

Universal life offers the flexibility to pay premiums at any time and in any amount (subject to some limits) as long as the policy expenses and cost of coverage are met.

Suicide Clause: A life insurance policy provision that states if the insured dies by suicide within a certain period of time from the date of issue (usually two years) the amount payable would be limited to the total premiums paid minus any policy loans or outstanding premiums.

Waiting periods are common for final expense insurance, particularly when there's limited underwriting, because insurers want to avoid having particularly ill patients sign up for large amounts of coverage but pay only a couple months of premiums before passing.

Because the policy is in force for a limited amount of time, such as 15 or 30 years for a mortgage, the premium costs are lower than for whole life insurance policies for the same dollar amount of coverage.

Graded which causes your death benefit to be limited the first two years but you will in return receive the greater sum of the total premium paid with 4.5 % interest of 30 % of the face amount.

Policies now had to provide coverage up to age 95, limit their premium payments, and establish a certain ration between the face amount of the policy and the cash value.

«And some carriers might limit the amount of coverage they'll offer you,» says Jim Kuryak, partner of Niagara National Insurance Group Inc., an independent agency in the Buffalo, N.Y. «You can expect your premiums will be higher.»

This means that if you die within the first two years after being issued a policy issue, your death benefit will be limited to your amount of premiums plus 12 % per year.

The graded death benefit feature limits the amount of death benefits payable in the early years to return of premiums with interest.

However, getting twice the amount of coverage and increasing the policy limit to $ 2 million will not usually double the cost of your premium.

If you die within the first two years after policy was issued, your death benefit will be limited to your amount of premiums plus 12 % per year, unless you die accidently in the first 2 years you will receive the full death benefit.

The company's level term life insurance comes in three flavors: a no medical exam term policy with a face amount limit of $ 249,999, a return of premium term policy, and a typical fully underwritten term life insurance policy with terms of 10, 15, 20, 25, and 30 years.

Most vacation (package) plans cover trips of a limited amount of time (often just 30 days) and the cost of covering a cancellation comprises most of the premium.

As permanent policies, they afford the flexibility to vary the amount or timing of premium payments, and the death benefit may be adjusted up or down (in accordance with the plan limits) without having to purchase a new or separate policy.

Final expense insurance: These policies are for seniors with health issues who can't qualify for traditional term life insurance, but need a policy to help cover end - of - life costs and outstanding debts, Premiums are generally high and coverage amounts are limited.

The amount of additional premium paid over and above the Regular / Limited Premium payable under this Policy

The amount of premiums paid up to a limit of Rs. 1.5 lakhs and claims received up to any amount enjoy tax exemption as mentioned in the tax laws.

Typically, a universal life insurance policy holder is allowed to change — within certain limits — the death benefit, as well as the timing and the amount of their premium.