Sentences with phrase «minimum scheduled premium»

Not exact matches

The policy typically has a low «drag» due to the fact that policyholders are encouraged to schedule premium payments in excess of the minimum payment required to keep the policy in - force.

The optimal premium schedule from the buyer's perspective is usually the minimum premium to keep the policy in force, and that is mainly based on the cost - of - insurance charge.

In certain jurisdictions, this product was sold as a single premium variable annuity that has a different surrender charge schedule and minimum premium payment.

A traditional whole life insurance contract has scheduled premiums that do not change, the dividend growth is relatively predictable and has minimum guarantees, and as long as the premiums are paid as scheduled, the policy will not lapse.

Because insurance companies must guarantee death benefits and a minimum schedule of cash values in most policies (except variable life policies), they must be conservative when estimating the values of the various premium pricing factors (interest, mortality, expenses, lapse rates, and risk loading factors) used to compute the required premiums under any particular premium payment plan of insurance.

The premiums, the death benefit, and the minimum cash surrender value schedule are initially fixed in ordinary level premium whole life policies.