Sentences with phrase «paid your scheduled premiums»

Your premiums will only be reimbursed if the insured is still alive at the end of the term AND you've paid your scheduled premiums every year.

Some universal life policies perform like term life insurance: They can be configured at the time of purchase to provide both level death benefits and level premiums that are guaranteed for life as long as you pay the scheduled premium.

If you want to continue your life insurance coverage, it's usually best to pay the scheduled premiums.

Not exact matches

Converting a typical U.S. monthly rate to a lump - sum premium using the rate schedule of PMI Group, the second - largest mortgage insurance firm in the U.S., an American customer with a fixed - rate 25 - year mortgage can expect to pay 1.15 % of the loan value to insure a mortgage with 10 % down.

An evidence - based salary schedule, accordingly, would pay no automatic premium for these degrees.

Pay your premiums all at once, monthly or on your military pay scheduPay your premiums all at once, monthly or on your military pay schedupay schedule.

2) Guaranteed Additions: Subject to the Policy being in force and all due premiums being paid, Guaranteed Additions, equal to 10 % of the Sum Assured shall accrue as per the schedule given in the table below:

As pointed out in KeithB's comment, you can not deduct any health insurance premium (or other medical expense) that was paid for out of pre-tax dollars, nor indeed can you deduct any medical expense to the extent that it was paid for by the insurance company directly to hospital or doctor (or reimbursed to you) for a covered expense; e.g. if the insurance company reimbursed you $ 72 for a claim for a doctor's visit for which you paid $ 100 to the doctor, only $ 28 goes on Schedule A to be added to the amount that you will be comparing to the 7.5 % of AGI threshold, and the $ 72 is not income to you that needs to be reported on Form 1040.

Although a higher premium is charged, a scheduled property floater will pay the limits on a per - item basis rather than a per - category basis.

If you're self - employed, and filing a Schedule C for your business, premiums you pay for health insurance are deductible as an «above the line» write - off on Line 29 of Form 1040.

The latest change, scheduled to take effect next month, will increase the FHA mortgage insurance premium that borrowers must pay.

They just continue making the scheduled policy premium payments (or stop paying the premium all together) thinking the remaining cash value will carry the policy.

You can choose from the following premium schedules: single pay, 5 Pay, 10 Pay, 15 Pay or 20 Ppay, 5 Pay, 10 Pay, 15 Pay or 20 PPay, 10 Pay, 15 Pay or 20 PPay, 15 Pay or 20 PPay or 20 PayPay.

The schedule can be modified if necessary, and if you find that you ultimately can't pay it back you don't have to, although there can be tax consequences if this causes your policy to lapse for lack of premium payments.

A note of caution: if you miss a scheduled premium or pay less than the total premium due, you may lose the guaranteed death benefit.

You will continue to pay down your student debt according to schedule, and no major changes to your premiums, rates, or terms should happen.

While no medical life insurance can be enticing for any number of reasons (a checkered health history, busy schedules, instant coverage, and anxiety over taking medical exams generally top the list), the higher premiums you'll have to pay in order bypass a routine medical exam can make these policies tough to justify.

Enter the amount of premiums paid for long - term health care insurance, provided that they were not actually included as a deduction on Schedule A of your federal income tax return.

With a non-lapse guarantee, as long as you pay the planned premium on schedule (very important), the coverage will stay in force.

For example, a 30 - year - old male who is a non-smoker might pay a premium of $ 25 per month throughout the life of a 15 - year $ 200,000 decreasing term policy, customized to parallel a mortgage amortization schedule.

These policies can be incredibly valuable as death benefits are guaranteed as long as certain conditions are met, and premiums are paid, as scheduled.

Unlike term life, whole life insurance never has to be renewed as long as scheduled premiums are more or less paid on time.

Although a higher premium is charged, a scheduled property floater will pay the limits on a per - item basis rather than a per - category basis.

In this case, the premium you pay can be deducted using Form Schedule C.

Furthermore, a paid up additions rider allows you to pay extra money into your policy in addition to your normally scheduled premiums.

Insurance companies run renewal cycles like this, not only to provide a set schedule for their clients to pay their premiums; but it also serves as a way to reevaluate the coverage on each of their clients and strive to provide them the best rates possible.

As mentioned, annual and monthly premiums are what most people will decide between, but you can usually choose to pay premiums on a few different schedules:

However, to keep the policy inforce, the survivor must continue to pay the regularly scheduled premiums.

You're usually not required to pay the deductible when you make a claim on a scheduled item, but it will raise your policy premiums, and you'll have to get the items appraised.

Keep in mind, jewelry insurance is largely customizable, so you can select what items to schedule, what limits will apply to each and how much of a deductible you're willing to pay (on individual items or in general) to arrive at a desirable premium.

I helped him understand exactly how the no - lapse guarantee works, and I showed him that he would pay thousands of dollars in unnecessary charges if he followed his agent's recommended premium schedule.

* This exclusion can be removed if the appropriate additional premium has been paid and the optional benefit is indicated on the Schedule or attached by an endorsement.

Scheduling an item is essentially listing that specific item on your homeowners insurance with a specific value and paying a premium based on that specific value.

Level premium insurance means that the amount you pay towards your policy will remain unchanged over time so long as you make your premium payments as scheduled.

Further, all future outstanding premiums will be waived and money back payouts will be paid to the child as scheduled.

A premium, which is a recurring policy payment for the enactment and life of the policy coverage, is a predetermined amount of money that must be paid in full and on time by the insured on a predetermined schedule.

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.

You can choose from the following premium schedules: single pay, 5 Pay, 10 Pay, 15 Pay or 20 Ppay, 5 Pay, 10 Pay, 15 Pay or 20 PPay, 10 Pay, 15 Pay or 20 PPay, 15 Pay or 20 PPay or 20 PayPay.

For example, you can earn a 15 percent discount if you store your vehicle on base, and you can pay your premiums based on the frequency of your military pay schedule.

Additionally, dividends, while not guaranteed, in participating whole life policies may be used to pay some or all of scheduled premium payments if you so choose.

These terms typically require that the policyholder is still alive, that the death benefit has not been paid during the initial level premium period and that all scheduled premiums have been paid throughout the length of the policy.

For instance, a policy with a «no lapse guarantee» guarantees that the insurance company will pay out a death benefit as long as the policyholder makes all the scheduled premium payments in an expeditious manner.

Thus, LIC Bima Bachat is a traditional money back plan with scheduled payments along with return of single premium paid plus loyalty additions at the end of the policy tenure.

You can purchase paid up additions by making an extra premium payment on a set schedule, typically on an annual basis.

A note of caution: if you miss a scheduled premium or pay less than the total premium due, you may lose the guaranteed death benefit.

In addition, many of the variable life products have language to the effect that even when the scheduled premiums are paid, the policy may still lapse if the cash value is not sufficient to keep it in force.

Future premiums will be paid off and instead the company will pay those premiums at schedule dates

Due to the rapid nature of paying on the policy for a limited time you will pay a higher premium than a policy that has its premium payment schedule stretched out to age 100.

The best way to avoid a coverage gap would be to notify your agent about high dollar items you own so they can «schedule» (or list) those belongings on your policy (you'll pay a slightly higher premium for this) and you can be adequately compensated in the event of a loss.

As long as you pay the premium on schedule, the policy will stay in force until a set age.