Sentences with phrase «percentage of one's premiums»

A commission on term insurance would be calculated similarly to whole life, except most companies have a different percentage of premiums paid as a commission for whole life and term.

In the early years of the policy, a higher percentage of your premium goes toward the cash value.

This is mainly due to the high percentage of the premiums paid out in commissions during the first 10 — 12 years.

On surrender, you will get a certain percentage of premiums paid back.

Generally, the longer a policy is owned, the higher percentage of premiums returned, up to 100 percent at the very end of the term.

In case no claim has been made under the policy, the company will refund percentage of premium.

As these coverages can make up a large percentage of your premiums, not opting for them — when it makes sense — is a great way to save.

Cash values may be accessed prior to the end of the level term period but only percentage of premiums is generally returned.

Those insurance companies that invested in making their website easy to use and improving functionality experience a much higher percentage of premium collected than their competitors.

Most insurers pay brokers a set percentage of the premium paid, however some pay a flat fee per policyholder.

For three consecutive years, it is not advisable to withdraw the policy, as only a very less percentage of the premiums paid will be obtained.

Every year, a certain percentage of your premiums goes into a savings account held by the life insurance company.

Every year, a certain percentage of your premiums goes into a savings account held by the life insurance company.

Various insurance companies also offer a higher sum that may be calculated as the higher of the sum assured, the maturity benefit, or a certain percentage of the premium paid so far.

In the early years of the policy, a higher percentage of your premium goes toward the cash value.

Even though permanent life insurance can build up considerable cash value over time, life insurance should never be purchased solely for savings or investment, as a large percentage of the premium on most any policy will be going towards paying for death benefit coverage and other policy expenses.

A type of term life insurance that pays all premiums back to the policy owner at the end of the term if the insured is still living, or percentage of the premiums if the policy is cancelled before the term ends.

The insurance penetration is the measure of percentage of premium with respect to GDP and density is the per capita premium (population ratio against premium).

Individuals in Virginia pay a higher percentage of the premium cost for employer - provided insurance than workers in any other state in the country and are in the top 10 in the percentage paid for family workplace insurance.

PolicyPal will take a small percentage of the premiums as administrative fees.

Under Vested ROP, a vested percentage of premiums will be paid if you decide to surrender the policy.

Commissions: A fee or percentage of premium allowed to a salesperson or agent for services rendered.

Therefore, if you have purchased a ULIP, an increasing percentage of your premium goes to meet mortality charges (as your grow older).

Profit margins are typically a mid-single digit percentage of premiums as well.

If the policy is cancelled (lapsed or surrendered) at a point prior to the end of the term, a designated percentage of the premiums paid may be returned to the policy owner.

What percentage of my premiums will be refunded?

Policy Termination or Surrender Benefit: The LIC New Endowment Plan also comes with a surrender values under which a particular percentage of premium amount is paid back to the insured in case he / she decides to surrender the policy after the completion of 3 policy years and can also avail Loan.

If the policyholder dies within the waiting period due to non-accident reasons (natural causes), the insurer will pay an amount equal to the premiums paid (some offer an additional percentage of premiums paid as well) to the beneficiary listed on the policy.

Medical Loss Ratio: A requirement that insurance carriers dedicate a minimum percentage of premiums to paying medical claims, in an attempt to restrict «excessive» administrative costs or profits by insurance companies.

A type of term life insurance that pays all premiums back to the policy owner at the end of the term if the insured is still living, or percentage of the premiums if the policy is cancelled before the term ends.

In the first few years of your policy, a very small percentage of your premium goes into the savings account while the rest is used to pay for upfront costs like administrative fees and the agent's commission.

Under Vested ROP, a vested percentage of premiums will be paid if you decide to surrender the policy.

Commissions: A fee or percentage of premium allowed to a salesperson or agent for services rendered.

For example, in the case of loss or theft, ICICI Lombard provides a refund up to a certain percentage of the premium for the full unexpired years in their long - term policies — a benefit not provided with single - year policies.

In the first few years of your policy, a very small percentage of your premium goes into the savings account while the rest is used to pay for upfront costs like administrative fees and the agent's commission.

Where, Guaranteed Surrender Value shall be a calculated percentage of the premiums paid excluding Guaranteed Cashbacks.

The system «is filled with disputes and inefficiencies, and a very high percentage of premiums are being used to pay experts and lawyers and not going directly to injured persons,» he wrote.

«It looks like there may be too many discounts and too high a percentage of premium subs may be in for the cheaper family and student plans,» Mogharabi said.

With company - provided health insurance, the employer contributes a percentage of the premium (usually most of it) and employees pay the remaining amount, usually through a payroll deduction.

Both contracts guard against increases in the percentage of premium cost - sharing for health insurance.

AFP «derives its revenue from a percentage of the premium written by PRI,» Bonomo testified, pegging that revenue at about $ 45 million annually.

For example, you may have heard of a «return of premium» rider which pays back a percentage of your premiums should you outlive the term of your policy.

In return for their services, insurance brokers receive a commission that is a percentage of the premium.

When it comes to whole life insurance, that cash value is typically a savings account which is funded by a percentage of your premiums.

The policy may also pay a percentage of the premiums if the policy is cancelled before the term ends.

Most agents earn a percentage of the premiums on life insurance policies they sell, which is called a commission.

In general, the cancellation fee is a percentage of your premium and the percentage charged is determined by how far along you are into the term of your policy.