Sentences with phrase «percentage of the first year premium»

Commissions for these agents are based on a percentage of the first year premiums (in some cases up to 110 %) and their job is sell these low quality policies to unsuspecting and vulnerable seniors.

Premium allocation charge (PAC): It is a percentage of the first year premium, adjusted before investing or allocating the units.

Not exact matches

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.

Commissions for selling term - life policies amount to roughly the same percentage of first - year premiums.

This type of coverage usually means that the death benefit doesn't apply for the first two to three years if the death is caused by something non-accidental (like a health condition) and instead you will receive a return of premium plus a percentage.

Guaranteed issue whole life insurance with a 2 year graded death benefit limitation — If you die in the first two years the policy will return your premium plus a small percentage on top of the premium you paid.

It is invariably based on a percentage of the first - year premium.

There are 2 types of graded policies: return of your premium during the first 2 years + interest OR a percentage of the death benefit.

Guaranteed Additions expressed as a percentage of the Sum Assured are added in the first 5 years of the Kotak Life policy depending on the premium mode chosen.

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.

Captive agents may receive a base salary on top of commissions, but an insurance broker and independent agents are paid on commission, usually equal to the first year of premium payments (or a percentage of that).

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

Provided all due premiums have been paid, Future Generali will declare a compound reversionary bonus starting from the first year, which will be applied as a percentage of the Sum Assured and all previous bonuses that may have been declared.

If you die within the first 2 years of policy coverage, you're typically only refunded premiums + 10 % OR paid a percentage of the death benefit.

In both cases, the death benefit will only pay out return of premium plus a percentage, such as 10 to 20 %, during the first 2 - 3 years, known as a graded death benefit plan.

Innumerable lapses cost huge amount to the insurance companies because the commission of the agents are paid as certain percentage of the first year's premium.

It is 0.20 % / 0.10 % per month as a percentage of the first year's annualized premium for annualized premium bands of Rs 99,000 to Rs 4,99,999 / Rs 5,00,000 to Rs 9,99,999, respectively.

Policy Administration Charge: Monthly policy administration charge is a percentage of the first year's annualized premium and it is levied by the redemption of units under the policy.

One can also surrender the policy at any time and get the surrender value, which is usually calculated as a percentage of the premiums paid excluding the first year's premium and all extra premiums.

Policy Administration Charge: This policy administration charge is a percentage of the annual premium and it is levied every month for the first 10 policy years.