Sentences with phrase «percentage of their premium»
Both contracts guard against increases in the percentage of premium cost - sharing for health insurance.
https://www.timesunion.com/
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.
Under Vested ROP, a vested percentage of premiums will be paid if you decide to surrender the policy.
Trading impact for options is substantially greater, largely because bid / ask spreads tend to be a substantial percentage of premium value, and also because of the very large notional value which these options represent.
Profit margins are typically a mid-single digit percentage of premiums as well.
When it comes to whole life insurance, that cash value is typically a savings account which is funded by a percentage of your premiums.
Commissions: A fee or percentage of premium allowed to a salesperson or agent for services rendered.
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.
This minimum value is in the form of a minimum credited interest rate, on a percentage of the premiums paid.
With a binary option trade, the broker will pay out a percentage of the premium at risk if the conditions of the contract are met (e.g., the market price is at or beyond your target strike at expiration with a call option).
Each time you pay your premiums, a percentage of the premium goes toward paying for the death benefit and a percentage goes into an interest - bearing savings account.
[1] Reinsurance is an arrangement in which the reinsurer, agrees to take on risks another insurance company, the «ceding company,» for a percentage of the premiums paid on the original policy (for specifics, see Reinsurance).
3 Premium based charges are a percentage of premium payments calculated based on the cumulative premiums.
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.
The «cash value» part of whole life policies is a savings account which is funded by a percentage of your premiums.
Every year, a certain percentage of your premiums goes into a savings account held by the life insurance company.
Unum, like most other insurance companies, invests a percentage of the premiums it collects.
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.
If you purchase a policy, Allianz Global Assistance receives a commission which is a percentage of your premium - ask them for more details before they provide you with any services on this product.
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.
The surrendered value of the same would be a percentage of the premiums that you have already paid which would not include the premium of fist year.
The agent's commission is a percentage of each premium paid.
Commission In insurance, a percentage of the premium paid to an agent or broker by the insurer as compensation.
The policy may also pay a percentage of the premiums if the policy is cancelled before the term ends.
Per regulation, when you make premium payments on Whole Life Insurance Policies, a percentage of the premium has to go toward the cash value of the policy.
Premium Tax A state or local tax on gross premiums, which is collected from an insurance company as a percentage of premiums paid.
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?
* But Swiss Re says overall insurance penetration in India (percentage of premiums to gross domestic product), which was surging consistently till 2009, has been seeing a gradual decline.
Fees are either a percentage of premium or a «Per Employee Per Month» (PEPM) Fee.
Cash Value — the accumulation of interest on a percentage of your premium.
In this instance the company will more than likely pay a certain percentage of the premium and you will pay the difference.
The dividends are a percentage of the premium they have paid and get credited to their policy when they renew.
The percentage of the benefit that is taxable is equivalent to the percentage your employer paid and any percentage of the premiums you paid with pre-tax dollars.
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.
Where, Guaranteed Surrender Value shall be a calculated percentage of the premiums paid excluding Guaranteed Cashbacks.
If you purchase a policy, we receive a commission which is a percentage of your premium — ask us for more details before we provide you with any services on this product.
Each time you pay your premiums, a percentage of the premium goes toward paying for the death benefit and a percentage goes into an interest - bearing savings account.
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.
The «cash value» part of whole life insurance policies is a savings account which is funded by a percentage of your premiums.
When it comes to whole life insurance, that cash value is typically a savings account which is funded by a percentage of your premiums.
In case no claim has been made under the policy, the company will refund percentage of premium.
These charges are deducted upfront from the premium paid by the policyholder as a percentage of premium.
If no claim has been made under the policy, percentage of premium will be refunded.
That's essentially an interest - earning savings account funded by a percentage of your premiums.
Some plans take it a notch higher by providing these two options and a third which is a percentage of the premiums you've paid, say for instance 105 % of the premiums paid.
Because brokers, for the most part, are paid a percentage of the premium price, the broker has no means to increase the cost of the premium for the sake of earning a higher commission.
If you purchase this insurance, AGA will receive a commission that is a percentage of the premium.