Sentences with phrase «policy premiums»

Policy premiums refer to the regular payments made by individuals or businesses to an insurance company in exchange for a specific insurance policy. It is like buying insurance coverage, and the premiums serve as the cost to maintain the policy over a certain period of time. Full definition
The final insurance policy premium of any policy is determined by the underwriting team at our company, following the application.
This plan is available for a period of 15 - 20 years and the premium - paying terms require customers to pay policy premiums for the entire length of the policy.
First one at the end of policy premium paying term and 2nd one after completing 100 years.
The final insurance policy premium for any policy is determined by the underwriting insurance company following application.
Then the amount of coverage (and what you pay in policy premiums) will decrease as your insurance needs decrease.
A major disadvantage of the mutual company organization is the firm's reliance on policy premiums as a source of income.
If you only convert a partial amount, your new term policy premiums then reflect whatever coverage amount is left on your term policy.
For example, a single premium life insurance policy premium payment may be $ 30,000 in order to receive a death benefit of $ 250,000.
In addition, the term life insurance policy premium rates are affordable — primarily for those who are in good health at the time of application.
Auto policy premium rates are only half the story when it comes to your insurance.
If you become totally disabled (as defined in the policy) this optional coverage will waive future policy premiums as they become due as long as you remain totally disabled.
For example, the term to 80 policy premiums increase at age 45, 50, 55, 60, 65, 70, 75, with the policy ending at age 80.
Life insurance companies are thus required to demand higher policy premiums from smokers and other tobacco users.
A policy add - on that will waive the insurance policy premium if the insured is disabled for six months.
Because your age and health have a heavy role in determining policy premium costs, buying the policies all at once instead of waiting for when the needs arise can save you money.
The policy coverage is 86 % and the policy claims are high with low policy premiums.
Your age and health play a large role in determining policy premiums.
So the policyholder should choose the company that provides the return of the entire policy premium amount that is paid by the policyholder under the tenure of the term insurance plan.
With some 30 year term life insurance policies the premiums remain level for the entire 30 year period... thereafter the premium increases every year.
But with all of this being said, it is critical to remember that there are many variables involved in the calculation of a renters policy premium.
If, however, you are unable to continue making policy premiums in the future, the policy will be cancelled.
This rider can be opted by paying an extra premium over and above the base policy premium.
These dividends may be left to accumulate with interest, or alternatively to reduce future policy premiums, or to fund paid - up policy additions.
Add a waiver of monthly charges rider, which will waive policy premiums if you become disabled.
If you are considered to be of average health, you will likely be accepted as a Standard policyholder, and will thus be charged average policy premium rates.
A high policy premium doesn't always mean that your sum assured will be high as well.
After enough time, the dividend payment may be able to pay the entire policy premium all by itself.
The excess commission was due to wrongly treating single - premium policies (on which very low commissions are payable) as two - year policy premium payment policies.
Living in a state with modest average home policy premiums doesn't mean that every insurer is going to offer you the best price and the best coverage for your needs.
An educated consumer who knows all about the automobile policy premium savings possibilities associated with getting a quote is more aware of what goes into preparing the quote in the first place.
That's why their initial insurance quotes are often not the final policy premiums.
These coverages raise policy premiums but could be extremely beneficial in the event of an accident, especially if you're driving an expensive newer car.
Policy premiums depend on the insurance provider, the coverage level purchased, and the driver's perceived risk level.
For example, whole life insurance policy premiums tend to be far more costly than the premiums associated with term life insurance policies.
You could save about an average of ten percent on your total policy premium if you take a defensive driving class that is accredited by the state.
This is a sure way to make your insurance policy premium go up.
If you had a 20 or 30 year level term policy the premium stays the same for the length of a level term period.
Car insurance companies consider a score called credit - based insurance score while calculating policy premiums.
However most analysts consider the insurance market to be in recession during the 2015 to 2016 fiscal, which has adversely affected new individual policy premium collections.
Once you receive the rate quotes, you can then compare policy premium prices as well as the policy limits for legally required bodily injury coverage and property damage coverage.
I have said frequently on this blog, that I can not see the value in having typical people making whole life policy premiums during their retirement years.
Return of premium life insurance gives you the advantage of a level death benefit and level policy premiums just as a term policy does but with the added feature of return on your premiums.
For the Limited payment mode, the policy may be surrendered after payment of 2/3 years of full policy premium payment.
Life insurance companies take into account various factors to decide policy premium.
The low permanent policy premium may be the worst policy possible.
One factor which is very influential in determining your annual policy premium is the claims rate for the area in which you live.
The more you get older the higher your life insurance policy premiums get.
An administrative charge and an adjustment for future unpaid policy premiums will also apply.
Typically, insurers charge a slightly higher premium for the option to convert, but some also offer a credit for a portion of the new policy premium in the first year.
In such case the rider term would be equal to the remaining Base Plan policy premium paying term subject to minimum of 5 years.
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