Sentences with phrase «policyholders pay»
NFIP premiums are based on national averages, so half of policyholders pay too much and half pay too little in premiums.
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Ladies, you rock: Female policyholders pay on average 25 % less than male policyholders.
Gender: Female policyholders pay on average 25 % less than male policyholders.
Typically, earthquake insurance covers your dwelling up to the same limit as your homeowners insurance, and policyholders pay a deductible between 10 % -20 % percent of that limit.
Many whole life insurance plans, in addition to providing the insured with fixed death benefits, also accumulate cash value as policyholders pay into the plans with their premium dollars.
Policyholders pay an annual premium to the insurance company who will pay out a lump sum upon their death.
That let policyholders pay a smaller premium than they would have paid on a whole - life policy.
Michigan auto insurance policyholders pay into the MCAA a per vehicle assessment each year as part of their auto policy.
The deductible policyholders pay is usually 15 % of the limit in the Golden State, although you can purchase a product with a 10 % deductible for a higher premium cost.
A point - of - service plan is a health insurance plan for which policyholders pay less when they seek medical attention from health care providers who belong to the plan's network.
The similarity between a POS and a PPO is that out - of - network services are covered, but policyholders pay more for them.
They reduce the amount policyholders pay for deductibles, copayments and coinsurance and give them a lower out - of - pocket maximum.
In simpler words, policyholders pay marginal portion of claims on their own and make insurers pay the larger one, thus mutually helping self and the insurer.
In effect, these 2 categories of policyholders pay a lower premium for the basic Sum Assured.
This is whom policyholders pay premiums to, and the carrier, in turn, pays the death benefit to the beneficiary.
The company says its low surrender charges (the fee policyholders pay in the early years to access cash value) make this possible.
Universal life is similar, but structured so that policyholders pay more than their base insurance costs in order to build up a high - interest savings or investment account.
Dividends can be grown over time, and when policies are held for long enough, they can offset a significant amount of the money policyholders pay toward the premium.
As a rule of thumb, younger policyholders pay smaller premiums than older insureds.
Typically, earthquake insurance covers your dwelling up to the same limit as your homeowners insurance, and policyholders pay a deductible between 10 % -20 % percent of that limit.
Life insurance policyholders pay a premium and elect a beneficiary who will be eligible for payout if they pass away.
Researchers pointed out that high bills during that time period could reflect policyholders paying off their plan deductible before coverage kicks in.
Luk says some entrepreneurs may go further and consider a universal life plan, in which the policyholder pays more into the policy than the death benefit requires.
It costs more for the insurance company if a policyholder pays premiums monthly.
The umbrella policy kicks in and covers an additional $ 500,000 after the policyholder pays the deductible
Life insurance is pretty simple: The policyholder pays a recurring amount of money — the premium — to an insurance company.
Permanent insurance doesn't have an expiration date and lasts for as long as the policyholder pays the premiums.
Life insurance coverage for which the policyholder pays an annual premium, generally for the life of the insured.
Term life insurance is «pure» life insurance; the policyholder pays premiums and, if they die while the policy is in effect, their beneficiary (or beneficiaries) receives the death benefit.
If a policyholder pays their premium every month, they are entitled to the full coverage granted under the policy in the event of damage.
On the other side of the table, are policyholders paying attention to the details of the contractual wording?
Single Premium Whole Life — Same type of policies as above but simply means that the policyholder pays a one time all inclusive premium.
Continuous Premium Whole Life — Same as Straight or Level Premium Whole life and simply means that the policyholder pays the same premium over the entire lifetime of the policy which is generally to age 100.
Motorcycle insurance is a contract between the policyholder and the motorcycle insurance company, whereby the policyholder pays an agreed upon premium, and the motorcycle insurance company agrees to pay for any motorcycle - related losses that may occur as outlined in the motorcycle insurance policy.
Similarly, for two - pay and three - pay policies, irrespective of the tenure, a policyholder pays premium only twice or thrice, respectively.
Most term policies are level, which means the policyholder pays the same premium each year throughout the term.
With a whole life insurance policy the policyholder pays an increased insurance premium to the carrier.
During that time, the policyholder pays an annual premium, and if he or she dies within the period, a death benefit is paid out to the beneficiaries of the policy.
A policyholder pays for his insurance policy through premiums.
Life insurance is pretty simple: The policyholder pays a recurring amount of money — the premium — to an insurance company.
Usually, the insurer will refund the premiums the policyholder paid.
As long as the policyholder pays the premiums, the policy stays in effect.
Term life insurance is «pure» life insurance; the policyholder pays premiums and, if they die while the policy is in effect, their beneficiary (or beneficiaries) receives the death benefit.
It costs more for the insurance company if a policyholder pays premiums monthly.
The other option is, policyholder himself pays the remaining amount, which is Rs 40,000 in this case, and then he submits those original bill receipts to the policy provider to get reimbursement of Rs 40,000.
However, term insurance is a pure - play insurance offering, whereby the policyholder pays the premium and if he expires during the term of coverage, the beneficiary receives the sum assured.
Permanent insurance doesn't have an expiration date and lasts for as long as the policyholder pays the premiums.
The company pays back the nominee 80 % of the premiums that the policyholder pays.
For those who applied for an automatic extension, no penalties will be charged if the policyholder paid about 90 % of their tax liability on the due date and the remaining amount by the extension date.
Premium The premium is the price the policyholder pays the insurance company in return for the insurance cover.