Sentences with phrase «premium dollars it collects»

Not exact matches

On average, a broker who connects a small business with a healthcare provider collects between 4 and 8 percent of the company's health premiums — fees that translate to several hundred dollars or more per employee per year, and keep coming in for as long as the business customer continues to maintain coverage.

A March 2011 General Accountability Office report said that credit card issuers collected in 2009 $ 2.4 billion in fees for the product while returning to consumers only $ 518 million in benefits — 21 cents on the premium dollar.

Longevity annuities are like «reverse life insurance», meaning premium dollars are collected by the life insurance company by its policy holders to pay income when a policy holder lives a long life, instead of collecting premium dollars and paying a death claim on a policy holder's short life in ordinary life insurance.