Sentences with phrase «premium due amount»

Not exact matches

Now in its final year of production (and due to be replaced by the XT5 for the 2017 model year), the Cadillac SRX provides a respectable amount of total cargo space for families seeking premium accommodations.

In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have been paid.

An up - front mortgage premium of 1.75 % of the loan amount is due at closing.

If you can not make your premium payment due to increased amounts owed, your policy may lapse and you would lose your insurance coverage.

The amount due at loan maturity is the principal borrowed plus any accrued interest and mortgage insurance premium.

Taking market losses can affect the amount of premium due on your policy.

The starting face amount is $ 800,000 on an annual premium of $ 9,355 a year for 10 years, at which point no more premiums are due.

Reserve: The amount of money an insurance company holds which, with future premiums and an assumed rate of interest, will pay all contractual obligations as they become due.

The dividends and the accumulated interest may be paid to the policy holder, or, they could also be used for reducing the amount of out - of - pocket premium that is due.

For renters, that is the rental amount, and for homeowners, it includes the mortgage principal, interest, mortgage insurance premium, hazard insurance, property taxes, and when applicable, homeowner's association dues.

The FHA's premiums seem to change regularly, but presently the upfront premium, due at closing, is 1.5 % of the loan amount and the annual premium is 0.5 % of the loan amount.

Lastly, your GFE will show the amount of prepaid mortgage interest due at closing, as well as whatever real estate tax and homeowners insurance premiums are due.

Notably, these limits only apply if the amount of advanced tax credits was too high, such that the taxpayer was overcredited and needs to pay back the excess amounts received; if the credits were too low, there is no limit on what the taxpayer can receive in additional credits when the tax return is ultimately filed (beyond the limits of the premium assistance tax credit itself) in the event that income dropped significantly and a higher credit was due.

At the end of the year, those eligible for premium assistance tax credits will be required to reconcile the actual credit that should have been earned based on actual income that year, with the amounts that were subsidized to the exchange, and receive either a refund (if more credits are due) or owe an additional tax obligation (if the subsidies were «overpaid» relative to the actual credit earned).

If both you and your employer have paid the premiums for the plan, only the amount you receive for your disability that is due to your employer's payments is reported as income.

With a reverse mortgage, upon the passing of its youngest homeowner, the estate can sell the property but the lender must be paid back the loan amount in addition to any mortgage insurance premiums and interest due on the loan.

Any insurance company or surplus lines broker that fails to pay the Insurance Premiums License Tax by the March 1 due date is subject to a ten percent penalty that shall be added to the amount of the unpaid tax liability.

The amount of money paid or due to be paid when a person insured under a life insurance policy dies, after adjustments for any outstanding policy loans, dividends, paid - up additions or late premium payments (if applicable) are made.

This reduction in retirement income is due to the amount of premiums paid to buy the income inflation rider - plus all of their built - in fees.

In addition, the policy holder can also change the amount and the due date of the premium as well.

Three of the top factors used in evaluating a policy include the face amount (death benefit), the amount of premiums due each year on the policy, and the life expectancy of the insured.

With respect to effective dates other than regular effective dates, meaning retroactive or accelerated coverage effective dates resulting from enrollment under certain special enrollment periods (including birth and marriage), resulting from the resolution of appeals, or resulting from amounts newly due for prior coverage based on issuer corrections of under - billing, we considered a premium payment deadline of 10 - 15 business days from when the issuer receives the enrollment transaction.

Once approved, the amount of the coverage will not decrease, and the amount of the premium that is due will not go up.

Premium Offset Plan Premium Offset Plan is the method of paying premiums due by surrendering enough paid up insurance for its cash value in an amount equal to the entire premium amount due.

With the level term plans, both the amount of the death benefit and the amount of the premium due remains the same throughout the entire lifetime of the policy.

However, the premium amount due is deducted from the benefits paid to the beneficiary.

In this case, the beneficiary (or beneficiaries) will receive the amount of the paid - in premiums, plus 7 percent interest compounded annually — if the insured's death was due to natural causes.

In this case, the insured will still get coverage, but premiums may rise due to their inability to make money from the invested amounts.

In many cases, there is no medical examination required to be approved for coverage — and once an individual has been approved for a policy, the amount of the coverage and the amount of premium due will remain constant throughout the life of the policy.

In that case, the individual runs the risk of either having to pay a higher amount of premium due to their adverse health, or even being denied for Medicare Supplement insurance coverage altogether.

This policy provides a graded benefit, which means that if death of the insured that is due to natural causes — in other words, death that is caused by means other than an accident — during the first two years in which the policy has been in force, the named policy beneficiary will only receive back all of the premiums that were paid in, plus 10 percent, as versus the face amount of the policy.

If, however, death is due to suicide, then the beneficiary will only receive the amount of the premiums paid in, plus interest (in most states).

Because this is a whole life insurance policy, the amount of the premium that is due is also locked in, not to increase — even as the insured gets older, and / or whether or not they contract an adverse health condition.

If an insured goes for this option, then the amount he receives gets adjusted against the premium due.

These payments can come monthly, quarterly, semi-annually, or annually, and the cost of your premiums are due to the amount of risk you have that is determined during the underwriting process.

Exchanges may, and the Federally - facilitated Exchange will, allow issuers to implement, a premium payment threshold policy under which issuers can consider enrollees to have paid all amounts due if the enrollees pay an amount sufficient to maintain a percentage of total premium paid out of the total premium owed equal to or greater than a level prescribed by the issuer, provided that the level is reasonable and that the level and the policy are applied in a uniform manner to all enrollees.

Due to the much lower premiums and the amount of coverage you can get, the majority of people are going to choose a term life product.

* The Accident Rider offers an additional cover for a death caused due to an accident above the base insurance plan, by summing up a small amount of the premiums on the base premiums.

In the same manner, it is also possible to revive the policy if it has lapsed due to the non-payment of premium amount.

While the premium for permanent life insurance may initially be higher than that of term life coverage, in most cases, the amount due will not increase over time — regardless of how long the insured keeps the policy.

In many cases, the premium amount that is due will also stay the same throughout the years.

During this term, the amount of life insurance protection will typically remain the same, as will the amount of premium that is due.

With respect to effective dates other than regular effective dates, meaning retroactive or accelerated coverage effective dates resulting from enrollment under certain special enrollment periods (including birth and marriage), resulting from the resolution of appeals, or resulting from amounts newly due for prior coverage based on issuer corrections of under - billing, we are considering a premium payment deadline of 10 - 15 business days from when the issuer receives the enrollment transaction.

In addition, the policy holder can also change the amount and the due date of the premium as well.

After this interest (a nominal rate) on the premium due is calculated and the policy holder will have to pay this extra amount to restart the policy.

This plan offers up to $ 20,000 in permanent life insurance protection — and the amount of the premium due will be locked in and guaranteed never to increase.

On the other hand, if your income ends up lower than you projected for the year (but still in the subsidy - eligible range, rather than the Medicaid - eligible range or the Medicaid coverage gap range in a state that didn't expand Medicaid), the additional premium subsidy will be added to your tax refund, or used to offset the amount of taxes you owe if you're not due a refund.

A: On expired policies if there is an amount due as a result of the premium audit it is all billed on the Premium Adjustment Statement.

The premiums, having set amounts and set due dates, accumulates a cash value.

In general, when you make a claim against your insurance policy above a specific amount due to an incident that is primarily your fault, an insurer will increase your premium by a certain percentage.