Sentences with phrase «premium over a policy term»

Deferred Annuity: IA deferred pension scheme allows you to accumulate a corpus through normal charges or single premium over a policy term.

Deferred Annuity: A deferred pension scheme allows you to compile a corpus through regular premiums or single premium over a policy term.

Not exact matches

«Finally, in circumstances where a major central bank is continuing to expand its balance sheet or maintaining a large balance sheet over a sustained period, this policy would likely exert downward pressure on term premiums around the globe, especially in those foreign economies whose bonds were perceived as close substitutes.

Level premium policies have premiums that remain fixed during the term, while others have premiums that increase over time.

After the term is over, the policy is renewable with a higher premium.

The premiums are incredibly high and increase over time (in contrast to «level term» policies, «level benefit» means the death benefit stays the same while rates rise), and coverage ends when you turn 80.

Since the plan also ensures that if he were to survive till the end of the policy term, he will receive all the premiums that he has paid over the entire term thus ensuring that he receives commensurate benefits for the premiums he invests whether it is in the form of the Death Benefit or Maturity Benefit.

Another thing to consider is that a mortgage life insurance policy is often written as a decreasing term policy, so the death benefit decreases over time, (just as your mortgage payoff amount decreases as you pay your monthly mortgage payments), but the premium remains the same over the life of the policy.

Over the course of 40 years, he could save $ 45,144 by getting term insurance, even though his premiums increased significantly when purchasing a new policy.

Opting for ROP or return of premium will come with added costs over a traditional affordable term life insurance policy.

Term life insurance is not available as a standalone policy on children (because the term would likely be over by the time they needed income replacement for their own families), but a permanent policy will last their lifetime so long as the premiums are pTerm life insurance is not available as a standalone policy on children (because the term would likely be over by the time they needed income replacement for their own families), but a permanent policy will last their lifetime so long as the premiums are pterm would likely be over by the time they needed income replacement for their own families), but a permanent policy will last their lifetime so long as the premiums are paid.

A decreasing term life policy (aka mortgage life insurance) features a death benefit that declines over time, even while the premium typically stays the same.

The return of premium rider, available for return of premium life insurance policies, and also on certain long - term care policies, disability insurance, etc., will return all of your premiums paid over the life of your policy should the term come to an end or should you wish to surrender the policy.

But, for example, if your premium for a 20 - year term policy is only $ 250 as opposed to $ 500 for the no medical exam option, you would save $ 5,000 over the course of the policy.

Rather than your coverage ending like a typical term policy, Custom Choice UL simply lowers the death benefit over time but your premium remains the same.

Put a portion of the money towards your first life insurance premium - If you get a term life policy you should have money left over.

When the insured is age 70 — or at the end of the guaranteed period of level - premium — whichever occurs first, the insured is allowed to convert the level term life insurance policy over into a whole life insurance or a universal life insurance plan.

This is a great feature as it means you don't have to pay higher premiums over the entire term of the policy if you only need more coverage for a short period of time.

No more lapses As the policy premium is single and is paid up in a lump sum, therefore, you do not have to stress over policy getting lapsed in a case of premium non-payment hence, making the policy valid for the entire policy term, which creates a good cash value while you render policy benefits in the end.

However, both term life and whole life insurance will have fixed premiums over the duration of the policy.

For instance, 10 - year term policies for $ 500,000 of insurance for a 35 - year old male smoker in Ontario have annual premiums ranging from just over $ 500 to more than $ 1,000, depending on which insurer you choose.

When compared to graded premiums, they seem to be higher at the beginning of your policy, however, they even out over the long term.

The earlier you purchase a term life policy and the healthier you are, the cheaper the premiums will be over the term of the policy.

Offers you a money - back guarantee on your term life insurance: If you outlive the policy, the premiums you have paid over the life of the policy will be returned to you.

Each policy has a guaranteed level premium for the duration of your term period, and reapplication is an easy process when your term is over.

The cap on the higher premiums is equivalent to the premiums you would have paid if you had never participated in the program, over the course of the policy term.

Both upfront and installment premium recognition methods recognize premiums over the term of an insurance policy in proportion to the remaining outstanding principal balance of the insured obligation.

Yet, over time, while an insured who owns term life coverage may need to renew at a higher premium rate, a whole life insurance policy holder will retain the same premium expense throughout the entire life of the policy.

The main differences between term and permanent life insurance are that permanent life insurance is in force for your entire life (as long as you pay the premiums) instead of a certain «term,» and permanent insurance accumulates cash value over the life of the policy.

Universal Life policies give you the ability to adjust the premium amount and benefit amount over the term of the policy.

With these policies, if you keep the policy in force for the entire term, say 20 years, the insurance company will refund the premium payments you made over that 20 - year period.

Over the life of a 20 or 30 year term life policy, a difference of only two or three dollars per month can add up to thousands of dollars in lifetime premiums.

If you like to pay your premium in short period and want to enjoy the benefits from the plan over the policy term.

The good news is, some companies will credit you for a portion of the premiums you paid into your term life insurance policy and carry it over when you decide to convert to assist the cash value accumulation.

Regardless of whether a life insurance policy for an applicant age 70 or over is term or permanent, the premium cost of the coverage will depend upon a wide variety of factors.

Once the policy is in place, the premiums will never increase over your term which gives you protection and the ability to plan your finances in the coming years.

Term insurance is generally established with lower initial premiums that steadily increase over time and the policy provides coverage for a certain period of time or until you reach a certain age.

The premiums are incredibly high and increase over time (in contrast to «level term» policies, «level benefit» means the death benefit stays the same while rates rise), and coverage ends when you turn 80.

This type of term life insurance policy is more expensive than traditional term life insurance, but the premiums remain level over the life of the policy.

Return of premium life insurance is more expensive than other forms of term life insurance and can be over triple the cost of a standard term life insurance policy.

However, once the term is over, all of the money you paid in premiums is gone (unless you have a policy that promises a partial return of premium if you outlive the policy).

Although similar in some ways, there are differences between term life insurance with return of premium policy over standard term life insurance.

The death benefit will decrease at a predetermined rate over the life of the policy, but premiums usually remain level throughout the term (which can range anywhere from one to 30 years).

Decreasing Term Life Insurance — With this type of policy, the death benefits decrease over various designated time increments throughout the life of the policy, but the premiums you pay remain the same.

A term policy is essentially a YRT that has the premium averaged over the entire length of the term life insurance policy.

Over time, the premiums for a whole life policy will usually be lower than they would be for a term life policy because a term policy's premium will increase when the term has expired.

Term life insurance premiums are lower initially but can increase over the life of the policy.

There's «annual renewable term,» which gives you one year of coverage at a time that you renew annually, «level premium term,» which you buy for a specific multiyear period — 10, 15, 25 or 30 years and «return of premium» which is like a level term policy but gives you all your money back after your term is over if you do not pass away.

Installment Payment Option: You will have to submit a deposit of 30 % of the premium at the start of the policy term and the rest in six installments over the course of a period of nine months

The benefit over term is (for my policy, at least) after the 12th year, I am entitled to a portion of my premiums.