Sentences with phrase «premiums over the course of the policy»

After driving a car for many years, it may be more cost effective to lower the comprehensive and collision amounts on the vehicle if the payout in case of an accident will be less than the total amount you pay in premiums over the course of a policy year.

Not exact matches

Although coverage increases over the course of a policy period, the resulting higher premium is not usually billed until time of renewal.

His premium is twice as much at $ 1,200 a year, so over the course of the policy he forks out $ 36,000, but all of that money comes back to him if he outlives the policy.

If you file many small claims over the course of three or five years, your insurance company may not only raise your premium but could cancel your 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.

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.

Over the course of the policy, the premiums will never increase and are effective for as long as payments are continued.

Such excess payments are usually caused by interest earned on premiums paid over the course of the policy's life.

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.

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

Decreasing term life insurance, also known as mortgage insurance, has a constant premium amount but the death benefit declines at a set rate over the course of the policy.

You pay for the policy over the course of the term, but after the term is up, your policy expires and you no longer pay premiums.

Common sense says that whole life clients that hold on to their policies for their whole life are going to have them pay out — with that being said, the company has to make their monies worth, and I can assure you that very few of their clients pay $ 100,000 in premiums over the course of their lives.

If you outlive your policy and this rider is attached, every single premium you paid over the course of twenty or even thirty years will be returned to you.

Over the course of 20 years, the policy will cost approximately $ 4,000 in premiums and may potentially earn a couple hundred dollars in interest.

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.

Over the course of the policy, you will have paid less premium.

A decreasing term means the death benefit and premiums go down over the course 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.

If the policyholder outlives the term, 100 % of the premiums paid over the course of the policy are refunded tax - free to the policyholder at the end of the term.

A straightforward term life insurance policy in which your premiums are guaranteed to remain level over the course of the term.

Although coverage increases over the course of a policy period, the resulting higher premium is not usually billed until time of renewal.

The premiums do not change over the course of the policy, and you do not have to renew or change policies at the end of any terms as is the case with term life insurance, which offers a fixed rate only as long as the policy's term, which can be a few as ten years.

This is an alternative to other types of life insurance where both premium prices and death benefit values can both change significantly over the course of the policy period.

Most small and mid-sized businesses are comfortable with guaranteed cost premiums because they are predictable, and don't adjust over the course of the policy period.

Often, the premiums do not change over the course of the policy and it builds an investment portion that you can withdraw or borrow against in later years.

Auto insurance consumers who are financially incapable of paying the entire sum of their annual premium in advance of the coverage period are usually obligated to pay for the option of stretching out payments over the course of the life of the policy.

A decreasing value term life insurance life policy such as mortgage insurance has the drawback of having equal premiums throughout the course of the policy while the face value of the policy decreases over the same period.