Sentences with phrase «premiums over the policy»

Before backdating a policy, evaluate carefully to ensure that the total savings in premium over the policy tenure is more than the extra premium paid for the backdated period.

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

If the quality of beans were to deteriorate, the policy could backfire by eroding the premiums over London futures paid for Ivorian beans.

As with other whole life insurance policies, guaranteed issue policies will build a cash value over time and coverage lasts as long as you continue to pay the premiums.

The primary differences between these policies have to do with how premiums are paid and how the cash value grows over time.

Behind the Headlines Total revenues rose 7.2 % year over year to $ 12.9 billion on the back of 15 % growth in premiums and a 1.3 % increase in policy charges and fee income, partially offset by 0.5 % lower net investment income.

Many whole life policies also offer level premium payments, meaning that your price won't rise year over year, but this isn't true for every whole life plan on the market.

«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.

Those premiums weren't cheap, either — typically over $ 1,000 a policy.

The uncertainty over Republican efforts to overhaul or replace the Affordable Care Act may spur insurers to seek even higher hikes in medical premiums, said Bill Hammond, health policy director at the Empire Center for Public Ppolicy director at the Empire Center for Public PolicyPolicy.

For instance, deductibles can range from 0 to $ 1,000 (a higher deductible means a lower monthly premium, but more out - of - pocket each time your pet begins a new treatment, and a lower deductible means a higher monthly premium), and certain policies will allow a limited amount per visit or incident, which means you would be responsible for anything over that allowed amount.

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

There are many more discounts available, ranging from bundling different policies together such as home and auto insurance or paying your premiums in one lump sum instead over monthly installments.

With this type of policy, your premiums start low and increase over time.

A permanent policy's cash value grows over time and can be used to pay premiums or take out a loan from the insurer.

You pay a flat premium over the duration of the policy, but the face value (death benefit) of the policy decreases over time.

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

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.

The cost of insurance over decades of potentially increasing premiums, all the while ensuring the insurance policy is large enough to cover the income tax liability, is problematic (alternatively one can wait until later in life to insure and take a chance on whether they can still obtain insurance).

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.

As with other whole life insurance policies, guaranteed issue policies will build a cash value over time and coverage lasts as long as you continue to pay the premiums.

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.

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.

Therefore, there is only about a 5 - 10 % saving in premium for a joint policy over two single life policies.

A large portion of your premiums payments will be invested in the insurance company's investment fund in whatever asset class you prefer (stocks, bonds, mutual funds, money market funds, etc.) Over time, this has the chance to generate a much larger cash value in your insurance account than a traditional whole life policy does.

Return of premium life insurance policies do just what they say: When the policy is up, the premiums paid over the previous decades are returned to the policyholder.

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.

For instance, just for switching over to a GEICO motorcycle insurance policy, customers become eligible for a 10 % discount on their annual premiums.

Also, when she took over the policy in 1981, she would have had to pay premiums as well.

Policies for which you pay the premiums over time can avoid the MEC classification provided the polices pass the «seven - pay test.»

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.

So, if you quit smoking 4 years ago and don't have a pressing need for coverage, waiting a year to apply may reduce your annual premiums and save you a significant amount over the length of the 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 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.

If you fund the contract with more premium than is necessary to keep the policy in force over any seven - year period, the life insurance policy fails the seven - pay test.

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.

You can choose to make smaller premium payments throughout the life of the policy, larger payments over a shorter period (known as limited pay whole life), or lower premiums in the beginning and higher premiums afterward.

Some agents will feature the convenience of no medical exam policies, but the time saved from undergoing a medical exam (which typically takes less than an hour and can be scheduled wherever is most convenient) doesn't make up for the additional cost of higher premiums over several years.

In this first example illustration provided from an A + rated carrier, we will be looking at how much $ 6,000 total premiums would generate over the first 30 years on a 10 pay whole life policy that the owner can continue to make base premium payments on after the initial 10 years.

When enough cash value has accumulated in your policy, you can use it to make premium payments over the lifetime of the policy, eliminating the need to make out - of - pocket payments.

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.

You may have the option to use the cash value to fund the policy, leaving you with no premiums to pay and a small cash value accruing dividends over the next few decades.

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.

As you continue to pay premiums on the policy and earn more interest, the cash value grows over the years.

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.