Sentences with phrase «premiums than applicants»

Applicants diagnosed with Chron's disease at a younger age, typically under 45, will pay higher premiums than applicants diagnosed over the age of 45.

Not exact matches

The successful applicant will have: • Bachelor's Degree (completed no more than three years ago) in the disciplines of: o Viticulture and Oenology; or o Wine Science; or o Wine Growing; • Australian work rights; • Demonstrate motivation to further develop your knowledge and skills in Winemaking; • Strong desire to pursue a career in a leading premium global wine business; • Have a true passion for wine; and • Have an innovative mindset and a convivial spirit.

If you are older, it's a good time to shop (for the best premiums): Among insurance companies, the discrepancies in the amount you pay as a premium are much larger for seniors than for younger applicants.

Preferred Rating Class: One of the best premium rate classes available on life insurance policies for applicants that are determined by underwriting to be in better than average health.

Insurers use a complex classification system to determine your personal premium rate, but, broadly, the best rates go to younger, healthier applicants since they pose less risk to the insurer — meaning they're less likely to die — than their older, unhealthier counterparts.

With guaranteed issue life insurance policies, because there is no medical exam or underwriting, insurance companies have no information other than the applicant's age and gender on which to base the premiums.

It is important to note that because the applicants for guaranteed issue life insurance are typically those who have health issues, the premiums for these policies are much higher than those of traditional life insurance plans.

Preferred Plus Rating Class: The best premium rate class available on life insurance policies for applicants that are determined by underwriting to be in better than average health.

Standard Plus Rating Class: The premium rate class available on life insurance policies for applicants that are determined by underwriting to be of slightly better than average health.

A lot of 80 year old applicants assume that the premiums aren't worth it, but it's much better than leaving your loved ones with a mountain of debt and final expenses.

Because these plans typically cover applicants who are considered to be riskier in terms of age and health, the premium is usually higher than that of a traditionally underwritten policy.

For example, because many people who purchase no medical exam life insurance are over age 50, it is likely that these applicants are riskier to a life insurance company — and because of that, the premium that is charged for no medical exam coverage is typically more than that of a comparable medically underwritten plan.

Apparently, the younger you are the less responsible you seem, making your premium higher than older more mature applicants.

According to Swiss Re, one of the world's largest reinsurance companies, more than 85 percent of life insurance applicants are accepted at standard premium pricing and only 1 - 2 percent of applicants are ever refused coverage.

Nonetheless, the amount charged on top of the standard premium paid by healthy applicants will vary from company to company, with many companies charging up to four times more than the premium rates paid by non-smokers.

Insurers use a complex classification system to determine your personal premium rate, but, broadly, the best rates go to younger, healthier applicants since they pose less risk to the insurer — meaning they're less likely to die — than their older, unhealthier counterparts.

As a result of his intense involvement with the insurance business, he developed a theory that, by screening auto insurance applicants much more thoroughly than was the prevailing industry standard, he could offer insurance policies at a reduced premium cost to drivers who had previously been classified as «bad drivers,» one of the two broad classifications used at the time.

Table B means the applicants would have to pay 50 % more than Standard premiums (see table below for reference).

Platinum boasts multiple new features at no additional cost, including a return of premium rider, guaranteeing the policy's cash surrender value will never be less than the premium payment; accelerated benefit riders for chronic illness, critical illness, and terminal illness; and a charitable giving rider, a unique feature that provides an additional death benefit of 1 percent of the policy face amount to the applicant's charity of choice.

In this estimate of life expectancy, if the applicant were to live as long or longer than anticipated based on the mortality table, then the funds that the insured has paid into the policy in the form of premiums will typically create enough of an investment for the insurer to take on the risk.

Additionally, most guaranteed life insurance policies are going to be priced at a higher premium than you would find with other more traditional types of life insurance which require the applicant to be able to qualify based on their health.

Whereas if an applicant is a 60 - year - old skydiving instructor, then that applicant carries a much higher risk of dying and the life insurance company is going to require that they pay more in premiums than the 30 - year - old pre-school teacher.

Younger applicants of such coverage will always pay far cheaper premiums than compared to senior citizen applicants.

It is important to note, however, that because there is not medical exam that is required, these policies may be taking on applicants who are more risky to the insurance company — and because of that, the premium that is charged for this type of coverage may be higher than that of a comparable policy that is traditionally underwritten.

It is important to note, however, that because the applicants who purchase no exam life insurance are often considered to be a higher risk to the insurance company due to their age and / or health, the premium that is charged for this coverage is usually higher than the cost of a comparable plan that has medical underwriting.

Likewise, because women tend to live longer — on average — than men, the premium for a male applicant may be slightly higher than that for a female, with all other factors being equal.

It is important to consider, though, with a no medical exam life insurance policy, that because the insurance carrier is taking on higher risk applicants with these plans, the premium that is charged will be higher than for policies that are traditionally underwritten.

These policyholders generally pay a lower premium rate than standard rated applicants.

If the applicant passes away during the limited or graded benefit period (first two or three years of the policy) from anything other than an accident, then the death benefit will not be paid, just the premiums paid will be returned with some interest to the beneficiary.

Therefore, because the applicants for these types of policies are oftentimes those who have adverse health conditions — and could pose the risk of claim to the insurer — the premiums are typically much higher than those of a comparable traditionally underwritten policy.

As with the guaranteed acceptance life insurance coverage, the premiums that are charged for simplified issue policies will typically be much higher than those of regular coverage due to the higher risk applicants that apply.

Applicants who are less than 25 years of age will have to pay more on auto insurance premiums as they are considered to belong to the high risk groups.

If the applicant has any existing health problems the insurance premium payments will more than likely be higher.