Sentences with phrase «premiums than younger people»

It hardly seems fair that solid, experienced drivers should pay higher premiums than younger people, but often that is the...

Possible solutions include allowing insurance companies to charge higher premiums in general or to charge older people higher premiums than younger people.

Not exact matches

The higher costs are partly because the coverage under the ACA is required to be more comprehensive than many existing plans, and because the premiums paid by young, healthy people are helping to subsidize lower costs for older adults.

This new fund, together with the PE and sport premium, breakfast clubs and universal infant free school meals, amounts to more than # 1.3 billion that will be invested into education system between 2018 and 2019 to help young people enjoy healthier lifestyles.

This helps keep term life premiums lower for young people than permanent policies, which eventually will have to pay a death benefit.

Younger, healthier couples will typically pay lower premiums than older people will for a similar policy.

Age is one of the main factors life insurance premium rates are based on — older people pay significantly more in insurance premiums than younger ones (see Exhibit 1).

Although your premiums will be higher on average than a younger person, it does not mean that you are barred from inding the low cost life insurance for seniors over 60.

Monthly or annual premiums for young persons are relatively lower or cheaper than when you are older.

Group purchase can sometimes offer you a lower rate for a given death benefit either because the employer or other group sponsor subsidizes the premium or because the rates are averages weighted by people younger than you.

Both life and LTD insurance premiums are based on your health, and typically, young people are healthier than older people.

Althouh premium subsidies can't be used on catastrophic plans, a healthy young person who doesn't qualify for premium subsidies might find a catastrophic plan to be a better deal than a bronze plan.

Fiore says it's especially attractive to young people starting careers and families who need life insurance but don't have enough money yet to secure all the coverage with permanent life insurance, which has higher premiums than term life.

The premiums can be lower than a standard term life policy, so it often appeals to young people and families on a budget.

Younger, healthier couples will typically pay lower premiums than older people will for a similar policy.

This helps keep term life premiums lower for young people than permanent policies, which eventually will have to pay a death benefit.

It will usually result in a much lower premium than what a young person will get with an individual policy.

The advantages of level premium are: — As mortality risk increases with the age of the insured the actual premium chargeable at higher age is much more than that chargeable when a person is young.

Age Factor: Vehicle owner aged below 25 years will attract more premium than people who are above 30 years age slab, an analysis suggests younger age group are prone to vehicle accidents relatively.

Remember that you will be paying a higher premium for the same sum assured than people who are younger.

As with age, the mortality risk increases, the actual premium which is charged is higher than what is charged when a person is young.

The return of premium option generally is more favorable for a younger person as the increase over regular term premiums are smaller than with older consumers.

Age is one of the main factors life insurance premium rates are based on — older people pay significantly more in insurance premiums than younger ones (see Exhibit 1).