Sentences with phrase «risk to the insurance company»

Buying life insurance without a physical already has miniature fees built in because of higher risks to the insurance companies, too.

Drivers under 25 pose the greatest risk to insurance companies because of their high level of at - fault accidents.

Since the conversion from term to whole life will involve a certain amount of risk to the insurance company, they will charge a higher premium for the privilege.

These features make accidents or theft less likely or less severe, making you a lower risk to the insurance company.

The deductible is the amount of risk that you retain when you transfer risk to the insurance company.

The cost rises, per dollar at risk to the insurance company, each year of the policy as the insured person ages.

It's a combination of transferring your personal risk to an insurance company and paying them money in return for their acceptance of the risk.

On the other hand, there are many steps you can take to once again reduce your premium and reduce financial risk to the insurance company that holds your policy.

If you maintain a healthy and safe lifestyle, you pose little risk to the insurance companies, and your price for life insurance should reflect that.

Between the two types of hybrid platforms, annuities typically require the least amount of underwriting as there is less immediate capital risk to the insurance company.

Young men, not surprisingly, pay some of the highest insurance rates around because they pose the largest risk to insurance companies.

Also seniors of age 75 and above are also posting more risk to insurance companies thus they receive expensive rates as well.

Life insurance is priced based on risk to the insurance company.

While not everyone is approved, those who qualify for the best rates are the healthiest and pose the least risk to the insurance company they applied to.

Depending on your history of documented substance abuse, you may be considered a death risk to the insurance companies.

Not surprisingly, short term life insurance is cheap because of the decreased risk to the insurance company.

Your credit score is a great way to gauge one's responsibility, very similar to the way a driving record is used to determine a driver's monetary risk to an insurance company.

Which means they can be a safer risk to insurance companies and, therefore, qualify for a lower rate.

If you look irresponsible you will appear to be a bigger risk to an insurance company.

Using tobacco drastically increases your chances of having various kinds of cancers, which makes you a much higher risk to the insurance company.

If you're listed as a smoker on your application, you're going to pose a much greater risk to the insurance company.

The deductible is the amount of risk that you retain when you transfer risk to the insurance company.

Additionally, it builds cash value that reduces the net amount at risk to the insurance company, thereby reducing the total costs associated with providing insurance over time.

Having a clean driving record is one of the easiest ways to receive a low premium rate because you are seen as a low risk to the insurance company.

It's a combination of transferring your personal risk to an insurance company and paying them money in return for their acceptance of the risk.

Using term life insurance is the most affordable method of transferring a financial risk to an insurance company.

On the other hand, since you present little risk to an insurance company, you could lock in a low rate for a permanent life insurance policy, for years to come.

Between the two types of hybrid platforms, annuities typically require the least amount of underwriting as there is less immediate capital risk to the insurance company.

Because of this medical exam, the insurance company will be able to determine whether or not you have various health issues — some that can make you a higher risk to the insurance company if they accept your application for insurance protection.

Most states will require you to carry an SR - 22 state of liability for 1 to 3 years after the accident in addition to your regular insurance, and your insurance rates are almost certain to increase because you have demonstrated that you pose an increased risk to the insurance company by driving while impaired.

As mentioned in the previous section, a blood test is required for life insurance because it aids in assessing your overall risk to the insurance company.

The lower your credit score, the higher your perceived risk to an insurance company and, just like a high - risk driver, a high - financial risk client will often pay a higher rate.

Whether you are «high risk» due to a hazardous job or occupation, the dangerous activities or hobbies you engage in, are a smoker or have a health condition such as diabetes, high blood pressure, cholesterol, or bipolar disorder, you pose additional risk to the insurance company underwriting your contract.

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.

Underwriting is the process used to determine if you're an acceptable risk to an insurance company.

Installment of safety features in your car decrease the chances you will be involved in an accident as well as the chances of you getting injured in the event of an accident, anti theft systems and burglar alarms decrease the chances of your vehicle being stolen; and this lower risk to the insurance company boils down to a discount for you.

For example: if you had a $ 100,000 whole life insurance policy, and you had accumulated $ 15,000 in cash value, the only risk to the insurance company would be $ 85,000 (your $ 15,000 cash value deducted from the $ 100,000 coverage amount).

However, if you outlive the term of the policy and try to renew it, the money you saved initially is lost because the renewal cost will be based on your current age, which means you will be a much higher risk to the insurance company at renewal time.

While the initial search may seem expensive for some areas, the title policy transfers risk to the insurance company and minimizes yours as the buyer.

The charge per dollar at risk to the insurance company (this is defined as the death benefit that would be paid on a claim, minus the current cash value) unequivocally will rise over time.

In fact, an insurance agent may be an ATV owner's best friend when it comes to buying comprehensive insurance that transfers personal risks to an insurance company.

You pay a little money monthly (monthly premium) to transfer a larger financial risk to an insurance company (your death benefit payout).

This essentially means there is very little risk to the insurance company to insure you — you're healthy and your family history is relatively clean.

Safer roads make for lower risks to insurance companies, and that means lower rates, but before any of that can happen, Samsung has to get this groundbreaking technology approved.

2) Join an owners» club — «enthusiasts» represent a lower risk to insurance companies.