Sentences with phrase «single upfront premium»
We want insurers to stop selling the products through a single upfront premium.
https://www.moneysmart.gov.au/ Not exact matches
Single premium PMI allows the homeowner pay the mortgage insurance premium upfront in one lump sum, eliminating the need for a monthly PMI payment.
Mortgage insurance is sometimes paid upfront (UFMIP) or as a single - premium; and is sometimes lender - paid (LPMI).
The appeal of taking the search for a partner online is obvious, particularly when you choose a more premium site: not only will you get a chance to be upfront about your dating needs, you'll become part of a community like - minded singles, and receive the support and encouragement you need to connect with a deeply compatible match.
Single - premium mortgage insurance is a third alternative for conventional mortgages, where the insurance is paid for in one larger upfront payment.
Single premium PMI means you pay the mortgage insurance premium upfront in a lump sum, either in cash or by financing it into your loan amount.
Still, paying upfront may reduce the total amount you spend on mortgage insurance, making single - premium insurance another viable option depending on your lender's practices.
We found that consumers are often unaware that they even have the policy when it's paid upfront as a single premium and in some cases it means that the total amount that the consumer is paying is more than they will ever receive or could ever receive if they made a claim.
Upfront, single premium private mortgage insurance allows you to pay a single premium at settlement.
Immediate annuities are sometimes referred to as single premium immediate annuities, because you make the upfront investment (the «premium», in insurance terminology), and then begin receiving benefits (income payments).
My job as Stan The Annuity Man is to work with the hundreds of single premium immediate annuity carriers to maximize the annuity side of the strategy by finding the highest contractual lifetime payout for lowest upfront dollar amount.
As the name suggests, for a single premium policy you would have to pay the premium amount upfront.
A single premium life insurance policy is an insurance policy in which the policyholder pays a large amount upfront, a one - time premium payment, in order to receive life insurance coverage.
You pay the mortgage insurance premium upfront in a single lump sum, eliminating the need for a monthly PMI payment.
Because the single premium is paid in full upfront, there's no danger that the policy will accidentally lapse.
«Companies have started to implement a single premium design language that ultimately blurs the lines between the high - end and the low - end, allowing the average consumer to jump on the brand without a hefty upfront investment,» he added.
The down payment assistance may also be used to pay closing costs (including an upfront single mortgage insurance premium, if necessary, and thus eliminating the monthly mortgage insurance premium payment).