Sentences with phrase «subsequent premiums»

You can pay more than your monthly premium with subsequent premium payments.

Second, after the commissions are paid, the ROI on subsequent premiums is currently 4 %, integrated over the past 23 years.

Payment of subsequent premiums: The policyholders can pay the further premiums through credit card, net - banking, or debit card.

Minimum subsequent premium amounts and limitations to when they are allowed prior to income start date may apply.

This means, an increase in subsequent premiums if a claim was made.

If you have paid all premiums for a full five years and miss subsequent premium (s), you are auto - covered for a period of two years.

After the payment of first initial premium, subsequent premium payments made periodically to keep the policy in force and avail policy benefits.

The initial minimum premium payment is $ 5,000, and minimum subsequent premiums are $ 100.

The policy acquires Reduced Paid - up Value if subsequent premiums are not paid within the Grace Period after the policy acquires Surrender Value.

For owners of contracts issued up to age 69, EarningsMax will pay your beneficiaries an additional 40 % of the contract earnings (earnings not to exceed a maximum of 100 % of premium payments, excluding subsequent premium less than 12 months old and adjusted for withdrawals).

For owners aged 70 - 75 at issue, EarningsMax is calculated at 25 % of contract earnings (earnings not to exceed a maximum of 100 % of premium payments, excluding subsequent premium less than 12 months old and adjusted for withdrawals).

Then, during the deferral period — the time between your initial premium and your income start date — you have the option of making subsequent premium payments at any time (up until two years prior to your income start date).

Under the third option of Premium Offset, the earned bonus can be used to adjust against subsequent premiums.

Apart from this, IRDA's abolition of claim - based loading on subsequent premiums also plays a role in pushing the premiums higher.

Auto Cover — Auto Cover period of 2 years is available on a policy of at least 5 full years on which subsequent premium is not dully paid.

For other policies, the service tax on the gross premium for the first year has been hiked from 1.5 % to 3 %, while subsequent premiums will be taxed at 1.5 %.

1Guaranteed death benefit can expire if no premiums are paid following initial premium, or if subsequent premiums are insufficient or if account value is reduced by withdrawal or loan.

If you have made payment of the premiums for around three consecutive years and the payment of subsequent premiums have not been made, the policy obtains the Paid - up value.

Since they earn the highest commission usually at the rate of 35 % of the first - year premium and 5 % on subsequent premiums, they tend to convince and sell it to you.

Then, during the deferral period — the time between your initial premium and your income start date — you have the option of making subsequent premium payments at any time (up until two years prior to your income start date).

For owners aged 70 — 75 at issue, EarningsMax is calculated at 25 % of contract earnings (earnings not to exceed a maximum of 100 % of premium payments, excluding subsequent premium less than 12 months old, and adjusted for withdrawals).

The initial minimum premium payment is $ 5,000, and minimum subsequent premiums are $ 100.

In certain states, we reserve the right to refuse any subsequent premium payments.

Subsequent premium may be restricted in some states.

After the end of the first year, depending on the term of the promotion, the subsequent premium may be quite high.

In certain states, we reserve the right to refuse any subsequent premium payments.

2Death benefit can expire if no premiums are paid following initial premium, subsequent premiums are insufficient or if account value is reduced by withdrawal or loan.

Avoid Modified Endowment Status: If the subsequent premiums paid into the new policy, other than the exchange proceeds, are within the new 7 - pay limit, then a 1035 Exchange of a life insurance policy allows the policy owner to place the original contract's entire value in the new policy without creating a modified endowment contract, or MEC.

That deductible on your policy, and the subsequent premium increase, is much more expensive than a night in a hotel in the middle of a long road trip.

The consumer protection portion of the bill changed how auto insurance companies in the state could rate — that is, determine the risk posed by a driver and the subsequent premium associated with that risk.

This benefit is usually provided in the form of a discount on the subsequent premium.

Deposit term insurance: A form of term insurance in which the first - year premium is larger than subsequent premiums.

The plan promises an auto cover for one year if at least 3 full premiums have been paid and subsequent premiums are unpaid

* With Universal Life Insurance it is possible that coverage will expire when either no premiums are paid following the initial premium or subsequent premiums are insufficient to continue coverage.

[2] With Universal Life it is possible that coverage will expire when either no premiums are paid following the initial premium or subsequent premiums are insufficient to continue coverage.

[3] With Universal Life it is possible coverage will expire when either no premiums are paid following the initial minimum premium or subsequent premiums are insufficient to continue coverage.

* With Joint Universal Life it is possible that coverage will expire when either no premiums are paid following the initial premium or subsequent premiums are insufficient to continue coverage.

All subsequent premiums are waived off and paid by the company under the inbuilt Premium Waiver Benefit.

But assuming you've paid the first month, subsequent premium payments qualify for the three month grace period.

Cancellation of the mortgage insurance — and its subsequent premium payment — upon building up sufficient equity (approximately 80 % of the home's original value, with most lenders)

Coverage will expire when either no premiums are paid following the initial premium or subsequent premiums are insufficient to continue coverage.

This is a form of Term Insurance in which the premium paid in the first year is more than the subsequent premiums.

The guidelines also added that the maximum expense, including commission, should not exceed 27.5 per cent of the first year premium in the first year, 7.5 per cent of the premium in the second and third year and 5 per cent in the 4th year and subsequent premium.

The subsequent premium can be paid online either through Net - Banking / Credit Card / Debit Card.

The subsequent premiums are proportionately reduced to Rs. 11,130.

If a minimum of three years of premiums have been paid and subsequent premiums are not paid within the Grace Period, the policy acquires Paid - up Value.

If 3 full premiums are paid and subsequent premiums are missed, the policy continues with full insurance cover for 2 years under the Auto Cover Continuation feature

There is an Extended Life Cover option under which if the premium for one year is completely paid, the plan will run for one year if the subsequent premiums are unpaid.

With Survivor Universal Life it is possible that coverage will expire when either no premiums are paid following the initial premium or subsequent premiums are insufficient to continue coverage.