Sentences with phrase «termed as insurance premium»

These days, insurance companies offer a medium to calculate annual premium termed as insurance premium calculator.

Not exact matches

And while not every out - of - pocket health - care expense counts as deductible, long - term care insurance premiums do, with age - based caps on how much you can deduct yearly (see chart below).

Term life insurance policies are quite cheap and can come with a variety of riders offering such assistance as disability income, waiver of premiums, and an accelerated death benefit in the case you become permanently disabled.

Term insurance is for a specific period of time whereas permanent is for life as long as the premiums are paid.

However, during this time frame, your premiums will be assessed each year and will increase as you get older, unlike level term life insurance.

But, if you look at insurance more as an investment option and you can afford to the pay the long term premiums, whole life insurance is ideal for you.

Medical care expenses are a big category, and you should check out the IRS list of what qualifies, such as fees to doctors, dentists, surgeons, chiropractors, psychiatrists, psychologists and nontraditional medical practitioners, as well as insurance premiums you paid for policies that cover medical care or for a qualified long - term care insurance policy.

A return of premium rider is particular to term life insurance products as it allows you to recoup a portion (or all) of the premiums paid if you live past the full term.

The two primary categories of life insurance policy are term and permanent, with term policies only offering coverage for a fixed period of time, while permanent policies last so long as you continue to pay the premiums.

However, because the premiums for term insurance become more expensive as you get older, cash value insurance, which has level premiums, may be the more economical option if you want coverage throughout your life.

At certain points during the period of coverage, you can convert your term policy to a permanent life insurance policy (such as a whole life insurance policy or universal life insurance policy) and premiums are determined by your original health rating.

Instead of taking back the refund, you can choose other non-forfeiture options, such as using the cash to continue to pay premiums, acquire reduce paid - up insurance (using the cash to buy a reduced amount of permanent coverage) or acquire extended term insurance (keeps the coverage the same, but reducing the length of the policy)

Life insurance can be bought either as a permanent life insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of time.

Our life insurance products include final expense, term and permanent designs with the latest features such as critical illness coverage and an innovative approach to return of premium.

Since the insurer is guaranteed to pay a death benefit to your beneficiaries so long as all premiums are paid, permanent life insurance rates are significantly higher than those for term life insurance.

Term life insurance policies can be purchased to cover nearly any period of time, and will stay in effect for the entire period as long as you continue to pay the premiums (the cost of the policy, which can be paid on a monthly or annual basis).

Unlike term, permanent insurance generally includes an investment component along with the insurance policy, and carries higher premiums as a result.

Term life insurance lasts a set number of years and then expires; a whole life policy lasts for as long as you pay the premiums.

If you were self - employed in 2017, you can deduct premiums you paid for medical and dental insurance, as well as for qualified, long - term care insurance.

As term insurance is a long term product, you must be comfortable with the premium amount charged.

The duration or term of a life insurance policy is equally important as the cover amount and premiums of the policy.

Another thing to consider is that a mortgage life insurance policy is often written as a decreasing term policy, so the death benefit decreases over time, (just as your mortgage payoff amount decreases as you pay your monthly mortgage payments), but the premium remains the same over the life of the policy.

In order to understand return of premium insurance or premium return life insurance, as it is also known, you need to know how term life insurance works.

Term life insurance is not available as a standalone policy on children (because the term would likely be over by the time they needed income replacement for their own families), but a permanent policy will last their lifetime so long as the premiums are pTerm life insurance is not available as a standalone policy on children (because the term would likely be over by the time they needed income replacement for their own families), but a permanent policy will last their lifetime so long as the premiums are pterm would likely be over by the time they needed income replacement for their own families), but a permanent policy will last their lifetime so long as the premiums are paid.

Life insurance classified as return of premium (ROP) features a return of premiums paid to purchase coverage if the insured outlives the term of the policy, or payment of some portion of premiums paid to the beneficiary upon the insured's death.

Dividends can be used as cash, pay premiums, pay back loans, buy term insurance, or purchase additional paid - up insurance.

The two primary categories of life insurance policy are term and permanent, with term policies only offering coverage for a fixed period of time, while permanent policies last so long as you continue to pay the premiums.

A non-forfeiture benefit option is provided, allowing you to continue your life insurance plan as either extended term insurance or reduced paid - up life insurance if you choose to no longer make premium payments.

Initially, the premiums paid on cash value insurance, such as whole life insurance rates, are higher than those associated with term insurance, given that term insurance payments are used just to pay for current insurance coverage and not to build up cash value in the policy.

A return of premium rider is particular to term life insurance products as it allows you to recoup a portion (or all) of the premiums paid if you live past the full term.

Term life insurance has premiums that are initially less expensive and increase as we get older.

As noted above, and like many mortgage - related things, your mortgage insurance premium is based upon several factors, including your credit score, the amount of your down payment as a percentage of the value of the home (LTV); your choice of mortgage product (fixed rate or adjustable rate — and how frequent the rate adjustment will be); the length of the term of your mortgage (15, 20, 25, 30 years), the amount of the mortgage and of course the level of coverage the investor requires for your kind of loan and borrower profilAs noted above, and like many mortgage - related things, your mortgage insurance premium is based upon several factors, including your credit score, the amount of your down payment as a percentage of the value of the home (LTV); your choice of mortgage product (fixed rate or adjustable rate — and how frequent the rate adjustment will be); the length of the term of your mortgage (15, 20, 25, 30 years), the amount of the mortgage and of course the level of coverage the investor requires for your kind of loan and borrower profilas a percentage of the value of the home (LTV); your choice of mortgage product (fixed rate or adjustable rate — and how frequent the rate adjustment will be); the length of the term of your mortgage (15, 20, 25, 30 years), the amount of the mortgage and of course the level of coverage the investor requires for your kind of loan and borrower profile.

For 2013, the deductible portion of eligible long term care insurance premiums that may be included as medical expenses on Schedule A rises.

Unlike Term Life insurance, Permanent Life insurance, as the name implies, remains in effect as long as you make your agreed upon monthly premiums.

The insurance company will use the increased premium as insurance against an early term lapse in a policy.

As term to 100 does not have any cash values, premiums are typically less expensive than other permanent products that do have cash surrender values, such as whole life insurancAs term to 100 does not have any cash values, premiums are typically less expensive than other permanent products that do have cash surrender values, such as whole life insurancas whole life insurance.

An online term insurance plan with return of premium To ensure that our loved ones are never wanting in terms of financial resources to live the life of their dreams, protect their standard of living as well as ensure that any unfortunate event does not place on their shoulders the burden of our debts & loans.

Term insurance differs from the permanent forms of life insurance, such as whole life, universal life, and variable universal life, which generally offer lifetime protection as long as premiums are kept current.

The dividend can be used to purchase additional insurance, a combination of additional insurance and yearly term insurance (known as enhanced coverage), or reduce the premium.

Unlike term life insurance policies, these remain in effect as long as you pay your premiums.

I am planning to buy ONLINE pure / basic term insurance (term duration — 35 years) for both of us, before buying i have done some ground work and shortlisted below 2 plans as the premium of these are very less compared to LIC, SBI and ICICI.

As mentioned in the above list of best online term insurance plans, some life insurance companies provide optional riders (like Accident death benefit & Critical Illness) and optional features (like waiver of premium or monthly income options etc.,)

As with a traditional term life insurance policy, the premiums you pay are guaranteed to stay level for the entire term of your policy.

Whole life insurance is much more expensive than term life insurance — often 4 times as expensive for the same death benefit — because the premiums are going toward: the accumulating cash value, fees and charges (more on this later), and the death benefit (i.e., the life insurance).

Using a venerable actuarial tool called the Linton Yield Method, these returns are derived by comparing the cash value policy to the alternative of buying lower premium term life insurance and investing the premium savings in a hypothetical alternative investment, such as a bank account or a mutual fund.

Term should be purchased as part of a thoughtful strategy because, over time, the cost of term premiums may exceed that of premiums on permanent insuraTerm should be purchased as part of a thoughtful strategy because, over time, the cost of term premiums may exceed that of premiums on permanent insuraterm premiums may exceed that of premiums on permanent insurance.

Just like it sounds, a term insurance policy covers a defined period of time while a permanent life insurance policy is with you until death, as long as you pay the premiums.

Health insurance and Medicare premiums, premiums for long - term care insurance, nursing home costs, and orthodontics (as well as other costs) are all considered out - of - pocket medical expenses.

Term insurance provides protection for a specific period of time, usually 10, 15, 20, 25, or 30 years, as long as your premiums are paid.

The advantages of term life insurance are a lower initial premiums while you are young, leverage dollars into death benefit, specific tailored term lengths to cover measurable assets, such as a mortgage.