Sentences with phrase «total policy premium»

EARNED PREMIUM: The portion of the total policy premium that has been «used up» during a policy term.

8Auto / Home Multi-policy Discount: A discount will apply to the total policy premium for those insured with both home and private passenger automobile insurance with MetLife Auto & Home.

For instance, if a company is paying the total policy premium amount for every one of its employees, then it will be a non-contributory group life insurance plan.

You could save about an average of ten percent on your total policy premium if you take a defensive driving class that is accredited by the state.

Not exact matches

Premiums for cyber policies brought in a total of $ 1.35 billion last year and total premiums could surpass $ 10 billion by 2020, says Stroz Friedberg, a risk management Premiums for cyber policies brought in a total of $ 1.35 billion last year and total premiums could surpass $ 10 billion by 2020, says Stroz Friedberg, a risk management premiums could surpass $ 10 billion by 2020, says Stroz Friedberg, a risk management company.

You have certain types of income (such as business or farm self - employment income; unreported tips; dividends on insurance policies that exceed the total of all net premiums you paid for the contract; or income received as a partner, a shareholder in an S corporation, or a beneficiary of an estate or trust)

Behind the Headlines Total revenues rose 7.2 % year over year to $ 12.9 billion on the back of 15 % growth in premiums and a 1.3 % increase in policy charges and fee income, partially offset by 0.5 % lower net investment income.

If total disability begins on or after age 60, premiums are waived until the policy anniversary closest to age 65 or termination of disability — whichever is earlier.

If John is alive when his policy expires at the end of 20 years, the insurance company returns John's paid premiums, a total of $ 34,466.40.

HealthView Services» 2017 Retirement Health Care Costs Data Report found that a 65 - year - old couple that retired in 2017 — and is covered by Medicare Parts B, D and a supplemental insurance policy — can expect total healthcare premiums and out - of - pocket expenses to total an average of $ 404,253 in today's dollars.

Any dividends you receive that exceed the total amount of premiums paid on your policy are considered taxable.

3) Bharti AXA Life Premium Waiver Rider (UIN: 130B005V03): Under this rider in case of the unfortunate event of death, Total Permanent Disability or critical illness (in case of Policyholder) and Critical Illness (in case of Life Insured) the future premiums are waived off and the benefits under the policy will continue.

Under current federal tax rules, you generally may take federal income tax - free withdrawals up to your basis (total premiums paid) in the policy or loans from a life insurance policy that is not a Modified Endowment Contract (MEC).

The first instance would be to test the total premium payments in the first seven years of the policy to make sure it meets the 7 - pay test.

«Your personal possessions will cost tens of thousands of dollars to replace in the event of a total loss, yet the annual premium for a renters insurance policy is usually no more than $ 200.»

Premium Waiver rider (UIN: 130B005V03): 100 % of all future premiums under the base policy are waived and paid by the company on the death & total permanent disability or critical illness of Proposer, depending on the chosen option.

Better yet, dividends paid that do not exceed the total amount of premiums paid into the policy are viewed, by the IRS, as a return of those premiums and NOT taxable income.

Bonus paid is not that rewarding, but its the only returns for such policies on maturity because sum assured is the total of all your premiums paid.

Even if your policy's cash value is zero, your coverage will continue as long as the total amount of premiums paid has met the cumulative minimum required premium test.

In this first example illustration provided from an A + rated carrier, we will be looking at how much $ 6,000 total premiums would generate over the first 30 years on a 10 pay whole life policy that the owner can continue to make base premium payments on after the initial 10 years.

I always paid the premium on time till 2014 and surrendered these policies in June 2015 with a total surrender value of approx 2 L.

The total of your premiums paid plus interest minus any policy charges.

They can be as low as $ 0 (i.e you can pay the «minimum premium» of just the insurance cost) or you can increase your total premiums to start making contributions above your base insurance costs into the investment component of the policy.

i am 35 year old with a family of three, me, spouse and baby Policy term; 30 year life cover: 1,00, oo, 000 accidental death benefit: 63,00,000, Critical illness benefit 10,00,000 Total premium for this plan is 18,332.

especially valuable in a split - dollar business arrangement, equals the policy's face amount plus the adjusted total premium (total premiums paid, less any partial surrenders).

Paid up additions allow you to contribute more premium into the policy, but not exceeding the total limit set by formula described in the internal revenue code.

Suicide Clause: A life insurance policy provision that states if the insured dies by suicide within a certain period of time from the date of issue (usually two years) the amount payable would be limited to the total premiums paid minus any policy loans or outstanding premiums.

Dear Rajendra, May I know the total premium amount you pay on your Life insurance policies and total coverage you have (sum assured)?

2 The adjusted total premium is the initial single premium plus any underwritten increases, less any partial surrenders and any applicable surrender charges in excess of policy gain and any loans and accrued loan interest, The death benefit guarantee will not apply if the sum of any outstanding loans plus accrued loan interest is greater than the policy's cash value, The death benefit guarantee will not apply if the sum of any outstanding loans plus accrued loan interest is greater than the policy's cash value.

We also mentioned that no taxable income (or capital gain) is realized for amounts that do not exceed the total amount of premiums paid into the policy.

Waiver of Specified Premium Rider: the waiver of premium rider credits a specified premium amount to the policy, helping you make premium payments if you suffer from a qualifying total disability.

If John is alive when his policy expires at the end of 20 years, the insurance company returns John's paid premiums, a total of $ 34,466.40.

The cash value held in a life insurance policy is determined by subtracting the cost of insurance and other charges levied by the insurance company from the total amount of premiums paid plus any interest or capital appreciation earned on the cash value.

The premiums for most jewelry insurance policies are between 1 % to 2 % of the total insured value, meaning $ 10,000 of coverage might cost only $ 100 a year.

If total disability begins on or after age 60, premiums are waived until the policy anniversary closest to age 65 or termination of disability — whichever is earlier.

I did note the total $ 8.4 mio FY 13 premium was at a historically high ratio — for example, it's at the same level as the last FY, despite policy sales & maturities — so this seemed like a pretty high base to begin with in FY 13.

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.

CoverHound, the online property and casualty insurance comparison platform, today announced its key 2017 milestones, including seven new marketing partnerships, 13 new carriers, 281 percent growth quarter - over-quarter and 3,683 percent growth year - over-year in total commercial and cyber insurance policy premiums.

Policy details is as follows - Premium - 37300 (Yearly) Tenure - 20 Years Sum assured - 7,75000 Premiums paid till date - 3, Total amount paid - 1.11 L

As I mentioned in my earlier query, I have 7 endownment policies with profit (table no 14) in 2010 each of sum assured 2L and total premium of 51k yearly.

Currently I have spent rs. 1,40,000 in this policy (all prem paid till date) and current value is Rs. 1,59,000 [while units are not allotted from the premium of first year, as first year premium will go as a Guaranteed maturity addition and 80 % value will be added in total fund value]

After getting in touch with the LIC agent, he is telling that the total value of the policy is Rs 1,76,512 (premiums paid till date — Rs 1,09,512 plus Bonus of Rs 67000.

If the policy is a total mismatch to your requirements, it is better to let it lapse eventhough you stand to lose the paid premiums.

Total premiums received in the first three months after the policy date will be assigned a premium based charge at the end of the third policy month.

For example, if an individual purchased a policy on July 1 and made payments on a monthly basis, he would claim a credit in the current taxable year for 6 months of premiums and a credit in the second year for the next six months of premiums in order to reach the allowed total of 12 months.

All sorts of income can potentially be tax - free, including: Auto rebates; child - support payments; combat pay; damages in lawsuits for physical injury; disability payments, if you paid the premiums for the policy; dividends on a life insurance policy, up to the total of premiums paid; Education Savings Account withdrawals used for qualifying expenses; gifts; Health Savings Account withdrawals used for qualifying payments; inheritances; life insurance proceeds; municipal bond interest; policy officer survivor payments; profits from the sale of a home, up to $ 250,000 if you're single or $ 500,000 if you're married; qualified Roth IRA and Roth 401 (k) withdrawals; scholarships and fellowship grants; Social Security benefits (between 15 percent and 100 percent are tax - free); veterans benefits; and workers» compensation.

In this example, the present value of the death benefit exceeded the present value of the premium payments — i.e., the sum total of each year's discounted cash inflows / outflows is positive — and so the policy is sellable.

If you own a typical permanent life insurance policy (lifetime coverage) and did a straight present value calculation of the premiums you can expect to pay during your lifetime, the total will be less than the death benefit.

Compare Aegon Life Group Term and TATA AIA Group Total Suraksha on basis of policy details, premium details, eligibility etc..

Top up for TATA AIA Group Total Suraksha and Aviva Group Life Protect premiums, is an extra amount of money that you can pay at any time during the policy term.