0
Is this true the premium for terms life insurance are higher than cash value insurance premiums?
Wiki User
∙ 11y ago
Premium for term life insurance is always lower in comparison to endowment, ulip or any other life policies.However, age factor plays a part in determining the premia for term life insurance.The reason for lower premium in term life insurance is that there is no maturity payment and payment is only made to the nominee in case of any eventuality of the life assured.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What does about mean in mathematical terms?
about in mathematical terms mean to round!
4x -7x is this like terms or unlike terms?
11
Is 4x and 4y like terms?
no,, to be like term they must have the same variable,, such as 4x and 9x.. or 1y and 300y...
Like terms have the same variable but may be raised to different powers?
No. Like terms should contain the same variable or variables, raised to the same powers. Like terms are those that can be combined by addition or subtraction.
Simplify the expression 3xy plus 5xy by combining as many terms as possible?
There are only the two terms, so 8xy
Which has a higher premium life insurance or endowment policies?
Endowment policies. In normal life insurance policies, if you outlive the policy term you wont get any money. Whereas, in case of endowment policies, the insurance company returns a big % of your insurance premium to you at the end of the tenure. So, these policies are much higher in terms of premium when compared to regular or pure-term life insurance policies.
Do fixed car insurance premiums ever increase?
If you were involved in an accident that was your fault, regardless of the terms of your insurance, your premiums will go up. You insurance agent can give you more details.
What is typical Long-term care premium?
Premiums vary by company and the terms of the policy but the older you are, the higher the premium. And when you reach an "advanced age" you probably won't qualify. If you are approaching age 62, you are running out of time to get a "reasonable" rate.
What terms is the amount you or your employer pays in exchange for insurance coverage?
It is called a premium.
When do you stop paying for whole life insurance?
Whole life insurance has a definite period during which premiums are paid. This will be specified in the policy. When first purchased, in addition to the amount of insurance selected, the purchaser selects the period of time that premiums will be paid. The amount of premium will depend both upon the amount of insurance and the length of time that premiums will be paid. Once the selections are made, assuming that the insurance company issues the policy on the terms that you have requested, the policy will state those. Once premiums have been paid for the stated period of time, the policy is considered to be "paid up", and no further premiums need to be made. A whole life policy also accumulates "cash value". This can be considered to be a sort of savings account within the policy. Every premium is allocated between the cost of the protection (the insurance itself) and the cash value. A point may be reached where the accumulated cash value, and the interest or dividends that it accrues, is enough to pay future premiums. If that happens, the obligation to pay premiums may end before the time stated in the policy.
What are some different types of insurance terms?
The different types of insurance terms are "Annual renewable term" and "Level premium term." The Annual renewable term usually has the lowest annual premium to start and the Level renewable term lets you lock in your premium for that period.
What terms is used for the amount charged for a medical insurance policy?
The term is "premium".
What is significant regarding premiums and benefits of private commercial insurance companies?
In any insurance scenario, a premium is the periodic payment made to the insurer by the insured. Essentially, it is the price paid to the insurer in return for which the insurer agrees to assume a certain bundle of risks of loss that the insured wishes to transfer. That "bundle" is set forth in the terms of the written insurance policy. Insurance premiums, and insurance generally, is regulated by the States in which the insurer transacts business. One the primary factors with which the regulator is concerned is that the premium charged is sufficient to offset the risk. It cannot, however, be either excessive or unfairly discriminatory. This means that insurance rates, from which premiums derive, must be the same for all insureds of the same risk class. Those risk classes vary greatly in commercial insurance due to the many and varied kinds of risks that can be insured.
What is the best insurance quote out there?
Insurance is very subjective so only the individual looking for the insurance can determine what the best quote is. Look at the coverage, the terms and the premiums to decide which quote is best.
What terms of life insurance are offered by Direct Line Life Insurance?
The terms of life insurance are as follows: You start paying at å£6 monthly increments. Your premiums and cash sum amount will stay the same unless you decide to alter your payments.
Check Your Premiums with an Auto Insurance Calculator?
Some auto insurance sites offer an auto insurance calculator to let you estimate your own price quote and monthly payments. These calculators are free of charge and easy to use, and they are very useful because they let you input different deductibles to see how choosing a higher deductible might lower your premium. When an auto insurance calculator is available, use it first to get an idea of the prices offered by the insurance company, and then once you have decided on a deductible, get a definite online quote and read the terms carefully before making your final decision.
If you're doing an FHA loan are you obliged to get FHA mortgage insurance?
Yes, FHA Loans all have mortgage Insurance.Removal of FHA Mortgage Insurance: * For mortgages with terms more than 15 years, the annual mortgage insurance premiums will be canceled when the Loan to Value ratio reaches 78%, provided the mortgagor has paid the annual premium for at least 5 years. * For mortgages with terms 15 years and less and with loan to value ratios 90% and greater, then annual premiums will be canceled when the Loan to Value ratio reaches 78%, regardless of the amount of time the mortgagor has paid the premiums. * FHA Loans with terms 15 years and less and with loan to value ratios of 89.99% and less will not be charged annual FHA mortgage insurancepremiums.
