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What are the effects of premium increase when adding an ancillary benefit?
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How much does the cost of insurance increase after same-sex marriage is legalized?
If you pay your own premium or a portion of the premium, that premium should only increase if you add a spouse to your coverage, regardless of their gender. If your premiums are paid by your employer, then your cost will continue to be zero. If you are an employer who provides coverage to the spouses of employees, then the overall cost of that benefit will increase anytime a spouse is added, regardless of the gender of the spouse. It is important to note that you cannot legally deny the benefit on the basis of sexual orientation in the states where same-sex marriage has been legalized. If you are an insurance provider, then your revenues might increase somewhat and your costs might decrease somewhat, as happens when more people are insured.
What if an adjustable target life insurance policy?
WHAT???? Updated: I think the asker meant what IS an adjustable target LI policy. An adjustable premium life insurance product is universal life. These terms are synonomous. The feature of this type of product is that the insured can pay more or less (not less than the minimum premium in the first five yrs of policy) and thereby increase the death benefit or the length of guarantee. The target premium is a amount based upon the calculations made at the time of the illustration. It takes into account the premiums, death benefit and product specs. Target premium is sometimes called the commissionable premium, because the agent's commissions for that policy are based off of it.
What usually happens to the amount of the premium if the deductible is lower compared to a policy with a higher deductible?
The premium will generally increase.
Does travelers insurance increase premium over speeding ticket?
no
If you hit the garbage can with your car will the insurance company increase your premium?
no
Does hitting a deer increase your premium?
Only if you report it accurately.
How can you lower the cost of disability insurance?
The primary factors impacting your premium are: the elimination period, benefit period, and benefit amount. You can lower your premium cost by choosing a less costly configuration on one, two, or all three of these features.
Why would the cost of debt increase if the risk-free rate increase?
The rate of return on a security, in this case the debt, is defined by rd = rRF + Liquidity Premium + Maturity Risk Premium + Default Risk Premium Thus increasing the risk free rate (rRf) should increase the cost of debt. Hopefully that answers your question...
Why would the cost of debt increase if the risk free rate increase?
The rate of return on a security, in this case the debt, is defined by rd = rRF + Liquidity Premium + Maturity Risk Premium + Default Risk Premium Thus increasing the risk free rate (rRf) should increase the cost of debt. Hopefully that answers your question...
Can you use premium gasoline in Hyundai i10 hatchback instead of unleaded gasoline?
Premium gasoline is unleaded. Yes, you can use it, although there may be no actual benefit in it.
Do you need to turn in disability from a disability insurance on your federal taxes?
The answer depends upon how you paid the premium. If you paid the premium entirely yourself using after tax dollars, the benefit is completely tax free. If you paid through pre-tax payroll deductions at work, the benefit is subject to taxation, and you must declare the income on your federal return. If your employer shared in the cost of your premium, then the benefit is also taxable. Your insurance company will likely send you a 1099 statement if the benefit is considered taxable.
Can IRS take money out of your short-term disability?
The answer depends upon how you paid the premium. If you paid the premium entirely yourself using after tax dollars, the benefit is completely tax free. If you paid through pre-tax payroll deductions at work, the benefit is subject to taxation, and you must declare the income on your federal return. If your employer shared in the cost of your premium, then the benefit is also taxable. Your insurance company will likely send you a 1099 statement if the benefit is considered taxable.
