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What does insurance monthly premium means?
This is the amount of premium that a policyholder pays when he/she has chosen to pay it on a monthly basis. The annual premium is divided by twelve then any billing charge or service fee is added to the amount to get the monthly premium.
When you use the annual dividends to pay the annual premium on a life insurance policy what are the possible implications Can you use the accumulated cash values to pay the annual premiums if so what?
No you can't do that.
What is mode of premium payment?
This means at what interval do you want to pay your premiums. example, monthly, quarterly , semi-annual(2 x a year) or annually(once a year)
What is an annual premium for life insurance?
Single Premium Life Insurance policy is good for those who can pay a lumpsum in a single stroke. Like conventional life insurance policies, this policy too provides a security umbrella to the policy holder until the full policy term. Buy Single Premium Life Insurance Policy : insuringindia ‪#‎SPLPolicy‬ ‪#‎LifeInsurance‬ @insuringindia
Do you receive money back when cancelling a term life policy?
No, you usually do not receive money back when you can cel a term life policy. However, return premium term life insurance policies return premium to you if you outlive the term of your policy, less any expenses and fees the carrier charges. In addition, if you have paid your premiums ahead of time for an annual, semi-annual, or quarterly payment plan, you may receive the pro-rata premiums back for time you have not owned the policy.
What is the formula for annual premium?
Annual Premium= Annual Base Premium * Driver-Rating Factor To get annual base premium the formula is... Annual base Premium= Liability Premium + Collision Premium + Comprehensive Premium.
In what year did FS Investment Corporation - FSIC - have its IPO?
FS Investment Corporation (FSIC)had its IPO in 2014.
What is the difference between annual premium and installment premium?
The annual premium is paid once a year and the installment premium is usually paid monthly and usually has additional fees added which costs more than the annual premium.
What is the market cap for FS Investment Corporation FSIC?
As of July 2014, the market cap for FS Investment Corporation (FSIC) is $2,780,191,033.80.
What best describes gross annual premium?
In fact, gross annual premium includes tax element including service tax charged on premium amount.
What is the annual premium if the base premium is 212.15 and the rating factor is 1.65?
$350.05
Which term is defined as the payment an insured makes to the insurance company on a regular schedual?
that is the insurance premium (can be monthly, quarterly, semi-annual or annual premium).
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.
Colin has a full comprehensive premium of 32.00 and a 50.00 deductible collision premium of 120.40 His rating factor is 1.35 What is his annual premium?
205.74
If there is a policy that is three months old and you cancel it will there be any money back?
Depends on the mode of premium...that is, did you pay an annual (yearly) premium, a semi-annual, quarterly or monthly premium? Whichever mode you used, the insurance company will (should) refund the "unearned" amount you paid. For instance, if you paid an annual premium (12 months), and you cancel after just three months of coverage, then you should receive a refund equal to nine (9) months woth of premium, etc.
What is the symbol for FS Investment Corporation in the NYSE?
The symbol for FS Investment Corporation in the NYSE is: FSIC.
What is the accounting journal entry to record financed annual insurance premium?
Debit annual insurance premiumCredit cash / bank
