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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.
Do most credit cards charge an annual fee?
Most credit cards do not charge an annual fee, but some premium or rewards cards may have an annual fee associated with them. It's important to carefully review the terms and conditions of a credit card before applying to understand if there is an annual fee.
What are the different levels of credit cards available and how do they differ from each other?
There are typically three levels of credit cards: basic, rewards, and premium. Basic cards have no annual fee and offer standard benefits. Rewards cards offer cash back, points, or miles for spending. Premium cards have higher annual fees but offer more perks like travel benefits and concierge services. The main difference is in the rewards and benefits offered, with premium cards providing more exclusive perks.
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 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 of Katy's car insurance if the base premium is 250.25 and the rating factor is 2.35 (Round to the nearest cent.)?
To calculate Katy's annual car insurance premium, multiply the base premium by the rating factor: (250.25 \times 2.35 = 587.5875). Rounding this to the nearest cent, the annual premium is $587.59.
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.
How do you annualize prorated premium?
To annualize a prorated premium, you first determine the total premium for the full policy term and then divide it by the number of months covered by the prorated amount. Multiply the resulting monthly premium by 12 to convert it into an annual figure. This method gives you the equivalent annual premium based on the prorated amount, allowing for an accurate comparison with other policy options.
