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A life insurance premium is the amount of money that is paid, on a periodic basis, to an insurance compasny in return for insurance coverage on a person's life. Provided that premiums are paid as and when due, the insurer is obligated to pay to the beneficiary(ies) the face amount of the policy. The amount of premium payable is determined primarily by the amount of life insurance purchased and the risk factors (age, medical history, etc) of the person to be insured under the policy.
What else can I help you with?
Is insurance premiums for fire insurance an example of variable cost?
is insurance premiums for fire insurance an example of variable cost?
Is there any life insurance that has single digit premiums?
Life insurance premiums vary by policy. There are few that offer single digit premiums.
What rights do an employee have if their company deducted insurance premiums from their pay but failed to pay the insurance premiums to the insurance company and the insurance was canceled?
Seek an Attorney.
Can you deduct insurance premiums on taxes?
Depends on how you paid the premiums. If you paid the premiums on a pretax basis, then you cannot declare the premiums. Many COBRA payments, retiree insurance payments and so on can be deducted.
Can a nursing home owner seek reimbursement from medicare for insurance premiums paid for laibility insurance?
No, Medicare does not reimburse liability insurance premiums.
Can you deduct group insurance premiums on taxes?
Depends on how you paid the premiums. If you paid the premiums on a pretax basis, then you cannot declare the premiums. Many COBRA payments, retiree insurance payments and so on can be deducted.
Where can I find information on life insurance premiums?
You can find information of life insurance premiums, and what their purposes are by asking your current insurance company provider for information on it.
Can you use HSA money to pay for insurance premiums?
No, you generally cannot use Health Savings Account (HSA) money to pay for insurance premiums. HSAs are meant for qualified medical expenses, not for insurance premiums.
Do Mortgage insurance premiums payments have be escrowed by the lender?
Yes, Mortgage Insurance Premiums Payments do have to be es-crowed by the lender.
What Is Premium Diversion?
Premium diversion is the embezzlement of insurance premiums. It is the most common type of insurance fraud. Generally, an insurance agent fails to send premiums to the underwriter and instead keeps the money for personal use.
How can I find health insurance premiums on my W2 form?
Health insurance premiums are not typically listed on a W2 form. You can find information about your health insurance premiums on your pay stubs or by contacting your employer's human resources department.
How do the premiums for The Hartford insurance compare to premiums for other providers?
Buying insurance can be a stressful activity. Comparing premiums is a great start to finding what is the righ company for you. The Hartford has much higher premiums compared to both State Farm and AAA. This is based on car insurance figures.
