A premium that remains the same, not increasing with the insured's age, throughout all the premium payment year s of the contract.
A life insurance premium that remains fixed throughout the life of a policy and yet makes possible, by means of an accumulating reserve, the payments of all death claims as they occur in a given group.
A premium that remains the same, not increasing with the insured's age, throughout a premium payment period specified in the policy.
a flat rate that remains the same for as long as you own the contract
A premium that remains the same, as opposed to increasing with the insured's age, throughout the premium payment years.
Term policies frequently come in versions of 5-year level term, 10-year level term, 15-year level term, 20-year level term, 25-year level term, and 30-year level term. The premium charged throughout the period remains the same, or "level," throughout the specified term. The death benefit provided also remains the same throughout the selected period.
Rating structure under which the premium remains the same while the policy is in force.
A premium that remains constant through the life of the policy.
Life insurance for which the premium remains constant from year to year. During the early years, the premium is normally more than the actual cost of protection. In the later years, the policy's premium is actually lower than the actual cost. The concept is for there to be a reserve established as the natural result of level premiums. The payments of the formative years, together with the interest that is earned, balances out the underpayment of the latter years.
The premium is fixed at the time the policy is purchased and cannot be changed during the term of the contract.
A life insurance premium whereby the policyowner intends to pay the same premium amount each year the policy is active.
A premium which remains the same, generally through the insured's age 65.
The same premium paid throughout the term of a policy.
Life insurance for which the premium remains the same from year to year. The premium is normally more than the actual cost of protection during the earlier years of the policy and less than the actual cost in the later years. The building of a reserve is a natural result of level premiums. The payments in the early years, together with the interest that is to be earned, serves to balance out the underpayment of the later years.
Premium that stays the same or is fixed for the entire time the policy is in force, or for a specific number of years.
Rating structure under which the premium level remains the same throughout the life of the policy.
the premium in a policy which remains the same over the period of time premiums are paid. Normally an insured would pay a smaller premium in the beginning years and a greater premium in the later years of a policy. The level premium eliminates this premium fluctuation by accumulating the excess premiums paid in the early years to a reserve for later years.
A type of term insurance in which the premiums remain the same throughout the term of the policy. The premium is usually more than the actual cost of protection early in the policy, and less later in the policy. This reserve built up in the early years couples with earned interest to make up for the underpayment later in the policy.
A premium that remains the same throughout the life of the policy
A policy that is sold on the basis that the premium will remain the same throughout the life of the policy. An insurer may seek a premium increase for all policyholders in an insured class, and such an increase will apply to all policyholders within the class if granted. The New York State Insurance Department reviews such requests to determine whether they are justified on the basis of the insured class solvency.
Generally refers to the initial period of a term policy in which the premiums are guaranteed to remain fixed. At the end of the initial period, premiums will generally increase annually and at a significantly higher rate than the level premium.
A premium that does not change throughout the paying period.
An insurance policy with a fixed premium.
A premium which remains unchanged throughout the life of a policy, example: level term insurance and long term care insurance.