A 'small case' administrative fee charged on structured settlement annuities that are less than a specific size. This 'small case' fee is usually charged on structured settlement annuities that have a cost of less than $10,000 to $25,000. These fees, which change from insurance company to insurance company, are usually less than $400.
This is an administrative fee that is part of most life insurance policies. It ranges from about $40 to as much as $100 per year per policy. It is not a separate fee. It is incorporated in the regular monthly, quarterly, semi-annual or annual payment that you make for your policy.
In traditional (non-variable) life insurance, a flat, one-time charge, included in the premium, to help cover the one-time costs involved in issuing a policy. With variable policies, periodic charges assessed against accounts to cover costs.
(All) A flat annual (or monthly) dollar amount fee (example: $25 annually) to cover the costs of policy administration such premium collection and tax payments.
The policy fee is a pre-determined amount charged on most traditional insurance products to cover standard fixed costs that are incurred no matter what the policy variables are, e.g. the face amount, age. The fee is in addition to the business costs used in pricing the product and is added when calculating a policy premium. For non-traditional insurance products this type of fee is usually referred to as administrative charge.
An additional cost added to the premium to cover expenses. It is a set fee that is not based on policy size.
A special, one-time, first-premium charge to offset in whole or part the first-year acquisition cost rather than amortize it over several years. Also sometimes used as a "quantity-discount" device. The policy fee, being the same amount whether the insurance policy is for $1,000 or $1,000,000, means that the insured pays proportionately less as policy size increases - which is equitable in view of the fact that certain costs of acquisition (such as clerical costs) do not vary with policy size.
A flat charge, added to the basic premium cost, used for the administrative expenses the insurance company incurs in processing a policy.
A fee added to the premium to help defray the costs of acquisition and/or maintenance. The fee may be onetime or annual; some policies have no policy fee.
A flat charge for policy administration expenses usually included in the premium.
a flat amount added to premium to pay expenses. In some instances it is charged each time the premium is paid and in others, it is one time paid with the initial premium.
A charge made by an agent on small premium policies, in addition to the premium set forth in the policy, which is kept by the agent. The practice is made illegal under the insurance laws of most states.
(1) A one-time charge added to the first premium to help defray acquisition costs, now illegal in many states. (2) A flat, per policy charge that does not change with the size of the policy and thus serves as a form of quantity discount. Various insurers call it by other names, such as quantity discount factor and quantity adjustment fee.
Fee added to the periodic premium payments to cover undefined policy costs.
There are two calculations to determine the premium for term insurance. The Policy Fee which is a flat fee added to each policy and the rate per thousand times the number of thousands of death benefit. The policy fee is usually the same for all ages and amounts.
A charge by an insurer for issuing a policy, as distinct from the premium.
Generally an administration fee usually charged monthly or annually.
A fee that is added to the premium of the insurance company to cover the cost of administration of the policy