FIXED PREMIUM - Payments of a fixed or equal amount paid to an insurance company for insurance or an an... FIXED PRICE BASIS - An offering of securities at a fixed price.
Whole Life: Fixed premiums Fixed death benefits Fixed cash valueUniversal Life: Flexible premiums, Flexible death benefits, Cash value (depends on how the premiums have been invested) Policyholder directs where the premium funds are invested.
fixed premium Periodic, equal-sized payments made to an insurance firm for an insurance policy or annuity. fixed rate A loan in which the interest rate does not change during the entire term of the loan. Opposite of adjustable rate.
Fixed Premiums Premiums paid to an insurance company that are fixed throughout the life of the policy....(Read more) Fixed Rate Mortgage ...
A whole life insurance policy is a type of permanent insurance that provides a guaranteed death benefit and has fixed premiums. This traditional life insurance is sometimes also known as straight life insurance or cash value insurance.
A nonassessable mutual charges a fixed premium and the policyholders cannot be assessed further. Legal reserves and surplus are maintained to provide payment of all claims.
A floating rate is usually fixed at a fixed premium in percentage points (or basis points) above a market rate such as LIBOR, a particular bank's declared base rate or a central bank's official base rate.
A policy that offers fixed combinations of building/contents coverage or contents-only coverage at modest, fixed premiums.
Investments that have specific interest rates, such as bonds. Fixed premium Payments of a fixed, equal amounts paid to an insurance company for insurance or an annuity. Fixed price basis ...
Some policies offer fixed premium rates for a certain number of years, usually ten, after which they are renewable at a higher premium rate. Other term policies are renewable every year, and charge escalating premium rates as the policyholder ages.
See also Adequacy of Coverage; Annual Exclusion; Cash Value Insurance; Contingent Beneficiary; Convertibility; Death Benefit; Experience Rating; Financial Needs Approach; Fixed Premium; Fully Paid Policy; Guaranteed Insurability; Hidden Load; ...
See also: Saving, Expense, Values, Compensation, Banks
 
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