0
How do you figure a title insurance premium using a risk rate Example 50000 policy based on a risk rate of 30.00 per thousand?
Styleandease
Hi - this is some basic math $50,000.00 insurance policy at a rate of $30.00 per thousand # 50,000 divided by 1000 = 50 # 50 x $30.00 = $1500.00 premium charge
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
How much does Primerica Life Insurance cost?
Unfortunately, life insurance is never a cut-and-dry solid price. Like all kinds of insurance, the cost of life insurance varies widely from individual to individual; insurance companies hire people specifically to figure out just how much to charge people based on statistical information. The best way to find out how much it costs is to contact the Primerica Life Insurance itself. It may be helpful, however, to note that, according to some, Primerica is rather pricey for life insurance.
What factors should be considered when deciding whether or not to purchase cash value life insurance?
Cash value life insurance also called permanent life insurance has two different types: Whole Life Insurance, and Universal Life Insurance. They are pretty similar to the extent that both accumulate cash value that can be used for different purposes like: increase the death benefit, can be used as loans for personal use, etc. The permanent life insurance is designed to last until age 100 - 121 if premiums are paid according to the schedule. In comparison, Term Life Insurance will last for a determined amount of years (10, 20, 30) or until age 65 - your choice. With term insurance there is the risk of outliving your policy and the contract ends. At the end of the contract you are not covered and there is no cash value normally. If you had the Return of Premium feature, you will receive cash back for all the premiums paid, which you can use to get a new term policy, or convert to a permanent life insurance policy, or use the premiums returned for any purpose and the coverage terminates. You have to figure for how long do you really need the coverage, if you want to have life insurance for a certain amount of years (say, until kids get out of college and get on their own), or if you want to leave a legacy or protect your assets from taxation after death. You should consult with a good life insurance broker who can provide you with multiple options.
What is the Importance of marketable securities in financial management?
For companies that are financial institutions (banks), and insurance companies, Marketable Securities are a significant portion of their income. Depending on the industry of other companies, this line item on the Balance Sheet should be relatively small. For example, manufacturing companies might have some Marketable Securities, but this figure should pale in comparison to their inventory, and plant, property and equipment figures.
How much is 16700 a year salary monthly after tax?
The amount of tax you pay depends on how many exemptions you will claim and what you will file as. As little as three thousand dollars may be taken out of this check. 1100 dollars a month would be the average figure after tax.
What is the reasons for one to join insurance company?
I assume you mean the reason to purchase insurance. The reason is to spread the risk. For instance with life insurance, everyone will die, you just don't know when you will die. The insurane company takes a very large group of persons and by using the law of large numbers it can pretty much tell you when you will die on average. They also know how much they will pay out at your death by how much coverage you purchase. With auto insurance it is more difficult because they do not know how many times you will have accidents nor how much damage you will do when you have an accidents. But by using large numbers of people and averages they can again figure it out rather closely. Actually most of the time the insurance company looses money on the pure insurance but hopes to have a gain through investing the premiums paid to the company while they are holding it.
How do you figure the amount of premiums paid into life insurance policy?
The premium is calculated on the basis of many factors. The insurance company will calculate the premium and inform you before you buy the policy.
What is the average premium for general liability insurance for a concert promoter?
The average premium or general liability insurance for a concert promoter depends on many factors. The figure ranges between $1000 and $2000.
How much is bond insurance?
Bond insurance can vary based on the coverage you recieve. Checkign aroudn with a few companies and getting some quotes can help you figure out what the premium will be for oyu.
What figure of speech is a thousand and one times?
Hyperbole
What is a thousand sided figure called?
tougon
Why is insurance cover necessary?
Insurance is simply the management of risk. By purchasing an insurance policy you are transferring risk to the insurance company for a price or premium paid. Insurance companies work like a coop in that they take the risk from many people and pool it together. The risk of one person dying for instance is hard to figure but the risk of a large number of people is much easier to figure. Using statistics, an insurance company can figure how many people out of a large group will die in any particular year. This way they are able to accept your risk of dying and contractually agree to a certain payment if you do die for a relatively smaller price. Life insurance is easier to compute that other types of insurance. Why? You will only die once and the company knows what they will pay. In auto insurance you can have more than one wreck and the payment required can vary greatly.
How do you write two hundred thousand in figure?
two hundred thousand = 200,000 in figures
What is thirty thousand and fifty three in figure?
30,053
What is the first significant figure of 40 thousand?
4
How do you write sixty thousand and one in a figure?
60,001
How do you write twelve thousand six in figure?
1206
How do you write in figure hundred and ninety thousand?
190,000
