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It is a 20-pay life. You pay premiums for 20 years and it is all paid up and no further premiums are due at that time. The cash value however will not equal the amount you pay into it, it will be less. But these policies usually pay dividends and can continue to increase the cash values or the face value depending on what election you choose.

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Q: What is a limited pay whole life insurance that pays you back a same amount of insure amount money after 20 year premium yet the insurance continue?
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What does insurance monthly premium means?

This is the amount of premium that a policyholder pays when he/she has chosen to pay it on a monthly basis. The annual premium is divided by twelve then any billing charge or service fee is added to the amount to get the monthly premium.


The amount of money paid to keep an insurance policy is force is the?

basic premium


What are life insurance premiums?

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 is an indexed life insurance policy?

if you have to paid indexation amount your cash value increase and amount,allocate and your indexation. but what is the differences between indexation or non indexation so simply answer indexation is not your fixed premium amount because the amount is fluctuation at your maturity you premium amount change your cash value change because non indexation is a fixed premium amount they can not be change design your plane after your maturity.


How do life insurance companies make money?

Life insurance companies charge a premium to everyone who they provide insurance for based on the amount of coverage and the health of the buyer. The higher the amount of the worse the health, the higher the premium. These companies assume that only a few people out of the larger group will ever collect at one time, and therefore make money on all of the other people who do not ever collect.

Related questions

What is the amount paid periodically for insurance?

Premium


What is premium loading in insurance?

Premium loading is an amount an insurance company adds to the basic premium to cover the expense of securing and maintaining the business.


What is a car insurance premium?

A car insurance premium is the amount of money paid to an insurance company for a 6 month period. It is cheaper to pay the full premium that pay each month.


What terms is the amount you or your employer pays in exchange for insurance coverage?

It is called a premium.


What is loading in insurance?

Premium loading is an amount an insurance company adds to the basic premium to cover the expense of securing and maintaining the business.


What does the word premium mean?

Premium is an amount to be paid for an insurance policy or something given as an award.


Which term is defined as the amount you pay for your automobile insurance?

premium...


What term refers to the amount you or your employer pays in exchange for insurance coverage?

The premium is the dollar amount paid in exchange for insurance coverage.


What term describes the amount you pay to have insurance each month?

Premium


What does insurance monthly premium means?

This is the amount of premium that a policyholder pays when he/she has chosen to pay it on a monthly basis. The annual premium is divided by twelve then any billing charge or service fee is added to the amount to get the monthly premium.


What is auto insurance premium?

An auto insurance premium, like any insurance premium, is the amount of money that is paid on a periodic basis to an insurer in consideration for which the insurer accepts financial liability for a designated range of risks. Typically, the duration, terms and conditions of the risk transfer are enumerated in a written insurance policy, as is the amount of the premium to be paid and the frequency of payment. Try this site where you can get quotes from different companies usinsurancequote.org


What is the amount you or your employer pays in exchange for insurance coverage called?

The term is "premium".