answersLogoWhite

0

What is a single recurring premium?

Updated: 9/14/2023
User Avatar

Wiki User

9y ago

Best Answer

A single recurring premium is when you pay a set amount each month. It means that no lump sum was paid to cover the total expenses so it is being paid off over a certain amount of time.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is a single recurring premium?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Net single premium and loading compute gross premium. How?

net single premium


Can a fixed annuity have a minimum interest rate and a flexible premium payment schedule?

Yes. ALL deferred annuities offer a guaranteed minimum interest crediting rate (although in a few contracts, that rate is zero). And all non-variable immediate annuities calculate the annuity payments using an assumed interest rate, so one could say that that rate is actually "guaranteed" (as the payments are). Some deferred annuities will accept only a single premium, and they're called "single premium annuities". Others will accept recurring premiums and are usually called "flexible premium annuities. Immediate annuities typically do not permit recurring premiums.


What is a single premium life insurance?

single premium life insurance: Single premium life insurance is a form of life insurance that's paid with one upfront lump-sum premium. Once you've purchased a single premium policy, you would receive a permanent death benefit that extends until you die.


How much is the Call of Duty elite premium?

£35.99 recurring or one-off 4200 microsoft points (xbox)


Can you purchase life insurance in a lump sum single payment?

Yes, you can. It's called Single Premium Life Insurance. With single premium life insurance coverage one premium payment is made and the life insurance policy is fully paid up with no further premiums required.


Is Term-life insurance available with a single payment premium?

As if nw not avilable..before ULIPS launched in market there is Term life insurance plans with single premium avilable


What is a net single premium?

A net single premium is the present value of the expected cost of paying a death benefit. Parallel to the amount you should expect to pay upfront as a lump sum for paid-up insurance. Generally, the older you are, the higher the net single premium as a percentage of the face value of the insurance coverage.


Can you pay a one time fee for a life insurance policy?

Generally, most insurers do offer an option by which you can pay the entire premium at once. This is usually called, appropriately, "single pay". This is not applicable on all life policies.However, in most Ulip policies, Single Premium or one-time premium option is there. Specially in conventional policy, where single premium option is there, you gain by way of paying lesser amount in comparison to consolidated regular premium amount.


A recurring theme in economics is?

restrict the analysis to the effect of a single economic factor


Is Minecraft premiume the same as Minecraft sp?

Minecraft Premium refers to the status of your account (e.g. Free, Premium) while Minecraft SP is an acronym for Minecraft Single Player and refers to Single Player on the current version of the game (not classic). You require a premium account to be able to play Single Player on the current version.


S there a penalty for withdrawing from my single premium annuity for a house?

yes


What is annual renewable term insurance?

It implies that it is not a single or one-time premium policy and you are pay annualized premium for the renewal of the term policy.