A premium expense charge imposed by an insurer is typically found on universal life insurance policies and is designed to enable the insurer to recover its business acquisition costs and premium taxes.
There are conditions depending on how the premium was paid, but generally, no.
Gross Written Premium includes commissions (to broker/agents) and reinsurance. But it excludes insurance premium tax.
Most non-reoccuring closing costs can be deductible on your taxes. Check with your accountant or tax preparer for detailed information.
Property taxes and insurance are two major costs of owning a home.
Property taxes and insurance are two major costs of owning a home.
Are you kidding! They, just like you, have to pay their bills. They have overhead costs of payroll, taxes, insurance, accounts payables etc..
Yes, AmeriGroup Health Insurance does offer a vision plan. It allows you to pick your provider and offers payment of premium before taxes on your paycheck.
I am paying property taxes and homeowners insurance via an escrow account. I would like to know if I could save money by paying these costs directly myself. (I am retired and need to rely on savings plus Soc Security. )
Pure premium is the cost of your insurance before state imposed taxes and fees. See your policy details or quote page. You will generally first see pure premiums, then below that you will see any applicable state Taxes and Fees, below that you will see any applicable company or agency fees. The Government always wants it's share of your insurance payments.
Example of periodic expenses are; Car insurance premium,property taxes, holiday expenses, expenses on certain seasonal activities.
income taxes ? no insurance payments are exempt