30 days.
Indeterminate premium life insurance is a type of whole life insurance that specifies two premium rates: a guaranteed maximum, and a lower rate you actually pay. The lower premium level is for a set period of time. Then the company establishes a new rate that may be higher or lower than the initial premium. But your premium can never be more than the guaranteed maximum.
Graded Premium Life is actually Graded Premium Whole Life Insurance coverage under which the initial premiums are less than normal for the first few years of the policy, then the premiums gradually increase each of the next several years, until they become level (or the same) for the duration of the life insurance policy.
paid up. Or in some cases could be a conversion.
Annual Premium= Annual Base Premium * Driver-Rating Factor To get annual base premium the formula is... Annual base Premium= Liability Premium + Collision Premium + Comprehensive Premium.
Many reasons. Most commonly, for not paying the monthly premium on time (or at all). Another reason could be falsifying information on the initial application for insurance.
I doubt you can get any policy without some money down.AnswerNo company is going to provide you a commercial general liability policy without collecting your initial premium payment.
"These sausages are Premium grade" Premium=Grade A
Target premium is the amount that the agent's commission is based off of. It is neither the planned premium or minimum premium to keep the policy in force. Sometimes called the "commissionable premium."
no, you have to pay for premium points to become premium
net single premium
Gross Premium is the Total premium indicated to be charged.