Investor Glossary-level premium insuranceInvestor Glossary-level premium insuranceInvestor Glossary-level premium insuranceInvestor Glossary-level premium insuranceInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Level Premium Insurance

The HTML to link to this page
 

Level premium insurance is a type of life insurance policy with premiums that remain the same throughout the life of the level premium insurance policy. Level premium insurance shouldn't be confused with level term insurance, which refers to insurance with a benefit that remains the same throughout the term. Most whole life insurance policies are level premium insurance policies; some term life insurance policies are also level premium insurance policies (also known as guaranteed rate policies). One advantage of level premium insurance is the security it provides a policyholder who can gauge the policy's affordability throughout its term, knowing that the premiums will not increase. Though the premiums on a level premium insurance policy will be higher than the actual cost of the policy during the first years of the level premium insurance policy, they will be lower than the actual cost during the later years (the purpose of a level premium insurance policy is to level out the cost of the policy across time).



Rate this level premium insurance definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: dividends payable, limit order, phantom income, deferred tax, wholly-owned subsidiary, cancelled check, LIBOR, 1031 exchange, average price per share, per diem, APR, covered put, irrevocable trust, inflation, labor relations, current ratio, required rate of return, ex-dividend date, stock split, retained earnings, risk management, minority interest, open position, liquidity ratio, command economy, class C shares, ex-dividend, 144a, debt service coverage, diluted share, option premium, balance sheet, margin rate, real GDP, Key Rate Duration, reverse mortgage, FTSE, deferred revenue, FICO score, annual return, stock market close, 401a, EBITDA, implied volatility, 1035 exchange, Zero Cost Collar, quality assurance, VIX, in escrow


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use