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Fixed premium

   Also found in: Medical 0.04 sec.
Fixed premium
Payments of a fixed or equal amount paid to an insurance company for insurance or an annuity.
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Although insurers offer several options, financial experts recommend two products: variable universal life insurance, which combines life insurance with a policyholder-driven investment component; and traditional whole life insurance, which offers guaranteed returns and fixed premium payments.
Insuring your wealth: the right insurance policy can help you build ... by Gammon, Rosland B. / Black Enterprise
Fitch's example: A 50-year-old male buys a $1 million death benefit with a fixed premium of $12,000 a year.
New hybrid life policies tackle VUL problems by Panko, Ron / Best's Review
Thus, the future liabilities are transferred to an insurer in exchange for a fixed premium.
New products aid corporate finance: Several forms of insurance have ... by Paar, Randy / Financial Executive
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