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Fixed Premium

   Also found in: Medical 0.01 sec.
Fixed premium
Payments of a fixed or equal amount paid to an insurance company for insurance or an annuity.
Fixed Premium
A payment for an insurance policy or annuity that does not change over the life of the policy or annuity. Fixed premiums have fewer risks for the policyholder or annuitant, and are very common. See also: Variable premium.


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? Mentioned in ? References in periodicals archive
 
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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