Fixed premium

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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.
References in periodicals archive ?
The scheme, which is offered to the employees to ensure them a comfortable retirement phase and have a funeral allowance, facilitates participants to select from fixed premiums and payment terms, revealed the resolution 134/2015/ND-CP of the Government.
Universal life with fixed premiums tends to work best for companies seeking cost assurance, Mulvihill says.
There is no medical, just some health and lifestyle questions, with an immediate decision and fixed premiums from PS5 a month.
The child's coverage automatically doubles at age 18, and the plan continues with fixed premiums into adulthood.
Consider fixed premiums SIMILAR to a fixed-rate mortgage, you can choose to fix your insurance premiums - known as guaranteed premiums.
Fixed premiums start at pounds 8 a month and there's no medical.
Defined contribution plans operate on fixed premiums and other fixed contributions but benefit payments can vary according to returns on investments made using contributed funds.
These organizations contract with the Federal government to provide a comprehensive array of health care services for fixed premiums based on Medicare's average per capita health costs in a given region.