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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
With this product, you pay fixed premiums and get a guaranteed death benefit.
A 6.5% increase in respect of 2018 applicable to the general and fixed premiums of 2017.
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.
Although, it should be noted that net premiums (fixed premiums minus dividends) for par policies will generally decline over the years.
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.