Meaning Level Premium
What does Level Premium mean? Here you find 9 meanings of the word Level Premium. You can also add a definition of Level Premium yourself
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Level PremiumRating method in which the premium level remains the same throughout the life of the policy.
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Level PremiumLevel premium refers to a rating arrangement under which premium remains fixed or same for the duration of the contract. A level premium remains the same throughout all the premium payment years of th [..]
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Level PremiumA premium that remains unchanged throughout the life of a policy.
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Level PremiumLife insurance for which the premium remains the same from year to year. The premium is normally more than the actual cost of protection during the earlier years of the policy and less than the actual [..]
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Level PremiumA premium that remains the same throughout the period specified in the insurance policy.
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Level PremiumA premium that remains the same throughout the period specified in the insurance policy.
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Level PremiumA premium which remains unchanged throughout the life of a policy.
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Level PremiumUnder this plan in life insurance the amount of the consideration is the same (level) for all the years of the assured’s life during which the premiums are to be paid. The premium remains the same fro [..]
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Level PremiumA premium which remains unchanged throughout the life or term of the policy. With a whole life policy, the premium remains level for the insured's life. With level term insurance, the premium remains level for the life of the term; it may increase at each renewal, or the start of a new term.
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