Insurance Policy Time Frames

by David Jenyns on June 20, 2008

A year’s total of the net payments on an industrial plan is roughly 40 percent higher than when the premium is paid in one sum annually on a comparable plan. Of course, a company incurs extra expense in collecting premiums weekly and keeping records on small policies, but the extra charge looks excessive.

Industrial insurance is often bought on a baby’s life. Monthly premium rates are cheap compared to the weekly, but a monthly rate, multiplied by twelve months, is five to eight percent higher than the annual single-payment rate on the same plan. Quarterly premium rates are four or five percent higher, and semi-annual rates are two or three percent higher, than annual. Besides quoting rates on policies, it gives statistics on the financial standing of the companies.

Who Else Wants The Secret To Investing In The Stock-Market, With Minimal Risk And Using Simple Instructions, From One Of The Greatest Investors In History?


Previous post:

Next post: