fixed premium

Also found in: Financial.

fixed premium,

n a specified amount charged for insurance that is not changed by such factors as family size or initial year versus maintenance year of dental care coverage. Also called
set premium.
References in periodicals archive ?
The majority of PPI policies have a fixed premium regardless of sex, age or occupation making the paperwork uncomplicated, therefore insuring easy handling and understanding of the insurance product.
We have contracts that secure us a certain amount at a fixed premium.
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.
A minimum bid price was established based on the previous days quotation for strictly soft coffee in Santos (R$210 per 60 kilo bag) plus a fixed premium.
As the above analysis indicates, a fixed premium and the socially desirable investment strategy [i.
The elderly can also be victimized by the sale of long-term-care insurance that purports to have a fixed premium but in reality has one that rapidly rises over time.
25% for the first year and a floating interest rate for the remaining years that is to be determined on the basis of the average interest rate on six-month term deposits plus a fixed premium of 2.
As one might expect, heirs and sellers tended to underestimate the value of works of art, while government agents tried to compensate by adding a fixed premium to the proposed value, suggesting that inventories per se represented very imperfect measures of value.
Self-insured employers pay for each claim as it is incurred instead of paying a fixed premium.
Term life insurance requires that you pay a fixed premium for a certain period of time for a guaranteed death benefit in the event of your untimely demise.
Some will even agree a fixed premium for, say, five years which helps to keep the cost under control.
Claims management, loss control, managed care and loss reduction services can be included in a fixed premium that is payable up front or in installments and calculated on a net present value basis.