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fixed premium

   Also found in: Financial 0.04 sec.
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.
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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.
Insuring your wealth: the right insurance policy can help you build ... by Gammon, Rosland B. / Black Enterprise
Fitch's example: A 50-year-old male buys a $1 million death benefit with a fixed premium of $12,000 a year.
New hybrid life policies tackle VUL problems by Panko, Ron / Best's Review
Thus, the future liabilities are transferred to an insurer in exchange for a fixed premium.
New products aid corporate finance: Several forms of insurance have ... by Paar, Randy / Financial Executive
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