annual premium

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• Annual premium equivalent — (APE) is used for comparison of cost by determining what the price would be if paid once for a year s period. This is particularly used when the sales contain both single premium and regular premium business. This is used in insurance industry to …   Wikipedia

• Annual Premium Equivalent - APE — A common sales measure technique used by insurance companies in the United Kingdom where the sales of a given entity are estimated by taking the value of regular premiums, plus 10% of any new single premiums written for the fiscal year. The… …   Investment dictionary

• net level annual premium — An amount which, if exacted from a group of policyholders and increased by interest, will yield a sum sufficient to satisfy all death claims. The result is generally referred to as the net or net level premium of the policy. Fox v. Mutual Ben.… …   Black's law dictionary

• net level annual premium — An amount which, if exacted from a group of policyholders and increased by interest, will yield a sum sufficient to satisfy all death claims. The result is generally referred to as the net or net level premium of the policy. Fox v. Mutual Ben.… …   Black's law dictionary

• Annual Dividend - Insurance — In the insurance industry, a yearly payment given by an insurance company to a policyholder. Annual dividends are most commonly distributed in conjunction with life insurance and disability income insurance policies. Insurance companies may pay… …   Investment dictionary

• premium — noun 1 (C) the cost of insurance, especially the amount to pay each year: Insurance premiums are set to rise again | the annual premium 2 (U) especially AmE high­octane (=good quality petrol) 3 premium quality very high quality: premium quality… …   Longman dictionary of contemporary English

• premium — pre·mi·um / prē mē əm/ n 1: the difference between the face value or par value of a security and its market price when the latter is greater compare discount 2: the price paid for an insurance contract equal to the cost per unit times the number… …   Law dictionary

• Premium-rate telephone number — Premium rate telephone numbers are telephone numbers for telephone calls during which certain services are provided, and for which prices higher than normal are charged. Unlike a normal call, part of the call charge is paid to the service… …   Wikipedia

• premium — premium, prize, award, reward, meed, guerdon, bounty, bonus are comparable when they mean something which is bestowed upon a person as a recompense for cooperation, greater effort, superior merit, or supremacy in competition. Premium is applied… …   New Dictionary of Synonyms

• annual payment — index premium (insurance payment) Burton s Legal Thesaurus. William C. Burton. 2006 annual payment …   Law dictionary

• annual commitment — index premium (insurance payment) Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary