Weekly Premium Insurance

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Dictionary Says

Definition of 'Weekly Premium Insurance '

A type of financial protection where the payments that the insured makes in return for coverage are paid weekly. This type of insurance was introduced by Prudential in 1875 and was common in the late 1800s and early 1900s. At that time, insurers were unable to get insurance with monthly premium payments to catch on with consumers. The small weekly premium payments were designed to match up with workers’ pay schedules and modest incomes.

Investopedia Says

Investopedia explains 'Weekly Premium Insurance '

Weekly premiums were a feature of industrial insurance, a type of life insurance product offered to workers employed in industrial jobs such as manufacturing. Insurance companies collected the premium payments by sending agents to people’s homes. In the mid 1900s, the number of weekly premium insurance policies began to decline because rising incomes made larger and less frequent premium payments more affordable for many families.
Search results for

'Weekly Premium Insurance '

  • 5 Mistakes That Can Ruin Your Life (Insurance)

    http://www.investopedia.com/articles/pf/08/five-insurance-mistakes.asp
    ... the policy by making additional premium payments, assuming ... the largest companies
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  • What is term insurance?

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    ... after this time period the premium increases significantly ... the largest companies
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  • An Introduction To Weekly Options

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    ... with weekly options? Well, just about any strategy you do with the longer dated
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  • Trade Quick Moves with Weekly Options

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    ... Time premium on these weekly options will always have vanished when the bell rings
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  • Becoming An Insurance Agent

    http://www.investopedia.com/articles/financial-careers/08/become-insurance-agent.asp
    ... agent receives 90% of the first year premium and 5 ... Due to the high turnover rate
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  • 5 Life Insurance Questions You Should Ask

    http://www.investopedia.com/articles/pf/08/term_life.asp
    ... do, you can expect a hefty jump in your premium. ... of the largest companies in the
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  • Options On Gold And Silver ETFs

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    ... metal (which involves additional storage and insurance costs) or ... a strike price of
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  • Taking Advantage Of Volatility Spikes With Credit Spreads

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    ... served to inflate the amount of time premium available to ... and writes a weekly column,
    Kaeppel's Corner for optionetics ... Investing In Health Insurance Companies. ...

  • Squeeze A Greenback Out Of Your Latte

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    ... up, especially if you're purchasing premium drinks like lattes. Strike a balance
    between saving money and treating yourself by reducing your weekly visits to ...

  • Squeeze A Greenback Out Of Your Latte

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    ... up, especially if you're purchasing premium drinks like lattes. Strike a balance
    between saving money and treating yourself by reducing your weekly visits to ...

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