New answer on: What Is A Target Premium On A Universal Life Insurance Policy?

By: Peggy Mace

Peggy Mace — Mon, 10 Nov 2014 18:22:22 +0000

When you buy universal life insurance, you have the choice to put in a higher premium than is required for your policy to last to a certain age. If you add more premium, your cash value may build more quickly, or your universal life policy may last more years. The target premium is usually the required premium for the policy to last a set number of years.

By: Larry Gilmore

Larry Gilmore — Sat, 25 May 2013 02:49:44 +0000

What is a target premium on a universal life insurance? The target premium is the premium that will keep the policy in force to a given age at what is usually the current crediting rate. In other words if thing go unchanged of the life of the policy the target premium should hit the targeted goal duration wise.

By: David Racich

David Racich — Fri, 24 May 2013 22:51:25 +0000

The target premium of a life insurance policy is the portion of the premium that is the reference point for compensation and could also be the premium to endow, to mature and sometime might relate to the guideline annual premium. The target premium is used in a variety of applications.