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What does it mean when an insurance company charges a Flat Extra premium?

April 26, 2017Charges COMPANY extra flat Insurance mean Premium

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What does it mean when an insurance company charges a Flat Extra premium?

1 Answer

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10 Posted

A Flat Extra premium is an additional charge per $1,000 of death benefit to offset an increased risk that the insurance company is assuming. Flat Extras don’t last forever and typically end in 3 to 7 years depending on the degree of additional risk.