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Private Mortgage Insurance (PMI) |
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Private Mortgage Insurance (PMI)Policy protecting the holder against loss resulting from default on a mortgage loan.Private Mortgage Insurance (PMI) Similar MatchesUniversal life insuranceUniversal life insuranceA combination of term life insurance and a savings element which is invested to provide a cash value build up. The policy is flexible in that the death benefit, savings element and premiums can be reviewed and altered from time to time as a policyholder's circumstances change. National InsuranceNational InsuranceA form of taxation, payable by employees, employers and the self employed, which is notionally to fund state benefits including pensions, sickness, unemployment and maternity. It is part of the state's social security system and ultimately controlled by the Department of Social Security. National Insurance (NI) ContributionsNational Insurance (NI) ContributionsThere are currently four categories of contributions: Class 1, Class 2, Class 3 and Class 4.Class 1: Employees earning above the lower earnings limit pay contributions at a rate dependent on their income and whether they are contracted in or out of S2P (State Second Pension). The contributions are made up to the upper earnings limit, that is, no NI contributions are payable on earnings above this limit. In addition to employees' contributions, employers must pay Class 1 contributions on all the employees' earnings.Class 2: Self employed people pay flat rate Class 2 contributions provided profits are above a certain level.Class 3: These are voluntary contributions which can make up for unpaid contributions over the previous six years.Class 4: Self employed people also pay a percentage of profits between given limits. Accident insuranceAccident insuranceInsurance which pays benefits in the event of an accident. Items typically covered are medical expenses and loss of earnings. If, for example, the insured sustains the loss of a limb or an eye, a specified lump sum is payable. Cash value life insuranceCash value life insuranceA life insurance policy which pays a benefit on the death of the insured but which also provides a savings element where benefits are payable before death. Further SuggestionsInsurance principlecasualty insurance third party insurance War Risk Insurance Federal Deposit Insurance Corporation (FDIC) Title insurance Marine Cargo Insurance sickness insurance participating life insurance Guaranteed insurance contract Replacement cost insurance level term insurance variable life insurance endowment insurance keyman / keywoman insurance Casualty insurance Insurance dividend Term life insurance Accident, Sickness and Unemployment insurance Named perils insurance Insurance broker National Insurance (NI) Basic Pension Stock insurance company Federal Deposit Insurance Corporation (fdic) wedding insurance |
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