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By contrast, President Clinton proposed an initial premium of $26 a month, starting in 2003.
The new investment-advantaged policies usually require one initial premium, rather than a series of payments.
The biggest drawback, obviously, is that you may never recoup your initial premium.
But now, the insurer is charging $35,000 for the added coverage, on top of an initial premium of $22,000.
Now, for some of the rules of the game: The initial premium payment must be at least $10,000, but subsequent payments can be as little as $100.
The Ohio National Life Insurance Company is selling a 20-year policy with the same initial premium -- $655 a year -- and with a similar proviso about rates rising, but after just three years instead of five.
Similar(35)
Some policyholders have more time to pay their initial premiums.
Initial premiums charged haven't been enough to cover claims.
The White House and HHS have not said how many of those who have enrolled have actually paid their initial premiums.
So the judges specified that if the original policyholder paid the initial premiums, the policy was probably valid and could be resold.
The insurers said Wednesday that most of the people who signed up for coverage in the open enrollment period that ended on March 31 — perhaps 80percentt — had paid their initial premiums, as required to activate their coverage.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com