The most efficient policy in terms of cash value growth would have the maximum premium paid for the minimum death benefit.
There is another premium designed to be the maximum premium that can be paid every year a policy is in force.
The maximum premium for those drivers is not set by the law but will be determined by the Insurance Commissioner.
In New York State the seller would be limited to a maximum premium of 20 percent.
Four percent of the plans will be forced to pay the $50-per-employee maximum premium.
However, the premium will never exceed the maximum premium guaranteed in the policy.
Like universal life, the premium payment might vary, but not above the maximum premium guaranteed within the policy.
So the income level at which people must start paying the maximum premium is actually $19,166 or more, when Social Security benefits are counted as income.
Nor have I heard anything about a maximum premium per hectare, for the number of animals per hectare.
And the maximum premium will rise every year thereafter, reaching $1,050 a person ($2,100 for a married couple filing jointly) in 1993.