Sentences with phrase «after this policy term expires»
After this policy term expires the term insurance cover is no longer valid.
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With Whitehurst moving to the Brown Center on Education Policy at the Brookings Institution after his term expires this month, and as drafts for IES reauthorization begin to make the Beltway rounds, it is time to assess the contribution of IES to the history of federal education research and look ahead to its future.
«[E] ach policy of aircraft accident liability insurance... shall specify that it shall remain in force, and may not be replaced, canceled, withdrawn, or in any way modified to reduce the minimum standards set forth in this part, or to change the extent of coverage by the insurer or the carrier, nor expire by its own terms in regard to coverage for the carrier in its common carrier operations in air transportation, until 10 days after written notice by the insurer (in the event of replacement, by the retiring insurer), or by the insurer's representative, or by the carrier to the Department... which 10 - day notice period shall start to run from the date such notice is actually received at the Department.»
Term life policies can sometimes be converted to a whole life policy after your term limit is expiTerm life policies can sometimes be converted to a whole life policy after your term limit is expiterm limit is expired.
Permanent life insurance will be in force long after a term policy expires, and play an important role in estate planning.
In this case, the additional rider will add an additional charge, but after the term policy expires, the whole life policy stays active.
With term life insurance, however, your beneficiaries will not receive a payout if you die after your policy has expired.
Unlike term life insurance policies, which expire after a predetermined term, whole life insurance policies remain in effect as long as the premiums are paid.
After the term expires, the policy terminates.
Unlike whole life policies, which remain in effect for the policyholder's entire life, term life policies expire after a specific amount of time (typically between five to 30 years).
It's usually a term policy, which means the coverage expires after a certain number of years.
A term life insurance policy lasts for a set period of time, after which it expires and you have to apply for a new policy or go uninsured.
That's how long the policy is active, because term life policies automatically expire after a set number of years.
But if you think there's a possibility that you might need the coverage for a long time, then remember that if you want to renew your term policy after it expires or buy a new term policy at that time, your age, health status or other factors may make coverage very expensive.
It outlined policy guidelines in very broad terms and promised that «information that is not relevant» to an investigation will be destroyed after all appeal periods have expired.
These policies do not have a time frame, or «term» on them, so the coverage does not expire after a certain amount of time as it does with term insurance.
The term life policy will expire at the end of its term after providing a buffer for those critical years.
They are never term life insurance policies (term life plans are temporary life insurance policies that expire after a certain number of years).
If you still need coverage after your term life policy expires, your carrier may offer the option to convert it to a permanent life insurance policy — without taking a new medical exam or answering health questions again.
These plans return all your premiums after the term period expires if you outlive the policy.
Unlike whole life insurance policies, which are designed to remain in effect for a policyholder's entire life, term life insurance policies expire after a pre-determined time period.
Unlike a term policy, whole life lasts for the duration of the customer's life; it does not expire after a certain amount of time.
After the policy expires it becomes annual renewable term or you can convert the term to permanent coverage prior to expiry.
It's never a term life policy that expires after a certain number of years.
After the term expires, so too does the policy.
When you take out a term life insurance policy, it is effective for a given period of time, such as 20 years, and must be renewed or forfeited after that time, called term, has expired.
In exchange for a higher premium than a standard term life insurance policy for the same amount and term, a return of Premium term life insurance policy will refund the premiums you've paid after the term has expired.
But if you think there's a possibility that you might need the coverage for a long time, then remember that if you want to renew your term policy after it expires or buy a new term policy at that time, your age, health status or other factors may make coverage very expensive.
After the term expires, the policy terminates.
If you're investing properly, you should no longer need insurance after a typical long term life policy has expired.
Insider Tip: A term life insurance policy is one that expires after a certain number of years.
That's how long the policy is active, because term life policies automatically expire after a set number of years.
Other joint life insurance policies are term life insurance policies that expire after 20 or 30 years.
It's usually a term policy, which means the coverage expires after a certain number of years.
You pay for the policy over the course of the term, but after the term is up, your policy expires and you no longer pay premiums.
This permanence can provide peace of mind for people who feel they still need coverage later on in their life after a term life insurance policy has expired.
Term life, unlike whole life and other so - called permanent policies, features no cash component and usually expires after a set amount of years.
Unlike its term insurance counterpart that expires after a set number of years, a whole life policy will remain in - force as long as the premium continues to be made.
In some states, you may buy another 6 - month short - term policy immediately after your first one expires, essentially giving you one year of coverage.
The fact is that these policies expire after the term ends, and they need to be renewed.
If you think you'll likely want to continue coverage after your current term life insurance policy has expired, a policy conversion could be the right answer for you.
This is because these policies do not expire like term life insurance does after a certain number of years.
After the term duration has expired, you'll be forced to pay extraordinarily high premiums, convert to a permanent policy at the age you apply, or simply let go of the coverage.
Then, after the time expires, the policy will renew on an annual term life insurance basis until the insured turns age 95.
Term life policies can sometimes be converted to a whole life policy after your term limit is expiTerm life policies can sometimes be converted to a whole life policy after your term limit is expiterm limit is expired.
Term life insurance policies only cover the policyholder for a certain, preset number of years, after which they expire and the policyholder will have to buy a new policy, often at increased premiums due to advanced age.
Individuals who sign up for no - exam term life insurance policies when they are young may find it difficult to renew their coverage after their term expires.
So when you apply for a new policy after your expired one runs out, a new policy for the same term length will cost you more than you paid for the first term policy.
The name term means a certain length of time, 10 years for example, as the insurance policy expires after that length of time.
Unlike term insurance, which will expire after a specified number of years, whole life will remain in force until you pass away or reach 100, where the policy will pay out.