Sentences with phrase «if life insurance policy holder»

«One of the things most people don't know about is that if every life insurance policy holder kept their policies until the end, the companies wouldn't do as well as they do,» Bet - David says.

If the life insurance policy holder breaks the terms set forth in the policy, he or she may not be entitled to money despite having paid premiums.

Not exact matches

If you're not familiar a term life insurance policy is a contract that pays a specific amount of money upon the policy - holder's death.

A related reason why a mutual life insurance company is preferable is because excess profits are NOT used for purposes that do not benefit the policy holders, such as large executive bonuses AND a conflict could arise if a stock company is concerned.

If the policy holder sells a life insurance policy on the life settlement market, the life settlement taxation consequences are more complicated.

If you're already a Gerber life insurance policy holder, you may need access to your account.

Typically, terminal life coverage is added as a rider to standard life insurance policies and the cost is generally minimal if the policy holder has yet to be diagnosed with a terminal illness.

Term life insurance policies may be renewed for a premium at the end of a given term if the policy holder's life should exceed the term.

If there is a filed collateral assignment for life insurance against the policy, any monies paid out will be used to pay off the balance of the loan before either the policy holder or their beneficiaries.

Surrender value is the amount the holder of a life insurance policy will get if he exits the policy...

Some types of loan have a cash surrender value, this is the amount that an insurance company will pay out to the policy holder if the life insurance policy is terminated before it reaches maturity.

In addition, if the loan or debt has been resolved before the policy reaches maturity where it can be cashed out or if the policy holder should pass away, then the assignee can be removed and the life insurance reverts to its normal state.

If the holder of a life insurance policy dies before telling the beneficiary where his or her policy is, the beneficiary will need to find the policy in order to claim the benefit.

This is often used in policies which cover health, disability or life insurance so that a policy holder has a reasonable guarantee of ongoing coverage even if they should develop a condition or conditions that increase the likelihood that an insurer will have to make a payment against a claim.

With the disability income rider attached to a life insurance policy, the policy holder can collect a regular income from the insurance company if they become disabled and can not work.

For example, if the policy holder opts to pay a lower premium within a given time frame, the cash value in the policy will not build as fast, yet the guaranteed life insurance amount will stay in - tact.

The only time you may run into longer turnaround times when filing a life insurance claim is if the policy holder dies within the 24 month contestability period.

Life insurance policy riders can provide policy holders with additional benefits, as well as increase peace of mind that if something happens, there will still be an adequate amount of coverage.

In the case of suicide, checking over the policy becomes even more important to the company if they believe the intention of the policy holder was to mislead or outright lie to get the life insurance and cover the beneficiaries.

One of these provisions is a grace period, which allows a life insurance policy holder 30 days to bring his or her premiums current if a payment is missed, without losing benefits.

If you are able to qualify for a life insurance policy that is rated as a Standard, then you will pay a premium rate that is in line with the «average» policy holder of your same gender and age range.

The life insurance suicide clause generally states that there will be no death benefit paid if the policy holder commits suicide within the first two years of the policy.

In its most basic sense, life insurance consists of a policy holder paying a premium to an insurance company and in return, the insurance company paying out a death benefit to the beneficiaries of the insured if and when the insured passes away — provided that the policy is in force at the time of the individual's death.

Accelerated benefit riders can allow policy holders to access the death benefit in their life insurance policy while they are still living if they meet certain conditions.

[x] It is the date on which the insurer pays the face amount of the endowment policy to the policy holder in endowment insurance, if the owner is still living.

The policy holder is also able to access up to 75 % of the policy's death benefit if he or she is diagnosed with a terminal illness, and the policy may be converted over to a permanent life insurance policy without additional underwriting (in particular circumstances).

If I set up an estate or Last will that indicates where I want things to go or who I want to inherit specific benefits, can that be done for my life insurance policy even if someone else is a lein holder on my policy and I don't want them to control iIf I set up an estate or Last will that indicates where I want things to go or who I want to inherit specific benefits, can that be done for my life insurance policy even if someone else is a lein holder on my policy and I don't want them to control iif someone else is a lein holder on my policy and I don't want them to control it?

Likewise, the company's index universal life insurance policy also offers a fair amount of flexibility in that it, too, offers a long - term care policy rider, as well as a rider for living / accelerated death benefits if the policy holder so chooses.

If you live in a large city, call the insurance companies closest to where the policy holder lived, as well as the largest names.

Term Insurance is a type of life insurance only, a byproduct that implies financial coverage provided to the policy holder for a particular time period; if the insured dies during the term then death benefits are paid to the beneficiary but it ceases if one outlives the set term of thInsurance is a type of life insurance only, a byproduct that implies financial coverage provided to the policy holder for a particular time period; if the insured dies during the term then death benefits are paid to the beneficiary but it ceases if one outlives the set term of thinsurance only, a byproduct that implies financial coverage provided to the policy holder for a particular time period; if the insured dies during the term then death benefits are paid to the beneficiary but it ceases if one outlives the set term of the policy.

If you are an existing MetLife Rapid Term Life Insurance policy holder and would like to contact our service team, please call 1-866-219-2232.

Free look means that as a new life insurance policy holder in Pennsylvania, you are entitled to really consider if you want to keep the coverage for ten days after your purchase your plan and sign all the documentation.

A related reason why a mutual life insurance company is preferable is because excess profits are NOT used for purposes that do not benefit the policy holders, such as large executive bonuses AND a conflict could arise if a stock company is concerned.

The deductions that have been claimed earlier shall become taxable if life insurance policy is terminated by any failure on the part of the policy holder to pay premium or by notice for single premium policy in two years since the date of commencement and for regular premium policy for which premiums have not been paid for more than two years.

Postal Life Insurance plans allow policy holders to extend the coverage to their spouses, even if they aren't government employees.

If a policy holder pays all the premiums within their due time, the policy will be eligible to receive a percentage of the profits of the life insurance Corporation.

The company offering the life insurance or medical insurance policy that exempts its holder from taxation, should be one that has been in existence for a good 5 to 10 years at least if not for longer than that.

If the investment portion of the insurance policy is sufficient to cover payments for it, the holder of an extended term insurance can simply modify their whole life insurance policy into a term life policy paid for through the whole life policy's cash accumulation.

This is the case even if the life insurance company is a mutual company based on how the universal policy holder's interest is calculated.

For example, if the policy holder lives in an area prone to hurricanes or tornados, any damage to the vehicle may fall under the policy holder's homeowner policy or the homeowner's insurance policy of the person where the vehicle was located during the storm.

When considered like this, it may not surprise you that many insurance companies will in fact honor a policy held by a person who commits suicide, i.e. the life insurance company will pay out the death benefit to the policy holder's beneficiaries if the primary insured commits suicide.

In any case, if the Insured / Policy Holder would like to Surrender / Cancel his / her Life Insurance policy, or make a partial withdrawal from the policy fund, then below given procedures needs to be folloPolicy Holder would like to Surrender / Cancel his / her Life Insurance policy, or make a partial withdrawal from the policy fund, then below given procedures needs to be follopolicy, or make a partial withdrawal from the policy fund, then below given procedures needs to be follopolicy fund, then below given procedures needs to be followed: -

A life insurance policy is said to be «In Force» or «Active» if the policy holder makes all his / her premium payments on time.

It is the amount which the insurance company pays to the policy holder on the completion of the Policy Term, if the Life Insured has survived the entire duration of the Ppolicy holder on the completion of the Policy Term, if the Life Insured has survived the entire duration of the PPolicy Term, if the Life Insured has survived the entire duration of the PolicyPolicy.

A term plan is the cheapest form of life insurance where a certain amount (called death benefit) is paid to the policy holder's family if he / she expires within the term of the insurance policy.

Maturity benefits: Unlike traditional life insurance, term benefit policies offer total refund of premiums and additional bonus to the policy - holder, if the policy is continued till the end of the term.

In any case if the Insured / Policy Holder would like to Surrender / Cancel your Life Insurance policy, or make a partial withdrawal from the policy fund, then below given procedures needs to be folloPolicy Holder would like to Surrender / Cancel your Life Insurance policy, or make a partial withdrawal from the policy fund, then below given procedures needs to be follopolicy, or make a partial withdrawal from the policy fund, then below given procedures needs to be follopolicy fund, then below given procedures needs to be followed: -

In other words, if a policy holder withdraws money from a cash - value life insurance policy, the withdrawal is assumed to come from contributions first, not earnings.

Surrender value is the amount the holder of a life insurance policy will get if he exits the policy pre-maturely.

In any life insurance policy, though there is provision forappointment of nominee, on maturity the proceeds will be payable tothe policy holder if he / she is alive.