Sentences with phrase «life insured at»

In the unfortunate case of death of the life insured at any time during the policy term of 14 years, provided the policy is in force and all premiums have been paid in full, the beneficiary would be paid the death sum assured which would be the highest of: Guaranteed Sum Assured on maturity *, 10 times of Annualised Premium, 105 % of all premiums paid (including extra premiums and modal loading), Basic Sum Assured (An absolute amount of 10 times premium, including extra premiums and modal loading) or Sum of all Guaranteed Annual Payouts.

If age of the life insured at entry is equal to or more than 45 years, sum assured on death which is higher of 110 % of single premium or guaranteed amount on maturity or sum assured is payable.

In case, age of the life insured at entry is less than 45 years, sum assured on death which is higher of 125 % of single premium or guaranteed amount on maturity or sum assured is payable.

In case, age of the life insured at entry is less than 45 years, sum assured on death which is higher of minimum sum assured or 10 times of annualized premium is payable.

Guaranteed Lump Sum Benefit (GLB) is a survival benefit payable only upon the survival of the life insured at the end of the Premium Paying Term and at the end of policy year when Life Insured attains age 75 and is equal to Sum Assured on Maturity.

The plan provides a death benefit amount in the unfortunate event of death of the life insured anytime during the policy term based on the option chosen by the life insured at the time of buying the plan.

Each top - up has a top - up sum assured of 125 % or 110 % of top - up amount depending on the age of the Life Insured at the time of payment of the top - up premium.

Connect with an executive now to get your life insured at the lowest cost.

Basically, money back plans give small amounts to the life insured at regular intervals instead of paying the entire amount as a lump sum amount at the end of the term.

You can get your life insured at premiums at affordable rates.

There is another type of claim called as Maturity Claim in which the payment to the Life Insured at the end of the stipulated policy term is called maturity claim.

Entry Age: the age of the Life Insured at the commencement of the policy should be between 18 and 60 years of age.

Entry Age: the age of the Life Insured at the commencement of the Policy should be between 18 to 65 years of age.

Entry Age - the age of the Life Insured at the commencement of the Policy.

Entry Age: the age of the Life Insured at the commencement of the Policy.

Not exact matches

But if you're self - insuring by purchasing a health plan on the health insurance marketplace you could be looking at monthly costs in excess of $ 400 depending on where you live.

Second, seek legislation requiring that if a federally insured financial institution is required to pay fines to or settlements with any regulatory agency aggregating more than $ 2.5 billion in any two year period based on conduct that, if established, would constitute a crime under any law, then the CEO, President, and all Board members must step down, disgorge all of the bank's stock they own, and they are disqualified from holding any office at any federally - insured institution for the rest of their lives.

The general function of life insurance is to create a sum of money payable at the death of the insured in order to replace the economic loss resulting from the person's death.

I used to love in BC and at one time in the Yukon, and never had an issue with the health care system... fast forward a few years and I now live in the U.S. where it would cost me $ 1500 / month to insure my family with insurance that actually covered anything.

As to what this means for education, it implies that we should be changing the goals of education to focus on deeper learning: Relevance of what is taught, to build motivation, and personalization of the What and How; Versatility, to create «Renaissance humans», which brings robustness to face whatever life throws at us; Transfer, insuring that what we learn in the narrow confines of schools, translates into actionability in real - life situations.

«We should be changing the goals of education to focus on deeper learning: Relevance of what is taught, to build motivation, and personalization of the What and How; Versatility, to create «Renaissance humans», which brings robustness to face whatever life throws at us; Transfer, insuring that what we learn in...

«We should be changing the goals of education to focus on deeper learning: Relevance of what is taught, to build motivation, and personalization of the What and How; Versatility, to create «Renaissance humans», which brings robustness to face whatever life throws at us; Transfer, insuring that what we learn in the narrow confines of schools, translates into actionability in real - life situations.»

If you don't have at least 6 month's worth of your living expenses saved in an FDIC - insured high - yield savings account, that should be your first priority for a portion or all of your newly acquired money.

While coverage can vary from policy to policy, most homeowners insurance policies provide coverage for covered family members living at a residential premises other than the primary insured's residence - AKA a college dorm or apartment.

and Sum Assured on Maturity as Maturity benefit at the end of the Policy term in case the Life Insured survives till that period and all premiums have been duly paid.

However, permanent life insurance can be structured as an employee benefit, as the policy, and its cash value, can be transferred to the insured after a certain number of years or at a particular milestone.

At its most basic, life insurance provides a sum of money, called a death benefit, to the beneficiary of a life insurance policy upon the death of the insured.

Guaranteed Purchase Option Rider: allows the insured to purchase additional life insurance coverage with no evidence of insurability at specific ages or for specific events, such as marriage, buying a home and the birth of a child.

Living Needs Benefit (Accelerated Death Benefit) Rider: at no additional cost, this living benefit pays out a portion of the death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months orLiving Needs Benefit (Accelerated Death Benefit) Rider: at no additional cost, this living benefit pays out a portion of the death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months orliving benefit pays out a portion of the death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months or less.

This rider is critical, particularly if you are considering life insurance for children or young adults, because if the insured develops a disease or become uninsurable during the policy period, the insurance company allows the insured to increase his or her total life insurance coverage and death benefit at specific times.

When the insured is age 70 — or at the end of the guaranteed period of level - premium — whichever occurs first, the insured is allowed to convert the level term life insurance policy over into a whole life insurance or a universal life insurance plan.

At any time until the insured reaches age 70, he or she may be able to convert their term insurance policy over into either a whole life or a universal life insurance policy without having to take a paramedical exam.

Re-Entry: A policy provision that allows an insured to renew their term life insurance policy at the end of the term based on their attained age and health status.

Guaranteed Insurability: An insurance policy provision that allows the insured to buy additional fixed amounts of life insurance at fixed time intervals without evidence of insurability.

An interesting thing of note in regards to insurable interest and life insurance, is that insurable interest only needs to be present at the starting point of the policy but is not required to be present at the insured's death.

Lump sum, where the life insurance company pays the total amount of the benefit in one single payment at the death of the insured

Non-deposit investment and insurance products, such as mutual funds, stocks, annuities and life insurance policies that may be sold through this website or at a Bank branch location, are not deposits, not FDIC - insured, not insured by any Federal Government Agency, not guaranteed by the Bank, and may go down in value (if applicable).

The process of determining whether a life insurance company will insure an applicant and at what rate class.

In case the Life Insured is a minor at the time of the policy issuance, the ownership of the policy will vest in the Life Insured on attainment of 18 years of age, age last birthday.

Hence we recommend you to take a Term life insurance for a sum insured of at least 8 — 10 times your current annual salary.

In case of the life insured being a minor at the time of policy issuance, the ownership of the policy will vest in the life insured on attainment of age 18 years, age last birthday.

Insure yourself for 20 - 30 years, and over that time, build your assets so that at the end of the life insurance policy, your heirs will not need the insurance.

A premium that gets more & more expensive each year the insured lives, or a premium that the insurance co can jack up at will, surely isn't attractive to policy buyers either.

And this population was pre-selected — we know sub 70 - 75 yr old insureds aren't that interesting to life settlement purchasers, we know a purchaser's criteria & target return will generally focus them in on a v specific age range, and we know policies were purchased at least 7 yrs ago at this point — all pointing to a tight age distribution arnd current 89 yr avg.

And I see no change in prospects: We're at the end of a long & painful life expectancy adjustment process (in fact, June NAV inc. a meaningful positive LE impact), and the insured are now 91.5 yrs old on average — maturities will inevitably accelerate (peaking in 2019 - 20).

With a paid - up policy, you make payments until a particular age (usually 65 or 70), at which point you are insured for the rest of your life or a very old age like 120.

Insuring the difference in income means that if the higher income person dies, the lower earning person can maintain their standard of living while they rebuild their life,» says Bruce Sellery, contributing editor at MoneySense magazine.

The answer lies in the current ownership — if the couple isn't living together, then the person who is currently holding onto the ring, whether on a finger or at home, is the person who should insure it.

Yet, over time, while an insured who owns term life coverage may need to renew at a higher premium rate, a whole life insurance policy holder will retain the same premium expense throughout the entire life of the policy.

You might not think this is a risk worth insuring, especially if you don't live in California, but the Insurance Information Institute says that 42 states are at risk of suffering earthquakes.