Sentences with phrase «life insured while»

3) Death Benefit: In case of unfortunate demise of Life Insured while the Policy is In - Force, the Death Benefit payable to the nominee will be highest of a) Fund Value b) Sum Assured (minus withdrawals if any) c) 105 % of premiums paid

(Note: In the event of death of the Life Insured while the policy is in force, during the policy term, subsequent to the Critical Illness claim, the Reduced Base Sum Assured (i.e. Base Sum Assured less Critical Illness Sum Assured) is payable and the policy gets terminated)

As such, the child is called the person insured or the life insured while the parent who pays the premium is called the policyholder

Not exact matches

While rates vary depending on where you live, most people will find their insurance cost to be 1 to 2 percent of the value of the jewelry being insured.

An insured person can use these financial payments to cover the cost of any living expenses she incurs while unable to work due to illness or injury.

Cash value life insurance policies are an asset, which creditors can take away while the insured is still alive.

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.

The cost of insurance over decades of potentially increasing premiums, all the while ensuring the insurance policy is large enough to cover the income tax liability, is problematic (alternatively one can wait until later in life to insure and take a chance on whether they can still obtain insurance).

While key employee life insurance is usually purchased for high - earners, you should note that the face value of the policy is often limited to a multiple of the insured's income, such as 10X.

Instead, 61 percent of millennial renters cite living in a secure property as an important reason they decided to skip coverage, while 43 percent said they don't have enough property to insure, and 41 percent said they don't understand how the product works.

Allows the insured to access the death benefit payout while still living if he / she is diagnosed with terminal illness and needs to use the cash to cover the costs of care.

The Legalese «The Acceleration of Death Benefit Rider provides payment of all, or a portion of the death benefit, of the amount that would normally be paid to the beneficiaries upon the death of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.»

While there are FHA - insured loans that require just 3.5 % down, those loans require you to pay mortgage insurance for the life of the loan, which will keep your monthly payments higher.

If somehow the Easter Bunny causes an injury to a person in his non-professional life (i.e., not while delivering Easter candy), that might well be covered if we assume that he is in fact an insured.

While you can get coverage for this scenario through an additional insured rider, you may need a joint life insurance policy if the maximum death benefit for a rider isn't large enough.

While having the lowest out - of - pocket outlay of any type of individual life insurance policy, in order to reap a benefit from the policy, the insured must die while the policy is in fWhile having the lowest out - of - pocket outlay of any type of individual life insurance policy, in order to reap a benefit from the policy, the insured must die while the policy is in fwhile the policy is in force.

A premium waiver, whereby if the insured becomes disabled, they can have the policy's premium payments waived, while still keeping their life insurance coverage in force

3 Notwithstanding the tax - advantaged death benefit, there can be tax consequences to certain withdrawals from a VUL policy while the insured is living.

The death benefit of a life insurance policy is the amount paid out upon the death of the insured, while cash value refers to the amount of funds in a permanent life insurance policy's cash account.

Charge your fare to your Capital One credit card and you, your spouse and dependent children are insured against accidental loss of life or dismemberment for up to $ 250,000 while travelling on a common carrier (for example, a bus, cruise ship, plane or train).

This service is only available while insured under Standard Insurance Company's life insurance policy.

For example, while whole life policies do provide a guaranteed death benefit, they also generally accumulate significant cash value that can be accessed during the insured's lifetime.

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.

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.

While initial premiums are higher than with a typical term policy, it is possible for coverage to continue until death of the insured, and cash value may accrue in the policy on a tax - deferred basis that can be used to help meet financial needs during your life.

As an H - DTM Visa Signature Cardmember of U.S. Bank National Association, you, your spouse and unmarried dependent child (ren) will be automatically insured against accidental loss of life, limb, sight, speech or hearing while riding as a passenger in, entering or exiting any licensed Common Carrier, provided the entire cost of the passenger fare (s), less redeemable certificates, vouchers or coupons, has been charged to your H - DTM Visa Signature Card issued by U.S. Bank National Association.

This means you are still living in the insured addressed while you are renting out your room (s) to roommates.

In the event the insured meets certain criteria, the policy will payout a portion of the death benefit to the insured while living.

They allow you to insure that you will not run out of money later in life, while keeping your premium outlay to a minimum.

You are the owner and as such, you may borrow against the policy at any time while the insured is living.

As an Aeromexico Visa cardmember of U.S. Bank National Association, you, your spouse and unmarried dependent child (ren) will be automatically insured against accidental loss of life, limb, sight, speech or hearing while riding as a passenger in, entering or exiting any licensed Common Carrier, provided the entire cost of the passenger fare (s), less redeemable certificates, vouchers or coupons, has been charged to your Aeromexico Visa Card issued by U.S. Bank National Association.

Variable whole life insurance is similar to a whole life insurance policy, except that there is no guaranteed cash value if the policy is terminated while the insured still lives.

Certain term life insurance policies from Reliastar may be renewed up to the insured's 95th year, while all policies may be converted to cash.

Under - insuring yourself could cause future hardships, while buying too much life insurance could result in bloated premiums that take away from your current lifestyle.

The cash value is money that is available to the insured while the insured is still living.

Also, an insured may also be able to access money from the policy's death benefit while they are still living to help pay expenses if they are diagnosed with a terminal illness and if they are confined to a nursing home.

Smokers: Tobacco users are twice as likely to die as non-tobacco users while they are insured for life insurance.

In its most basic sense, funeral insurance actually works in a similar fashion to most other types of life insurance in that a person pays a premium to an insurance company in exchange for the payment of a death benefit to a named beneficiary in the case of the insured's death while the policy is in force.

Healthy, qualified applicants (based on the information provided in your life insurance application) can be insured immediately with no medical exam while other applicants can receive immediate coverage pending a medical exam.

While all life insurance provides a death benefit to protect your beneficiaries, some policies also have a cash value feature that can be used during the insured person's lifetime.

The other component of the rider is that it pays out up to 75 % of the death benefit, while the insured is living, if he or she is diagnosed with a terminal illness.

While several life insurance companies won't insure you if you have had a DUI in the last 12 months, even the ones that will insure you will charge you an extra fee called a Flat Extra.

Living Benefits These are benefits available to owners of life insurance policies while the insured is still alive.

The owner and beneficiary of the policy is the employer, while the life insured is the key employee.

While life insurance is often purchased by the person who will be the insured, it is possible to buy coverage for another individual, including an elderly parent.

If you become critically ill, this rider advances up to 24 % of the death benefit while the insured is still living.

While a first to die joint life policy pays out upon the death of the first covered person, a second to die life insurance policy will not pay out benefits until both of the insureds have passed on.

The loan accrues interest while the insured is living and is deducted against the remaining death benefit at the insured's death.

A certain chunk of your life insurance investment will be channeled towards insuring your life while the other part will be invested in different plans of your choice on your behalf.

If you want a competitive life insurance policy that covers you while flying, you must seek out an experienced independent insurance agent that specializes in insuring pilots.