Sentences with phrase «accrued over the policy term»

Generally, money back plans also offer a bonus to the insured person which is accrued over the policy term and paid along with the last instalment.

Not exact matches

While term life insurance doesn't accrue a cash value over time, meaning you can't borrow against it, a term policy has a low cost by comparison and is still customizable to an individual's situation.

Permanent offerings tend to be pricier than term because part of the money goes toward investments that the insurer makes on your behalf, which allows your policy to accrue cash value over time.

Term life insurance does not accrue any cash values over the life of the policy.

Even for the smallest claim you make, you lose the distinct advantage of the No Claim Bonus (NCB)-- the bonus accrued for every consecutive «claim - free» year over the policy term.

While term life insurance doesn't accrue a cash value over time, meaning you can't borrow against it, a term policy has a low cost by comparison and is still customizable to an individual's situation.

These are accrued over the entire policy term and paid to you at the end of the policy term