Sentences with phrase «additional amounts of coverage without»

Guaranteed Insurability Rider: allows you to increase your disability policy coverage by purchasing additional amounts of coverage without requiring proof of insurability.

Not exact matches

«The insurance industry has expressed concern that insured persons who learn, after taking a genetic test, that they are at high risk for a genetic disease could knowingly take out policies for large amounts of additional coverage without insurers being aware of any increased risk,» says the report.

By consolidating a large amount of premium during a short period of time, the coverage can be paid - up for life, without the need to worry about making any additional premium payments in the future.

If you then totaled the car without having gap coverage, you wouldn't have any coverage on the additional amount you owe on the lease because the regular insurance premium would only cover the cash value of the vehicle.

This coverage allows the policy owner to purchase additional amounts of insurance on the life of the insured person without evidence of insurability up to a maximum of 5 times.

Some policies also offer an extension - of - benefits - rider that usually doubles the amount of accelerated coverage at an additional cost, but without the purchase of additional death benefit.

These include face amount increases without proof of insurability, dependent children coverage, and an Additional Death Benefit feature that pays $ 200,000 in additional death benefit if both insureds die within the firstAdditional Death Benefit feature that pays $ 200,000 in additional death benefit if both insureds die within the firstadditional death benefit if both insureds die within the first 10 years.

In some cases, policyowners may withdraw the additional cash value without otherwise affecting their death benefits, premium payments, and minimum guaranteed cash values; the insurer may permit policyowners to reduce the level of future premium payments while maintaining the same face amount of coverage; the insurer may allow policyowners to increase the face amount of coverage while maintaining the same premium level; policyowners may keep the face amount and the premium payment level the same but shorten the required premium - payment period; or they may choose some combination or variation of these options.