Sentences with phrase «additional amounts of insurance»

These may be taken in cash, or alternatively they may be used to purchase additional amounts of insurance.

Buy additional amounts of insurance, on specific option dates, without a medical exam, at standard rates.

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.

These include taking it in cash (by receiving a check from the insurance company), using it to purchase additional amounts of insurance coverage on your policy, and / or by adding the amount of the dividend to the policy's cash value component.

Guaranteed Insurability Option A policy rider, the guaranteed insurability option assures the policy holder the right to purchase additional amounts of insurance at predetermined future intervals or ages without providing evidence of insurability.

Although they are not guaranteed, if a bonus is available, it may be taken by the policy holder in the form of cash, or the funds from the dividend may be used to purchase additional amounts of insurance coverage.

A policy rider, the guaranteed insurability option assures the policy holder the right to purchase additional amounts of insurance at predetermined future intervals or ages without providing evidence of insurability.

With this rider an insured has the right to buy additional amounts of insurance on specific option dates without evidence of insurability, at standard rates.

While dividends are not guaranteed, they can be a nice benefit for policyholders, as they can be taken in the form of cash or alternatively, they may be used for purchasing additional amounts of insurance, or for adding to the cash value of a permanent life insurance policy.

This coverage allows owners of a growing business to purchase an additional amount of insurance based on the increased fair market value of the company, without having to provide new evidence of insurability.

This coverage provides an additional amount of insurance if the insured suffers a fracture, dismemberment, loss of one or more limbs or loss of sight or death due to an accident.

This means that although the insurance will be priced according to the new attained age of the policyholder, the additional amount of insurance is guaranteed since no medical underwriting is required.

The same thing could apply in reverse because of the additional amount of insurance responsibility that a North Bend company owner will have.