Sentences with phrase «after death of the insured occurs»

Level benefit means once the policy has been issued, the insured's beneficiaries are eligible for the full face value immediately after death of the insured occurs with no reduction in the face amount otherwise known as the death benefit.

Not exact matches

Depending on the issuer of the policy, the accidental death benefit may extend up to a year after the initial accident occurred, so long as the accident led to the insured's death.

So, if a policyholder had purchased a Colony Term universal life 10 policy, and then they decided five years after purchasing it that they wanted to have coverage for the remainder of their lifetime, then the coverage extension feature would have allowed the insured to extend the death benefit protection guarantee to either age 90, age 100, or 105 — and, this could occur without the need for the insured to provide evidence of insurability.

If the insured is less than 12 years of age, the cover starts after 2 years and premiums paid are returned if death occurs within the lien period

Accidental Death & Dismemberment (AD&D): The Company shall pay an indemnity determined from the Table if an Insured Person sustains a Loss stated therein resulting from Injury and subject to the limitations contained in EXCLUSIONS AND LIMITATIONS, provided that: a) such Loss occurs within 365 days after the date of Accident causing such Loss; and b) the indemnity payable for any such Loss shall be the Principal Sum stated on the ID Card, as applicable to such Insured Person and this Insurance; and c) if more than one Loss stated in said Table of Losses is sustained as the result of one Accident, only one of the amounts, the largest, shall be payable.

After this term if death occurs, then the balance 50 % sum assured is paid to the nominee after death of the insAfter this term if death occurs, then the balance 50 % sum assured is paid to the nominee after death of the insafter death of the insured.

If death of the insured occurs after the commencement of risk, death benefit amount including «Sum Assured on death + Final Additional Bonus + Accrued Bonuses will be paid.

If death occurs after the commencement of risk, highest of Basic Sum Assured or life insured fund value would be paid.

If the death of the sum insured has occurred after 5 years from the date of policy, Death benefit which is equal to 110 % of basic sum assured + Loyalty additions (if any) would be death of the sum insured has occurred after 5 years from the date of policy, Death benefit which is equal to 110 % of basic sum assured + Loyalty additions (if any) would be Death benefit which is equal to 110 % of basic sum assured + Loyalty additions (if any) would be paid.

Although there is a suicide exclusion in life insurance policies if the insured dies from suicide occurring within the first two years of being insured (one year in some states), the insurance company does pay out death benefits if the insured dies from suicide after two years.