Sentences with phrase «against during the life of the policy»
Also, the cash value can be borrowed against during the life of the policy to buy things, invest, etc..
http://www.paramountlifeinsurance.com/ Not exact matches
Life insurance pays your beneficiaries a substantial cash benefit should you die during the term of the policy — essentially protecting them against the risk that you might die prematurely, placing them in financial jeopardy.
In addition to higher premiums, insurance companies that issue guaranteed life policies protect themselves against risk in two additional ways: (1) by offering relatively low payouts, and (2) by typically not providing a death benefit during the first two years after issuing the policy (if the policyholder dies during this time, the company issues a refund of premiums instead).
The life assured is covered against the risk of an unexpected death (natural or accidental death) during the policy period.
It protects you against uncertainties of life during the entire policy term and also protects your guaranteed income against erosion due to inflation.
It provides life cover to the insured against the risk of untimely or pre-mature death during the policy term.
A portion of your payments gets accumulated as cash value which can be used for retirement or can be borrowed against as a loan during the life of the policy.
HDFC Life Super Savings Plan is a regular payment plan which allows an opportunity to participate in the profits of the company by way of bonuses to enhance your policy proceeds.The plan delivers financial defense against premature demise of the insured during the policy term.
This is ideal for those who want to provide a requisite financial cushion to their family / beneficiaries against the adversities in life due to a premature death of the life assured during the policy term.
Furthermore, most whole life policies have financial tools built into them, providing the policy owner with tools that can be made use of during their lifetime, such as borrowing against the cash value of the policy.
During the life of the insured, the policy acts much like a tax - free savings and personal loan account, where the funds can be invested at the policyholder's discretion, or the current value of the policy borrowed against.