Sentences with phrase «age of the individuals insured»

Not exact matches

When the insured individual gets older, say age 75, if the objective of protection is no longer an issue, the insured has the option to surrender his policy and tap into the cash value as a source of income.

Thanks to an aging population and the promise of a larger number of insured individuals under healthcare reform, healthcare industry employment is expected to grow at a rate exceeding nearly all other industries in the United States.

If the group of proposed insureds is acceptable, the insurance company dispenses with individual underwriting (for example, a whole life policy may offer a guaranteed amount of $ 10,000 for eligible applicants under age 35.)

Because this coverage is whole life, once an individual has been approved, the amount of coverage can not go down, and the premium can not be raised — even as the insured advances in age, or if they contract an adverse health condition.

Once an individual has been approved for a burial insurance plan with Americo, the premium will remain level throughout the life of the policy — and, provided that the premium continues to be paid, the coverage can not be canceled due to the insured's age or health status.

Life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, and has additional charges for riders that customize a policy to fit individual needs.

Also, if one person is significantly older than the other, you will be paying a premium that is an average of the ages of the insured individuals.

Since the policies are being purchased as investments and will be kept active until the death of the insured, age requirements are at minimum individuals over 65 with some degree of health history.

30s is an ideal age bracket to get insured as an individual is free of the financial obligations that comes with the subsequent ages.

Life insurance has fees and charges associated with it that include costs of insurance that vary based on the insured person's sex, health and age, and has additional charges for riders that customize a policy to fit your individual needs.

Insurance companies may factor in their policy premium the driving record of any individual of driving age that resides within an insured's household.

Each policy is priced for an individual to keep over a long period of time and set according to insured's age at time of purchase.

Life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, and has additional charges for riders that customize a policy to fit your individual needs.

Variable life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, underlying fund charges and expenses, and additional charges for riders that customize a policy to fit your individual needs.

The amount of the LTCi premium treated as a medical expense is limited to the eligible LTCi premiums, as defined by Internal Revenue Code 213 (d), based on the age of the insured individual.

However, as the insured individual ages, the cost of providing life insurance rises.

As the policy holder, you would first be assessed for «insurability,» which is a term for the overall risk of insuring an individual based on a number of factors such as age, occupation, lifestyle and overall health.

The yearly maximum deductible amount for each individual depends on the insured's attained age at the close of the taxable year (see Table 1 for current limits).

As its name implies, permanent life insurance is designed to protect an insured for the remainder of his or her life — and, in most cases, the premium will not increase due to advancing age, or even if the individual contracts an adverse health condition, once they are insured.

The premium for a sum insured of Rs 10 lakh for Bajaj Allianz Health Guard individual hospitalisation reimbursement plan is Rs 10,913 for a male in the 26 — 40 age bracket.

Premiums are based on the age and the health condition of the insured individual at the time he or she applies for coverage.

Plans are available for individuals between age group of 18 to 69 years under various sum insured plans.

For instance, they must know how premium changes based on different sum assured and according to age of the insured individual holding a LIC single premium policy, and what is sample premium for every increase of say Rs. 1000 in Sum Assured for different LIC single premium policy periods, and so on.

On renewal, the maximum sum insured for individuals above the age of 70 years is restricted to Rs. 5,00,000 only.

However, according to a survey, people in the 22 - 26 age bracket are the least insured, while 68 % of individuals in the 55 - 60 years category have a health insurance.

These short - term rates are based upon the age, lifestyle, and health of the individual being insured.

An insured and his or her spouse could be approved for a combined total of up to $ 200,000 in coverage, provided that both individuals are between the ages of 19 and 69 years old.