Sentences with phrase «age of the insured when»

The maturity age (age of the insured when the plan matures) under these plans is either

The maturity age (age of the insured when the plan matures) under these plans is either 99 years or 100 years.

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.

When the insured is age 70 — or at the end of the guaranteed period of level - premium — whichever occurs first, the insured is allowed to convert the level term life insurance policy over into a whole life insurance or a universal life insurance plan.

The length of the guarantee period is 5 to 10 years depending on the Insured's age when we issue the policy.

But I do agree that Embrace and Healthy Paws are excellent companies, and I might have more seriously considered Embrace, had they allowed new insureds over the age of eight, and Healthy Paws, had they been in biz a bit longer, they were very new when I was changing plans, but I'm not as keen about the fact that they don't pay for the office visits.

A reservation of rights letter for this reason might be appropriate if your teenager hit a baseball through the neighbor's window (negligence, of an insured, resulting in property damage, that was not expected or intended — that's probably covered) but then got in a fight with the neighbor and hit him when the neighbor tried to make him pay for the damages (not negligence, expected or intended injury, unlikely to be covered unless the teenager is under the age of 13).

This convertible term insurance can be made of use when the person insured is still at a young age where the insurance could still cater for small expense and premature death but as time comes everyone gets older, this convertible term insurance might not be enough to cater the long term needs of the insured so it is of best interest that the policy holder should convert their policy to a more permanent type of insurance such as Universal Life.

Rather than simply insuring your home for how much you paid for it, you should consider the cost of rebuilding, market fluctuations in your area and your home's age when estimating the rebuild cost.

The declared premium when the policy is issued remains the same, regardless of the insured's age.

If the base insured becomes disabled between the ages 60 and 65, this coverage will waive monthly deductions to the later of the third policy anniversary after total disability, and the anniversary when the insured is age 65.

An additional important detail is that when the person insured is a minor, the life insurance policy is generally owned by the purchasing adult until the child reaches the age of majority as defined by state law.

When the insured is a minor, the policy is generally owned by the purchasing adult until the child reaches the age of majority as defined by state law.

In a typical life insurance situation, your age, your health, and your lifestyle are big determinants of how long you are likely to live — and when they are all combined, these criteria can help the life insurance company to predict whether it may need to pay out a death benefit claim while you are insured.

When the child / insured turns age 18, the amount of the life insurance protection automatically doubles — and, if the premium is paid, the child can continue to keep the policy into adulthood, regardless of age or health condition.

Coverage on each child expires at the earlier of child's attained age 23, the Insured's attained age 65 or when the policy terminates.

Whole life insurance began as a «term to age 100» life insurance product in response to market demands for an insurance policy that would remain in force for as long as the insured was still alive and that would provide some type of guarantee of benefits when the insured finally did pass away.

But when the insured is of advancing age, and of course when the insured dies, they will suddenly tighten up their standards for timely payments.

When the initial «term» of a term life insurance plan ends and the policy holder opts to renew his or her coverage, the new policy will be underwritten at the then - current age and health condition of the insured.

When conversion takes place, only the age of the insured is taken into consideration during the underwriting process.

A number of different risk factors go into determining how much you will need to pay for auto insurance.Gender, age, occupation, driving record, type of vehicle, and where you live are just some of the factors considered when obtaining auto insurance quotes.Based on past accident and theft statistics, insurance companies use these factors to determine the probability that you will file a claim.For example, if you have a clean driving record with no speeding tickets, insurance companies feel like you are less likely to have an accident.Therefore, your auto insurance quote will be lower than someone who has one or more speeding tickets.In the same turn, it costs more to insure types of vehicles that are prone to accidents and theft.

The advantages of level premium are: — As mortality risk increases with the age of the insured the actual premium chargeable at higher age is much more than that chargeable when a person is young.

The cost per $ 1,000 of benefit increases as the insured person ages, and it obviously gets very high when the insured lives to 80 and beyond.

The policy pays upon the death of the insured or when the insured person reaches a specific age stated in the policy.

When the insured is age 70 — or at the end of the guaranteed period of level - premium — whichever occurs first, the insured is allowed to convert the level term life insurance policy over into a whole life insurance or a universal life insurance plan.

An indeterminate premium whole life insurance policy will also endow when the insured reaches the age of 100.

In the latter years of the policy, when the cost of insurance has increased because of the age of the insured, funds from the accumulation account are added to the periodic premium to make up the shortfall and keep the policy in force.

It may happen that the premium applicable when the life insured is older may be too high for him to pay and a policy lapse due to non-payment of premium would leave him without insurance cover at an age when he needs it most.

Rider expires when one of two things happens first: either child reaches age 23 or insured reaches age 65

Examples of when this may happen is if a prospective insured has had cancer, a heart attack, a stroke, or is over the acceptable maximum age.

This policies may be said to be a form of «permanent term» as usually they expire when the insured person reaches a very old age (i.e. age 100).

(1) Any rates, rating schedules, or rating manuals for the liability, personal injury protection, and collision coverages of a motor vehicle insurance policy filed with the office shall provide for an appropriate reduction in premium charges as to such coverages when the principal operator on the covered vehicle is an insured 55 years of age or older who has successfully completed a motor vehicle accident prevention course approved by the Department of Highway Safety and Motor Vehicles.

Most endowment plans will offer insurance coverage and the promise of benefits even after the maturity date, in some cases up to a time when the life insured attains the age of 100

The insured might have to bear additional tests when he opts for a high insurance coverage or crosses the age of 55.

In case of demise of the life insured when the dependent is alive 20 % of the sum assured + guaranteed bonus + terminal bonus if any is paid to the nominee as lump - sum amount and the rest 80 % of the sum assured is utilized to pay annuity for 15 years and life thereafter depending upon the age of the handicapped dependent.

The Sum Assured on maturity is subject to one's age when the life was insured and is payable only on one's survival at the end of the policy term.

Even if you wish, renewing insurance policy with a greater sum insured than your current one, after a claim is difficult, when you reach the age of 45 or more.

If the insured becomes disabled between the ages of 60 and 65, this coverage will waive premiums to the later of the third policy anniversary after total disability, and the anniversary when the insured is age 65.

Make unlimited partial withdrawals from your fund for supporting emergency situations, at any time after the completion of 5 policy years or when life insured attains the age of 18, whichever is later, subject to a minimum partial withdrawal amount of Rs. 5,000

Robert's mortgage is paid off, but he needs to insure his income until his planned retirement age of 67, when his pension is fully vested.

Step 4 — when the insured attains 61 years of age, 7.5 % of the guaranteed maturity Sum Assured is paid every year till plan completion.

Fund your emergency requirements by making unlimited partial withdrawals from your fund at any time after the completion of 5 policy years or when life insured attains the age of 18, whichever is later, subject to a minimum partial withdrawal amount of Rs. 5,000

For all those emergency situations, avail the facility of making unlimited partial withdrawals from your fund, any time after the completion of 5 policy years or when life insured attains the age of 18, whichever is later, subject to a minimum partial withdrawal amount of Rs. 5,000

Make unlimited partial withdrawals from your fund, any time after completion of 5 policy years or when life insured attains the age of 18, whichever is later, subject to a minimum partial withdrawal amount of Rs. 5,000

Although a policyholder may enjoy extremely cheap premiums when he or she is young, term products expire after a certain number of years, or when the insured reaches a certain age.

With most insurers, a medical exam is essential when purchasing very existence insurance coverages, and especially once the insured party is of retirement age.

An endowment life insurance policy is a form of insurance that «matures» after a certain length of time, typically 10, 15 or 20 years past the policy's purchase date, or when the insured reaches a specific age.

Death Sum Assured amount is higher of basic sum assured, maturity sum assured, 105 % of all the premiums paid (till the date of death), or 10 times the annualized premium if life insured is less than 45 years of age (7 times when 45 years & above).

As with other forms of life insurance, premiums are calculated depending on the age and gender of the potential insured, so the older you are when buying funeral insurance, the more expensive the premiums become.

And industry sponsored ORV safety classes become more and more common each year, with many requiring the completion of these classes for anyone who wishes to ride at all when they under the age of 16, as well as for anyone who wishes to insure their ORVs.