Sentences with phrase «age of the life insured at»

Entry Age: the age of the Life Insured at the commencement of the Policy.

Entry Age - the age of the Life Insured at the commencement of the Policy.

Entry Age: the age of the Life Insured at the commencement of the Policy should be between 18 to 65 years of age.

Entry Age: the age of the Life Insured at the commencement of the policy should be between 18 and 60 years of age.

Each top - up has a top - up sum assured of 125 % or 110 % of top - up amount depending on the age of the Life Insured at the time of payment of the top - up premium.

In case, age of the life insured at entry is less than 45 years, sum assured on death which is higher of minimum sum assured or 10 times of annualized premium is payable.

In case, age of the life insured at entry is less than 45 years, sum assured on death which is higher of 125 % of single premium or guaranteed amount on maturity or sum assured is payable.

If age of the life insured at entry is equal to or more than 45 years, sum assured on death which is higher of 110 % of single premium or guaranteed amount on maturity or sum assured is payable.

Not exact matches

Guaranteed Purchase Option Rider: allows the insured to purchase additional life insurance coverage with no evidence of insurability at specific ages or for specific events, such as marriage, buying a home and the birth of a child.

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.

Re-Entry: A policy provision that allows an insured to renew their term life insurance policy at the end of the term based on their attained age and health status.

In case the Life Insured is a minor at the time of the policy issuance, the ownership of the policy will vest in the Life Insured on attainment of 18 years of age, age last birthday.

In case of the life insured being a minor at the time of policy issuance, the ownership of the policy will vest in the life insured on attainment of age 18 years, age last birthday.

With a paid - up policy, you make payments until a particular age (usually 65 or 70), at which point you are insured for the rest of your life or a very old age like 120.

The 7 yr forward mortality experienced from Sep 30th 2006 (my estimate: 38 mortalities) works out around at 30 % of the initial lives insured (which I make 123 after adjusting for later policy - sales and 1 policy addition), whereas the CDC 2008 (white male / female) data predicts 59 % for the 7 yr forward mortality rate at the average age which was 84 in Sept 2006.

Re-Entry: A policy provision that allows an insured to renew their term life insurance policy at the end of the term based on their attained age and health status.

The GIO rider allows the insured to buy more life insurance without evidence of insurability at certain ages, or alternatively, on special occasions, such as marriage or the birth or adoption of a child.

Many insurers place restrictions on a final expense life insurance policy which require the insured to be at least 50 years of age and many policies are not available for buyers over 85 years or age.

(Term life insurance policies are only in force for a certain, set period of time such as 10, 15, 20, 25, or 30 years and then they will automatically expire, leaving the insured to have to re-qualify for coverage if they want to remain insured at their then - current age and health condition).

The children's term rider can provide term life insurance protection for the insured's child or children who are between the ages of 15 days and 19 years at the time of application.

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.

The life insurance policy rates are based upon the insured's age, health and lifestyles factors at the time of application.

LifeStyle Term can be renewed until age 80 of the life insured, at which time the insurance terminates.

Life insurance premium rates are governed by the following factors: • Mortality Rate: is an insurer «s anticipation of deaths amongst a particular group of insured lives at certain ages.

Twenty Pay Term to Age 100 - This plan provides a level amount of permanent life insurance to age 100 of the life insured, at which time the face amount of insurance is paAge 100 - This plan provides a level amount of permanent life insurance to age 100 of the life insured, at which time the face amount of insurance is paage 100 of the life insured, at which time the face amount of insurance is paid.

So someone diagnosed at age 65 with late onset diabetes is less of a risk for life insurance companies to insure than a 35 - year - old who was diagnosed during adolescence.

Survivorship life insurance is whole life insurance insuring two lives, with proceeds payable after the second (later) death.The level premium system results in overpaying for the risk of dying at younger ages, and underpaying in later years toward the end of life.

As whole life policies, Senior and Simplified policies stay in force until age 100, at which age a living benefit equal to the face amount of the policy will be paid to the insured.

Since they cover the insured till the age of 100 and sometimes beyond, there is an inherent guarantee that at one point in time the life insurance proceeds will surely reach the intended beneficiary.

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.

Generally applicable to current assumption policies such as equity indexed, variable and universal life, cost of insurance charges are monthly charges for mortality and other elements of insurer expense that are assessed against the policy based on the insured's current age, the original rate class, and the current net amount at risk.

The whole life insurance options at USAA Life Insurance Company offer the ability to make premium payments for 20 years, until the insured turns age 65, or for the lifetime of the pollife insurance options at USAA Life Insurance Company offer the ability to make premium payments for 20 years, until the insured turns age 65, or for the lifetime of the polLife Insurance Company offer the ability to make premium payments for 20 years, until the insured turns age 65, or for the lifetime of the policy.

This coverage can be purchased starting at age 0, and in many instances, the policy holder will have the opportunity of converting the term policy over into a permanent life insurance policy — which can then provide coverage for the remainder of the insured's lifetime.

Provided that the insured survives throughout the time period of the policy, and he or she wishes to remain covered by life insurance, they will need to re-qualify for a new policy at their then - current age and health status.

Term life insurance lasts for a designated period of time and allows the insured to covert to permanent insure at any time during the policy period (before the age of 70).

Their term life insurance policies are convertible to age 70 and the Accelerated Death Benefits are included at no cost, providing the lesser of 50 % or $ 300,000 to the insured in the event they are terminal or confined to a nursing home.

Because of this, even though term life insurance policies will often start out with a lower premium than a comparable permanent policy, at a higher age, the insured will typically have to pay much more.

It allows the insured to purchase additional life insurance coverage at specific ages, or alternatively, at special occasions such as the birth of a child or marriage.

The purpose of underwriting is to attempt to assess the probability that the insured will die at a normal or premature age, and what the life expectancy of the insured person is given large scale probabilities for people with similar health risks.

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.

For example — If the life insured aged 35 gets a plan of monthly income of Rs. 50,000 under increasing income protection and passes away at age 41.

Endowment: In life insurance, a contract which provides for the payment of the face amount at the end of a fixed period, or at a specified age of the insured, or at the death of the insured before the end of the stated period.

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.

The advantage of conversion term life insurance is you can get insured at a relatively low cost depending on your age and health that can be converted to a superior whole life or universal life policy at a later time, with no evidence of insurability required, i.e. no health questions or medical exam.

Usually the option to add death benefit coverage through the GI rider occurs at certain pre-determined ages (which may vary by company) throughout the insureds life, but may also occur during special life events such as marriage or the birth of a child.

This charge is levied on the attained age of the Life Insured for the Sum at Risk and is unisex.

The following table illustrates the rates of premium for two different coverage ranges and at different ages of the life insured.

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.

If the age of the life insured is 60 years or above at the time of death, the death benefit will be greater of the sum assured and the total fund value (minus all the withdrawals made after the 58th birthday of the life insured).

Provided that the death benefit is at least 105 % of the total premiums paid till death If the life insured dies before reaching 60 years of age, the Sum Assured would be deducted for any partial withdrawals made during two years prior to death If the life insured dies after attaining 60 years, any partial withdrawals made after crossing 58 years of age would be deducted from the Sum Assured.