Sentences with phrase «as age of the policyholder»

Therefore, as the age of the policyholder increases, the premium of YRT policies will increase as well.

This includes the necessary conditions to qualify as an accidental death and a valid claim, such as the specific cause of death and the time frame in which death occurs as a direct result of the accident; such restrictions as the age of the policyholder; and the amount of compensation that a beneficiary will receive.

Mortality charges are deducted on a monthly basis and are based on various factors such as age of the policyholder, their health status, Life coverage amount, etc..

Not exact matches

Experts say there are hundreds of factors that go into how auto insurers set premiums, including state laws, claims history in the state, the individual company and the policyholder's characteristics, such as age, location and driving record.

However, rather than having premiums that are paid for the rest of the policy holder's life, the policyholder instead chooses to pay for only a set period of time such as for 10 years, 15 years, or until he or she reaches age 65.

Continuous Premium Whole Life — Same as Straight or Level Premium Whole life and simply means that the policyholder pays the same premium over the entire lifetime of the policy which is generally to age 100.

This policy is customizable — with rider options such as accidental death benefit, child protection and waiver of premium — and policyholders are given the option to convert up to the age of 65 or before the end of their term.

On maturity, a Guaranteed Maturity Benefit is paid expressed as the Single Premium multiplied by the Guaranteed Maturity Factor where the factor depends on the age of the policyholder, amount of premium and the plan tenure chosen.

Under the option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in equal monthly instalments for a period till which the policyholder's child attains 21 years of age.

Vesting Age: The age of the policyholder at which the insurance provider start giving payouts is known as the vesting aAge: The age of the policyholder at which the insurance provider start giving payouts is known as the vesting aage of the policyholder at which the insurance provider start giving payouts is known as the vesting ageage.

This is especially true for policyholders of final expense insurance; they typically skew older in age and may not have trusted people like a spouse or siblings to name as their beneficiary.

Under the second Age Based Strategy, there are three risk profiles of Aggressive, Moderate and Conservative and as chosen, the funds are invested in two funds namely Classic Opportunities Fund and Dynamic Bond Fund in a ratio depending on the age of the policyholdAge Based Strategy, there are three risk profiles of Aggressive, Moderate and Conservative and as chosen, the funds are invested in two funds namely Classic Opportunities Fund and Dynamic Bond Fund in a ratio depending on the age of the policyholdage of the policyholder.

Subsequently the policyholder is required to present the following information to the insurer regarding the nominee — full name, address and age as mentioned in his / her official documents along with the details of relationship between the policyholder and nominee.

Term life insurance premiums are set based on the age, sex and health of the policyholder, as determined by a medical exam; also included factors such as driving record, medications, smoker or non-smoker status, occupation and family history.

However, if the policyholder must re-qualify for the coverage once the term expires, they may face higher premiums as a result of their advanced age or other medical factors.

While insurance companies are not allowed to deny coverage to policyholders because of race, religion, residence, age or occupation - they are allowed to cancel your policy for having your driver's license suspended or being convicted of a crime, such as a DUI.

You'll act as policyholder until they reach the age of 21 at which time they'll become the policyholder.

Life insurance companies consider other factors as well when deciding the premium like personal expense of the policyholder, lifestyle habits, present health condition, age etc..

This plan also offers pension for the policyholder as well as his / her spouse for life, minimum age of the spouse to enter the pension plan is 20 years.

You can link their plan with the parent as the joint policyholder till the age of 23 or 24 years post which the actual policyholder (child) can continue paying the premiums.

However, rather than having premiums that are paid for the rest of the policy holder's life, the policyholder instead chooses to pay for only a set period of time such as for 10 years, 15 years, or until he or she reaches age 65.

However, the age here needs to be considered as per the last birthday of the policyholder.

The maximum maturity age as per the plan is 75 years If the policyholder survives till the maturity of the policy, then he would be entitled to the basic Sum Assured in addition to simple reversionary bonuses and Final Additional bonus (if any).

As the death benefit the death Sum Assured is paid which is higher of the maturity Sum Assured or 10 or 7 times the premium payable yearly depending on the age of the policyholder.

On maturity, Guaranteed Maturity Benefit as a % of basic SA depending on the entry age and policy term is paid to the policyholder

According to the plan, the policyholder receives an assured annual income as Maturity Benefit and an additional benefit of up to 4.5 times the annual premium, depending on the age of the policyholder.

The policyholder has to submit his Income proof as per the age of the insured and the sum assured chosen.

As such policyholder may defer the vesting age maximum to 75 years, till he / she attains the age of 55 years.

Each year, as the policyholder ages and his or her risk of death rises, premiums increase.

Experts say there are hundreds of factors that go into how auto insurers set premiums, including state laws, claims history in the state, the individual company and the policyholder's characteristics, such as age, location and driving record.

The cost of insurance inside a universal life policy, which acts like an annual renewable term policy, increases as a policyholder ages.

As the policyholder attains the age of 75 years or on the policy anniversary (whichever happens later), the following benefit shall be paid: Guaranteed Maturity Sum Assured + Accrued Paid - up Additions (if any) + Terminal Bonus (if any) where Guaranteed Maturity Sum Assured is the total guaranteed sum to be received at the end of the policy term Accrued paid - up additions are any additional coverage provided by the company (if applicable) Terminal bonus is the bonus to be received at the end of the policy term (if applicable)

Whole life insurance is commonly referred to as permanent life insurance, which is a life insurance policy that is good for the entire life of the policyholder, even if you live past age 100.

Guaranteed Maturity Sum Assured + Accrued Paid - Up Additions (if any) + Terminal Bonus (if any) is payable to the policyholder as Maturity proceeds on the policy anniversary immediately following or coinciding with Life Insured attaining age of 75 years.

Upon commencement of the risk cover, the death benefit payable is same as applicable for policyholder with entry age 5 years and above.

The death benefit has to be 10 times the annual premium as cover for policyholders under the age of 45 and seven times for those over 45.