Sentences with phrase «as the policy holder ages»

The cash value accumulation then slows again as the policy holder ages and more of the premium is applied to the death benefits.

The cash value accumulation then slows again as the policy holder ages and more of the premium is applied to the death benefits.

This type of policy may have lower initial expenses, but may become more expensive than issue - age pricing or community - rated pricing as the policy holder ages.

Not exact matches

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.

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 Policy Holder must be between 18 and 69 years of age and needs to be included in the cover as an Insured Person.

They'll collect as much data as possible from credit histories, to information about the age or sex of policy holders, to any other important information that may increase the risk under a policy.

If you are able to qualify for a life insurance policy that is rated as a Standard, then you will pay a premium rate that is in line with the «average» policy holder of your same gender and age range.

Non-United States citizens or any visa holders (e.g. L / H / B1, B2, etc.) as well as person on Green Card living outside of the U.S. can also purchase the plan for temporary coverage in the U.S.. For someone below 65 years of age, coverage must begin within 6 months of arrival in the U.S. and for someone 65 years of age and older, coverage must begin within 30 days of arrival in the U.S. (restriction waived with proof of previous valid insurance within 30 days of the policy start date).

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 healtAs 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 healtas age, occupation, lifestyle and overall health.

This flexibility in premium allows the policy holder to choose a lesser amount of premium that can guarantee coverage for a reduced duration such as coverage to the insured's age 100.

There are other policy options as well, including one for return of premium, as well as a term conversion option that allows the company's term life insurance policy holders with additional flexibility as their policy ages.

After the time has elapsed, policy holders have the option of keeping the coverage as an annually renewable plan, which provides a level amount of death benefit until the insured turns age 98.

This will be dependent upon several different factors — including the policy holder's age and gender, as well as the type of policy that is purchased and the insurance company that the plan is purchased through.

** Policy holders above age 45 years at start of policy have an option to select 7 times the annualized premium as the lump sum aPolicy holders above age 45 years at start of policy have an option to select 7 times the annualized premium as the lump sum apolicy have an option to select 7 times the annualized premium as the lump sum amount.

Having permanent coverage is also a plus, as the death benefit will remain in force, regardless of a policy holder's increasing age or health condition.

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.

As the name suggest, edelweiss tokio life triple advantage plan provide a triple time benefit in case policy holder cross the age of 75 years.

The premium amount payable increases with age of policy holders, generally above 45 years of age, as above this age risk factors increase.

Maturity Benefits: As discussed earlier the maturity benefit depends on the survival age of the policy holder.

A policy holder can save a sum of amount Rs. 25, 000 as the security from the taxes if the age of the policy holder is age 60 or above.

Let's consider an example — Policy holder's current age is 30 years (male), buys this policy for Sum Assured of Rs 10 Lakh and with Premium Paying Term as 25 Policy holder's current age is 30 years (male), buys this policy for Sum Assured of Rs 10 Lakh and with Premium Paying Term as 25 policy for Sum Assured of Rs 10 Lakh and with Premium Paying Term as 25 years.

when policy holder dies at the age of 80 years sum assured, reversionary bonus up to age 80 years and final additional bonus as per the term will be paid

In case, you decide to buy one more ULIP, the mortality charges can be higher as it is based on the age of the policy holder.

The Guaranteed Death benefit along with Accrued Paid up Additions and Terminal bonus at various ages of policy holder is as mentioned below: Benefits illustrated below: -

As per above policy details, the policy holder is require to pay premium for 30 years and once this premium paying term of 30 years completed, the policy holder starts receiving 2,00,000 (8 % of BSA) per year up to his 99 years of age and on completion of 100 years of age or completion of policy term maturity will be paid.

Suppose if, unfortunate death of policy holder happens in year 2027 (at age 40), then by that time total premium paid will be Rs. 6,52,620 and nominee will get death claim as Rs. 19,20,000 in case of normal death or Rs. 31,20,000 as accidental death claim in case of death due to accident and policy will stop.

Premium paying term (PPT) can be either of 15, 20, 25 or 30 years, provided age at completion of premium paying term is not less than 30 years, for example, a 10 year old policy holder can not have PPT as 15.