Sentences with phrase «away during the life of the policy»

They simply can not afford to take on term life clients who they feel may pass away during the life of the policy.

Not exact matches

This is important because the cost of a life insurance policy is correlated to the number of years it lasts, since you're more likely to pass away during the period of coverage.

Under child plans, Life Insurance companies offers a premium waiver if the parent (i.e., the insured) passes away during the policy term of a child plan.

If you pass away during the term (duration) of your mortgage life insurance policy, the death benefit is paid to the person you choose (beneficiary) who can use the money to pay off your outstanding mortgage loan, and use any remaining money for any purpose, such as, living expenses, education, paying off credit cards, provide for your funeral and burial costs, etc..

Mortgage Protection Life Insurance is a life insurance policy customized to take care of one's mortgage payments if they pass away during the term of the polLife Insurance is a life insurance policy customized to take care of one's mortgage payments if they pass away during the term of the pollife insurance policy customized to take care of one's mortgage payments if they pass away during the term of the policy.

Term life insurance is purchased for a given term, typically 5 to 30 years, during which time, if you should pass away, your beneficiaries will receive death benefits in the amount of the policy that you purchased.

If you pass away during the term of your policy while coverage is «In Force», your beneficiary (you choose) will receive the death benefit proceeds from the life insurance policy, free from federal income tax.

Similar to auto or homeowners insurance, a term life insurance policy provides a set amount of financial protection if the insured should pass away during the period of time that the policy is in force.

[x] An insurance product which acts like an annuity during the lifetime of the policyholder, and forwards death benefits like a life insurance policy when the insured passes away.

With a term life insurance plan, the policyholder's monthly payment is the same throughout a set time period — or «term» — such as 20 or 30 years, in return for a stated amount of death benefit protection should they pass away during the time that the policy is in force.

Permanent life insurance guarantees that no matter when you pass away or what life changes may have occurred during the time that you own your life insurance policy, there will be some degree of financial security provided to your children, spouse, or any other dependents.

Term policy owners will not own the policy for the rest of their lives (unless they pass away pre-maturely during the specified term period).

If the Life Insured passes away during the lock - in period of the first five policy years, the nominee receives the Fund Value as on the date of death plus Loyalty Additions.

In case of an unfortunate event, life assured passes away during the policy term - immediate payment is payable to the nominee by the insurance company.

Realty: Term insurance being the most traditional type of life insurance, offers death benefits if the insured passes away during the policy period.

If any of the life partners passes away during the policy tenure, this is how a term insurance company will pay the benefit to the nominee / surviving partner:

If the life assured passes away during the policy period, the nominee would receive a percentage of sum assured every month as an income replacement due to the loss of the income.

If you pass away during the term of your policy, your beneficiaries will receive the death benefit as a lump sum (find out How to Collect a Life Insurance Payout).

In order for a death benefit to be paid out on a term life policy the insured must pass away during the «Term» of the policy.

The lower your age, the lower the actuarial risk of you passing away during your policy term, the lower the price you pay for your life insurance coverage.

Life insurance provides coverage on a specific person's life, and if that person passes away during the time the policy in In Force, there is a payout on the coverage, subject to all of the terms and conditions stated in the insurance contrLife insurance provides coverage on a specific person's life, and if that person passes away during the time the policy in In Force, there is a payout on the coverage, subject to all of the terms and conditions stated in the insurance contrlife, and if that person passes away during the time the policy in In Force, there is a payout on the coverage, subject to all of the terms and conditions stated in the insurance contract.

Your life insurance coverage amount would be paid to your beneficiary if you were to pass away during the term of the life insurance policy.

Whatever it is, we at JustBuryMe know that you want a life insurance policy that's going to offer your loved ones some peace of mind during the horrible event of your passing away.

If you were to pass away during the first two years of your policy, the life insurance companies will refund your premiums and 10 % interest to the beneficiary that is listed on your policy.

If you pass away during the term of your policy, your beneficiary receives a death benefit pay out from your life insurance free from federal income taxes.