Sentences with phrase «away during the policy term»

Young, healthy people are unlikely to pass away during their policy terms, which means that the money spent on premiums is lost at the end of the term.

The insurance company offers a premium waiver if the parent (i.e., the insured) passes away during the policy term of a child plan.

Some companies will even buy term life insurance policies for cash, but only if you're quite old or sick, so likely to pass away during the policy term.

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 your policy term, your beneficiary would receive the death benefit from your policy.

If the insured person passes away during the policy term, the beneficiary is entitled to the insured sum, but, if the person survives the policy cover period, then survival benefits are not given to the beneficiary.

In case of an unfortunate event, the insured parent passes away during the policy term - immediate payment is payable by the insurance company.

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.

If however, you pass away during the policy term without having had to claim for the critical illness Sum Assured, your family would be paid the Sum Assured of Rs. 60 lakhs.

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.

However, Type - II ULIPs perform far better if the policy holder passes away during the policy term.

Not exact matches

Should you pass away during the term, your beneficiary will receive the policy's death benefit.

«Since the transition away from fossil fuels is likely to take a very long time, we foresee a long - term need to deal with coal - based emissions and, therefore, the sooner we begin to develop [carbon capture and storage] technology, the better,» Austin - based energy policy specialist Scott Anderson of Environmental Defense told a Senate panel earlier this year during a hearing on CCS technology.

If you pass away during the specified term of the policy, your designated beneficiary will receive the death benefits from your policy.

By purchasing a 20 year term life insurance policy during this time in your life, you can be certain your financial responsibilities will be covered if you were to pass away.

You may need an inexpensive term life policy, which lasts 20 - 30 years and provides a death benefit to your family if you pass away during the term.

Should a policy holder pass away during the «term,» or time frame, of the policy being in - force, a beneficiary (or beneficiaries) will receive the death benefit proceeds.

When purchasing a policy for a 20 or 30 year term to cover a mortgage or refinance loan, if the insured person does not pass away during that term, the lump sum paid back can be used toward any remaining debt on the mortgage.

If you pass away at any time during that term, your beneficiaries will receive the full amount of the policy.

If you pass away during the term of your policy, your designated beneficiaries will receive a tax - free, lump - sum death benefit.

If you or your spouse passes away at any time during this term (usually 20 — 30 years), your beneficiaries will receive a payout from the term life insurance policy.

Should the insured pass away during the policy's term, a death benefit will be paid out to the named beneficiary.

If, during the policy term the policyholder passes away, the nominees receive a Death Benefit that takes care of their financial needs in the absence of the policyholder.

Should a policy holder pass away during the «term,» or time frame, of the policy being in - force, a beneficiary (or beneficiaries) will receive the death benefit proceeds.

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 policy.

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

You know your family will receive death benefits if you happen to pass away during the term of your policy.

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.

By purchasing a 20 year term life insurance policy during this time in your life, you can be certain your financial responsibilities will be covered if you were to pass away.

If you pass away during the term of your term policy, the death benefit is paid to your family (beneficiary).

The coverage is no different than a regular term policy, except that at the end of your term with an ROP term you get all your premiums back if you did not pass away during the agreed upon term length.

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.

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

Be assured that your nominee will receive a guaranteed death benefit of 105 % of all premiums paid by you, should you pass away during the term of the policy

During the policy term, if the insured passes away due to an accident, this rider pays an additional sum assured.

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 you pass away during the term of your policy, your nominee will receive the benefits of the sum assured amount and guaranteed returns.

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 polterm life policy the insured must pass away during the «Term» of the polTerm» of the policy.

However, if you (the insured person) pass away during the «term» for coverage, the death benefit is paid out to the person or persons you select as beneficiary to your policy.

Death Benefits: If the insured passes away during the term of the policy, the nominee receives a lump sum Death Benefit, which is computed as the highest of the following:

Mortgage protection life insurance is a policy designed to pay off your mortgage should you pass away during its term.

If you should pass away while your policy is «In Force» meaning during the term of your coverage and the premiums are paid up - to - date, then the death benefit is paid to the person or persons you chose as your beneficiary.

Then, if you pass away during the «term» when the policy's in force, your loved ones receive the face value of the policy.

You would pay $ 350 each year and if you pass away during the 15 year term, your family (beneficiary) would receive the proceeds from your decreasing term policy.

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 contract.