Sentences with phrase «because policyholders»

The insurance company is less concerned that one spouse might not be in good health, because both policyholders must die before the benefit is paid.

For example, if they had $ 500 million in policies that were lapsed because the policyholders didn't pay their premiums, the amount of «in force life insurance» would drop to $ 1.5 billion.

Disability clauses are necessary in life insurance policies because policyholders sometimes become disabled.

Many feel that mutual insurance companies are better because the policyholders» interests align well with what's best for the company, specifically lowering insurance rates and paying out dividends to attract more customers.

Often, claims get rejected because policyholders either misrepresent facts or do not fully disclose information concerning the history of their health in terms of pre-existing medical conditions or major illnesses, or age, income or occupation.

Because policyholders are allowed to borrow funds from their plan without a tax penalty, many are doing so and using the funds to supplement their retirement income.

Because the policyholders are older when it comes time to renew their policies, it becomes more difficult for them to prove that they are insurable.

In the past, renewing travel insurance policies has be a hassle, because policyholders were required to pay a visit to their insurance providers, or send their applications by mail.

The insurance company is less concerned that one spouse might not be in good health, because both policyholders must die before the benefit is paid.

First, because a policyholder must act quickly to protect public health, it might not have the opportunity to confirm that actual contamination has occurred before making the decision to recall the product.

One reason for this is because the policyholder is allowed, within certain guidelines, to determine how much of the premium will go towards the death benefit, and how much will go towards the cash value component.

For example, the premiums would be higher for a policy that has a $ 500 deductible versus a $ 1,000 deductible because the policyholder elected to assume greater financial risk.

The cash value has the opportunity to grow higher than the whole life policy because the policyholder has the option to invest in securities.

When I tried to collect from their insurance company I was told my claim was going to be denied because their policyholder had suffered a heart attack which caused the accident and he was, therefore, not at fault.

One reason for this is because the policyholder is allowed, within certain guidelines, to determine how much of the premium will go towards the death benefit, and how much will go towards the cash value component.

For example, the premiums would be higher for a policy that has a $ 500 deductible versus a $ 1,000 deductible because the policyholder elected to assume greater financial risk.

This is convenient because the policyholder doesn't have to take the time to file a reimbursement of the cost of the rental car.

This is because the policyholder can opt to invest some or all of their cash into equities such as mutual funds — which can provide the opportunity for added growth, based on market performance.

One reason for this is because the policyholder, within certain guidelines, may be able to change the premium due date to better meet his or her needs.

Rates sometimes go up because the policyholder has filed a claim, been involved in an automobile accident, or received a moving violation.

This is because the policyholder, within certain limits, may choose how much of the premium can go towards the death benefit and how much of it can go towards the cash value.

Deductibles will be applied differently in instances that a vehicle is stolen (and goes unrecovered), vandalized or damaged beyond repair, because the policyholder won't have to pay the deductible in order to trigger the repairs that will be funded by the claims payout.

One big reason for this is because the policyholder may, within certain guidelines, decide how much of his or her premium dollars will go towards the policy's cash component, and how much will go towards the death benefit.

This is because the policyholder can — within certain guidelines — change the timing of when their premium is due, as well as the amount of money that goes towards the policy's cash component and its death benefit component.

This is because the policyholder is allowed — within certain guidelines — to choose how much of his or her premium dollars will go towards the policy's death benefit, and how much will go towards the policy's cash value.

This coverage is considered to be more flexible than whole life insurance coverage, however, because the policyholder can decide how much of the premium goes into the cash value component of the policy and how much goes towards the death benefit (within certain parameters).

The government does not tax a life insurance payout because the policyholder had already paid the premiums with taxable income.

They benefit both the policyholder and the insurer because the policyholder does not want to lose coverage, and the insurer does not want to lose a client.

One reason for this is because the policyholder can — within certain guidelines — decide how much of the premium goes towards the death benefit, and how much goes towards the cash value.

Not exact matches

That's because, as the name implies, cash - value life insurance policies accumulate value over the policyholder's lifetime.

Liability coverage is important because it protects the policyholder and their family members (including pets) from lawsuits for bodily injury or property damage that they are to blame for.

As a policyholder, you don't want to face years of higher property insurance rates because you had to file a claim due to your roommate.

Buffett views the use of such so - called float as one of the key benefits of the insurance business, because it allows him to invest policyholder funds for Berkshire's benefit.

Because non-disclosure is the easiest defense for an insurance company to raise in these cases, particularly in the context of transaction - specific insurance, policyholders must start thinking about this issue from the outset.

Under English law, which often applies to such policies involving international trade, because insurance contracts are «of the utmost good faith», the policyholder is required to disclose all «material» facts to the insurance company even if no question is asked by the insurance company.

A policyholder could find itself in the position of recalling on its own initiative or being asked by FDA to recall based on this «reasonable probability» standard, but not being able to satisfy the definition of «accidental contamination» under its specialty policy because it can not prove its product was W With the frequency of costly product recalls on the rise, many companies have considered purchasing specialty recall coverage to secure coverage for certain recall - related losses that are often excluded from general liability and property policies.

Over 200,000 Equitable Life policyholders may never receive any compensation payments from the coalition because of Treasury incompetence, MPs have warned.

If reinsurance is not available for a particular risk, such as significant windstorm losses, a carrier will not write policies to cover the risk because it would cause unacceptable exposure for them and their policyholders.

This is because the coverage is temporary and only pays out if the policyholder dies while the policy is in effect.

This is because term insurance, being pure risk protection, provides life cover based on the level of risk of mortality associated with the policyholder and doesn't provide money back or returns.

Liability coverage generally includes defense costs, as well, and most policies pay those without regard to the policy limits because it's in the best interest of you, the company, and other policyholders to prove the liability claim before paying it, in order to avoid large settlements for false or frivolous claims.

WHen managing that company's portfolio I didn't have to worry about a run on the portfolio, because I kept more than enough liquid assets to satisfy the demands of policyholders should they decide to surrender.

This is because with these particular policies, the policyholder is able to essentially decide if they want more of an investment or larger death benefit.

Cash value insurance is permanent life insurance because it provides coverage for the policyholder's life.

after expiry of 3 years policyholder dies.how will it be claimed because there is two term insuarnce?

You can't backdate renters insurance because that would defeat how everything works, and would impact policyholders with legitimate claims.

It's mostly because whole life insurance is expensive, and policyholders struggle to keep up with the premiums as time goes on.

As a policyholder, you don't want to face years of higher property insurance rates because you had to file a claim due to your roommate.

Liability coverage is important because it protects the policyholder and their family members (including pets) from lawsuits for bodily injury or property damage that they are to blame for.

I mentioned in the example above that a policyholder may desire additional coverage because of the addition of a child.