Sentences with phrase «benefit policy holder»

The payouts are designed to benefit the policy holder at every stage of the disease.

Life insurance policies might not benefit the policy holder directly.

A related reason why a mutual life insurance company is preferable is because excess profits are NOT used for purposes that do not benefit the policy holders, such as large executive bonuses AND a conflict could arise if a stock company is concerned.

Another reason why a mutual life insurance company is ideal for our purposes is because excess profits are NOT used for purposes that do not benefit the policy holders — for things like large executive bonuses.

The company remains independent and is focused on long - term strategies and financial strength to benefit its policy holders and clients.

Another reason why a mutual life insurance company is ideal for our purposes is because excess profits are NOT used for purposes that do not benefit the policy holders — for things like large executive bonuses.

A related reason why a mutual life insurance company is preferable is because excess profits are NOT used for purposes that do not benefit the policy holders, such as large executive bonuses AND a conflict could arise if a stock company is concerned.

Amendments in Insurance Bill that would benefit policy holders Last week, Prime Minister, Mr. Narendra Modi has approved the Insurance Amendment Bill 2008.

What are those 4 major amendments that would benefit policy holders?

Not exact matches

When it is time for either college or retirement, the policy holder can borrow money from the cash value and pay it back with the death benefit when they die.

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

Maturity Benefit — In case the policy holder survives the entire tenure of the policy then he / she will be liable to avail maturity benefit as final instalment of survival benefit along with terminal bonus plus vested simple reversionaryBenefit — In case the policy holder survives the entire tenure of the policy then he / she will be liable to avail maturity benefit as final instalment of survival benefit along with terminal bonus plus vested simple reversionarybenefit as final instalment of survival benefit along with terminal bonus plus vested simple reversionarybenefit along with terminal bonus plus vested simple reversionary bonus.

Life insurance is a policy that offers a benefit to the designated beneficiaries upon the death of the policy holder.

Here, we're talking about the ability to move the long term care partnership asset protection benefits connected to your partnership eligible long term care policy from one reciprocal state of residence to another in the event the policy holder relocates.

In case a policy holder no longer requires death benefits, a life insurance policy can 1035 - transfer to an annuity.

Whole life insurance (cash value life insurance) offers a permanent accruing death benefit as well as accruing cash value within the policy over the life of the policy holder based upon mortality tables.

When the savings component of the insurance policy is separated from the death benefit, the risk is transferred to the policy holder.

The separate accounts are organized as trusts to be managed for the benefit of the policy holder.

EVEN in circumstances where «accelerated benefits» are paid to the policy holder, perhaps because they are terminally ill, this code section applies so that taxable income is not recognized.

Such is the popularity of the policy that the simple aim of only providing death benefit to the policy holder has now multiplied to several features that offer growth in investment, opportunity to invest in the market, goal oriented investments and much more.

One common way to determine how much you need is to multiply the policy holder's income by 15 and purchase a policy with an equivalent death benefit for a term that lasts until the person would likely retire.

IF I make payment for my Husband's policy, who will be eligible for IT benefit under 80 C. Policy holder or Premium ppolicy, who will be eligible for IT benefit under 80 C. Policy holder or Premium pPolicy holder or Premium payer.?

Beneficiary: The person an account holder selects to receive the benefits or funds of a will, trust, insurance policy, retirement plan, annuity or bank account.

Number of days, months, or dollars paid by the policy holder before the company will begin paying benefits after they qualify for care.

These 2 living benefits are included at no extra cost and an amazing benefit for Sagicor life policy - holders.

Sagicor is a great example of life insurance company evolving their plans to offer living benefits to their policy holders.

So, the policy holder obtains the benefits of life insurance, such as a death benefit, while also maintaining investments in the financial markets.

Rather than having policy holders, Foresters instead has members who receive the benefits of the policies that they purchase from the company.

Life Insurance benefit: This is the sum assured that is paid on the unfortunate death of the policy holder.

In case of a lapsed policy, policy holder has an option to either reinstate the policy within 2 years and restore the benefits or surrender the policy and receive the Surrender Value, if any.

Hence, child plans provide the nominee of the policy a death benefit in case of the unfortunate death of the policy holder.

In addition, should the policy holder pass away while there is still an unpaid loan balance, this amount will be deducted from the total amount of death benefit proceeds that are received by the policy's beneficiary.

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.

Typically, a universal life insurance policy holder may adjust — within certain limits — the death benefit amount, as well as the timing and the amount of their premium.

However, if it is a participating policy, which pays regular dividends to the policy holder, the accumulated dividends would be added to and increase the death benefit that is paid.

Guaranteed universal life insurance is an attractive option for many that bridges that gap of financial insecurity, allowing policy holders to lock in a guaranteed death benefit and premium payments while providing flexibility and stability for households.

Because it offers flexibility and a cash value option, guaranteed universal life insurance offers policy holders many possible ways to put the cash value and death benefit to work for them, some of which include:

Most variable universal life insurance courses will allow a policy holder to choose either a level death benefit, or one that includes the account value.

The other important thing to remember is that any outstanding loan amounts will be deducted from the death benefit that is paid out if the policy holder passes away.

This is a huge benefit because it allows the policy holder to access the cash value in the account (including the growth) without paying taxes.

It provides financial benefits to loved ones, businesses or other beneficiaries who might otherwise experience financial hardships from the early or untimely death of the insured person, and it often provides resources that last well beyond the policy holder's lifetime.

In many ways, indexed universal life insurance works in a similar fashion as most other types of coverage in that the policy holder pays their premium, and the net premium is then applied to the actual life insurance death benefit.

Many insurance companies have explicit suicide clauses: exclusions that allow the company to deny benefits to the policy holder's estate.

On October 1, 2010, Ontario Superior Court Justice J. N. Morissette granted a $ 455.7 million judgment in Jeffrey and Rudd v. London Life, a complex class action brought against two insurance companies regarding their use of surplus earnings held in an account for the benefit of holders of London Life insurance policies (the «PAR Account»).

The result, unfortunately, is that fewer Ontario policy holders are entitled to this benefit.

The insurance benefits process can be complex, with many eligible policy holders being rejected on their initial request for benefits — discouraging many people in need from obtaining the benefits they require.

If the «political branches» are to be the «final arbitrator» of compliance with the Charter of their «policy initiatives», it would seem the enactment of the Charter affords no real protection at all to the rights holders the Charter, according to its text, was intended to benefit.

Some Kotak Saral Suraksha and IndiaFirst Employee Benefit Plan Provisions are made for a policy holder.

Some Shriram New Shri Raksha Plan and IndiaFirst Employee Benefit Plan Provisions are made for a policy holder.

Like any other Life Insurance, here also you will get assured sum after maturity and in case of death of the policy holder the nominee will be benefited by the amount.