Sentences with phrase «by the policyholder for»

As with whole life insurance, the cash value in a universal life (or UL) policy can grow on a tax - deferred basis, and the money in this component of the policy may be withdrawn or borrowed by the policyholder for any reason.

The company remained a mutual company, meaning it was owned by its policyholders for more than 160 years before demutualizing in 2002 in an attempt to add a more competitive structure in which the company could operate and grow.

And, the cash that is in the cash value portion of the policy may be either borrowed or withdrawn by the policyholder for any need or reason.

These funds may be either withdrawn or borrowed by the policyholder for any reason.

The cash that is in a universal life insurance policy can be either borrowed or withdrawn by the policyholder for any reason — such as for paying off debt, funding a loved one's college education, or helping to supplement retirement income needs.

The cash can be either withdrawn or borrowed by the policyholder for any purpose.

These funds are able to be either borrowed or withdrawn by the policyholder for any reason.

The funds that are in the cash value component of a permanent life insurance policy may be withdrawn or borrowed by the policyholder for any reason that they see fit — including the payoff of debts, the supplementing of retirement income, or even for taking a nice vacation.

No claim bonus is a discount given by policyholder for accidental - free driving.

These policies will also include a cash value component with tax - advantaged savings that can be either borrowed or withdrawn by the policyholder for any type of need that he or she sees fit.

Cash that is in a permanent life insurance policy — including burial insurance plans — can be either withdrawn or borrowed by a policyholder for any reason.

It has been found out that in this plan company will be settling the death claim and simultaneously providing the sum assured within a time period of 12 days, post the receipt of all relevant death claim documents from the nominee or claimant, provided entire premium is paid by the policyholder for at least three policy years and the necessary claim application documents are deposited.

Any benefit variant can be chosen by the policyholder for protection.

Not exact matches

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.

Our members» interest in governance has always been driven by their desire to generate value for policyholders over time.

«By limiting the amounts reimbursable under no - fault law to New York parameters, the regulation eliminates abuses and ensures that policy limit amounts will provide for necessary policyholder benefits and lost wages, while leveling the playing field for New York insurers.»

Every New Yorker who pays for home, auto or business insurance would foot the bill: In the event of PRI's demise, its unpaid claims would be paid by the state's insurance company guaranty fund, with the cost ultimately passed on to policyholders statewide.

You, the policyholder, can do this by logging onto your Auto & General online profile and activating the AutoSOS service for the regular driver on your policy.

Your premium not only pays for the cost of insurance, but is also invested in an account managed by the insurance company and shared with all other par policyholders in Canada.

Lightning strikes were responsible for $ 739 million in homeowners insurance losses incurred by nearly 100,000 policyholders last year, an increase of 9.7 % from 2013, according to the Insurance Information Institute.

* Annualized Premium shall be the premium payable in a year chosen by the policyholder, excluding loadings for modal premiums, if any, and applicable taxes.

The third number is the claim limit a policy will pay to another party for any property damaged by the policyholder, or rider.

While the company doesn't have as many homeowners discounts as it does for auto policyholders, it compensates by offering more competitive homeowners rates.

* Annualised Premium shall be the premium payable in a year chosen by the policyholder, excluding the underwriting extra premiums and loadings for modal premiums, if any.

b) With Extended Life Cover: The policyholder also has the option to choose for Extended Life Cover benefit at inception of the policy by paying additional premium throughout the premium paying term.

It's the same premise as TRIA, which was recently reauthorized by Congress, designed to keep insurance companies stable for their policyholders while still offering the coverage in a form that people can purchase if they want it.

* Annualized Premium shall be the premium payable in a year chosen by the policyholder, excluding the underwriting extra premiums and loadings for modal premiums, if any.

For the stated value of a collection to be covered, policyholders need to have a collection valued by an appraiser.

Like other losses, such as those caused by a fire or wind damage, a policyholder can only write off what they were not reimbursed for.

4 CIBC Payment Protector Insurance for Credit Cards is optional creditor's group insurance underwritten by Canadian Premier Life Insurance Company under a group policy issued to CIBC as group policyholder.

72 (t) Free Withdrawal RiderAny withdrawal charges and MVA will be waived for the amount which would comply with substantially equal periodic payment requirement to avoid tax penalty for policyholders younger than age 59 1/2, as required by IRS Code 72 (t).

Other Unique Features: All Safeco policyholders receive reimbursement for first aid up to $ 10,000, accident forgiveness, and a diminishing deductible that is reduced by $ 100 each time the policy is renewed for a maximum of $ 500 or five years.

Stock life insurance companies, on the other hand, are owned by their stockholders, who vote for the officers of the company, rather than by their policyholders.

A type of uninsured / underinsured motorist coverage in which policyholders can «stack,» or combine the limits of the uninsured / underinsured motorist coverage they purchase for each of their insured vehicles to help cover the cost of damage from an accident caused by an uninsured or underinsured driver.

2) After designing a living benefit for an annuity, you notice that one option is being chosen by policyholders, and the rest not.

Unlike term, a permanent life insurance policy will stay in force, unless it is canceled by the policyholder or the premium stops being paid for the coverage.

The cash value can also be borrowed against as a loan and used for various expenses by the policyholder.

In addition to damages caused by a fire, coverage also commonly includes loss of use coverage for situations when a policyholder must evacuate their residence.

For example, damages resulting from a fire caused by an earthquake would fall under a policyholder's homeowners insurance, not their earthquake insurance.

MassMutual is also a mutual life insurance company, meaning it's owned by its policyholders and the company has consistently distributed dividends to those with whole life insurance policies for over 150 years.

The average renters insurance rate for a sample policyholder and property was $ 187 per year in 2016 and California's was $ 321, according to a study by ValuePenguin.

Policyholders can not file a claim for the cost to exterminate bed bugs and damages caused by the insects (such as replacements of mattresses or other belongings).

The policyholder can send a request for change of premium payment method, through a policy service request form which should be duly completed and signed by the policy holder.

While some insurances are mandated by the State of Florida, some are willingly purchased for added protection for the policyholder.

Most policyholders surveyed by J.D. Power are surprised to learn just how much pricing for auto insurance varies, Bowler says.

If you are a current policyholder and came here by way of a search for MassMutual contact information, you can go here to visit the company's contact us page.

The main policyholder and additional named drivers can earn a no claims discount, but the discount for named drivers may not be recognised by other insurers

Allianz Global Assistance services, which every policyholder can use, are easily accessible by the carrier's TravelSmart app, which is available for both iOS and Android devices.

The Insurance Bill may alter centuries old law on disclosure by commercial policyholders, warranties & remedies for fraud & place more emphasis on active underwriting, says James Deacon

A recent decision by the Court of Appeal is a cautionary tale, for both insurers and counsel they appoint to defend a policyholder.