Sentences with phrase «by the policyholder if»

These rights can only be canceled by the policyholder if the irrevocable beneficiary offers his or her consent.

The policy earns cash value that may be borrowed by the policyholder if needed.

Loyalty Additions are received by the policyholder if all due premiums have been paid until maturity.

Not exact matches

Mutual life insurance companies are owned by their policyholders so, if the insurer brings in more money than is spent, the profits are distributed as dividends.

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.

However, if the person bitten by the policyholder's dog needs to go to the hospital to get stitches, reconstructive plastic surgery, or other medical attention, the cost will likely warrant a liability claim.

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

* 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.

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.

Renters insurance might cover a policyholder's personal property damaged by a guest, but only if the renter hosts short - term guests occasionally.

If, in the policy's first year, the policyholder contributes an additional $ 5,000, these paid - up - additions boosts the policy's cash value by $ 5,000 immediately while increasing the death benefit by $ 25,000.

If the policyholder dies within the time frame set out by the insurance policy, their beneficiaries will receive the death benefit.

Policyholders retain full control of the assets covered by the guarantee; however, the contract establishes a guaranteed stream of lifetime income if the value of the covered account is depleted through withdrawals or poor market performance.

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.

Over time, the savings component provided by the policy grows and the death benefit shrinks; if the policyholder dies after the cash value of the policy is fully realized, the entire amount paid comes from the cash value rather than the death benefit.

They pay $ 20 million if the policyholder has an alien child or is eaten by aliens.

So, if funds are needed by a variable life policyholder during his or her lifetime, these plans will typically allow the individual to either withdraw or borrow cash from the investment component of the policy.

If an insurer has reneged on its obligation to you or a policyholder claims your company is acting in bad faith, contact Buscemi Hallett LLP by calling 619-821-9163 or by sending us an email.

The insurance policy stated that damages would be paid to people injured by the vehicle if the policyholder or someone operating the vehicle with the policyholder's consent was legally responsible for their injuries.

The expert eye will notice when a policy interpretation can not make sense in the absence of the test «could you have sold it if that term was understood by the policyholder to mean that»?

The lesson to be learned is to be candid, up front and truthful when applying for insurance, ensure that the application is properly reviewed when filled out by someone other than the policyholder and if the claim is denied, make sure you get expert legal assistance.

A health plan must accommodate reasonable requests by individuals that protected health information about them be sent directly to them and not to a policyholder or subscriber, if the Start Printed Page 82731individual states that he or she may be in danger from disclosure of such information.

If the policyholder cancels the policy before the end of the surrender period, it is not likely the policyholder will receive any amount of the cash value because these costs are incurred by the insurance company to set up the policy.

Aside from the state minimum requirements, motorists should take the time to decide if they could benefit from higher liability limits to protect assets, and whether or not optional coverage would be needed such as comprehensive and collision to pay for a loss sustained by a policyholder's vehicle.

If you qualify then purchasing one of the insurance products offered by EquiTrust is an excellent opportunity bearing in mind the advantages offered to their policyholders.

Protects the policyholder if he or she is injured as a pedestrian or bicyclist as long as the injury is caused by an accident with an automobile

Uninsured motorist coverage will reimburse the policyholder, a member of the family or a designated driver if one of them is hit by an uninsured or a hit - and - run driver.

If an insurance company becomes insolvent (goes out of business), the association steps in to protect policyholders by continuing coverage and paying claims, up to defined limits.

Schreier says APRIL Travel Protection policyholders who are preparing to travel to a destination that is hit by a hurricane may be eligible for trip cancellation benefits if they are unable to proceed with their travel plans.

If this policyholder chose to increase the policy's value by $ 3,000, this would increase the dividend for the subsequent year by $ 120, for a total of $ 2,120.

Claiming that the policyholder would receive bonuses being distributed by IRDAI if they purchase an insurance policy and wait for a few months after which the bonus would be released by IRDAI.

If one has a $ 500 deductible and their vehicle is damaged in an accident, the insurer pays anything above and beyond the $ 500 that must be provided by the automobile insurance policyholder.

If earnings come in lower than expected, the policyholder may have to make up the difference by increasing premiums or paying for a longer period of time.

Lapsed Policy: If a policyholder fails to pay the premium on or prior to the due date, and doesn't pay the premium after the grace period too, the insurance provider ceases all the benefits provided by the insurance cover and abolishes it for the reason of non-payment.

If the life insured dies during the term of this LIC online term plan chosen by him at the starting of the plan, the death benefit is paid which is equal to the Sum Assured chosen by the policyholder at the time of inception of the policy

Over time, the savings component provided by the policy grows and the death benefit shrinks; if the policyholder dies after the cash value of the policy is fully realized, the entire amount paid comes from the cash value rather than the death benefit.

If you, as a policyholder choose to insure to less than the amount required by the Co-insurance clause (as stated on your policy), you are essentially agreeing to retain part of the risk (and absorb a portion of any losses) rather than transfer it to the insurance company.

Wherein, if the policyholder passes away, 100 % of the purchase price net taxes and cesses are received by the person you nominated.

The rider states that if the parent who is the policyholder and life insured under the plan dies during the tenure of the plan, all future premiums payable under the plan will be waived and paid for by the company.

If the policyholder survives after the term, the premium paid by the policyholder will be returned by the insurance company.

If the annuitant commits suicide, no benefit will be payable but if the Return of Purchase Price Option is chosen by the policyholder, then, on suicide, the Purchase Price is paid back to the nominIf the annuitant commits suicide, no benefit will be payable but if the Return of Purchase Price Option is chosen by the policyholder, then, on suicide, the Purchase Price is paid back to the nominif the Return of Purchase Price Option is chosen by the policyholder, then, on suicide, the Purchase Price is paid back to the nominee

If the policyholder chooses the Save Benefit under any of the plan option, then on death or critical illness, the Sum Assured is paid to the beneficiary who is the child, all future premiums are waived off and paid for by the company and the plan continues.

However, if the bill amount exceeds Rs. 1 lac, then the insurer will be liable to pay only Rs. 1 lac and the remainder will have to be borne by the policyholder.

For those who applied for an automatic extension, no penalties will be charged if the policyholder paid about 90 % of their tax liability on the due date and the remaining amount by the extension date.

A return of premium policy can can help a policyholder feel better about their purchase by providing a financial return if you outlive the policy — a win - win.

Plans can be surrendered by the policyholder at any time, provided at least 1 full year's premium has been paid if premium paying term is less than 10 years or at least 2 full year premiums have been paid, if premium paying term is 10 years or more.

A three - year discount is mandatory if you successfully complete an accident prevention course approved by the insurance company of the policyholder.

If you are a Progressive policyholder, you'll be able to review reports on your driving habits produced from Snapshot data by logging in to your policy on www.progressive.com or www.progressive.com/agent.

In addition to higher premiums, insurance companies that issue guaranteed life policies protect themselves against risk in two additional ways: (1) by offering relatively low payouts, and (2) by typically not providing a death benefit during the first two years after issuing the policy (if the policyholder dies during this time, the company issues a refund of premiums instead).