Sentences with phrase «case of term life policies»

This is important in regard to both whole life policies — which the company will ultimately pay out whether you die or not — but even more in the case of term life policies.

Your life insurance policy in the case of a term life policy may have a small grace period.

Not exact matches

Term life insurance policies are quite cheap and can come with a variety of riders offering such assistance as disability income, waiver of premiums, and an accelerated death benefit in the case you become permanently disabled.

«The choice between term life or permanent life insurance is not a case of which policy is better; it's a case of which policy is appropriate for the current period in a person's life,» Lynch said.

Term life insurance is often considered the most popular form of insurance for people who want to put a prepared financial plan into place to shelter their family members in case something unexpected happens to the policy holder.

The only case in which you'd get cash back from an insurer with a term life insurance policy is if you have a return of premium rider.

Taking out a term life insurance policy for the value of the student loan may be a smart way to prevent financial disaster should the worst case scenario happen.

Maturity Benefit: In case the Life Insured survives till the maturity of the Policy and all premiums are duly paid, then the Maturity benefit shall be paid as Sum Assured on Maturity to the policyholder for all premium payment term and policy Policy and all premiums are duly paid, then the Maturity benefit shall be paid as Sum Assured on Maturity to the policyholder for all premium payment term and policy policy terms.

and Sum Assured on Maturity as Maturity benefit at the end of the Policy term in case the Life Insured survives till that period and all premiums have been duly paid.

If this is the case, we would recommend term life insurance as it's the cheapest type of policy and offers for a particular amount of time.

In case of Participating plans, the investment returns are primarily dependent on the bonuses declared over the Policy term by the life insurance company.

In the case of insurance policies, they can provide additional coverage or change the terms of the standard contract to expand what your term life insurance covers.

In case of unfortunate event of death of the Life Insured during the Policy Term, the following benefits will be payable to the Claimant, subject to Policy being in force.

Those applicants that are turned down for traditional term life insurance can still get coverage in a majority of cases with a guaranteed death benefit policy.

In case something unfortunate were to happen to Sahil during the Policy Term, a Life Insurance benefit of Rs. 7,28,970 will be paid to help support the family and fulfil their goals.

The death of the borrower in that case is so tragic, and indeed so unlikely, that perhaps it would make sense to bake into these loans a term life insurance policy that would leave the cosigner on the hook only for more typical forms of default.

In many of these cases, a term life insurance policy is often the most inexpensive choice and the full face value of the policy pays out on the policy holder's death.

Death Benefit: In case of death of the Life Insured during the policy term, the sum assured on death will be paid to the nominee which is highest of:

In many cases, this return of premium option is a rider on your traditional term life insurance policy.

In case of death of the Life Insured during the Policy Term, the Sum Assured on Death will be payable to the Nominee or the Policyholder as the case may be, subject to Policy being in force.

In case of your unfortunate death during the term of your life insurance policy, your nominee will receive the sum assured as the death benefit.

«I often come across people who may prefer the long - term security of a permanent life policy, but they need a bigger death benefit than they can afford,» he said, noting that term life coverage, which offers a bigger benefit for smaller premiums, is generally the better bet in that case.

Because there are many possible permutations and complications that can come about as a result of blood clots or emboli, life insurance companies will decide whether to underwrite a term life insurance policy or not based on the individual details of each case.

I can not think of a more serious case of policy failure with such dire long - term consequences, not just for the environment and Australian's way of life but for the economy in a global business environment that is being so rapidly transformed.

Surrender value of Aegon Life Term Plan and IndiaFirst Guaranteed Retirement is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

Surrender value of ICICI Pru Group Gratuity and TATA AIA Group Term Life is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

Surrender value of Bajaj Allianz Group Term Care and Edelweiss Tokio Life Protection is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

Surrender value of Reliance Pension Builder and Shriram Group Term Life Insurance is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

Surrender value of SL Youngstar Super Premium and Aegon Life Term Plan is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

The other privilege that the term insurance plan gives you is that of conversion of policies in case your life insurance needs changes.

You can see that a guaranteed life time policy in this case is about 3 times the price of a 20 year term, and about twice the amount of a 30 year term.

The very first thing that the Insurance Agent, Eon from the Internet firm, asks after carefully reviewing their case is: Are either of their Term Life Insurance policies convertible?

In most cases, term life insurance is not subject to Federal income tax, state income tax, or estate / inheritance taxes, and because it lacks the whole cash value of a permanent policy is also generally not subject to capital gains tax.

In cases like these where the price of a 20 or 30 year term life insurance policy is compared to the price of whole life, it often makes sense to purchase a cash value life insurance for children, which the parent can one day give to their child to take over payments.

In some cases, it can make sense for a client to keep their term life insurance policy, as it is possible that the plan was purchased for a «temporary» insurance need, such as the payoff of a mortgage balance.

In this case, the return of premium term life insurance policy is acting as both life insurance and as a savings account, albeit with no interest.

In this case, you will need a term life, universal life, or other type of life insurance policy, which is not offered by American Memorial.

Life insurance is an agreement between the policyholder and the insurance company to provide a predetermined amount to the policyholder's dependants in case of the holder's demise during the term of the policy.

In this case, you can buy 10 - year guaranteed level term for the bulk of your insurance and supplement with another 20 - year ROP term life policy for the balance.

The reason is because the policy accrues no cash value (except in the case of Return of Premium Term Life Insurance, where you can get a full refund for all the premiums you've paid at the end of the policy period).

Term insurance has garnered importance in recent times as it is a policy which provides a life cover for a definite period of time and benefits the nominee of the deceased policy holder in case of his / her death.

This a real life case where we saved our client, Terry Pate of Texas, $ 24,000 on his term life insurance policy over his 20 - year level term period by simply going a little further.

An individual or business organization protected in case of loss of property or life under the terms of an insurance policy.

PMJJBY is a renewal term insurance policy that, provides a yearly life insurance coverage of Rs. 2,00,000 in case of the demise of the insured person, at the most affordable premium rate of Rs. 330 per annum.

According to the plan, family / dependents of the life insured is / are eligible for a lump sum amount in case of death or critical illness, if applied for, of the life insured and during the term of the policy.

In the case of insurance policies, they can provide additional coverage or change the terms of the standard contract to expand what your term life insurance covers.

Older adults might not have their needs fully covered with health insurance, and while some life insurance policies come with riders that let policyholders access the death benefit early in cases of terminal illness, it won't be available to them to cover long - term care services like nursing homes or at - home care.

Transamerica, an A + rated company founded in 1904, offers unique options, with a few of their term life products, such as Living Benefits for early access to death benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requirements.

Our usual advice is to get two separate term life insurance policies, as that's typically the easiest way to ensure the lowest overall cost for the coverage you'll receive, but the most important thing is making sure that both you and your spouse are covered in case of a worst - case scenario.

Here are the points to ponder when planning to purchase term insurance policy - Adequacy of The Cover Amount Life insurance cover is the amount provided by the insurance company to the dependents of the policyholder in case of his demise in order to replace his earnings.