Sentences with phrase «change during the life of the policy»

This could be particularly damaging to you if your family relationships change during the life of the policy.

Non-participating contracts typically do not pay dividends and the death benefit, premiums, and surrender values will not change during the life of the policy.

It's not uncommon for someone's insurance needs to change during the life of their policy.

With universal / unbundled life insurance, the premiums and death benefit can be changed during the life of the policy.

Level premium means the rate will never change during the life of the policy.

Not exact matches

You can change the death benefits during the life of the policy, usually after passing a medical examination, and you can pay premiums from your accumulated cash value.

With Term Life insurance, you can be assured knowing that your term life insurance rate will never change, the coverage can not be decreased and the policy can not be canceled due to a change in health during the period of time you selLife insurance, you can be assured knowing that your term life insurance rate will never change, the coverage can not be decreased and the policy can not be canceled due to a change in health during the period of time you sellife insurance rate will never change, the coverage can not be decreased and the policy can not be canceled due to a change in health during the period of time you select.

Guaranteed Rates: A life insurance policy provision that guarantees the premium rates will not change during the entire term of the policy.

During the life of the policy there may options at interval periods in the policy when you can change your term insurance policy to a permanent insurance policy.

Fixed monthly rates that will never change during the level term period of your no exam life insurance policy.

You can also change the amount of death benefits during the life of this policy to better reflect your needs.

A nomination can be changed at any time during the term of the contract and the life assured is expected to review the nomination made under various policies from time to time.

Most term life insurance policies have a monthly premium that will not change throughout the term of the policy and a fixed lump sum payout if you die during the term period.

Guaranteed Rates: A life insurance policy provision that guarantees the premium rates will not change during the entire term of the policy.

During the course of this long policy tenure, you may need to get in touch with your insurer for various purposes like updating details about significant changes in your life, making a fund switch or any other query on the product.

A convertible term life insurance policy allows you to change it to a permanent policy at some point during the life of the policy.

Additional benefit riders should your health status change: With the Accelerated Death Benefit for Chronic Illness Rider, up to 50 % of the policy's death benefit ($ 500,000 maximum) can be accessed in advance if a licensed health care practitioner certifies during the prior 12 - month period that the insured is unable to perform at least two of six activities of daily living for a period of at least 90 days due to a loss of functional capacity, or has a severe cognitive impairment, requiring substantial supervision to ensure the health and safety of him or herself.

Permanent life insurance guarantees that no matter when you pass away or what life changes may have occurred during the time that you own your life insurance policy, there will be some degree of financial security provided to your children, spouse, or any other dependents.

you may change your nominee or the percentage of nomination during the tenure of the retirement plan You have to submit the duly filled and signed Policy Servicing Request Form along with the original policy document at any HDFC Life bPolicy Servicing Request Form along with the original policy document at any HDFC Life bpolicy document at any HDFC Life branch.

During a regular review of your life insurance policy, take into consideration changes in your life, relationships and family — such as births, adoptions, marriages, remarriages, divorces and deaths — when updating your beneficiaries.

During the term of your policy, your life insurance rates can not increase and your coverage can not decrease, regardless of changes to your health.

Still, your life insurance company may also offer you a chance to change your policy during special events in your life — birth of a child, marriage, etc..

During the term of your policy, your coverage is guaranteed and the life insurance company can not decrease your coverage or increase your rates, regardless of any changes to your health.

During the «Term» of a life insurance policy, a life insurance company can not change the price of your life insurance policy, regardless of changes in your health.

Term plans may not offer such flexibility in changing the policy specifications during the policy term, but there are other types of life insurance plans like unit linked insurance plans (ULIPs) which offer flexibilities like increase / decrease of the policy sum assured, change in premium, etc..