Sentences with phrase «company keep your policy in force»

A policy that is guaranteed renewable requires that the insurance company keep your policy in force (assuming that you pay the premiums on time) however, they may raise the premiums.

Not exact matches

Once you choose your, you will pay a premium to the life insurance company to keep the policy in force until the end of the defined term, or the end of your life, whichever comes first.

One last thing regarding income trusts, keep in mind that the government has changed its policy on them and they are now forced to change thier taxing model to be more inline with a stardard company for tax purposes..

Even though you must put enough money into the bucket to keep the policy in - force (otherwise it will lapse), there is complete discretion as to when premium payments will be made — annually, semiannually, quarterly, or monthly — and in what amounts — depending on how often payments are made and whether you have the option (as with some policies) to choose your payment amount based on a range provided by the insurance company.

To make universal policies more attractive, insurance companies began adding a secondary guarantee that would keep the policy in force even if cash values dropped to zero.

With these policies, if you keep the policy in force for the entire term, say 20 years, the insurance company will refund the premium payments you made over that 20 - year period.

Like most insurance policies and benefit programs, insurance policies and benefit programs offered by Metropolitan Life Insurance Company and its affiliates contain certain exclusions, exceptions, waiting periods, reductions of benefits, limitations and terms for keeping them in force.

If you own a permanent policy and fail to pay your premium within the grace period, your insurance company, with your authorization, can draw from your policy's cash value to keep the policy in force.

The amount of your deductible is often tied to your premium (the amount you pay your insurance company to keep your policy in force).

Premium is a regular payment to an insurance company needed to purchase a Life Insurance policy and to keep it in force.

The policyholder determines the amount of life insurance coverage required and pays the life insurance company a premium to keep the policy in force.

Waiver of premium: Some insurance contracts have a provision in place which allows the insurance company to waiver the collection of premiums while keeping the policy in force if the policyholder becomes unable to work because of an accident or injury.

Premium — a.k.a. how much money you're paying every month (or annually) to keep your pet insurance policy active, or «in force» Deductible — the amount you need to pay before insurance starts covering your expenses Reimbursement rate — the percentage of your bill that your pet insurance company will pay for Payout limits — the maximum amount a pet insurance company will pay per year, per incident, etc..

Each company's policies have their own terms, exclusions, limitations, and reductions for keeping them in force.

Like most permanent life insurance policies, Farmers New World Life Insurance Company's universal life options offer lifelong coverage, 2 as long as all premiums are paid to keep the policy in force.

The premium of monthly income plans include annual, half - yearly, quarterly, monthly, or lump sum amounts that are paid by the insured to the insurance company to keep the policy in force.

Like most insurance policies / benefit programs, insurance policies / benefit programs offered by Metropolitan Life Insurance Company (MetLife) and its affiliates contain certain exclusions, exceptions, reductions, limitations, waiting periods and terms for keeping them in force.

Some term life policies are available with a «Return of Premium» (ROP) rider that states if you keep the policy in force to the last day of the 20 year policy term, the insurance company will send you a check for the value of the premiums you paid in all those years.

However, if you stop making premium payments, the insurance company will debit your cash value to keep the policy in force.

This means that the life insurance settlement company will also make the policy's premiums in order to keep the plan in force.

Whole life insurance policies from State Farm Life Insurance Company and State Farm Life and Accident Assurance Company (residents of NY and WI only) offer level premiums and life insurance protection for as long as you live, provided that premiums are paid as required to keep the policy in force.

In fact, if the life insurance company performed well enough, your dividend may have been be used to keep your policy in force for a very long period of time without any additional premium outlay on your parIn fact, if the life insurance company performed well enough, your dividend may have been be used to keep your policy in force for a very long period of time without any additional premium outlay on your parin force for a very long period of time without any additional premium outlay on your part.

Talk to your agent or the company to find out the max loan amount available while still keeping the policy in force.

Waiver of premium on a life insurance policy or disability insurance policy means that in case of a disability, the insurance company will waive the premiums and keep the policy in force.

Once you choose your, you will pay a premium to the life insurance company to keep the policy in force until the end of the defined term, or the end of your life, whichever comes first.

There is even one out there that goes to 130, but the point is, and I have heard this straight from presidents of insurance companies, if a person outlives the guarantee the company will still keep the policy in force and pay the claim when the death occurs.

So, while illustrated and guaranteed to age 121, I have been assured by more than one company president that it would be their intent to keep a policy in force until death, even if that comes as it will with Ms Dosova, after 130.

As described above, some companies will permit policyowners to surrender paid - up additions for the net surrender values while keeping the underlying policy in force.

Yes, we will send the official receipt, after the realization of the regular premium payment made to the insurance company to keep the policy in force.

A convenient time - saving and hassle - free service that enables automatic payment of premium regularly, made to the insurance company to keep the policy in force.

Whenever a regular premium payment that is made to the insurance company to keep the policy in force, is due, then we intimate our designated bankers, who arrange the debit on the policyholders» bank account towards the premium payment made to the insurance company, to ensure that the policy remains in force.