Not exact matches
You may be able to qualify for
coverage,
at some future date,
at your
later age, and pay the higher premiums due to an
age change.
As you
age, every year, you will be increasing your chances of developing a medical condition or suffering from an accident that could potentially affect your chances
at being able to qualify for
coverage later on in life!
When buying insurance
at a
later stage in life or buying health insurance for
aged parents, it is always advisable to go for a plan which offers
coverage for the longest duration.
If you decide four years
later at the
age of 54 that you want to decrease your
coverage to $ 350,000, the cost of your insurance will be the same amount you would have paid for a $ 350,000 policy
at age 50 in «preferred» health.
As the policyholder attains the
age of 75 years or on the policy anniversary (whichever happens
later), the following benefit shall be paid: Guaranteed Maturity Sum Assured + Accrued Paid - up Additions (if any) + Terminal Bonus (if any) where Guaranteed Maturity Sum Assured is the total guaranteed sum to be received
at the end of the policy term Accrued paid - up additions are any additional
coverage provided by the company (if applicable) Terminal bonus is the bonus to be received
at the end of the policy term (if applicable)