Sentences with phrase «death after the policy term»

In case of death after the Policy Term but before reaching age 80 years, Sum Assured is paid to your Nominee

Not exact matches

It is also clarified that if the Accident occurs during the Policy Term and the death due to the said Accident happens after the expiry of the Policy Term (but within 120 days from the date of Accident), Death benefit will be paydeath due to the said Accident happens after the expiry of the Policy Term (but within 120 days from the date of Accident), Death benefit will be payDeath benefit will be payable.

With a term life insurance policy in place, you can help your family cope with loss of income after your death.

Although I agree with FHA policy not to accommodate «flippers» and those playing the distressed market solely for their own gain, I question whether it's necessary to delay FHA financing for delinquent borrowers with documented hardship — for example, someone who's had to sell a home with a short sale after long - term unemployment, illness, or loss of income due to death or divorce.

The term «proceeds and avails», in reference to policies of life insurance, includes death benefits, accelerated payments of the death benefit or accelerated payment of a special surrender value, cash surrender and loan values, premiums waived, and dividends, whether used in reduction of premiums or in whatever manner used or applied, except where the debtor has, after issuance of the policy, elected to receive the dividends in cash.

Please let me know that monthly income advantage plan offered by Max Life in which after paying 12 annual premiums will get a monthly income for next 10 years & get a lump sum amount (equal approximate the premiums paid in 12 years in the beginning) plus approx. 14.5 times death benefit for the entire policy term i.e. 22 years.

Prevent your family from facing a financial burden after your death with a term life insurance policy.

Whole - Life Plan — insurance company collects premium from the insured till the retirement or the term of the policy and pays the claims to the nominees only after the death of the insured person.

A term life policy can leave you with nothing after 20 years of premiums (other than your health, obviously), so some like the option of cashing out a whole life policy early for a portion of the complete death benefit should they want or need the money.

Endowment can also refer to a type of insurance policy that pays a lump sum upon the insured's death or after a specific term.

After all, throughout the policy's term you're getting whatever peace of mind comes with knowing that your death won't impoverish your family.

A term life insurance policy is a surefire way to protect your family and / or assets after your death.

Term plans does not pays death claims if death occurs due to suicide within first year of policy issuance or within first year after reviving a lapsed policy.

For example, if I purchase a $ 1m 30 year term policy and die 20 years after purchase of the policy, the payout has a PV earnings power of $ 514k at time of death, assuming a 2 % inflation rate.

So, if a policyholder had purchased a Colony Term universal life 10 policy, and then they decided five years after purchasing it that they wanted to have coverage for the remainder of their lifetime, then the coverage extension feature would have allowed the insured to extend the death benefit protection guarantee to either age 90, age 100, or 105 — and, this could occur without the need for the insured to provide evidence of insurability.

After term is complete and no death benefit has been paid, rates for buying a new policy increase substantially.

The endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its «maturity») or on death.

Buyers of the accidental death coverage can apply to upgrade to «Fabric Premium,» a 20 - year term life policy, immediately or years after buying the accidental death coverage.

Protect your family from facing a financial burden after your death with a term life insurance policy.

A 10 year term policy remains in effect for 10 years after the date of purchase, and both the death benefit and price go unchanged.

If death occurs after the term of the policy, no benefit is paid.

Any sum received other than as death benefit under an insurance policy which has been issued on or after April 1 2003 and if the premium payable in any of the years during the term of the policy does not exceed 20 % of the sum assured.

An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its «maturity») or on death.

If the insured dies within the first two years after the policy is issued, a limited death benefit may be paid subject to the terms of the policy.

These policies, sometimes termed «whole life» insurance policies, offer your beneficiaries a death benefit after your passing.

You might decide a term life policy helps in case you need to cover debts over the short term and also have a permanent or whole life policy to protect your beneficiaries with financial assistance after your death.

The policy term is of 1 year after which it is renewable till death.

Term life has a guaranteed death benefit, but no cash value, and the premiums will increase at predetermined intervals, such as after one year, five years, 10 years, or 20 years, depending on the kind of policy you purchase.

If a person died after 6 months of buying the term insurance policy, but claim it after completing of 3 yrs of policy starting date, and had paid all the premiums on time for three years.but he has not informed about the death of person insured to the company during the three year period.it is possible to get claim settled??

Death Benefits: If the policyholder dies during the term of the policy or after the premium paying term (PPT), the nominee shall be paid the higher of

After your long - term needs are deducted from all your available resources, the remaining amount is used as the death benefit for your insurance policy.

If you want to be assured that your family gets the house with no debt upon your death then it would be wise to buy a dirt cheap decreasing term life insurance policy after you get your life insurance quotes.

The Policy will continue even after the Death of the Life Insured till the end of the Policy Term.

Portable allows you to continue the policy after you leave a job as long as you pay the premiums in full, level means your premiums do not increase, and term refers to the insurance being a death benefit only with no investment vehicle.

On policy term after your death the sum assured is paid off to your family as per the policy conditions

This death benefit will be paid even after Survival Benefit has commenced during the policy term.

This death benefit increases after every five years during the term of the policy.

The death benefit is also paid if the insured person dies after the completion of the policy term.

If only I had bought that term life insurance policy that would have guaranteed my loved ones sufficient income to carry on after my death... at least until my youngest is age 18.

Policies under this plan are eligible for loyalty addition at time of exit after completion of five years in the form of death during the term or maturity.

Take someone that wants to be certain that the spouse will be fine after death even after the children have graduated college, the 30 year term policy may be ideal.

Since the term of the policy is not defined the policy holder enjoys coverage his entire life by paying premium for the same till their death, after which the money is paid of to the family members.

Age -25 years Policy term — 20 years Premium paying term — 17 years Basic sum assured — 10 Lac Death Benefit: Suppose Mr.Rohit passed away after 5 years from the policy purchasePolicy term — 20 years Premium paying term — 17 years Basic sum assured — 10 Lac Death Benefit: Suppose Mr.Rohit passed away after 5 years from the policy purchasepolicy purchase date.

The term life insurance policies we offer come with a guaranteed option to convert all or a portion of your death benefit to a permanent life insurance policy, regardless of whether your health changes after your term policy started.

After payment of the Death Benefit, the policy continues till policy maturity date, on the following terms:

Income Benefit: Total of all the regular premiums due under the policy, after the date of death or diagnosis of cancer when occurs during the premium payment term is payable.

After taking this plan, two cases are possible, Either Mr Ajay survives the policy term of 20 years or unfortunate death happens before policy term, both cases have been explained below.

The dependants of the deceased rely to a large extent on the death claim proceeds of the term insurance policy to live a financially peaceful life ahead after the unfortunate demise of the insured.

Prevent your family from facing a financial burden after your death with a term life insurance policy.

In case of death after maturity (Extended cover period - Half of the Policy term): 50 % of Basic sum assured as death claim.