Sentences with phrase «death against the payment»

Not exact matches

The main reason people get term life insurance is to protect against loss of income in case of death, so their loved ones will be financially secure and can cover essential expenses, including living expenses, mortgage payments, and college tuition.

You may be asked to pay some form of payment protection insurance to cover you against death, unemployment and so on.

If a policy of insurance has been or shall be effected by any person on his own life or upon the life of another person, the policyowner shall be entitled to any accelerated payments of the death benefit or accelerated payment of a special surrender value permitted under such policy as against the creditors, personal representatives, trustees in bankruptcy and receivers in state and federal courts of the policyowner.

Another consideration is that if the deceased was married at the time of their death — to a step - parent, for example — that person may be entitled to an election under the Family Law Act to receive an equalization payment and make a potential claim against the estate.

If he failed to provide payment for her on his death, her right to that payment became enforceable by a direct right of action for breach of contract against his estate.»

(a) is subrogated to and is deemed to be the assignee of all rights of recovery against any other person liable in respect of the loss, damage, bodily injury or death of a person to whom, on whose behalf or in respect of whom the payment of benefits or insurance money is made or to be made, and

Both the extra premium payments and the delayed receipt of the death benefit payment work against the investor and can substantially reduce the illustrated investment return.

The plan covers against death of the policyholder only without covering the payment of any benefit up on maturity.

The main reason people get term life insurance is to protect against loss of income in case of death, so their loved ones will be financially secure and can cover essential expenses, including living expenses, mortgage payments, and college tuition.

If the insured policy owner passes away while there is outstanding debt leveraged against the whole life policy, then the difference will be subtracted from any future death benefit payments.

This is the face value of the life insurance policy that is to be paid out to your beneficaries in the event of your death and the total amount paid out (less any loans against the policy) is usually in a nontaxable lump sum payment.

With other types of policies, variations in dividend payments (which can be used to pay against premium), cash value, and costs of insurance in the case of universal life policies can all create variability with the amount of premium required to keep the policy in force and the ultimate death benefit.

This combination provides financial protection against death throughout the life time of the Policy holder with the provision of payment of lumpsum at the end of the selected policy term.

It offers complete protection for your family against the financial loss or burden (such as repayment of mortgage for your house), with full sum assured payment in case of an unfortunate death.

Coverage, or more specifically insurance coverage, is the amount of protection in terms of a sum of money that an insurance company provides to an insured person whereby, in the event of risk or risks insured against take place, such as death or accident, the policyholder or a designated beneficiary or beneficiaries shall receive an indemnification or payment up to the extent of the loss.

It provides a good sum of financial protection against death as well as has the option for lump sum payment at maturity.

Withdraw Money or Borrow Against It When you pay your premium, a portion of each payment goes toward the death benefit, but a portion also goes to building up the policy's savings component (also known as the «cash value»).

This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lumpsum at the end of the selected policy term in case of his / her survival.

A life insurance policy is a contract issued by a life insurance company providing protection against the death of an individual in the form of a payment to a beneficiary.

Protection for your family - complete protection for your family against the financial loss or burden (such as repayment of mortgage for your house), with full Sum Assured payment in case of an unfortunate death.

LIC's New Money Back Plan - 20 Years is a non-linked, participating plan that provides the combination of periodic payment on survival at regular intervals along with protection against death through the entire policy term.

I know insurance companies would argue against this, but if you've had a policy in place for several years and it lapses because you miss a payment, do you think they have a strong interest in reinstating it, or possibly just calling all of the payments made as profit with no further need to worry about paying a death benefit?

is a participating non-linked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term.

This combination provides financial protection against death during the policy term with the provision of payment of lump sum at the end of the selected policy term in case of his / her survival.

Payments made are to insure against a loss, in this case, your mother's death.

This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lump sum at the end of the selected policy term in case of his / her survival.