Sentences with phrase «death during the term»

It is a money back policy that provides financial protection against death during the term of the policy.

In case of your unfortunate death during the term of your life insurance policy, your nominee will receive the sum assured as the death benefit.

So, greater the age of the person to be insured, greater the risk for the insurance company of a death during the term and a claim, and thus, higher premiums.

In contrast with a term life policy that only pays out in the event of a death during the term of the policy, a whole life insurance policy can provide protection for the entire life of the caretakers.

On death during the term of plan, the Sum Assured applicable in the year of death is paid to the nominee.

Under the single life option, Sum Assured is paid in case of the policyholder's death during the term

On death during the term, Guaranteed Death Benefit + accrued Reversionary Bonuses + Terminal Bonus, if any is paid to the nominee

In the event of insured surviving the policy term, there is no payment on maturity of the policy, as the term insurance is intend to cover only the risk of death during the term of policy.

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.

Step 5 — in case of death during the term of the plan, the guaranteed death benefit, accrued paid - up additions, if any and vested bonuses are paid.

These products primarily cater to the protection of income need of the customer and in case of death during the term of the policy contract; the specified sum insured / death benefit is paid to the nominee specified in the policy.

It is a cost - effective term plan that offers a death benefit to the nominee in case of your death during the term of the policy.

The premiums are almost always going to be higher because as your age increases so does the risk of your death during the term.

Term insurance plans provide coverage for a specific term and in the event of an unfortunate death during this term, the insurance company offers your family / beneficiary a death benefit as specified under the policy.

On the death during the term of the policy, the following benefits will be paid - Guaranteed Death Benefit + Accrued Paid - up Additions (if any) + Terminal Bonus.

Such a policy provides income to your family in case of an unfortunate event of death during the term of the plan.

On death during the term of the policy and on or after the date of commencement of risk, Sum Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus is payable.

In the unfortunate event of death during the term of the plan, the nominee will receive the following: Minimum Death Benefit (as explained below) + accrued Guaranteed Additions + accrued Reversionary Bonuses and Terminal Bonus, if any

Term plans are simple insurance plans which promise to pay the sum assured in case of death during the term of the plan.

These plans give you a guaranteed fund either or maturity or in case of death during the term of the plan.

Not exact matches

Except for those executives who have an employment agreement that expressly provides for payment of an Award under the Bonus Plan in limited circumstances, in the event a participant's employment is terminated for any reason prior to the date of payment of an Award under the Bonus Plan, such participant will not be entitled to any bonus under the Bonus Plan, provided that in the event that a participant's employment terminates during the performance period due to (i) death or (ii) disability, the Committee may, at its sole discretion, authorize the Company to pay, on a prorated basis, an Award determined in accordance with the terms and conditions of Bonus Plan.

Should you pass away during the term, your beneficiary will receive the policy's death benefit.

«The vesting of each executive's awards will accelerate upon termination of his employment for any reason (including a resignation for good reason) other than cause, death or disability (as such terms are defined in such executive's employment agreement) if such termination takes place upon or within two years following a change in control (as defined in such executive's employment agreement) that occurs during the term of his employment agreement and such executive signs a general waiver and release that has become effective.»

One of the key differences to understand is that while you can purchase much more term life insurance than permanent insurance for your money, if you don't die during the term, your favorite charity won't receive any death benefit.

If you die during these years, the term policy is there to provide a lump sum death benefit to your survivors.

At certain points during the term of coverage, such as your birthdays, you can increase the policy's death benefit and premiums will be determined using your initial health rating.

If you die during the term, the death benefit can help pay off the mortgage.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

Even considering the Islamic states of Iran and Iraq as well as the deaths caused by Islamic terrorists in the 20th century, including the recent attacks on our country, these hardly compare with the deaths caused by nationalism during the same period, even though a great many national causes dress themselves up in religious jargon just as they have used terms like freedom (e.g., Vietnam and Lenin).

When figuring out the rate of perinatal death for in - hospital births or out - of - hospital births, there are four main numbers we're looking at: total number of births, total number of term deaths (past 37 weeks), intrapartum deaths (during labor), and neonatal deaths (first 6 days of life).

He made the case of enacting paid family leave in unusually personal terms, he recounted spending time during the weeks and months before the death of his father, former governor Mario Cuomo, making a point that «family matters, intimate relationships matters.»

On the other side, during the long tenure of Governor George Clinton, very rarely an office holder was removed, and the Council only filled vacancies as they occurred by resignation, death, declination of re-appointment, or term limit.

The book ends with the death of Mario Cuomo, the most dominant figure in Andrew's life, during the holiday season as Cuomo embarked on his second term.

Key Insight: In particular, during the Whitehall II study, the salivary cortisol slope was a strong predictor in terms of death than anything else (even smoking status).

She said an example of this was the recent Melbourne mall deaths, which would have been covered on the site had it occurred during the school term.

But while the content within the book gave detailed information about Apple's woes since the untimely passing of Jobs — I'm not above admitting that I cried several times during Kane's depiction of the CEO's last few months and final death — there was nothing of note about where the company is headed with Cook at the helm, at least not in terms of the uproar that followed the book's publication.

In a level term life insurance policy, the death benefit remains fixed at every point during the term..

If this describes your situation get informed about several key concepts regarding term life insurance start dates, suicide contestability periods, and rules governing death during the underwriting process.

At certain points during the term of coverage, such as your birthdays, you can increase the policy's death benefit and premiums will be determined using your initial health rating.

If you pass away during the specified term of the policy, your designated beneficiary will receive the death benefits from your policy.

In a term life insurance policy, you pay an annual premium that covers the risk of death during that year.

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.

Term life insurance covers you for a fixed number of years, such as 1, 5, 10, 20, or 30 and pays a death benefit if you pass away during the covered time period.

You may need an inexpensive term life policy, which lasts 20 - 30 years and provides a death benefit to your family if you pass away during the term.

Take life insurance as an example: you pay for a policy, and if you die during the term then that money (the death benefit) goes to the person you named as your beneficiary on the policy.

You choose a death benefit and pay a premium for a certain «term» and if you die during the «term» the insurer pays out the death benefit to your named beneficiary.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

Term life insurance provides a death benefit to your beneficiaries if you should die during the number of years, or «term» you choTerm life insurance provides a death benefit to your beneficiaries if you should die during the number of years, or «term» you choterm» you choose.

If you die during the term, a death benefit is paid out.