Sentences with phrase «death of the policyholder in»

Life insurance, meanwhile, generates an estate, diminishes the financial uncertainty of passing away too soon, grants the beneficiary a specified amount at death of the policyholder in exchange for a premium which is determined by sex, age, type of insurance, amount of death benefit and health.

The policy offers 100 % sum assured as a lump sum on death of the policyholder in case of life protection.

The nominee gets the Sum Assured on death of the policyholder in case of single life.

Not exact matches

One in every twelve deaths in male policyholders 45 and older was the result of cancer; for women of that age, the share was nearly one in six.

If the policyholder dies early in the contract lifetime the insurance carrier must finance most of the death benefit.

The easiest and fastest way to claim the life insurance death benefit is to look for the physical copy of the policy in the policyholder's records.

A death certificate can be obtained from the local government of the county in which the policyholder died, or from the mortuary that managed the funeral.

3) Bharti AXA Life Premium Waiver Rider (UIN: 130B005V03): Under this rider in case of the unfortunate event of death, Total Permanent Disability or critical illness (in case of Policyholder) and Critical Illness (in case of Life Insured) the future premiums are waived off and the benefits under the policy will continue.

Protection for your family - Sum Assured is paid in case of an unfortunate event of death of the policyholder.

Essentially, you, as a policyholder, get to participate in the profits of the company (as determined by the insurer once they've paid all death benefits and other business expenses).

Mortgage life insurance is an insurance policy designed to pay off a policyholder's mortgage in the event of their death.

A Single Premium policy is the one in which the premium amount is paid in lump sum at the beginning of the policy as a return for the death benefit which is guaranteed to be paid up until the death of the policyholder.

The outstanding loan amount will reduce the death benefit dollar for dollar in the event of the death of the policyholder before the full repayment of the loan.

In the event of the death of the policyholder under the specified policy terms, beneficiaries may choose to use financial proceeds to cover many areas, including:

In case of unfortunate death of the Life Insured the death benefits of the policy are received by the nominee or the Policyholder.

I.e. if you just had the mortality info (number of deaths each year), and the fact that M / F ratio has remained constant, what average - age would you estimate this set of policyholders to have been in Jun 07, from the CDC tables.

Life insurance pays out in the event of the policyholder's death.

In case of death of the Life Insured during the Policy Term, the Sum Assured on Death will be payable to the Nominee or the Policyholder as the case may be, subject to Policy being in forcIn case of death of the Life Insured during the Policy Term, the Sum Assured on Death will be payable to the Nominee or the Policyholder as the case may be, subject to Policy being in fdeath of the Life Insured during the Policy Term, the Sum Assured on Death will be payable to the Nominee or the Policyholder as the case may be, subject to Policy being in fDeath will be payable to the Nominee or the Policyholder as the case may be, subject to Policy being in forcin force.

There are some retirement plans that give no life coverage, only the purchase price is paid back to the beneficiary in case of the policyholder's death.

Term plans are meant to provide the dependants of the policy holder enough funds to cover the policyholder's income in case of his / her death.

The benefit can be paid in installments or a lump sum, with the beneficiary receiving the balance of the insurance payout after the policyholder's death.

But a third category of investment that also showed an increase in Canadian confidence are segregated funds — a type of investment fund administered by Canadian insurance companies that give policyholder death benefit guarantees.

If the policyholder dies within the term of the policy — and the policyholder has paid the premiums and the policy is in good standing — the insurance provider will pay a death benefit to policy's named beneficiaries.

Allows policyholders to use the death benefit payment early in the case of terminal illness to cover necessary medical costs.

Life insurance provides income to beneficiaries in the event of a policyholder's death.

Allows the policyholder to access the death benefit early in to pay for medical expenses in the case of terminal illness.

Life insurance policy is a contract between the insurers or insurance provider wherein a lump sum amount is promised as a death benefit to the beneficiary in the event of the policyholder

Term life offers coverage for a set period of time and then expires, and pays a death benefit to beneficiaries if the policyholder dies while the policy is in effect.

Life insurance policy is a contract between the insurers or insurance provider wherein a lump sum amount is promised as a death benefit to the beneficiary in the event of the policyholder's death, provided the policy was active and the premiums were paid till the insured's death.

Further, the commenter stated that particularly in cases where the policyholder dies within two years of the policy's issuance (within the policy's contestable period) and the cause of death is uncertain, the insurer's inability to access relevant protected health information would significantly interfere with claim payments and increase administrative costs.

Life Settlements - a contract or agreement in which a policyholder agrees to sell or transfer ownership in all or part of a life insurance policy to a third party for compensation that is less than the expected death benefit of a policy.

These two policies help in giving benefits of death and the buildup of cash value to beneficiaries unless the policyholder cancels their policy or stops remitting their premiums.

As with the term life plans, policyholders can choose from a number of death benefit dollar amounts, including $ 5,000, $ 10,000, $ 20,000, $ 30,000 or even $ 50,000 — and just one dollar can lock in a policy of up to $ 50,000 for the first month.

Both the indexed universal life insurance and the term life insurance policies typically include an accelerated death benefit so that a large portion of the death benefit can be paid to the policyholder in the event of a terminal illness.

Death benefits are the way in which annuities and life insurance policies compensate those close to or dependent upon the deceased policyholder for the costs associated with death (e.g. funeral expenses) and potential loss of inDeath benefits are the way in which annuities and life insurance policies compensate those close to or dependent upon the deceased policyholder for the costs associated with death (e.g. funeral expenses) and potential loss of indeath (e.g. funeral expenses) and potential loss of income.

What is variable life insurance While the primary purpose of life insurance is to provide a death benefit in the event of the policyholder's untimely demise, life insurance can provide an investment component as well.

It made sense that policyholders would want to keep term insurance instead of expensive whole life insurance, especially here in Palo Alto or the Bay Area, where housing prices and incomes were rising very quickly and folks realized that they needed larger and larger amounts of term insurance to replace the income of the main breadwinner or to pay off a large mortgage at death.

In many cases a whole life insurance policy will provide some sort of cash value — although that cash value is likely to be far less than the death benefit that would accrue if the policyholder were to die.

In the case of death of the policyholder during the policy period, the insurance company pays a death claim equal to the Sum Assured or Death Bendeath of the policyholder during the policy period, the insurance company pays a death claim equal to the Sum Assured or Death Bendeath claim equal to the Sum Assured or Death BenDeath Benefit.

One thing in common present in their policies is the opportunity that they afford the policyholders to either accumulate cash, and / or the provision for a death benefit that the family of the policy can receive upon death of the policyholder.

This type of coverage comes with a free accelerated death benefit rider, which allows policyholders to receive a portion of their death benefit in case they fall terminally ill.

A Life Insurance Policy is essentially a contract between an insurance holder and an insurance company wherein the parties agree to certain conditions which provide the policyholder a lump - sum amount of money in case of his / her death.

As neither the cash value nor the death benefit is predetermined or guaranteed, the policyholder bears the risk of a poor fund performance which results in the decreased amount of the death benefit and the cash value and the increased premiums the insured has to pay to keep the policy in effect.

In case, the policyholder purchases a policy without mentioning this fact, he may be granted the cover based on his declaration, however, in case of an early death, the insurance company is within its rights to repudiate the claim as he has not disclosed material facts at the time of entering the contracIn case, the policyholder purchases a policy without mentioning this fact, he may be granted the cover based on his declaration, however, in case of an early death, the insurance company is within its rights to repudiate the claim as he has not disclosed material facts at the time of entering the contracin case of an early death, the insurance company is within its rights to repudiate the claim as he has not disclosed material facts at the time of entering the contract.

Many consumers are unsure how to select a life insurance beneficiary, the recipient of all life insurance policy benefits in the event of a policyholder's death.

The easiest and fastest way to claim the life insurance death benefit is to look for the physical copy of the policy in the policyholder's records.

Under the option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in equal monthly instalments for a period till which the policyholder's child attains 21 years of age.

Max Life Partner Care Rider is available under the plan which guarantees retirement benefits for the spouse in case of the policyholder's death

The death benefit is referred to as the total amount of sum assured together with the bonus (if any) is paid to the beneficiary of the policy in case of any eventuality or uncertain demise of the policyholder.

The beneficiary is paid the Death benefit (sum assured) in case of an unforeseen event of the demise of the policyholder.