Sentences with phrase «death risk to the insurance companies»

Depending on your history of documented substance abuse, you may be considered a death risk to the insurance companies.

Not exact matches

There are a lot of costs that go into insuring someone including administrative costs, the medical exam and testing costs, and potentially having to pay out a large death benefit, so life insurance companies weigh all the risks for those who apply for coverage.

In the few cases where there are many skeletons, one can construct mortality tables like the ones life insurance companies use to calculate expected life span and risk of death at any given age.

If you're very healthy, and there's little risk that the life insurance company will have to pay the death benefit, you'll get more affordable rates.

Key man life insurance helps companies to reduce the risk of business disruption by paying a death benefit if employees that are critical to business operations pass away.

In an attempt to lessen the risk of investment loss associated with variable annuities, many insurance companies now offer guaranteed death benefit and / or a living income benefit riders.

Your Anaheim insurance quotes will vary form company to company, but the above factors are generally used to equate your risk of death.

If you're very healthy, and there's a low risk of the life insurance company having to pay the death benefit, you'll get incredibly affordable rates.

Hobbies — The insurance companies will also want to understand if you have any other hobbies that would place you at more risk of death or injury.

When you apply for a life insurance policy, you are essentially asking the insurance company to take on the potential financial risk of possibly paying a death claim on your life.

Life insurance companies have a list of rate classifications that will classify each and every applicant in order of what kind of a risk they are and how great the odds are of having to pay out a death claim.

Every graded death benefit policy has different qualifying questions, so the key to finding the best graded death benefit life insurance rates is sorting through all the options available and finding the cheapest company that YOUR unique risk fits into.

If you're very healthy, and there's a low risk of the life insurance company having to pay the death benefit, you'll get incredibly affordable rates.

All of these put you at risk for death and in turn put the insurance company in the position that they will need to pay out your claim.

Key man life insurance helps companies to reduce the risk of business disruption by paying a death benefit if employees that are critical to business operations pass away.

In addition to higher premiums, insurance companies that issue guaranteed life policies protect themselves against risk in two additional ways: (1) by offering relatively low payouts, and (2) by typically not providing a death benefit during the first two years after issuing the policy (if the policyholder dies during this time, the company issues a refund of premiums instead).

When you buy a universal life policy, if you choose a level death benefit, the insurance company uses your cash value to reduce the amount of risk it takes on your life.

Your Anaheim insurance quotes will vary form company to company, but the above factors are generally used to equate your risk of death.

Can contain additional protections to the insurance company «graded death benefit» thereby limiting the insurance companies exposure to risk.

Premiums for graded benefit life insurance policies are generally higher than those for standard life insurance policies since the policyholder presents greater risk of a death claim to the insurance company.

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.

The cash value of the life insurance policy represents money that is built up against the death benefit to reduce the «net amount at risk» for the insurance company.

Because the death benefit is delayed until both have passed, the cost per thousand of coverage is lower since the insurance company is able to mitigate its risk.

The risk of disability at old age is actually higher than death at certain ages; to achieve adequate protection, most companies should secure both key man life and disability insurance for their key employees and / or executives.

Since YOUR cash in the policy becomes part of the death benefit, in my example above, a $ 10,000 death benefit on a 40 year old policy with $ 7,000 cash value means the insurance company is at «risk» to pay out $ 3,000 when the person dies.

Suicide Exclusion: If the Life Assured commits suicide within one year from the risk commencement date or revival date, if revived, whether sane or insane at that time, the Company will limit the Death Benefits to the Fund Value as available on the death date and no insurance benefit will be payDeath Benefits to the Fund Value as available on the death date and no insurance benefit will be paydeath date and no insurance benefit will be payable.

Life insurance is used to transfer the financial risk of a persons death to the insurance company.

In other words, technically when a life insurance policy loan occurs, the death benefit is not actually reduced (which means the cost - of - insurance charges don't decline for any reduction in the amount - at - risk to the insurance company); instead, the insurance company simply recognizes that any final death benefit to be paid will be reduced first by the repayment of the loan balance.

The fact that the insurance company had only $ 899,000 «at risk» in the form of a death benefit it might have to pay — since the other $ 101,000 is already set aside as cash value reserves — means that the implicit cost of the death benefit in the 20th year is based only on $ 899,000, and not the full $ 1,000,000.

The charge per dollar at risk to the insurance company (this is defined as the death benefit that would be paid on a claim, minus the current cash value) unequivocally will rise over time.

CSO mortality tables are how insurance companies class risk — in other words, it's how they determine what to charge you based on your risk of death at any given age.

The costs are calculated based upon the amount at risk to the insurance company, with the amount at risk being the death benefit of the policy minus the cash value of the policy.

Having adequate travel insurance coverage can reduce the potential financial risks associated with traveling, such as accidents, missed flights, illness, lost baggage, canceled tours, terrorism, theft, travel company bankruptcy, emergency / medical evacuation, getting the body to your home country, in case of death.

Our insurance portfolio includes single trip or annual accidental death and dismemberment insurance, comprehensive travel insurance plans available to all nationalities living anywhere in the world, International Accidental Death & Dismemberment insurance including optional War Risk coverage, International Life Insurance and International Disability insurance for overseas workers, and Defense Base Act Insurance for companies awarded government contracts working on foreinsurance portfolio includes single trip or annual accidental death and dismemberment insurance, comprehensive travel insurance plans available to all nationalities living anywhere in the world, International Accidental Death & Dismemberment insurance including optional War Risk coverage, International Life Insurance and International Disability insurance for overseas workers, and Defense Base Act Insurance for companies awarded government contracts working on foreign death and dismemberment insurance, comprehensive travel insurance plans available to all nationalities living anywhere in the world, International Accidental Death & Dismemberment insurance including optional War Risk coverage, International Life Insurance and International Disability insurance for overseas workers, and Defense Base Act Insurance for companies awarded government contracts working on foreinsurance, comprehensive travel insurance plans available to all nationalities living anywhere in the world, International Accidental Death & Dismemberment insurance including optional War Risk coverage, International Life Insurance and International Disability insurance for overseas workers, and Defense Base Act Insurance for companies awarded government contracts working on foreinsurance plans available to all nationalities living anywhere in the world, International Accidental Death & Dismemberment insurance including optional War Risk coverage, International Life Insurance and International Disability insurance for overseas workers, and Defense Base Act Insurance for companies awarded government contracts working on foreign Death & Dismemberment insurance including optional War Risk coverage, International Life Insurance and International Disability insurance for overseas workers, and Defense Base Act Insurance for companies awarded government contracts working on foreinsurance including optional War Risk coverage, International Life Insurance and International Disability insurance for overseas workers, and Defense Base Act Insurance for companies awarded government contracts working on foreInsurance and International Disability insurance for overseas workers, and Defense Base Act Insurance for companies awarded government contracts working on foreinsurance for overseas workers, and Defense Base Act Insurance for companies awarded government contracts working on foreInsurance for companies awarded government contracts working on foreign soil.

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.

Because the accidental death policies are more restrictive and present less of a risk to the insurance company, they're usually cheaper.

Obesity is linked to a variety of diseases that can lead to an early death, and therefore constitute risk factors to an insurance company.

Sum at Risk is the amount that the insurance company has to pay from its pocket in the event of the death of the policyholder.

The sum - at - risk is the amount insurance company will have to pay from its own pocket in the event of death of policy holder.

However, other risks to a life insurance company that could also potentially lead to paying out a death benefit claim could include high - risk occupations such as firefighters, police officers, and loggers, and those who participate in high - risk hobbies such as scuba diving, skydiving, and hang gliding.

In the mind of the consumer is the not so crazy thought that if the life insurance company is exposing itself to less risk (death benefit), so they might be able to kind of look the other way on the perceived increased risk (the health issue).

In the mind of the consumer is the not so crazy thought that if the life insurance company is exposing itself to less risk (death benefit), so they might -LSB-...]

Because the risk of death is higher, the insurance company charges a higher premium to recoup some of the costs and mitigate the risks to the company.

Hello Sachin, In case you apply for the policy (premium paid) and later decide to discontinue due to premium being increased, the company may deduct charges for 3 things: 1) Medical Examination Cost 2) Stamp Duty Charges (if already paid)-- Stamp Duty is applicable in case of Life Insurance Policies 3) Mortality Charge (cover for risk of death) for Life Insurance cover offered till the time of cancellation of the policy.

Because insurance companies must guarantee death benefits and a minimum schedule of cash values in most policies (except variable life policies), they must be conservative when estimating the values of the various premium pricing factors (interest, mortality, expenses, lapse rates, and risk loading factors) used to compute the required premiums under any particular premium payment plan of insurance.

Rather than insuring one person, a second to die policy does not a pay a death claim until both individuals pass away, which spreads the insurance company's risk between both applicants.