Sentences with phrase «deduction of due premiums»

During these days, you will continue to be insured and be entitled to receive the death benefits subject to deduction of due premiums.

During these days, you will continue to be covered and be entitled to receive all the benefits subject to deduction of due premiums.

During these days, the policy will be valid and any claims will be subject to deduction of due premiums.

Not exact matches

And what if you have a whole bunch of deductions off your pay cheque aside from tax: CPP, EI, union dues, medical benefit premiums and the like.

A con of hybrid life insurance with long term care is your premium payment does not currently qualify for a tax deduction, most likely due to individual life insurance premiums not being tax deductible.

On the other hand, the reality is that such an outcome is actually the intent of the law in the first place; the bulk of tax assistance benefits for health insurance will be conveyed through the premium assistance tax credit specifically targeted at lower income individuals (who generally don't benefit from medical expense deductions due to the simple fact that they don't itemized deductions at all) while only limited benefits will be available through the medical expense deduction to higher income individuals.

Waiver of monthly deductions rider — This rider will pay your monthly premium for a certain period of time to prevent policy lapse in case of inability to pay due to disability.

A con of hybrid life insurance with long term care is your premium payment does not currently qualify for a tax deduction, most likely due to individual life insurance premiums not being tax deductible.

If the insured dies within the grace period, then, death benefits under the plan shall be payable which is the complete sum assured after making applicable deductions of the premiums due.

If the death of the policyholder occurs during the grace period then the full sum assured will be paid to the beneficiary after the deduction of the premium due and all the premiums falling due during the policy year.

In the above case out of 15 years annual premium paid, I have taken deduction only in 6 years u / s 80CCC whereas for the other 9 years the 80C / 80CCC deduction could not taken due to the 80C / 80CCC ceiling.

I agree to any increase in deductions due to change in government regulations / service tax rates / scheduled increase as per the product features or change in frequency of premium payment and authorize Exide Life Insurance Company Limited to effect it with the bank directly.

Some of the most common rental real estate deductions are mortgage interest expense, homeowner association dues, insurance premiums, management fees, equipment rentals and basic maintenance.