Sentences with phrase «die during a certain period»

If the owner dies during the certain period, the beneficiary continues to receive the payment for the remainder of that period.

While life insurance rates will vary according to your particular health and risk profile, term policies are typically the least expensive form of coverage, since they only pay out if you die during a certain period of time (the «term» of the policy).

While life insurance rates will vary according to your particular health and risk profile, term policies are typically the least expensive form of coverage, since they only pay out if you die during a certain period of time (the «term» of the policy).

Not exact matches

(And to be clear, I'm talking about term insurance, the kind that gets your heirs a certain amount of money if you die during a specific time period.

Life Income with Period Certain (If you die during the Period Certain, payments continue to your named beneficiary)

This is a clause that states that should the insured (meaning you) die from NATURAL CAUSES during a certain period of time immediately after purchasing your life insurance policy (typically 2 to 3 years), the life insurance policy will not pay the death benefit (the insurance coverage amount).

Virtually all individual life insurance policies contain a clause denying payment if the insured person dies from suicide during a certain period after a policy goes into effect, says Paul Graham, senior vice president of insurance regulation and chief actuary of the American Council of Life Insurers.

Term insurance is a life insurance policy that provides coverage for a certain period of time where if the insured dies during the time period specified in the policy and the policy is active — or in force — then a death benefit will be paid.