Sentences with phrase «die during an initial period»

They also may feature graded death benefits, meaning you won't receive the full benefit amount if you die during an initial period of time (usually the first year or two of the policy).

Not exact matches

In other words, the insurance companies know that over an extremely large number of people, very few will die during the initial ten year period and most will drop the coverage or replace their policy before their life expectancy.

The «guaranteed period» for an annuity is the initial period for which the annuity is guaranteed to be paid regardless of whether or not the individual dies during that specific period of time.

Should you die of natural causes during this initial two - year period, all premiums paid will be refunded at 10 % compound interest.

For startup businesses, a joint term life insurance policy will protect the interests of the business if one of the partners dies during the initial growth period.