Sentences with phrase «die over the life of the policy»

Life insurance is a «self - completing financial product,» meaning that you get the full benefit no matter when you die over the life of the policy.

That means that, before a company sells a life insurance policy, they need to know the likelihood of an applicant dying over the life of the policy so they can price the premiums accordingly.

The latter is less likely to get into an accident, less likely to die over the life of the policy, and more likely to pay less every month!

Not exact matches

Life insurance companies use classifications to determine how risky you are for them to insure — what are the chances that you'll die over the course of your policy?

Recent projects include GUESTS, a series of works in response to research and interviews with migrant labourers in Berlin (shown at: Where Everything is Yet To Happen, ex-factory in Bosnia - Herzegovina, Over the Counter: the Phenomenon of Post-socialist Economy in Contemporary Art at the Museum of Contemporary Art, Budapest Journeys With No Return at Kurt - Kurt Gallery Berlin, all 2010); Clothes for Living & Dying, a major body of work and an international solo exhibition tour to Croatia, Germany and the UK (2005 — 2008); and Artist - in - Residence project at the University of Bath Social & Policy Sciences department, and the Institute for Contemporary Interdisciplinary Art (2010).

Who cares about 8 % unemployment, the flatlined economy, abandoning Americans to die in Bengahzi, Joe Biden's buffonery, fast & furious, national debt, USA credit downgrade, trillion dollar annual budget deficits, deliberate sabotage of the coal industry, ACORN, failed foreign policy (Iran with nuclear weapons, bowing to China, stiffing U.K and Israel, etc) abysmal people judgement (Biden again, plus H. Clinton, T, Geithner; K. Sebelius; E. Holder, etc), stopping the pipeline for Canadian oil, blocking drilling in US land, secret «kill lists», ObamaCare, attacking religious liberty, you didn't build that, unseemly chest - pounding over bin Laden (GM is dying but bin Laden is coming back to life), 20 years of Jeremiah Wright, failure of crony capitalism deals with Solyndra - NextEra — Ener1 — Solar Trust etc., over 100 rounds of golf in 1st 3 yrs, choom, the Chevy Volt, insisting the Ft Hood massacre was «workplace violence», secret college transcripts, «clearly the Boston police acted stupidly», disregard of the Simpson - Bowles budget recommendations (after commissioning their work), and lots more irrelevant stuff.

In this scenario, the second option is actually a better choice, because utilizing a second - to - die life insurance policy, called a survivorship policy, allows the cost of insurance to be spread over two lives, not one, reducing the overall risk of an earlier payout by the insurance company.

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.

Life insurance companies use classifications to determine how risky you are for them to insure — what are the chances that you'll die over the course of your policy?

Both term and permanent policies allow you to select an amount of coverage in exchange for your premium payments over the life of the policy, providing a lump sum payment to your beneficiaries when you die.

Life insurance companies set life insurance rates by looking at how risky you are to insure — how likely you are to die over the course of your polLife insurance companies set life insurance rates by looking at how risky you are to insure — how likely you are to die over the course of your pollife insurance rates by looking at how risky you are to insure — how likely you are to die over the course of your policy.

As the name implies, this rider will allow term life insurance policyholders to recover all or part of their premiums paid over the life of the policy if they do not die during the stated term.

Regardless of the shifts in the stock market and the value of your assets over time, when you die, term life insurance offers your family a secure financial future whose value you predetermine when you buy your policy.

Term insurance is the simplest form of life insurance plan that offers comprehensive life coverage over a period of time and in case the insured person dies during the tenure of the policy, the guaranteed death benefit is payable to the nominee of the policy.