Sentences with phrase «dies during the policy period»

As term plans are meant to help dependents financially in case the bread winner dies during the policy period.

Even if the life insured (the parent or guardian) dies during the policy period, the policy continues and all the payouts are made on time.

The cheapest plan available in the market, term plans offer the customer a benefit only if he dies during the policy period and there is no maturity benefit under the plan.

BSLI will pay the Sum Assured to the nominee if the insured dies during the policy period.

«According to statistics, only four of 1,000 policy holders dies during the policy period.

Not exact matches

If you die during the grace period, your beneficiary will receive the full value of the death proceeds of your life insurance policy minus any premium that is owed to your life insurance company.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value 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).

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

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.

Immediate (again term usage varies by carriers) benefit means exactly what the term implies: Once approved the full amount of the policy is immediately in force and will be paid in its entirety should the insured die during the policy's active 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).

Term policies pay death benefits — if you die during the period covered by the policy, proceeds will go to your beneficiaries.

In case the insured dies during the grace period, the insurer is liable to pay the death benefit (coverage amount) to the beneficiary named in the policy, less any amount outstanding (including the unpaid premium).

With term life insurance, benefits are paid if the policy owner dies during the period covered by the policy.

If an insured dies during the grace period and the premium has not been paid, the policy benefit is payable.

If the person on whom the policy is written dies during the exclusion period, the life insurance company will investigate the death to determine if there was any medical or other information that was not disclosed when the policy was purchased.

In the event you were to die and / or the company discovers the answers provided are not accurate during the contestibility period (typically 2 years from the start of the policy), the policy can be cancelled and any claim denied.

During that time, the policyholder pays an annual premium, and if he or she dies within the period, a death benefit is paid out to the beneficiaries of the policy.

The company pays the face value of the policy only if you die during the term period.

Most term life insurance policies have a monthly premium that will not change throughout the term of the policy and a fixed lump sum payout if you die during the term period.

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.

If you were to die during the time period specified in your policy (and the policy remains in force), then a death benefit will be paid out.

If you die during this period, your designated beneficiaries receive the policy death benefit.

If during the policy period you happen to die, your beneficiary gets the death benefit.

If you die during the contestability period and your misrepresentations come to light, then the life insurance company may cancel the policy, refuse to pay the death benefit, or subtract money from the death benefit based on the amount of premiums you should have paid.

The life insurance contestability period is a two - year time frame after your policy goes into effect during which the life insurance company may investigate your application if you die.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

A VantisTerm ROP Life Insurance policy provides great protection for your loved ones should you die during the level premium period.

Meanwhile, the insurance company, while collecting your premium, will not have to worry about paying your beneficiaries death benefits if you die outside of term life insurance coverage or during a period of policy lapse.

It is important to keep in mind that if the policy owner dies at any time during the term period, simply buying just the traditional term coverage and investing the difference will always provide the greatest return on capital, because in this case the policy owner's estate would not only receive the death benefit but can distribute the invested cash as well.

Coverage lasts for a predetermined length of time and the policy pays a benefit to your beneficiaries if you die during that term period (usually 10, 15, 20, 25 or 30 years).

In case you die during this period, your family gets the insured amount (called Sum Assured) and the policy ends.

ROP offers lower premiums and a guaranteed refund of the life insurance premiums paid during the term of the policy, provided the insured doesn't die prior to the end of the term period.

Additionally, should you die during this «waiting period» of natural causes (any cause of death due to illness) your guaranteed issue life insurance policy WILL NOT pay the death benefit of the policy.

Additionally, most final expense life insurance policies will also have written language about what happens should someone die from natural causes during the «Graded Death Benefit Period».

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).

A SBLI SuperTerm ROP Life Insurance policy provides great protection for your loved ones should you die during the level premium period.

A provision that if a person insured under the group policy, or the insured dependent of a covered person, dies during the period within which the covered person or dependent would have been entitled to have an individual policy issued before such individual policy becomes effective, the claim will be payable under the group policy.

If the insured dies during the specified period of time, his / her beneficiary will receive the value of the policy.

He also had the option of not taking the «gamble» by letting the policy lapse at that stage if, in his opinion, he could not afford the premium or was not likely to die during the 10 year period.

Term policies pay benefits if you die during the period covered by the policy; but the term life insurance do not build cash value.

In contrast, to say a 30 - year term life insurance policy, which pays a death benefit only if the insured dies during a specified period of 30 years, a whole life policy provides for the payment of a death benefit regardless of when the death occurs in someone's life.

A Term Life policy pays a benefit to the beneficiaries only if the policy holder dies during the time period for which the policy was initially contracted and has remained current on their annual or monthly premium payments.

The policy pays a death benefit to your beneficiary only if you (the insured) dies during the time or period the policy is in effect.

That it's not all bad news when it comes to the graded death benefit policies because in most cases, if an insured dies from «natural» causes during the graded death benefit period, most guaranteed life insurance policies (or at least the ones we offer here at TermLife2Go) will have some «reimbursement program» whereby the insured's beneficiary will receive back some if not all of the premium payments that the insured paid plus some type of additional interest earns as well.

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).

The policy is valid for a specific period of time, and the payout is only awarded if the insured dies during the active term.

This coverage will provide a benefit to the policy beneficiaries if the covered individual dies during the defined period of coverage.

1 - During the policy period, suppose I met with an road accident, say a car rammed my bike -LRB-: — RRB --RRB- and fortunately a didn't die and is hospitalised then will the insurace company took care of my hospitalization expenses incurred for things like surgery, medicines, room charge, etc. (of course subject to sum assured)