Sentences with phrase «duration of the policy»

The annual premium, or «rate», for a term life policy is determined at the time you purchase coverage and set for the entire duration of your policy term.

Some policies also offer free regular cancer check - ups during the entire duration of the policy term.

The insurance premium is guaranteed not to increase for the entire duration of the policy period.

If you wish to cancel your policy before the maximum duration of the policy, your insurance will cease to exist and a part of your premium will be refunded to you.

The only problem is the short duration of the policy.

You select a term when comparing price quotes so you can find out how much your term insurance will cost for the specific duration of your policy.

You will get the surrender value of the policy which is calculated on the basis of age of the policy, total duration of the policy, premiums paid and bonus accrued.

Your term life plan is guaranteed to last for the entire duration of your policy term, as long as the premiums are paid on time.

The no lapse guarantee may not be included for the entire duration of the policy, so make sure you understand the fine print.

The proposed rule changes the maximum duration of these policies to less than twelve months, which is higher than the current maximum duration of less than three months.

Some traditional whole life policies however provide for a modified premium payment schedule where the required premium payments may be lower in the early years and then increase to a higher amount which will then remain level for duration of the policy.

This is a completely underwritten whole life insurance policy with fixed level premiums that last throughout duration of the policy.

The committee decided that in light of the extent and duration of the policy violations, the applicants» research activities would be suspended.

Policyholders receive cash benefits for staying invested for the full duration of the policy term.

In case of an unfortunate demise of the parent during the Policy term, these plans provide an immediate guaranteed lump - sum amount to the child along with a fixed yearly income for the remaining duration of the Policy.

For example, level term life insurance offers premiums that are guaranteed to remain the same each year for the entire duration of your policy term - 10, 15, 20 or 30 years.

In contrast, whole life provides fixed premiums for the entire duration of the policy.

No benefit is payable in case the Life Assured survives the complete duration of the policy (Policy Maturity) These plans are highly cost effective, and provide a high life insurance cover in return of a comparatively smaller premium amount.

Other Universal Life plans can see costs rise throughout the duration of the policy because of possible changes in interest rates or costs of insurance, but a GUL policy will always be the same premium cost for each payment.

Stability describes the duration of the policy without change.

Ordinary level premium whole life insurance has level premium payments for the duration of the policy, typically until age 100.

You pay a flat premium over the duration of the policy, but the face value (death benefit) of the policy decreases over time.

Similar to most whole life insurance policies, premiums are level for the duration of the policy, with the only exception being the first month of coverage (you only have to pay $ 1).

Term life insurance policies are pretty cut and dry: as long as you pay the premium in full and on time, you are covered for the duration of the policy.

To treat the policy like a business, it is essential that the policy loans be repaid (with interest / or at a minimum the interest must be paid) and it is advisable that premiums continue to be paid through the duration of the policy period (rather than allowing the cash value to pay the premiums).

Whole Life: Yes, this refers to the duration of the policy.

However, both term life and whole life insurance will have fixed premiums over the duration of the policy.

Other Universal Life plans can see costs rise throughout the duration of the policy because of possible changes in interest rates or costs of insurance, but a GUL policy will always be the same premium cost for each payment.

It is the amount which the insurance company pays to the policy holder on the completion of the Policy Term, if the Life Insured has survived the entire duration of the Policy.

When you buy your term insurance you're locking in your rate for the duration of the policy.

2) At the end of 10 years, he will receive Fund Value on Maturity — which will also include additional Loyalty Additions accumulated over the duration of the Policy.

You can sign up for the program either when you start the policy or at any point in the duration of your policy.

The Policy Fund Value will reflect the returns during the duration of the Policy and is dependent on market conditions, your choice of funds etc..

Once you «lock it in,» you can count on those premiums for the duration of your policy.

These tend to offer full or almost - full salary for the duration of the policy period or disability, whichever ends first.

It is important to emphasize the fixed death benefit and premium payment for the entire duration of the policy.

For the duration of the policy, the premiums and the death benefit should be level which means that they will never increase with time and age.

Simple, because the death benefit and payments remain the same for the duration of the policy.

By purchasing a policy today, you can save money in the long term and secure coverage for the duration of your policy term.

Their premiums are also promised to not increase for the duration of their policy.

These plans typically offer less sizeable benefit amounts, some with premiums that do not change for the duration of the policy.

For the duration of your policy, the premium will stay exactly the same and you'll also have opportunities to convert your term life to a more permanent solution should you think it necessary at any point.

When you add up the savings, month after month - year after year - for the duration of the policy, you can save -LSB-...]

Whole life is more expensive than term life, and the premiums typically remain unchanged over the duration of the policy; however, the insurance company makes investments on your cash value which builds a cash reserve for you — and you can draw from the cash value even in your lifetime.

This type of coverage promises that a policyholder's premiums will not increase — nor will their benefit decrease 0 for the duration of the policy.

You can sign up for the program either when you start the policy or at any point in the duration of your policy.