Sentences with phrase «during the life of the policy»

That childhood rate will never increase during the life of the policy.

This could be particularly damaging to you if your family relationships change during the life of the policy.

You can change the death benefits during the life of the policy, usually after passing a medical examination, and you can pay premiums from your accumulated cash value.

A convertible term life insurance policy allows you to change it to a permanent policy at some point during the life of the policy.

Plus, most insurers let you decrease coverage at least once during the life of the policy.

Typically, the amount of the premium will remain constant during the life of the policy.

Many policies give you a fixed premium during the life of your policy.

An endorsement extends coverage to acts that occurred during the life of the policy even if the policy is no longer in effect.

Keep in mind, there's usually a certain time period during the life of the policy that allows you to do so.

The value can be used to take loans or withdrawals during the life of the policy.

In addition to a death benefit, permanent insurance has a saving or investment portion that grows during the life of the policy.

During the life of the policy there may options at interval periods in the policy when you can change your term insurance policy to a permanent insurance policy.

However, it will be minus the sum of the dividends that is earned from the carrier during the life of the policy itself.

The policy is participating whole life so you may even have an opportunity to earn dividends during the life of the policy.

They simply can not afford to take on term life clients who they feel may pass away during the life of the policy.

This growth is dependent upon premiums being paid, as well as your eligibility to earn dividends, and grows slowly during the life of the policy.

A portion of your payments gets accumulated as cash value which can be used for retirement or can be borrowed against as a loan during the life of the policy.

Cash value accounts may also be borrowed against or drawn from during the life of the policy.

Also, the cash value can be borrowed against during the life of the policy to buy things, invest, etc..

That means they cover only claims made during the life of the policy, regardless of when the alleged injury occurred.

With whole life insurance, your premiums are usually higher than term insurance, but usually don't increase during the life of the policy.

It's not uncommon for someone's insurance needs to change during the life of their policy.

You can also change the amount of death benefits during the life of this policy to better reflect your needs.

A convertible term life insurance policy allows you to change it to a permanent policy at some point during the life of the policy.

Believe it or not, most life insurers let you lower your coverage at least once during the life of the policy — even if you didn't opt for adjustable life insurance.

Typically, the amount of the premium will remain constant during the life of the policy.

The cash value can be used to take loans and withdrawals during the life of the policy.

This means that the insurance company only had to pay out $ 300,000 at the time of your death, because you had accumulated $ 200,000 in cash value during the life of the policy.

Provides death benefits as well as a cash value accumulation that builds during the life of the policy

The best part is, this is the only time you'll have to go through the underwriting process during the life of your policy because your premium will be locked in after your first application.

The best part is, this is the only time you'll have to go through the underwriting process during the life of your policy because your premium will be locked in after your first application.

When / if the primary insured dies during the life of the policy than the death benefit will be paid to the beneficiary.

Return of Premium — This rider will return the total amount of premiums you have paid during the life of the policy.

Premiums do stay consistent during the life of the policy, but are more expensive than term life insurance premiums.

The OPTerm is typically convertible during the life of the policy.

With American General you can convert your policy from term to universal during the life of the policy up to age 70.

It's like car insurance for your life, but instead of buying it annually or in 6 month increments, you buy it for 20 or 30 years and the premium stays the same during the life of the policy.

Premium payments in a whole life insurance policy are level (will never rise during the life of a policy), but an owner may have the option of paying additional premium into the policy in order to build cash value faster.

One financial hiccup during the life of that policy will cut it short and you're without insurance.

It gave you the «option to convert all or part of the policy during the life of the policy to a permanent plan at the rate class originally approved without evidence of insurability».

You can get locked - in rates for life insurance which means your premiums won't increase during the life of your policy.

Level premium means the rate will never change during the life of the policy.

This policy allows policyholders to have their premiums returned to them if they outlive their coverage term, and also allows them to access cash value during the life of the policy.

Provides death benefits as well as a cash value accumulation that builds during the life of the policy

3At any time during the life of the policy, you may elect to have your cash surrender value returned to you, ending the policy.

If you're not completely sure what term insurance means, then to put it simply, it is a life insurance which solely covers death benefits and which is only payable if you die during the life of the policy.