Sentences with phrase «during the term of the policy while»

If you pass away during the term of your policy while coverage is «In Force», your beneficiary (you choose) will receive the death benefit proceeds from the life insurance policy, free from federal income tax.

The critical illness rider is only paid once during the term of the policy while the policy is in force.

Not exact matches

While there are some signs of recognition such as the Fed's reduction in its estimated neutral rate from 4.5 percent to 3.0 percent during the last 2 years, the IMF's explicit use of the term secular stagnation in its World Economic Outlook, ECB president Mario Draghi's call for global coordination and greater use of fiscal policy, and Japan's indicated interest in fiscal - monetary cooperation, policymakers still have not made sufficiently radical adjustments in their world view to reflect this new reality of a world where generating adequate nominal GDP growth is likely to be the primary macroeconomic policy challenge for the next decade.

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).

ROP policies offer you a chance to hedge your bets, providing insurance protection for your loved ones during the term of the policy, while providing you with the ability to regain the money spent on insurance premiums if you outlive the policy payment period.

Flexibility of withdrawing your savings anytime during the Flexi benefit period by modifying your Policy Term while the Policy is in force.

While initial premiums are higher than with a typical term policy, it is possible for coverage to continue until death of the insured, and cash value may accrue in the policy on a tax - deferred basis that can be used to help meet financial needs during your life.

Some insurance contracts only allow «conversion» in the first few years of the policy, while others allow it at any point during the term.

Some insurance contracts only allow «conversion» in the first few years of the policy, while others allow it at any point during the term.

While some term policies feature increasing or decreasing premiums and benefits over time, these figures are fixed and won't be adjusted during the life of the term.

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.

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 best example of this is flight insurance - a term policy that covers you only while during the plane trip.

In case of demise of the Life Assured during the Policy Term, while the policy is in force, the nominee receives the highPolicy Term, while the policy is in force, the nominee receives the highpolicy is in force, the nominee receives the higher of:

While there are situations where whole life or another more complex type of policy could fit your financial plan, most families would be better off with a simple term life insurance policy that provides income replacement during their working years.

InvestoBite Replied: 28-08-2017 10:39:16 In your case, 750000 is death sum assured which is minimum guaranteed amount to be paid in case of death during policy term and it 250 times of monthly premium for all ages (up to 49), while maturity sum assured of this particular plan depends premium, term and age.

It pays only if death occurs during the term of the policy, which is usually from 1 to 30 years while Whole Life or Permanent Insurance pays «death benefits» when the policyholder dies or prior to «Maturity» (that may occur at age 120 for example).

If you should pass away while your policy is «In Force» meaning during the term of your coverage and the premiums are paid up - to - date, then the death benefit is paid to the person or persons you chose as your beneficiary.

Then, if you pass away during the «Term» of your policy, while the policy is «In Force», your loved ones receive the face value (death benefit) of your insurance policy.

(Note: In the event of death of the Life Insured while the policy is in force, during the policy term, subsequent to the Critical Illness claim, the Reduced Base Sum Assured (i.e. Base Sum Assured less Critical Illness Sum Assured) is payable and the policy gets terminated)

Flexibility of withdrawing your savings anytime during the Flexi benefit period by modifying your Policy Term while the Policy is in force.

A level term policy, the most common type, pays the same benefit amount if death occurs at any point during the term; while a decreasing term policy pays less the closer you come to the end of the term.

Convertibility: This option is available in some term policies during specific periods while others allow it for the life of the policy.