Sentences with phrase «dying during the term»

One of the key differences to understand is that while you can purchase much more term life insurance than permanent insurance for your money, if you don't die during the term, your favorite charity won't receive any death benefit.

If you die during the term, the death benefit can help pay off the mortgage.

If you don't die during the term of coverage, the insurer will return a percentage or the entire amount of premiums paid.

However, depending on the cost, you may do better financially to save and invest the difference (plus the money would be available to you at any time and to your family should you die during the term, instead of locked up in the policy).

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

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 you don't die during the term, your beneficiary will receive nothing.

This strategy was aided, in highly personal terms, by the outgoing Democratic Governor, Barbara Roberts (whose husband died during her term of office) and by the widow of former Republican Governor Tom McCall (a totemic figure for many Oregonians).

Take life insurance as an example: you pay for a policy, and if you die during the term then that money (the death benefit) goes to the person you named as your beneficiary on the policy.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

If you buy a life assurance policy you make small regular payments to your life office and, should you unfortunately die during the term, they send you a big cheque.

If you don't die during the term, the policy terminates at the end of the term.

If you die during the term, a death benefit is paid out.

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 policyholder dies during the term — and he or she has paid the premiums on time and the policy is in good standing — the beneficiaries listed in the policy will receive a death benefit.

You pay a monthly premium - $ 500,000 of coverage for a twenty - year term will cost around $ 30 per month for a healthy male in their mid-30s - and, in return, your survivors will receive a tax - free lump sum of money if you die during the term.

Term life insurance is more straightforward: you purchase a policy for a set term, and if the policyholder dies during that term, the beneficiary receives a death benefit.

Return of premium term life insurance is the only type of term life insurance in which you get a refund of your paid premiums if you do not die during the term.

Term premiums are inexpensively priced, because the insured is not expected to die during the term period.

The policy pays benefits only if the insured dies during the term.

Life insurance pays your beneficiaries a substantial cash benefit should you die during the term of the policy — essentially protecting them against the risk that you might die prematurely, placing them in financial jeopardy.

When you purchase a Return of Premium (ROP) life insurance policy, if you die during the term, your beneficiaries receive the death benefit.

If you die during the term, the life insurance death benefit payout goes to your beneficiary.

If you die during the term of your life insurance policy, or you are diagnosed and are eligible to claim for a terminal illness, a lump sum will be paid.

Most life insurance applications include a medical exam to help the carrier assess your risk of dying during the term of the policy.

The higher a risk you are to insure, the more likely you'll die during the term of your policy, and the higher your premiums are going to be.

If you die during the terms of the contract, your named beneficiary will receive a million dollar lump sum payment from the insurer.

Non-smokers pay a lot less than smokers, because they're a lot less likely to die during the term.

These plans offer protection for a specific period of time and the benefits are only available if the policyholder dies during the term.

A term policy carries no cash value and only pays out if the policyholder dies during the term.

Your beneficiaries would receive the death benefit (policy face amount), if you would die during the term.

The policy does not build cash value and if you don't die during the term, the policy ends and you do not get any money back unless you chose a return of premium rider.

Term life insurance policies pay the beneficiary the face amount of the life insurance policy if the insured person dies during the term of the policy.

When you purchase a term policy, you enter an agreement with the insurance company: If you die during the term, your beneficiaries receive the full amount of the policy.

Because with term insurance, you're generally just paying for the death benefit, the lump sum payment your beneficiaries will receive if you die during the term of the policy.

If you die during that term, your beneficiaries get a payout, known as the death benefit.

Basically you pay an agreed upon premium, and if you die during the term of your policy, the insurance company will pay out the death benefit - subject to the policy terms, of course.

ROP guarantees your beneficiary will receive a death benefit should you die during the term life insurance policy.

If the customer does not die during the term, they receive no benefit from having purchased the policy.

It provides protection for a specific period of time (the «term») and generally pays a benefit only if you die during that term.

Life insurance for elderly people costs substantially more as they are at a greater risk of dying during the term.

If the life insurance premium has been paid for a minimum term of two years, and if the insured dies during the term of the life insurance policy.

The policy pays benefits only if the insured dies during the term.

Life — Endowment - insurance that pays the same benefit amount should the insured die during the term of the contract, or if the insured survives to the end of the specified coverage term or age.

Your beneficiaries would receive the death benefit (policy face amount), if you would die during the term.

It provides protection for a specific period of time (the «term») and generally pays a benefit only if you die during the term.

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

This is a little grim, but here's how it works: the formula approximates the probability that the policyholder will die during the term, based on the policyholder's age, health and other risk factors.

The higher a risk you are to insure, the more likely you'll die during the term of your policy, and the higher your premiums are going to be.

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.