Sentences with phrase «effect for the policy holder»

Whole life insurance is a policy that remains in effect for the policy holder's entire life.

Not exact matches

While this is not strictly a fee, the effect of this policy is to charge account - holders who do not opt for automatic payments a fee.

For example, a «RE» line in insurance may tell the reader the date of the loss, the policy number, the name of the policy holder and the dates the policy is in effect.

This allows the policy holder to exchange coverage for any Principal permanent life insurance product in effect at the time.

Neither reducing coverage nor increasing your deductible is an ideal tactic for the policy holder, because each can have a negative effect when an incident does occur.

It added that the enhanced death benefit provided by HDFC Life to its policy holders with effect from April 1, 2012 shall be offered to all the policy holders who have opted for the products prior to April 1, 2012 also and shall be debited from the shareholders» account as and when these additional death benefits are settled.