Sentences with phrase «elements of your insurance policy»

Consider the following elements of an insurance policy.

When you get down to specific elements of your insurance policy like bodily injury liability limits, that's when things can get really confusing.

Don't Need to Compromise on Your No Claim Bonus - No Claim Bonus is the most alluring element of an insurance policy, which is a bonus for the policyholder for every claim - free year.

Not exact matches

While some elements of homeownership, such as mortgage interest, may be partially tax deductible, the premiums you pay for a home insurance policy are treated similarly to any other personal expense related to your home, such as a utility bill.

Another insurance - related tax perk that people without access to traditional group health coverage should be aware of is the health savings account, which combines a tax - advantaged savings element with a high - deductible health insurance policy.

While condo associations must carry a certain amount of their own insurance, these policies often won't cover damage to your personal property, your personal liability or damage to your condo's structural elements.

Life insurance premiums are one of the core elements of a life insurance policy, so it's important to understand what they are, how they work, and what they mean for your budget.

If you were under 25 when you were sold the MTA CCI insurance, you can get a refund for the cost of the life and trauma element of the insurance (unless you choose to keep the policy).

A homeowner's insurance policy is typically comprised of four main elements that offers financial protection when bad things happen.

A variable universal policy brings many of the benefits of other universal life types, including flexible premiums, and includes an annually renewable term life element to provide permanent life insurance.

Whole life policies can be selected as part of your overall financial plan, but because you are not only paying for the life insurance premium in a whole life policy, but are also paying for a «savings» element, the cost will be more.

The first thing you should know is that a GUL policy is really a hybrid type of life insurance that contains elements of both Term insurance and Permanent insurance.

Not only are there different types of life insurance to choose from, each policy has elements to it that should be carefully considered.

The cost of insurance for the renewable term element inside a universal life insurance policy can be high in later years, but some companies reduce the cost of insurance by paying the death benefit to beneficiaries over an extended period of 30 years.

Whole life or permanent insurance provides coverage for your entire lifetime and has a savings element that builds cash value over the life of the policy.

If you're considering auto insurance coverage for your business, it's important to understand the basic elements of a commercial auto policy.

The Whole Life Insurance policies of the second type, so - called participating policies, usually offer a non-guaranteed cash value element made up of dividends which the company shares with its policyholders.

In addition, there are universal life insurance and variable life insurance policies which offer a combination of term life insurance and a savings element.

Expense Charge A monthly charge paid to an insurance company based on various elements of the policy such as insured's attained age, original rate class, etc..

If you have high - risk elements to your home such as a swimming pool or trampoline, an umbrella insurance policy probably makes sense in the event of an accident.

It combines elements of Traditional Life Insurance, Accidental Death and Dismemberment coverage, and Long - Term Care protection under one policy that offers guaranteed coverage over the duration of your tenure in the military.

Life insurance premiums are one of the core elements of a life insurance policy, so it's important to understand what they are, how they work, and what they mean for your budget.

The table below contains most of the major elements of any life insurance policy, and whether each one applies to term, whole life or both.

Thus, insuring yourself and your family by a health insurance policy is mandatory and should be a certain element of your financial plan.

Due to a continuously evolving and creative criminal element, there are other forms of Fidelity / Crime insurance coverage which may be added to your policy as extensions or endorsements.

A universal life insurance policy is a unique combination of life insurance protection, policy options, and cash value building elements.

One of the trickiest elements is figuring out whether an unrelated driver living in your household needs to be listed on your car insurance policy.

A whole life insurance policy has both a death benefit and a cash value component, with the cash value portion being further broken down into two separate elements — one where the cash value grows on a pre-determined basis during the life of the policy and another non-guaranteed element that is made up of policy dividends or excess interest.

The universal portion means that premiums are flexible and the components of the life insurance policy (death benefit, savings element and premium) can be altered throughout the contract.

A whole life policy has two elements: the mortality charge, the part of your premium that pays for the insurance coverage, and a reserve, the investment component that earns interest.

However, if you get a return of premium term life insurance policy it does have a savings element since the idea is to get all your payments back at the end of the term if you didn't use the policy.

Assuming you can satisfy all the different risk elements listed above, what is the most efficient process of getting quotes for the cheapest term life insurance policies?

However, before you move forward with the purchase of a life insurance policy, there are several essential elements to keep in mind.

The policy effectively combines elements of investing and elements of traditional insurance into one financial product.

Premiums inside a universal life policy are split between two different areas: the savings element and the cost of insurance.

Cash surrender value applies to the savings element of whole life insurance policies payable before death.

While some elements of homeownership, such as mortgage interest, may be partially tax deductible, the premiums you pay for a home insurance policy are treated similarly to any other personal expense related to your home, such as a utility bill.

A monthly charge paid to an insurance company based on various elements of the policy such as insured's attained age, original rate class, etc..

Generally applicable to current assumption policies such as equity indexed, variable and universal life, cost of insurance charges are monthly charges for mortality and other elements of insurer expense that are assessed against the policy based on the insured's current age, the original rate class, and the current net amount at risk.

Traditional Insurance is closer to Protection: Right from the sale when the premium is a function of the sum assured to the bonus declaration which also adds to increased growth of protection component within the policy, traditional insurance is closer to protection than ULIPs wherein protection element of the policy, in most cases is more or less constant or subject to vagaries of the market and fuInsurance is closer to Protection: Right from the sale when the premium is a function of the sum assured to the bonus declaration which also adds to increased growth of protection component within the policy, traditional insurance is closer to protection than ULIPs wherein protection element of the policy, in most cases is more or less constant or subject to vagaries of the market and fuinsurance is closer to protection than ULIPs wherein protection element of the policy, in most cases is more or less constant or subject to vagaries of the market and fund value.

Elements Level Term is a term insurance policy with guaranteed level premiums for your choice of 10, 15, 20, or 30 years.

Universal life, sometimes referred to as «UL,» is a life insurance policy that combined elements of term insurance with elements of permanent (sometimes called «whole life») insurance.

Aside from the required elements of a Mount Vernon vehicle insurance policy, car owners in town can also add many additional optional endorsements to protect themselves better and to add value to their coverage.

If your Florida renters insurance policy does not include wind, there's obviously an element of risk that you retain.

According to life insurers, money back policies fit perfectly in the scheme of things of traditional investors who seek financial instruments that provide insurance and investment, with a low risk element and guaranteed returns

Part of your premiums pay for the insurance element of the policy and part goes to the investment part.

A deductible amount is a standard element of any vehicle insurance policy.

In some cases, whole life insurance policies may also offer a non-guaranteed cash value element that is made up of policy dividends or excess interest.

There are a plethora of insurance policies available that cover different elements of risk caused by injury or death.

Since this element is not there in the insured amount, the premium for term insurance is less than that of other insurance policies.