Sentences with phrase «end of the policy term when»

Option A offers 40 % of sum assured at end of the policy term when a child is 17 years, and then pays 30 %, 20 % and 10 % of sum assured in each subsequent year.

These plans are essentially of two types, Unit Linked Insurance Plans or ULIPs that provides returns based on market performance, and traditional endowment plans that offer a lump sum or annuity payout at the end of the policy term when the life insurance policy matures.

At the end of the policy term when the policy matures, the policyholder receives a lump sum that is equal to 50 % of the Sum Assured plus any declared Compound Reversionary bonus and Terminal Bonus if any.

If the policyholder survives until the end of the policy term when the policy matures, he or she receives 90 % of the Sum Assured as Survival Benefit.

Not exact matches

UKIP's rise really began at the tail end of Tony Blair's second term, when his Government's aggressive pro-Europeanism, liberal immigration policies and lack of interest in the domestic political priorities of working class voters became too much for some.

And when the term of the policy ends, the policy is normally renewable on an annual basis.

When the insured is age 70 — or at the end of the guaranteed period of level - premium — whichever occurs first, the insured is allowed to convert the level term life insurance policy over into a whole life insurance or a universal life insurance plan.

When this reaches an extreme, short - term interest rates are higher than longer - term rates, indicating market concern that the tightening of policy might end up pushing the economy into recession.

When the period of coverage ends for a Transamerica term life insurance policy, you can automatically renew coverage, but the policy turns into a 1 year term.

The good news is that many policies will give you the option to renew your policy when you reach the end of the term.

When your policy reaches the end of the term period, we'll be here to help.

Seven years of zero - interest rate policy ended on Wednesday, when the Fed slightly bumped up its target for short - term rates from a range of 0 % — 0.25 % to 0.25 % — 0.5 %.

With Rep. Waxman's (D - California) announcement that he will retire at the end of his current term, I'm reminded that, seven years ago today, I testified before this champion of climate science and policy when he held his first hearing as... Continue reading →

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Of course, if you do not want to convert the policy when it ends, then you will have to get a new term policy if you still want coverage.

The drawback with a term life insurance policy is that when you come to the end of the term, you have spent a lot of money over the life of the policy.

In every other case, when the insurance carrier finds that the insured is breaching the terms of the policy like driving the vehicle for purposes other than for personal use (i.e. delivery, newspaper route, or for business), the insurance company will not renew the policy, but coverage will remain in effect until the end of the policy period.

This means that no matter what your premiums is when you get approved for your policy, it will stay the same until the end of the term.

Lifelong Protection: If we consider a term life policy, it expires when the coverage ends and then one is left with the choice of buying a new policy or alternatively let it expire.

When the policy term ends, you may or may not qualify for new coverage based on your health, and based on your age, the cost of the premium may be too high to be affordable.

When the coverage period of a term life policy ends, you could face dramatically increased premiums or be required to go through underwriting.

When talking about the difference between term life insurance (where the policy ends after a set amount of time) and whole life insurance (which lasts for as long as you pay premiums, but is more expensive) there's a common piece of advice that you should «buy term and invest the difference.»

When you think of someone who needs a long - term disability insurance policy, you may think of someone who does a lot of physical labor and needs help making ends meet.

Most term life insurance policies come with a conversion feature built in, but it's good to be aware of so you know what options you have when the policy term ends.

If you have what's known as a Return of Premium Term life insurance coverage, then all the premiums paid into the policy will payout when it ends.

Further, while this type of life insurance is set to end when the term has completed, people still have the option of extending their insurance policy on a year by year basis.

A unique feature of the AIG term - life policy is the AG ROP Select - A-Term option where you can get money back when you reach the end of your policy term without a claim.

But, unless renewed, the insurance coverage ends when the term of the policy expires.

Renewable term insurance allows the owner of the policy to renew when the term ends regardless of his or her health.

When your policy's term ends, you will receive a guaranteed payout for your child of the amount pre-selected by you.

At the end of the policy term, conversion to a Vantis Life permanent life insurance policy is available, at an age when premiums are low.

Because of the stiff competition for product here, the savings female can expect go down when compared to the 15 year level term policies, maxing out at just 35.13 % on the high end.

When the initial «term» of a term life insurance plan ends and the policy holder opts to renew his or her coverage, the new policy will be underwritten at the then - current age and health condition of the insured.

When the period of coverage ends for a Transamerica term life insurance policy, you can automatically renew coverage, but the policy turns into a 1 year term.

A term life insurance policy ends or expires at the end of the policy term you choose when you take out your coverage.

This way, you start paying your premiums when the term begins and, at the end of the 10 year period, your payments will stop unless you choose to renew your policy.

If you are alive when the term of your term life insurance policy ends, your life insurance expires and no death benefit is paid out.

Insurance companies also provides the investment cum insurance plan in which the policyholder get the maturity value at the end of term of the policy i.e. benefit of your investment even when you are alive.

Option 3 — Anant survives till 5 years of age When the policy term ends and Anant is alive, no benefit is paid as it is a term plan.

When the insured is age 70 — or at the end of the guaranteed period of level - premium — whichever occurs first, the insured is allowed to convert the level term life insurance policy over into a whole life insurance or a universal life insurance plan.

Break In Policy - occurs at the end of the existing policy term, when the premium due for renewal on a given policy is not paid on or before the premium renewal date or within 30 days thPolicy - occurs at the end of the existing policy term, when the premium due for renewal on a given policy is not paid on or before the premium renewal date or within 30 days thpolicy term, when the premium due for renewal on a given policy is not paid on or before the premium renewal date or within 30 days thpolicy is not paid on or before the premium renewal date or within 30 days thereof.

When the term of the policy ends, the policy can still be renewed to a specific age, typically age 90 or 95.

Renewal Provision Spouse and Children's Insurance Rider Withdrawal Provision Accidental Death or Double Indemnity Rider Waiver of Premium Rider Family Income Benefit Rider Renewal Provision (a.k.a. Guaranteed Insurability Rider) When included in your life insurance policy, this provision guarantees the policy's renewability at the end of its term.

Non-renewal-This is when you or your insurance company does not renew your policy at the end of its term.

You can buy a 20 - or 30 - year term policy with the expectation that your kids will be able to provide for themselves by its end, and when you and your partner will also hopefully be reaping the rewards of prudent investing, not to mention Social Security and pensions.

On survival until the end of the policy term, when the policy matures, the policyholder receives the Maturity Benefit, which is 210 % of the premiums paid.

If it concerns you, then you must try to understand what changes your policy might go through when it nears the end of the term.

The Sum Assured on maturity is subject to one's age when the life was insured and is payable only on one's survival at the end of the policy term.

Case 1 (Survival Benefit): Mr Bose was quite regular when it came to paying all the Premiums of the Policy, and the best part is that he survived until the end of the Policy Term.

It is paid in lump sum when the policy holder survives till the end of the policy term and has paid all the premiums.