Sentences with phrase «entire duration of the policy»

The no lapse guarantee may not be included for the entire duration of the policy, so make sure you understand the fine print.

In contrast, whole life provides fixed premiums for the entire duration of the policy.

It is the amount which the insurance company pays to the policy holder on the completion of the Policy Term, if the Life Insured has survived the entire duration of the Policy.

It is important to emphasize the fixed death benefit and premium payment for the entire duration of the policy.

An endowment life insurance plan is a kind of insurance policy where the premium is paid for the entire duration of the policy and when it matures, the policyholder receives a lump sum amount of money.

Being a pure Term Insurance Plan, no benefit will be payable to the life insured on maturity of this LIC term plan if he or she survives the entire duration of the policy

Plus, when you buy young, you lock in premium rates for the entire duration of the policy, so you'll still be paying the same low price decades later.

The first, named the WealthSure LifeTM, is a single premium life insurance policy, meaning the premiums for the entire duration of the policy are due upon approval.

The premium rate on this term life coverage will be locked in for the entire duration of the policy.

In addition to providing death benefit protection, the Select - a-Term policy also offers the ability, through the AG ROP Select - a-Term option, to have the paid - in premiums returned, should the insured survive the entire duration of the policy.

The simple whole life insurance policy can be a good life insurance policy option for those who want to obtain permanent life insurance coverage without the need to take a medical exam, and for those who want coverage with premium that are locked in for the entire duration of the policy.

Premiums are level for the entire duration of the policy, and can be issued up to age 60 (max age of 55 for 20 year duration).

Both have premium payments with level benefits which last for the entire duration of the policy.

One type — level term — will keep the face amount (death benefit) of the policy the same throughout the entire duration of the policy.

You pay the same amount of premium each year (or monthly) and the amount of insurance coverage remains the same for the entire duration of your policy.

The annual premium, or «rate», for a term life policy is determined at the time you purchase coverage and set for the entire duration of your policy term.

In addition, since your term life rate is locked - in for the entire duration of your policy, the insurance company can not pass along increased claims or operating costs in the form of higher premiums.

Plus, if you go with a level term life insurance policy, the amount of the policy's death benefit, and its premium cost can remain the same throughout the entire duration of the policy.

It has premiums that stay the same each year for the entire duration of your policy, and your amount of coverage stays the same, too.

The insurance premium is guaranteed not to increase for the entire duration of the policy period.

Except for one, all term policies have a level death benefit for the entire duration of the policy... it never decreases.

Some policies also offer free regular cancer check - ups during the entire duration of the policy term.

In contrast, whole life provides fixed premiums for the entire duration of the policy.

The base premium amount remains constant during the entire duration of the policy and only the tax component can change and will be as per the prevalent Tax laws.

Some insurance policies also offer free regular cancer check - ups through the entire duration of the policy's term.

This is because once you purchase a term life insurance policy, your approved rate class and age of purchase is set for the entire duration of your policy.

For example, level term life insurance offers premiums that are guaranteed to remain the same each year for the entire duration of your policy term - 10, 15, 20 or 30 years.

The annual premium, or «rate» for a term life insurance policy is determined at the time of purchase and set for the entire duration of your policy.

Simplified life insurance is a form of term life insurance with premiums that remain level for the entire duration of your policy.

In addition, the amount of life insurance provided by your term policy remains the same for the entire duration of your policy.

Important Points: Your life insurance rates are guaranteed for the entire duration of the policy.

Your term life plan is guaranteed to last for the entire duration of your policy term, as long as the premiums are paid on time.

The cheapest type of term life plan is level term life insurance which offers premiums that remain the same each year for the entire duration of your policy.

If you purchase level term life insurance your coverage amount is guaranteed to remain the same for the entire duration of your policy, up to 30 years.

Return of Premium - Under this policy rule, the premium amount associated with the policy is higher than the regular premium; and the premium paid during the entire duration of the policy is paid back if the assured survives the policy term.

It is the amount which the insurance company pays to the policy holder on the completion of the Policy Term, if the Life Insured has survived the entire duration of the Policy.

This clearly shows the various charges applicable for the entire duration of the policy.

The premium calculation is based on your current smoking habits and stays constant during the entire duration of the policy.