Sentences with phrase «entire duration of your 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 premium rate on this term life coverage will be locked in for the entire duration of the policy.

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.

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.

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.

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

Not exact matches

Gerber offers 10, 15, 20 or 30 - year term policies, and, the premiums are level for the entire duration of the term you choose.

Waiver of Premium: A particularly effective rider for business owners under the age of 60, the WoP rider kicks in if you are disabled, waiving all premiums due on your policy for the entire duration of the coverage, or until you are no longer disabled.

Backpackers usually travel for an extended period of time, and a standard travel insurance policy will not be sufficient to get them covered for the entire duration of their trips.

A single trip policy provides coverage for the entire duration of a trip, and it can not be used again after the trip.

The single trip travel insurance policy provides coverage for an individual for the entire duration of the trip, and it is particularly suitable for travelers who are making trips only once or twice a year.

Decreasing payoutsHow insurance premium is calculatedis influenced by whether you opt to have the quantum of protection decrease year after year, or whether you decide on having a fixed amount of cover for the entire policy duration.

And, with each of these term life plans, the premium rate will be locked in for the entire life of the policy duration.

Premium remains same for the entire duration of the base policy and therefore tends to be cheaper than an indemnity plan or comprehensive health plan.

Whole Life policies are in force for the entire duration of the insured's life.

All of our term policies have guaranteed level premiums for the entire duration of the term, including and up to guaranteed 30 year term life insurance.

Whereas a term policy may be a good option for someone who is covering a «temporary» need, permanent life insurance, such as a whole or universal life policy, could be better for an individual who plans to keep the policy in force for the duration of his or her entire lifetime.

The difference is that instead of offering a locked - in amount of coverage that lasts over the entire term — the duration of the policy — the coverage decreases in value at a set rate.

With a level term policy you'll pay a fixed premium for the entire duration of the term, so you won't have to worry about surprise premium increases.

This policy has a guaranteed level death benefit that remains level for the entire 20 year duration that can be paid out either in a lump sum or in the form of a monthly income when the insured dies.

The phrase «level term» refers to the fact that the cost is the same every year for the entire duration of the guaranteed portion of the policy.

The term of the policy is chosen to be 40 years and Anant chooses to pay premiums for the entire duration of the plan.

Premium remains same for the entire duration of the base policy, and therefore tends to be cheaper

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

Premiums under the plan can be either paid for the entire duration of the plan under the Regular Pay option of premium payment or in one lump sum at the inception of the policy under the Single Pay option of premium payment.

The policy provides coverage for the duration of the entire life, or ninety nine years to be precise.

If the policyholder outlives the duration of the LIC Bima Bachat policy, he / she receives the entire single premium (excluding extra premium) along with loyalty additions, if any, at the time of maturity.

If you need to take one or two trips in a year, then you can buy a single trip travel insurance to cover yourself for the entire duration from the date of purchase of policy to until trip ends.