Sentences with phrase «entire policy premium»

If they are used to pay premiums, often times the dividend payment will eventually grow large enough to pay the entire policy premium.

Other reasons that customers with good credit may be more desirable include the increased likelihood that they will pay off the entire policy premium, and the decreased odds of them letting their policy lapse.

Not exact matches

Permanent life insurance refers to a set of life insurance policies that provide coverage for your entire lifespan, so long as premiums are paid.

Permanent life insurance covers you for your entire life so long as you continue to pay the premiums, and is a category that encompasses several distinct policies.

For example, if you currently have a high income but low retirement savings, you may choose to pay a larger annual premium for the first 20 years to make sure the policy is paid off then build up your savings, as opposed to paying a lower premium for your entire life.

Ask each group to determine the mathematical risk that a mudflow will occur in the area, to decide on a monthly premium and deductible for the policy, and to present the policy and its terms to the entire group.

Permanent life insurance refers to a set of life insurance policies that provide coverage for your entire lifespan, so long as premiums are paid.

Life insurance can be bought either as a permanent life insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of time.

While Globe Life advertises level premiums for the entire policy term (the length of coverage), the maximum term available is only 5 years and premiums increase each time you decide to renew coverage.

Term life insurance policies can be purchased to cover nearly any period of time, and will stay in effect for the entire period as long as you continue to pay the premiums (the cost of the policy, which can be paid on a monthly or annual basis).

The most common type of coverage is called level - premium term life; this type of policy allows you to lock in a specific rate for the entire length of your term.

Whole life insurance is a type of permanent life insurance policy that provides coverage for your entire lifetime, as long as you pay your premiums.

is a type of permanent life insurance policy that provides coverage for your entire lifetime, as long as you pay your premiums.

Unlike permanent life insurance policies which remain in effect for your entire life (assuming your premiums are paid on time), term life policies remain in effect for a specific term or period of time.

Since the plan also ensures that if he were to survive till the end of the policy term, he will receive all the premiums that he has paid over the entire term thus ensuring that he receives commensurate benefits for the premiums he invests whether it is in the form of the Death Benefit or Maturity Benefit.

30 - Day Money - Back Guarantee If you are not completely satisfied with your CoverMe Term Life insurance policy, you may return your policy to Manulife within 30 days of the issue date to have your coverage cancelled and your entire premium will be promptly refunded.

A 15 pay whole life policy provides coverage that lasts your entire life with premiums due for 15 years.

If you are not completely satisfied, you may return your policy to Manulife within 30 days of the issue date and your entire premium will be promptly refunded.

Premiums are level for the entire length of coverage and you can purchase a policy with no medical exam if the death benefit isn't greater than $ 400,000.

Pay - in - full Discount: By paying your entire premium for the full term of your policy, you can save money by avoiding installment expenses that GEICO charges for paying month to month.

For example, if you currently have a high income but low retirement savings, you may choose to pay a larger annual premium for the first 20 years to make sure the policy is paid off then build up your savings, as opposed to paying a lower premium for your entire life.

Permanent life insurance covers you for your entire life so long as you continue to pay the premiums, and is a category that encompasses several distinct policies.

With the company's Guaranteed Level Premium Term Life Insurance option, the premium amount that is charged will remain the same throughout the entire period that the policy is in force.

This is a great feature as it means you don't have to pay higher premiums over the entire term of the policy if you only need more coverage for a short period of time.

No more lapses As the policy premium is single and is paid up in a lump sum, therefore, you do not have to stress over policy getting lapsed in a case of premium non-payment hence, making the policy valid for the entire policy term, which creates a good cash value while you render policy benefits in the end.

With level term life insurance, your policy premiums remain the same for the entire term length.

The guarantees offered with whole life policies are a guaranteed level premium, guaranteed death benefit for your entire life and guaranteed cash value accumulation.

As with a traditional term life insurance policy, the premiums you pay are guaranteed to stay level for the entire term of your policy.

A con to stand alone policies is the premiums are not fixed, and can be raised if the company decides to raise the premiums on an entire class or group.

This is the policy that protects the entire apartment structure; the building management is responsible for it and its premiums come out of your maintenance fee or association dues.

Guaranteed Rates: A life insurance policy provision that guarantees the premium rates will not change during the entire term of the policy.

Please let me know that monthly income advantage plan offered by Max Life in which after paying 12 annual premiums will get a monthly income for next 10 years & get a lump sum amount (equal approximate the premiums paid in 12 years in the beginning) plus approx. 14.5 times death benefit for the entire policy term i.e. 22 years.

As with a regular term life insurance policy, the premiums you pay are guaranteed to stay level for the entire term of your policy.

Protection for your entire life (provided premium payments are timely made to keep the policy in force)

The premium for this type policy is generally fixed for the entire term.

Our term policies are called «fixed» term policies, which means the premiums are fixed for the entire life of the policy.

Regular Premium Payment Term is suitable if Policyholder wishes to invest and accumulate money for more number of years, as premiums are to be paid for the entire Policy Term.

Permanent policies last your entire life assuming you pay your premiums on time and in full.

Permanent policies remain in effect for your entire life, as long as the premiums are paid on time and in full.

At the end of the Policy Term which also is 12 years, he receives the entire premium that he has paid till the end of the Premium Payment Term.

This type of policy, which covers someone for their entire life provided the premiums are paid, differs from term insurance, which covers someone for a defined period of time (after that set time term insurance policies usually have provisions for continuing coverage, albeit at higher premiums).

While the premiums can be fairly pricey, the protection lasts your entire life and the policy will accumulate cash value that can be borrowed against.

Yet, over time, while an insured who owns term life coverage may need to renew at a higher premium rate, a whole life insurance policy holder will retain the same premium expense throughout the entire life of the policy.

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

Here, if the insured survives throughout the entire period of the policy, he or she can receive back all of the premiums that they paid into the policy.

The main differences between term and permanent life insurance are that permanent life insurance is in force for your entire life (as long as you pay the premiums) instead of a certain «term,» and permanent insurance accumulates cash value over the life of the policy.

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.

With some types of whole life insurance products, the premiums remain the same throughout the entire policy.

With these policies, if you keep the policy in force for the entire term, say 20 years, the insurance company will refund the premium payments you made over that 20 - year period.

Typically, your entire unused premium will be refunded, though some insurance companies will charge a fee if you cancel in the middle of the policy term.