Sentences with phrase «existing life policyholders»

Not exact matches

Longevity risk exists due to the increasing life expectancy trends among policyholders and pensioners, and can result in payout levels that are higher than what a company or fund originally accounts for.

However, an option now exists which enable policyholders to receive amounts more than cash surrender value by selling the policy on the life settlement market.

The paid up addition rider allows the policyholder to add coverage to an existing policy without having to prove insurability, which means there are no health questions or life insurance medical blood testing required.

The addition of this rider to the existing life insurance policy provides the policyholder an additional protection in case of an unfortunate accident.

It is expanding the Apple Watch program, launched last year, to all new and existing John Hancock Vitality life insurance policyholders.

A term conversion rider allows the policyholder to convert an existing term life insurance to permanent life insurance without a medical exam.

Return of premium life insurance exists to mitigate the disappointment that many traditional term life policyholders feel when they realize that they've outlived their policies and spent thousands of dollars that can't be recovered.

In this case, policies can be converted to universal life insurance coverage — and if the policyholder opts to do this, the new universal life insurance policy will be issued at the same underwriting class as the existing term plan.

Available only to existing American Family policyholders, the policy targets younger and first - time life insurance customers looking for a lower - cost policy.

SimplyProtected Term: Available only to existing American Family policyholders, the policy targets younger and first - time life insurance customers looking for a lower - cost policy.

A policyholder who is not properly guided by the existing life insurance company has the right to exercise the restoration of the existing policy within seven days from the receipt of the new one.

Knowing this, it is important that policyholders should take into careful consideration their existing beneficiaries and contingent beneficiaries on their personal life insurance policies (and again, other similar policies).

With the creation of such norms, IRDA aims to protect the long - term interests of life insurance policyholders and to prevent intermediaries forcing lapsing, surrendering or making paid - up of an existing life insurance policy with the goal of canvassing or soliciting a new life insurance policy on the same life.

A policyholder who is not properly informed by the current life insurance company has the liberty to exercise the restoration of the existing policy within seven days from the receipt of the new one.

[x] A term life insurance policy that allows the policyholder to continue coverage after the end of a specific existing term without presenting any substantiation for insurability.

Exchange Option: This option is available for existing policyholder under «Reliance Life Insurance Pay Five Plan» after completion of five policy years from the date of commencement.

This policy is best to use when you have enough money to pay significantly higher premiums (as compared to term life) in the beginning and you do not want to deal with investment choices, letting an insurer to invest for you.If the policyholder dies, family members (other beneficiaries) can use the funds for a variety of reasons, from paying off a mortgage, dealing with existing personal or business debt, etc..

The paid up addition rider allows the policyholder to add coverage to an existing policy without having to prove insurability, which means there are no health questions or life insurance medical blood testing required.

Assurity Life Insurance Company has existed for over 120 years, during which time it has provided both long term security to its life insurance policyholders and gaining the trust of thousands of customLife Insurance Company has existed for over 120 years, during which time it has provided both long term security to its life insurance policyholders and gaining the trust of thousands of customlife insurance policyholders and gaining the trust of thousands of customers.

The amount of life insurance coverage needed depends on the age of the policyholder, the number and age of dependents, and existing assets and liabilities.

Either way you will always get some payout on death benefit, while under a term life insurance policy, the possibility always exists that the policyholder will outlive their policy, and lose all of the money the paid in.

In the event of death of Life Insured due to an accident, the Sum Assured under the Rider will be paid to the Policyholder / nominee in addition to the Sum Assured under the base policy and the rider will cease to exist.

Sterling Life Insurance Company, North Little Rock • AR 2010 — 2011 Insurance Agent Responsible for processing sales leads and acquiring new Medicare product policyholders and servicing existing policy holders.