Sentences with phrase «face amount decreases»

Protective has a unique term life policy that allows you to keep your policy after the term is over at the same price, just the face amount decreases.

In this case the face amount decreases as the balance owed decreases.

Decreasing term insurance is therefore a term life insurance policy in which the face amount decreases yearly but the premium remains the same.

Face amount decreases within the first seven years of an exchanged may result in MEC status.

Face Amount increases may require additional underwriting and Face Amount decreases may be subject to surrender charges.

Also, Protective Life has a revolutionary product that acts just like a term policy during the level term period, but unlike a traditional term policy, Protective Life's policy rate does not increase when the term ends, just the face amount decreases.

The second option, decreasing term life insurance, also provides a fixed premium and typically allows the same term length options as level term, but the face amount DECREASES over time.

The difference between level and the decreasing term, is with decreasing term the face amount decreases (goes down) as time passes.

As we mentioned above, that is not the case with decreasing term, where the face amount decreases over the policy's life.

Once the initial fixed benefit period ends, the policy's face amount decreases, but the premium payment remains the same.

Once the face amount decreases to $ 10,000, the premium will begin to increase.

Face Amount increases may require additional underwriting and Face Amount decreases may be subject to surrender charges.

Not exact matches

The rear - facing car seat's anti-rebound bar extends up toward the back of the vehicle seat and limits the amount of motion possible in case of an... MORE accident therefore decreasing the amount of motion for the baby's head and body.

The harness straps should be positioned at or above the child's shoulders when forward facing to most effectively decrease the amount of distance the child will travel when propelled forward and to limit the forces on the child's spine and shoulders

Scientists have been warning that decreasing amounts of available oxygen will increase stress on a range of species, even as they also face the effects of rising temperatures and ocean acidification.

«Records has helped us decrease the amount of face - to - face time that our technicians have with new hires from a couple of hours to about 30 minutes,» Jason said.

«Specifically, when faced with increased accountability pressure, schools appear to focus on low - performing students, lengthen the amount of time devoted to instruction, adopt different ways of organizing the day and learning environment of the students and teachers, increase resources available to teachers, and decrease principal control,» the study said.

With a decrease of the face amount, the main advantage is that premium also decreases proportionally.

You can also increase or decrease the face amount of your coverage2 and vary the frequency and amount of your premium payments1 to best meet your individual and business goals.

The total guaranteed death benefit is the total face amount guaranteed assuming no dividends were used to purchase paid - up additions, which could actually decrease the death benefit over time.

Many individuals today are facing the loss of a job, the loss of hours, or a decrease in the amount of pay they are taking home.

The effect is measurable: for example, reduced runoff from snow melt has caused an annual 5 percent decrease in the amount of water entering the Colorado River, which experts say already faces the risk of significantly drying up.

In a decreasing policy, the face amount will decrease as time goes by.

Moreover, the face amount of death benefit is also flexible and you can increase or decrease it with regard to your current financial opportunities.

Level Or Decreasing Term Insurance: Within the level policy, you will have the same face amount for the complete period.

The level premium period may be extended beyond the initial level benefit period, however the face amount will begin to decrease annually until it reaches $ 10,000, at which point premiums will begin to increase.

The face amount under mortgage protection term insurance decreases over time, consistent with the projected annual decreases in the outstanding balance of a mortgage loan.

With decreasing term, the face amount of the life insurance policy will decrease along with the outstanding balance of the borrower's home mortgage.

However, the cash value, along with the face value, can increase or decrease the amount payable to the beneficiary upon the insured's death.

However, the face amount will begin to decrease annually until it reaches $ 10,000, at which premiums will begin to increase.

Once the policy term expires the coverage continues at the same price with a decreasing face amount.

Also, both permanent and term policies, within limits, allow you to decrease the face amount of coverage without underwriting.

If you find you need less coverage than expected, you can decrease the face amount on the 30 - year policy or allow it to lapse.

The face value amount of the insurance policy typically will decrease as the balance of the debt goes down — until both reach zero.

Other occasions where the rider ends automatically would include decreasing the face amount or terminating the policy.

Many increase as much as 300 %, but there are some life insurance companies whose term product only increases a small amount, while some companies keep the premium the same but decrease the face amount.

The face amount, and thereby the death benefit, can change for a number of reasons but it is much more difficult to increase a death benefit substantially than to decrease it in most circumstances.

The beneficiary is usually your spouse, and as the mortgage decreases, your spouses face amount grows.

The death benefit on mortgage life insurance will decrease over time, with the face value always being approximately equal to the payoff amount of the mortgage.

If premiums are increased, some policies let you decrease the face amount of coverage so that you can continue to pay the original premium.

For example, the initial face amount of coverage of a $ 200,000 decreasing term life insurance policy decreases by $ 20,000 each year, until after 10 years the face value of the policy equals zero.

Decreasing term insurance is generally not a great deal, because the premium will remain the same, but the face amount will lower over time.

A: The face amount under mortgage protection term insurance decreases over time, consistent with the projected annual decreases in the outstanding balance of a mortgage loan.

On the variable basis, face amount and cash value are specified in units, and the value of the units may increase or decrease depending upon the investment results.

The face amount is usually level as well except in the case of the decreasing term policy which is used to cover the balance owed on a mortgage.

In addition to these carrier specific limitations, the vast majority of life insurance companies will not allow you to decrease your policy's face amount, which is also known as the death benefit, to less than $ 100,000.

Some life insurance companies will only allow you to decrease the face amount of your policy once, while others may prohibit you from decreasing your policy until you have had the policy for at least three years.

The face amount of the policy decreases each year as the balance owed decreases.

The face amount, or death benefit of the policy also decreases each year as the need for this decreasing term life insurance decreases.

The face amount of the decreasing term policies decrease every year as the balance owed decreases.