Sentences with phrase «face amount of the policy in»

It pays the full face amount of the policy in case the insured dies within the term (coverage period), but pays nothing if the insured outlives the policy.

It is a rather straightforward contract that specifies insurance coverage of the face amount of the policy in exchange for scheduled premium payments.

Not exact matches

Your company's travel policy and the proximity of each team member may dictate the amount of face - to - face opportunities, but go to all reasonable lengths to be in front of each team member on at least a few occasions throughout the year.

The Congress faces an array of policy choices as it confronts the challenges posed by the amount of federal debt held by the public — which has more than doubled relative to the size of the economy since 2007 — and the prospect of continued growth in that debt over the coming decades if the large annual budget deficits projected under current law come to pass.

For example, if you are in a car crash and lose your sight in one eye due to a head injury, an AD&D policy would pay out a portion of your policy's face amount to help you pay for medical expenses or simply to help you get back on your feet.

«By implementing a new policy of issuing a summons rather than arresting New Yorkers for possessing small amounts of marijuana, the mayor and commissioner have taken a significant step towards ensuring fewer New Yorkers face the consequences that arrest records bring,» Mr. Torres said on November 10 in a joint statement with Councilmen Carlos Menchaca, Donovan Richards and Antonio Reynoso — all of whom came out today in support of the Right to Know Act.

In the face of bureaucratic hostility, endless second - guessing about discipline and various school policies, and a bizarre amount of vitriol, the Success Academy earned the Broad Prize for Pubic Charter Schools (Full disclosure: I'm a member of the Broad Prize review board).

The owner's policy safeguards the buyer's investment or equity in the property up to the face amount of the policy.

The face amount of the policy is payable only if death occurs during the time stipulated in the contract.

Extended Death Benefit Guarantee — 50 % of your policy's face amount is guaranteed as long as your policy is in force

In addition, convertible term life insurance allows you to convert all or a portion of your face amount to a permanent policy.

Changes in the Death Benefit Option may result in changes to the policy's Face Amount and may require evidence of insurability.

When purchasing life insurance coverage, it is important to determine what type of policy — as well as how much in death benefit (face amount)-- will be right for you and your survivors.

This «living benefit» allows the insured to receive 75 percent of the policy's face amount in advance — up to a maximum dollar amount of $ 750,000 — in the event of a terminal illness diagnosis that will likely result in death within 24 months.

If death is by accident, some carriers will pay the full face amount, regardless of the in force policy graded period.

Policies are available in face amounts typically ranging from several thousand dollars up to a maximum of $ 50,000 or $ 75,000 — much less than a standard life insurance policy.

Face amount The face amount of the policy is the amount of the death benefit as stated in the polFace amount The face amount of the policy is the amount of the death benefit as stated in the polface amount of the policy is the amount of the death benefit as stated in the policy.

An optional add - on life insurance benefit that allows the insured to receive partial payment of the policy's face amount before dying in the case of terminal illness or injury.

Three of the top factors used in evaluating a policy include the face amount (death benefit), the amount of premiums due each year on the policy, and the life expectancy of the insured.

The influencing of policy in re global warming faces a huge amount of inertia, but principles of risk mitigation tell us that we should be aggressive about shifting policy to avert possible threats, the opposite of what results from that inertia.

In the face of mounting support for clean coal and the billions being invested in carbon capture and storage, or C.C.S., technology, a new assessment from the University of Toronto's Munk Center for International Studies has a stern warning for policy - makers: there could be dramatic unintended environmental consequences to sequestering huge amounts of carbon dioxide in the earth's mantlIn the face of mounting support for clean coal and the billions being invested in carbon capture and storage, or C.C.S., technology, a new assessment from the University of Toronto's Munk Center for International Studies has a stern warning for policy - makers: there could be dramatic unintended environmental consequences to sequestering huge amounts of carbon dioxide in the earth's mantlin carbon capture and storage, or C.C.S., technology, a new assessment from the University of Toronto's Munk Center for International Studies has a stern warning for policy - makers: there could be dramatic unintended environmental consequences to sequestering huge amounts of carbon dioxide in the earth's mantlin the earth's mantle.

When an insured defaults on his / her obligation to remit payment of a premium, and the policy lapses as a result, the policy may acquire a paid up value such that the face amount of coverage under the policy is reduced in proportion with the number and amount of premiums paid until the date of default.

In other words, the plaintiff in an insurance bad faith case may be able to recover an amount that is much larger than the original face value of the policIn other words, the plaintiff in an insurance bad faith case may be able to recover an amount that is much larger than the original face value of the policin an insurance bad faith case may be able to recover an amount that is much larger than the original face value of the policy.

A level death benefit means the face amount of the policy is in force from day one.

The face amount of a standard burial insurance policy will usually be in the range of $ 5,000 to $ 25,000 — although some insurance carriers will offer these types of policies with a higher amount of coverage.

With these policies, if the insured passes away due to natural causes, the policy beneficiary can receive 25 percent of the policy's face amount in year one, and 50 percent of the face amount if the insured passes away during the second year of being covered by the plan.

This rider offers an accidental death benefit that is equal to the policy's face amount — and pays out in addition to the whole life insurance benefit if the insured dies as the result of a covered accident.

Policies are available in face amounts typically ranging from several thousand dollars up to a maximum of $ 50,000 or $ 75,000 — much less than a standard life insurance policy.

When you are trying to figure out what you will receive in terms of face value for the policy, the face value is the amount of the death benefit provided.

Generally these can be taken under one of three possible non-forfeiture options: (1) surrender for full cash value; (2) use of the cash value to purchase reduced paid - up life insurance; and (3) use of the cash value to purchase extended term insurance in the full face amount of the original policy for as long as the cash value will pay net premiums.

Candidates for life settlements are typically 65 or older and own a life insurance policy with a face amount in excess of $ 100,000.

Currently, the average face amount of a burial policy is $ 10,000 in protection.

If you are interested in a policy with a lower face amount to take care of debts and costs associated with dying, there is a very high chance you can qualify for a simplified - issue final expense policy with underwriting.

This policy is offered to those who are between the ages of 45 and 80, and the face amounts that are offered can range between $ 2,000 and $ 20,000 in coverage protection.

The policy includes an accelerated death benefit, which provides up to $ 500,000 or 75 % of the face amount in advance if the insured is diagnosed with a qualifying terminal illness.

Policies of this type are generally available to folks over 50 years of age, and are sold in relatively small face amounts of $ 10,000 to $ 25,000 dollars.

The death benefit in the IUL equals the face amount of the insurance policy plus the growth of the funds in the cash account.

While ordinary Permanent Life insurance is typically purchased in much larger benefit amounts (i.e. six - figures or more), a Final Expense policy tends to be issued in face amounts of $ 2,000 to $ 50,000 (these amounts vary, depending on the insurer).

The policy offers a $ 25,000 minimum face amount if you are 60 and older and is one of the most affordable Guaranteed UL policies in that age range.

If you are 65 or older or have had a change in health and the face amount of your life insurance policy is at least $ 100,000, your policy may qualify for a life settlement.

PlanRight Graded Benefit: If death occurs in first two years, the policy pays out 30 % of face amount in year one and 70 % of face amount in year two.

An optional add - on life insurance benefit that allows the insured to receive partial payment of the policy's face amount before dying in the case of terminal illness or injury.

You can cover yourself with Term life insurance for the greater face amount and then have a smaller Universal life policy for the long haul when many of your financial liabilities are no longer present later on in life.

Ability to use a portion of your policy face amount while you're still alive, replacing lost income and providing for in - home care should you suffer a «Terminal», «Critical» or «Chronic Illness».

In many cases, however, the premium will not be overly costly, as the face amount of these policies is oftentimes fairly low.

Level benefit means once the policy has been issued, the insured's beneficiaries are eligible for the full face value immediately after death of the insured occurs with no reduction in the face amount otherwise known as the death benefit.

Life insurance rate quotes referenced in our materials are based on a composite of participating carriers» best - published monthly premium rates for 10 - year, term life policies with face amounts of $ 250,000 and $ 500,000 as of 12/30/2016.

If you no longer need the policy you can choose to surrender the policy in year 20 for 50 % return of premiums paid, or in year 25 and receive 100 % of premiums paid up to 40 % of the face amount.

Even if they died in an accident during this time, they would be paid the full final expense policy face amount of $ 15,000.

Like «period certain» payouts, «amount certain» benefits pay out in equal amounts until the face value of the original policy has been exhausted.