Sentences with phrase «few year of the policy»

The cash value generally grows slowly in the first few years of the policy then experiences more significant growth later.

Paying the max life insurance premium allowed in the first few years of a policy will really tilt the policy in your favor for the life of the product.

The first few years of the policy make up a «surrender period,» which has different surrender rules than the rest of the policy's lifespan.

If you were to die during the first few years of the policy, most life insurance companies will generally issue a refund of your premiums to your beneficiaries in lieu of the actual death benefit.

In the first few years of your policy, a very small percentage of your premium goes into the savings account while the rest is used to pay for upfront costs like administrative fees and the agent's commission.

Some insurance contracts only allow «conversion» in the first few years of the policy, while others allow it at any point during the term.

Some insurance contracts only allow «conversion» in the first few years of the policy, while others allow it at any point during the term.

Normally, for the first few years of your policy, your benefit amount will increase by a small percentage (e.g. 4 %) automatically each year.

The cash value generally grows slowly in the first few years of the policy then experiences more significant growth later.

Modified Premium Whole Life Insurance: It is like traditional versions, but you can alter the premium payments during the first few years of the policy.

Finally, commissions slow the accumulation of cash value in permanent life insurance policies, especially in the first few years of the policy.

The policy is called «graded» because the death benefit is graded — it increases a bit for the first few years of the policy until it reaches the amount you buy — for example if you buy a $ 100,000 graded policy, the $ 100,000 won't be fully in effect until after 3 years (or two years depending on the company).

If you were to die during the first few years of the policy, most life insurance companies will generally issue a refund of your premiums to your beneficiaries in lieu of the actual death benefit.

In the first few years of your policy, a very small percentage of your premium goes into the savings account while the rest is used to pay for upfront costs like administrative fees and the agent's commission.

Essentially, if the insured were to die in the first few years of the policy, the policy's beneficiary would receive all the premiums that were paid, plus earned interest, but the beneficiary would not receive the policy's death benefit until the waiting period has ended.

However, it is also possible to «back - load» the cost of the policy by choosing lower premiums during the first few years of the policy's life; the premiums increase each year to a set point and then remain consistent for the duration of the policy.

People who have a serious health problem may receive a policy with a «graded death benefit,» which means the coverage amount increases over time and your beneficiaries won't receive the full face value if you die within the first few years of the policy.

This valuable feature is usually available in the first few years of the policy, and allows you to convert to permanent insurance without submitting evidence of insurability.

Some companies will even give you «conversion credits» within the first few years of your policy to incentivize you to convert your policy.

Graded - death benefit: This type of whole life insurance pays out a limited death benefit in the first few years of the policy.

For example, if the plan has graded death benefits, then it may pay out only a certain percentage of the total if the insured passes away within the first few years of policy ownership.

These guaranteed policies offer death benefits that accumulate over time and are generally low or non-available in the first few years of the policy.

Should the insured live past the first few years of policy ownership and pass away after that, the beneficiary would be able to receive the full amount of the death benefit — even on a plan that contains the graded death benefit option.

That means the premium amount you start to pay in the first few years of the policy may hike up based on calculations in line with market scenarios.

Two, there is a pre-existing waiting period in the plan which would exclude coverage of pre-existing disease in the first few years of the policy.

But yes if you die in first few year of the policy then its a huge benefit for your kids.

Certain policies enable you to increase the amount of sum assured after a few years of policy purchase.

Graded Premium Life is actually Graded Premium Whole Life Insurance coverage under which the initial premiums are less than normal for the first few years of the policy, then the premiums gradually increase each of the next several years, until they become level (or the same) for the duration of the life insurance policy.

Not exact matches

Every few years, some interests on the left or right become frustrated that most Americans care deeply about the small - business community — and that concern gets in the way of those interests» policy objectives.

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.

Critics have worried that the Fed has missed opportunities to normalize policy, but Yellen said «the risk of falling behind the curve in the near future appears limited, and gradual increases in the federal funds rate will likely be sufficient to get to a neutral policy stance over the next few years.»

I have done a lot of policy work in the last few years on a national and international level.

«International investors have embraced the positive changes in the accessibility of the China A shares market over the last few years and now all conditions are set for MSCI to proceed with the first step of the inclusion,» Remy Briand, MSCI Managing Director and Chairman of the MSCI Index Policy Committee, said in a release.

«It used to be that Silicon Valley had the attitude that Washington was inconvenient,» Vivek Wadhwa, an entrepreneur and researcher of public policy at Stanford Law School, says, but over the last few years Silicon Valley has reached a turning point, and that perspective has changed drastically.

According to Scotiabank's Derek Holt, who predicts household grocery bills could balloon by as much as 15 % in the next few years, the failure of the international community to settle on a rational policy for handling shortages has led to stockpiling and export bans, which «further impairs supply sides of markets and causes prices to go up even more.»

«Next year's Commission should consider acting quickly to reverse any damaging policies put into place over the last eight years and in the last few weeks of this Administration,» O'Rielly said in a speech last month.

The details of trade policy and measures are not likely to emerge until after Trump is sworn in next year and then not for a few months when a new team is in place.

A few Fed policymakers worry the U.S. economy, which has delivered strong job gains but worryingly weak rates of inflation, could be stuck on a low growth path that requires low rates for years as well as new policy tools.

Many businesses initially opposed the first state paid sick days law in Connecticut, yet within a few years a survey showed... that an overwhelming majority of businesses reported only small or no effects on their bottom line, and three - quarters now report being supportive of the new policy.

However, Delta claims steep increase in the number of animals on flights over the last few years reflects an abuse of the policy.

Five years on, inflation is a millstone, and few can agree on whether quantitative easing is the right antidote for the U.K. Moreover, one of his most immediate tasks will be whether to break up the Royal Bank of Scotland, and his decision in this area will be harbinger of the Bank's policies toward the whole U.K. banking industry — policies that will have global reverberations.

In one of the few studies that has examined flextime's effect on company profits, last year, researchers from the University of Toronto's Rotman School of Management and China's Renmin University studied the 35 per cent of Canadian firms with flextime policies.

Just a few years ago, conversations about artificial intelligence (AI) ethics and policy were limited to a very specific community of academics and enthusiasts, and perhaps a marginal few in the circle of avant garde policy - makers.

OTTAWA — Thomas Mulcair got it right a few years back when, commenting on the approach of Stephen Harper's government to the role of science in policy development, he said the Conservatives relied on «decision - based fact - making.»

The first policy would likely have significant costs as a result of fewer firms paying the mandate penalty, and the second policy was estimated in 2015 to cost $ 53 billion over ten years.

FOMC members now seem more eager than ever to «normalize» policy, that is raise short term rates into line with historic norms and, to the extent possible, unburden their balance sheet of the huge bond holding they had acquired over the last few years.

As recently as six months ago, many investors expected the dollar to continue its rally of the past few years based on stronger economic growth, via Trump's agenda items, and tighter monetary policy by the Federal Reserve.

But over the last few years (since 2008), I think there's been a pretty dramatic growth in what we'd call Tea Party politics in that set — extreme conservatism that goes beyond hands off fiscal and regulatory policy, the kind of feverish mindset in which you could write with a straight face that progressives might be building toward some sort of mass wealth confiscation or internment or even extermination for the likes of Tom Perkins.

What's more important is that deflation and inflation are essentially monetary phenomena, whether or not the inflation of a few years ago or current deflation can all be attributed to the eased and tightened monetary policies of the U.S. Federal Reserve.

Oil sands development is a matter of provincial government policy: in a government policy paper (the Mineable Oil Sands Strategy) issued a few years ago (and since recalled), the core area of the oil sands resources in Alberta was designated a «sacrifice zone», within which it was acknowledged that significant and irreversible environmental impact would be permitted to occur, to enable the realization of the significant economic benefits such development promised.