Sentences with phrase «first life insurance premium payment»

Not exact matches

Via FHA HAWK, first - time home buyers will get access to reduced mortgage insurance premiums (MIP) at closing and, after 18 months of payments, will earn an MIP reduction which lasts the life of their loan.

At time of issue you need to pay the insurance carrier an amount equal to the difference in price between the term policy and what the premium payments would have been had you bought a whole life policy in the first place.

The policy will go into effect once you sign the contract, return it to the life insurance company and make your first premium payment.

Life insurance goes into effect as soon as you make your first premium payment, meaning you're eligible for the death benefit as soon as the policy is in force.

Also, you're guaranteed a full refund of your first premium payment up to 10 days after receiving your term life insurance policy.

Your life insurance coverage is not in effect until your application is approved, and any outstanding policy requirements and your first premium payment have been received by us.

If you are not fully satisfied with your no exam term life insurance policy you may cancel at any time within the first month and receive a full refund of your first months premium payment.

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.

Also, you're guaranteed a full refund of your first premium payment up to 10 days after receiving you term life insurance policy.

Life insurance goes into effect as soon as you make your first premium payment, meaning you're eligible for the death benefit as soon as the policy is in force.

If you qualify, you can pay for your first month's premium by choosing a payment option, and start your life insurance protection today.

With effect from April 1, 2012, Service Tax Rate has been changed to 3.09 % on first year premium and 1.545 % on subsequent year premium for traditional endowment & annuityA contract sold by a life insurance company that provides fixed or variable payments to a recipient, either immediately or at a future date.

The policy will go into effect once you sign the contract, return it to the life insurance company and make your first premium payment.

At first glance, Globe Life Insurance is attractive — there's no medical exam, $ 1 for your first premium payment and you can apply online.

Also known as modified premium whole life insurance, an example might see you pay lower rates for the first five years before the payments then increase for the remainder.

During the first year, all of your premium payments will go to pay the life insurance premium and optional benefit riders of your policy and is payable at age 100.

To prevent a life insurance policy from lapsing each and every time a premium payment is slightly late, every state in the country requires that a life insurance policy first go through what is known as a grace period after a payment is missed.

In point of fact, a common reason to have a sizable and problematic life insurance loan in the first place is when a policyowner stops making premium payments on a whole life policy — because a whole life policy must receive annual premium payments (unless it is fully paid up), and failing to pay premiums will usually trigger an Automatic Premium Loan (APL) provision where the insurance company provides a loan to the policyowner and immediately uses it to pay the premium.

First off, you need to understand how a life insurance company determines your premium payments.

Most guaranteed life insurance policies also provide a graded benefit in the first two years the policy is active — meaning that if a policyholder dies prior to that milestone date, the company will simply refund the annual premium, plus interest on the payments.

Premium payment options for IDBI Federal Whole life Savings Insurance Plan and DHFL Pramerica Family First also include premium paying modes.