Sentences with phrase «full policy premium»

By paying the full policy premium at one time, the insurance company will skip your credit score check and give you a large discount for the lump - sum payment at the same time.

For the Limited payment mode, the policy may be surrendered after payment of 2/3 years of full policy premium payment.

Not exact matches

You would just need the policy's cash value to return a net 2.5 % interest annually to cut your premium payments in half while maintaining the full cash value.

If you die during the grace period, your beneficiary will receive the full value of the death proceeds of your life insurance policy minus any premium that is owed to your life insurance company.

The major policy announcement on free school meals was the obvious move in this direction — as well as being a sop to middle class voters who lost out after cuts to child benefit — but Nick Clegg's speech is full of references to policies which help in day - to - day life: the pupil premium, flexible parental leave, free childcare, a cap on social care costs.

Choose our Disablement Premium Waiver option, which pays the premiums of your pure life and dread disease policy on your behalf for a period of up to five years if you become disabled and the full cover amount of your disablement policy is paid out

However, since there's no medical exam, premiums will be significantly higher than if you purchased a policy from an insurer with full underwriting.

It's important to note here that in addition to the 3 months of homeowners insurance collected for your escrow accounts, a full year of homeowners insurance will also be included in your closing costs as a prepaid item, since the first year's policy premium is due up front.

Life insurance can be bought either as a permanent life insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of time.

The benefit of combining the two insurances into one policy is you get life insurance death benefit coverage, help with your long - term care services, cash value growth that can be accessed via policy loans, with full cash surrender value plus return of premium if necessary.

Premiums can be high and you could earn a better return in the stock market, but ROP policies offer a full death benefit as well as the possibility of a cash windfall if you outlive the term.

A great benefit for both single premium whole life insurance policies is that, if you decide later on that you want to surrender the policy and cancel your coverage, you'll get a full return of your premium.

Pay - in - full Discount: By paying your entire premium for the full term of your policy, you can save money by avoiding installment expenses that GEICO charges for paying month to month.

You can choose to surrender your policy for a partial or full refund on all your premiums paid on the 15th, 20th and 25th policy anniversary.

People who buy these types of policies pay higher premiums, but have their policy paid in full at the set time.

The main reason you would do a partial term conversion is if you could not afford the premiums on a full conversion or don't require the full amount converted to a permanent policy.

Free Look Period: The period of time in which a policy owner has the legal right to examine a newly issued policy and return it for a full refund of premium if not satisfied for any reason.

When you convert a group policy to an individual policy, you agree to shoulder the full cost of its premiums.

If the change of insurance is not made on the policy renewal date, you must pay the full year's premium.

Unlike term policies, these plans stay in effect as long as the premiums are paid on time and in full.

If you were sold the policy when you were self - employed or not in full - time permanent employment, you will receive a full refund of the «involuntary unemployment» element of the premium.

Permanent policies last your entire life assuming you pay your premiums on time and in full.

The policyholder under some policies can have the option at some point to switch his or her dividend option to reduce or pay premiums in full.

Permanent policies remain in effect for your entire life, as long as the premiums are paid on time and in full.

This is normally a very inexpensive addition to a full coverage policy which will add nominal cost to your premiums but can pay for itself the very first time you use it.

In addition to the higher premiums, one of the main drawbacks to a guaranteed issue life insurance is that your beneficiaries wouldn't receive a full death benefit until your policy has been in force for a specific length of time (typically between one or two years, depending on the life insurance company).

Some discounts available include multiple policy bundling discounts, protection devices, premium paid in full, mature homeowners and renters, 100 % replacement cost, under construction dwellings, renovated homes or seasoning dwellings.

You buy a 30 year term return of premium life insurance policy, you'll need to pay on it for 30 years to get the full premium back.

Although you still need to make the full premium payment, having the ability to tap the cash value provides policy holders with options to cover that amount.

(And if not, they can return the policy and receive a full premium refund).

A premium is paid monthly to keep the policy active, covered in full or in part by the employer, and upon the death of the employee a lump sum of money, the death benefit, is paid out to a designated group or person known as the beneficiary.

I have taken new bima policy 179 for 16 yrs till than i paid 3 full premium.

Paid - up life insurance could be described as a life insurance policy that is paid in full, remains in force, and you don't have to pay any more premiums.

But if you own a return - of - premium policy, dropping the policy before the full term has expired means that you will have paid a high price for your term insurance coverage and the premiums you paid won't be fully refunded.

The selling policyowner receives an upfront cash payment in exchange for transferring ownership of the life insurance policy — typically more than any existing cash value but less than the policy's full death benefit — and the investor as the new owner then continues to make the ongoing / annual premium payments.

If you don't like what they say, you can drop your policy and sometimes receive a full refund of the premium you paid if you haven't filed any claims.

Furthermore, when you take out a full policy with Petplan ® either after your four weeks of free insurance or via the unique link below, 10 % of your premium goes straight back to Cats Protection, and a further 10 per cent each year you renew your policy.

If a policyholder pays their premium every month, they are entitled to the full coverage granted under the policy in the event of damage.

You may have to pay for the full premium, but it should be significantly cheaper than paying for your own individual policy.

* premiums exclude processing fees and applicable taxes ** For full terms and conditions, please refer to a TitlePLUS policy.

This required provision gives policyowners the right to return the policy for a full premium refund within a specified period of time, if they decide not to purchase the insurance.

Other factors that will affect your premiums include your policy's limits and deductibles, as well as optional coverages you add, such as uninsured motorist insurance or collision and comprehensive (often called full coverage) insurance.

For a full refund of your premium, you must cancel within 10 days of your policy purchase and have not filed a claim or departed on your trip.

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.

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

However if all conditions are met and everything checks out after the investigation, unlike the guaranteed issue life insurance policy, a term life insurance policy would pay the full benefit, and not just the premiums paid for the first two years.

There are low premiums, high deductibles, full coverage, and catastrophe only policies.

«Return of Premium» is a common feature in many term life insurance policies that provides a full or partial refund of the premium paid at the end of the coverage period if nothing was paid out on the policy during that time.

When compared to higher cost full coverage or comprehensive collision car insurance policies, the PLPD car insurance is often as much as 70 - 80 percent cheaper in terms of annual premium rates.

But if you own a return - of - premium policy, dropping the policy before the full term has expired means that you will have paid a high price for your term insurance coverage and the premiums you paid won't be fully refunded.