Sentences with phrase «full value of the policy»

Even if a permanent life policy lapses (the insured stops making payments), it's possible there could be some residual benefit, though it will likely not be the full value of the policy.

Conversion insurance can help motorists tap into the full value of their policy.

During this time, your beneficiary will receive the full value of the policy.

In order to make sure your beneficiaries receive the full value of the policy, you need to pay the money back as soon as possible.

The stop loss as defined in insurance policies is the point at which an insurance company has paid out the full value of the policy and no further claims can be applied against this insurance policy.

The permanence makes the plans more of a risk to the insurance company because we will all probably die sometime between now and age 121, meaning they are guaranteed to have to pay your loved ones the full value of your policy.

Depending on the particular rider, the policyholder may also receive monthly income payments at a rate of 1 percent of the full value of the policy.

The downsides of viatication for the policy holder are that he or she will not receive the full value of the policy and his or her beneficiaries will no longer receive the policy proceeds unless there happens to still be money left over from the viatical settlement when the policyholder dies.

The disadvantage of doing this is that you will lose the ability to change the investments or borrow against the account without the approval of the assigned owner, but the benefit is that the value of the policy will not be taxed as part of your estate, effectively keeping the full value of the policy for the use of your beneficiaries.

Level term life policies will pay out the full value of the policy throughout the duration of the policy.

This does not allow you to collect the full value of the policy, only a portion of it, and the precise amount differs from policy to policy.

This will mean that upon your spouse's death, the full value of the policy will be paid out, and not just a portion.

They were responsive to the claim and paid the full value of the policy.