Sentences with phrase «fund on the behalf of the policyholder»
As explained above, first the company pays at the time of death of the policy holder and because of its Waiver of Premium (WOP) feature it continues to invest in the fund on the behalf of the policyholder.
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Two former London Life actuaries, Bill Rudd and Jay Jeffery, and John McKittrick, a Great - West policyholder, sued on behalf of 1.8 million people, accusing the companies of illegally using their funds to help pay for the $ 2.9 - billion acquisition.
The policyholder may choose to invest in any of the fund himself or ask the company to do the investments on his behalf where the last 3 funds are chosen by the company
In these policies, the insurance company utilizes a portion of the premium to meet administrative expenses and fund the death benefit, and it invests the remaining premium on behalf of the policyholder.
Fund management charges (FMC)-- FMC is the fee for managing the assets on behalf of the policyholder