Sentences with phrase «guarantee period»

The phrase "guarantee period" refers to a specific duration of time during which a product or service is covered by a guarantee or warranty. It means that if there is any problem or damage within that period, the manufacturer or company will fix or replace the item for free. Full definition
Lifetime income with Term Guarantee in which the income is received for a chosen guaranteed period of five years / ten years / fifteen years or twenty years.
Once the initial rate guarantee period expires, you have the option to renew for the same period of time.
2 The Contract will automatically renew to the 3 - year Guarantee Period, unless otherwise notified.
Availability of extended guarantee periods is subject to change.
The guaranteed policy has a thirty - day guarantee period in case you do not like it and the benefits stated do not decrease after the first two years.
All else being equal, policies with higher current rates and longer guarantee periods will be better than those with lower current rates and shorter guarantees.
The 3 month guarantee period aims at finding a perfect partner for you.
In exchange for your purchase payment and after the selected Guarantee Period you'll then receive your money back, plus the guaranteed interest rate that was available at purchase or renewal.
If you die within the specified guaranteed period, your beneficiary will receive the remaining income payments as an income stream or lump sum.
This policy has a fixed death benefit with a fixed price for the first five years and an increased fixed price for the rest of the initial benefit guarantee period.
Cost is determined by age and health, as well as the term (price guarantee period) you choose.
At the end of the no - lapse guarantee period provided by either the policy or the rider, you may need to make significant additional premium payments.
The money - back guarantee period allows you to carefully review your travel insurance plan.
Initial guarantee periods vary and depend upon the product you select.
Guaranteed Period Pension Plan: Under this type, the policyholder gets pension for a fixed period as mentioned in the plan.
The standard guarantee period is 5 years but it can also be pushed to 10 years.
Introduce us to a candidate for a full - time, direct hire position and you will receive a referral bonus upon the successful completion of the client guarantee period.
Some lifetime guaranteed policies can be designed to provide a «shorter» guaranteed period of your choice at a lower premium.
You may choose from a range of interest rate guarantee periods, including three, four, five, six, or seven years.
A single - premium multi-year guaranteed annuity offering a choice of 5 year or 7 year guarantee periods and free withdrawal options.
The 3 - and 5 - year extended guarantee periods may not be available in all states and are subject to availability.
You will only be charged the special limited price of $ 67 $ 37 and can get a full refund any time within the 12 month guarantee period.
You have the option to keep the policy after the initial benefit guarantee period — the initial length of the policy you select — or to allow the policy to lapse.
Predictability Interest rate is set for guaranteed period of time regardless of how the market performs.
Because the insurance company is «on the hook» for a longer period of time, premium payments for guaranteed level periods of 20 and 30 years are higher than similar policies with guarantee periods of 5 or 10 years.
When the payout made to the customer is a fixed sum for a certain number of years, it is called a fixed annuity or annuity certain.In guaranteed period annuity, the period for which the payment will be made is decided.
There is a one - year interest rate guarantee period on each deposit, which secures the crediting rate for that duration.
While most of the policies are renewable to age 95, the annual premiums may increase significantly after the initial guaranteed period expires, and in addition, most of the policies are convertible to permanent life insurance policies.
Posted in customer service, guarantee, insurance, life insurance Tagged bad news beyond guarantee period, guanteed level premium period, insurace, life insurance, life insurance agent, life insurance annual review, life insurance bad news
For those who need a temporary source of guaranteed income, the New York Life Guaranteed Period Income Annuity II can provide a stream of income that's guaranteed to last, without fluctuation, for anywhere from five to 30 years.
No Lapse Guarantee Rider Guarantees the policy will not lapse within the specified guaranteed period even if the policy's value is not sufficient to cover their monthly deduction charges.
The New York Life Guaranteed Period Income Annuity II is issued by New York Life Insurance and Annuity Corporation (NYLIAC), a Delaware corporation, a wholly owned subsidiary of New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010.
Premier 20 with ROP — With the Premier 20 ROP policy, there is an initial level premium guarantee period of 20 years.
Level term life is available in guaranteed periods of 5, 10, 15, 20, 25 and 30 years.
For example, if your client selected a Focused Growth Annuity 3, all subsequent guarantee periods will be 3 years.
After purchasing a travel insurance plan, you are granted a 14 - day money - back guarantee period which allows you to understand the ins and outs of your travel insurance coverages, including claim filing procedures, exclusions, coverage duration and extent.
New York Life offers several fixed deferred annuities to match your needs with interest rate guarantee periods ranging anywhere from three to seven years.
Can extend the No - Lapse Guarantee period with the Lapse Protection Enhancement feature and it will make your premium payments to be lowered.
Certain insurers have set up a process of paying interest if claims are not addressed within the minimum guarantee period
In exchange for the guarantee, contracts with longer guarantee periods tend to build significantly less cash value than does the same contract using the target or other non-guaranteed premium.
This plan offers death benefit guarantees to age 121, as well as flexible guaranteed period to meet the policy holder's changing insurance needs over time.
If I am still alive at the end of my policy's term (Initial Premium Guarantee Period), do I or my beneficiary receive any money?
If you no longer want the policy beyond the low cost guarantee period, and you are making automated payments, you'll want to notify the insurance company you wish to cancel the policy at the end of the term.
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