Sentences with phrase «health of the insured»

The size of the death benefit will depend on the money invested and the age group and overall health of the insured person.

Prices on term life are based on the length of the term and the age and health of the insured at the time when the policy is activated.

The death benefit will vary depending on amount deposited, age, gender and overall health of the insured.

Policy costs are based on the age, gender, lifestyle and health of the insured as well as the length of the guaranteed level term period.

The most extreme options are to cancel the policy entirely, raise premiums to compensate for the poor health of the insured, or refuse to pay out the benefits in part or whole.

The death benefit will vary depending on amount deposited, age, gender and overall health of the insured.

This means that once a policy has been purchased, the amount of the premium paid will typically remain the same throughout the entire life of the plan — regardless of the increasing age, or any change in health of the insured.

What is the current health of the insured?

When you pay the yearly premium on a convertible term life insurance policy, you get a couple of things: the right to get a death benefit if the insured person dies, and chance to buy a permanent life insurance policy at good rates that are based on the good health of the insured when the term policy was taken out, regardless of any changes in health that may have occurred since that time.

The life insurance company develops the rates based on an average risk, since without a medical exam they don't know the exact health of all insureds.

Function of the statutory health insurance according to § 1 SGB V is to preserve, recreate or improve health of the insured person.

The premium payable under this plan is based on the age and health of the insured person, the policy duration and the cover amount and remains fixed during the entire tenure of the policy.

Both of these prices continue to rise as the number of insured Americans rises and the health of the insured population decreases on average.

Underwriting standards vary across companies, and not all companies are as thorough at checking the health of the insured as the others do.

Additionally, if one engages in the transaction, the insured may occasionally (usually about once a year) receive a call from a servicing company to inquire upon the health of the insured (to determine if the insured has died and whether the investor should be making a death benefit claim on the policy).

Similarly, the lower the life expectancy (i.e., the worse the health of the insured), the more valuable the settlement will be.

Life insurance rates are dependent largely upon the age and health of the insured.

The right type of life insurance will depend on a number of factors, including the age and health of the insured, the nature and amount of the household's living expenses and more.

The health of the insured, the time frame, the age of the company, and the reason for purchasing it are all germane to the discussion.

The insurer is required to renew the policy regardless of the health of the insured subject to policy conditions.

A: The health of the insured is the most important factor in determining the cost of any life insurance policy.

Almost anyone can purchase a final expense policy regardless of health, because the approval process relies less on the health of the insured.

The length of time required to get a policy approved will be in direct relation to the health of the insured.

With Renewable Term Insurance a person can continue the existing policy provided he / she pays the premiums, even if the health of the insured or other factors could be a reason for rejection with other Life Insurance plans.

Typically, this clause is invoked only if the health of the insured deteriorates significantly during the term, and poor health would prevent the individual from being able to provide proof of insurability.

The premium is calculated based on the age and health of the insured.

As with other kinds of insurance, the cost of monthly premiums is tied to the health of the insured.

The death benefit will depend on the amount deposited, gender, age and health of the insured.

Since insurance is an underwritten product, it is contingent on the health of the insured.

Mortgage protection premiums vary depending on the age and health of the insured and there's a possibility that you might be asked to undergo a medical examination.

«A situation where the insurer is to renew a policy for a certain period of time regardless of any health changes to the health of the insured is known as CONVERTIBLE TERM INSURANCE»

The size of the death benefit depends on the amount invested and the age and health of the insured.

If a policy is «renewable,» that means it continues in force for an additional term or terms, up to a specified age, even if the health of the insured (or other factors) would cause him or her to be rejected if he or she applied for a new life insurance policy.

If there is a GI rider on a policy, the owner is able to increase the coverage regardless of the health of the insured person.

The cost of a term policy relies heavily on both the age and health of the insured, the length of the policy term, and the size of the benefit involved.

This could have a very significant value in terms of paying lower premiums in the event that the health of the insured declines significantly.

You have several elderly insurance options to choose from, based primarily on the health of the insured person (your parent).

Health Plans: These plans are ideal for protecting the health of the insured against specific health risks.

The plan covers death of the insured due to an accident, disability suffered due to an accident and also loss of income due to the accident which impairs the health of the insured individual

Before you buy an insurance policy, the insurer of your policy carries out a procedure called «underwriting», under which the health of the insured is assessed.

Among the factors that are used to calculate the buying price are: the death benefit amount (generally no less than $ 100,000 and usually higher than $ 300,000); the age and health of the insured person; the type of policy (whole, universal or term); the rating of the insurer that issued the policy; and the premiums needed to keep the policy in force.

Life insurance premium costs are determined to a great extent on the health of the insured.

As with most medically related insurance policies, the cost of the insurance depends greatly on the age and oftentimes the health of the insured.

However, the coverage allowed under the plan depends on the health of the insured at the time of buying the policy.

Guaranteed Issue and No Medical Exam Life Insurance It just stands to reason that the premiums on a life insurance policy will be influenced by a number of factors, including the health of the insured.