Sentences with phrase «if during policy period»

If during the policy period you happen to die, your beneficiary gets the death benefit.

Not exact matches

During my testing period, I mentioned how it would be helpful if my assistant worked earlier in the day, starting at 9AM; the company changed its policies.

No medical exam life insurance policies usually have no waiting period, but the company will investigate the circumstances of your death if it occurs during the first two years of coverage.

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.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

Organize students into groups and have them make predictions about what would happen if different scenarios of fiscal and monetary policy were implemented during inflationary periods and periods of recession / depression.

If you pass away during the period of coverage, your beneficiaries would receive the entire face value of the policy.

No medical exam life insurance policies usually have no waiting period, but the company will investigate the circumstances of your death if it occurs during the first two years of coverage.

On the other hand, if the building remains undamaged by fire during the policy period, neither the insurer nor the owner of the building can make any gain off the fact that the risk was not realized.

If you lie when completing your life insurance application and your insurance company becomes aware of this for any reason during the initial waiting period (typically two years), your insurer has the right to void your policy.

While life insurance rates will vary according to your particular health and risk profile, term policies are typically the least expensive form of coverage, since they only pay out if you die during a certain period of time (the «term» of the policy).

This rider is critical, particularly if you are considering life insurance for children or young adults, because if the insured develops a disease or become uninsurable during the policy period, the insurance company allows the insured to increase his or her total life insurance coverage and death benefit at specific times.

ROP policies offer you a chance to hedge your bets, providing insurance protection for your loved ones during the term of the policy, while providing you with the ability to regain the money spent on insurance premiums if you outlive the policy payment period.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

Policies have a surrender period during which, if you withdraw part of the cash value or decide to give up your coverage, you will pay fees.

Anytime during the Flexi benefit period, you can decide to pre-pone the Maturity benefit of your policy and enjoy the full benefits due in the Policy (i.e. 100 % of Sum Assured plus accrued bonus till date plus terminal bonus (ifpolicy and enjoy the full benefits due in the Policy (i.e. 100 % of Sum Assured plus accrued bonus till date plus terminal bonus (ifPolicy (i.e. 100 % of Sum Assured plus accrued bonus till date plus terminal bonus (if any).

If the insured dies during the time period specified in the policy and the policy is active — or in force — then a death benefit will be paid.

The No Lapse Guarantee Rider (NLGR) ensures that during the surrender charge period, if you fund your policy at the required premium to maintain the guarantee, the policy will not lapse, even if the cash surrender value is not sufficient to cover the policy's monthly deduction charges.

If the company finds you lied about a health condition or lifestyle, it can raise your premium, cancel your policy or deny a beneficiary's claim to the death benefit, particularly during the two year contestability period.

A Term Life policy offers coverage only if death occurs during a specific period of time, which coincides with the terms in which the insured member is required to make a monthly premium.

They also may feature graded death benefits, meaning you won't receive the full benefit amount if you die during an initial period of time (usually the first year or two of the policy).

However, even if you don't make a claim during the policy period, and your no claim bonus stays the same, or is even reduced, your premium may go up due to other factors.

If the insurer approves your application but then finds out about the misrepresentation during the contestability period — usually the first 2 years of the policy — it can cancel the policy and return the premiums you've paid (minus any fees).

Some insurers will stipulate that you don't get any cash value portion returned if you surrender during this period, while other insurers will apply steep surrender penalties in order to recoup their own front loaded expenses in selling and setting up the policy.

Reporting Incidents which may become Claims The advantage of reporting a potential claim during the policy period when it happens, no matter how insignificant it may seem, is that later, if it does turn into a «claim,» the insurance company should respond even if the policy is no longer in force.

Occurrence coverage covers any incident that takes place during the coverage period, even if the suit is filed after the policy has expired.

If the insured person becomes disabled, the monthly premium due on the policy is waived during the disability, after a six - month elimination period is met.

During the first two years of the policy, known as the contestability period, the carrier can dispute a payout if there's suspected fraud.

Most policies have a 2 - year contestability period, which means during the first two years after buying life insurance, if it is found your insurance policy was issued under misrepresentation, withholding of information by the insured or the owner, or similar reasons, the insurance company can declare your insurance policy and any associated riders void.

I feel that the traditional insurance products gives an insurance coverage even during the policy period and still if the investor is alive, he gets extra amount in form of Bonus + FAB which comes closer to 6 - 7 % which is an excellent option for long term (> 15 years) right whereas Term insurance is only till certain time or else the entire amount gets wasted..

This Healthy Paws feature is important if your pet experiences multiple accidents or illnesses during the policy period (one year).

However, if your pet had cruciate problems on the same leg or the opposite leg 18 months prior to policy inception or during the waiting period after inception, then they are considered pre-existing and not eligible for coverage.

The policy at issue in this case, was crafted in such a way that in order to engage the insurer's duty to defend, it required the communication, during the policy period, by a third party, of an intention to hold the Jesuits responsible for damages.36 In this case, it was accepted by the parties, that if the claims were made within the temporal limits of the Policy, the duty to defend would have been engaged as the claims allege injuries that would fall within the policy.37 In fact the Court found one of the claims was made within the policy period and therefore did trigger the insurer's duty to defend.38 The rest of the claims however were found not to have been communicated during the policy period and, as a result, the insurer did not have a duty to defend the actions.39 The determination of whether a policy will be «claims - made» or «occurrence based» will depend on many fapolicy at issue in this case, was crafted in such a way that in order to engage the insurer's duty to defend, it required the communication, during the policy period, by a third party, of an intention to hold the Jesuits responsible for damages.36 In this case, it was accepted by the parties, that if the claims were made within the temporal limits of the Policy, the duty to defend would have been engaged as the claims allege injuries that would fall within the policy.37 In fact the Court found one of the claims was made within the policy period and therefore did trigger the insurer's duty to defend.38 The rest of the claims however were found not to have been communicated during the policy period and, as a result, the insurer did not have a duty to defend the actions.39 The determination of whether a policy will be «claims - made» or «occurrence based» will depend on many fapolicy period, by a third party, of an intention to hold the Jesuits responsible for damages.36 In this case, it was accepted by the parties, that if the claims were made within the temporal limits of the Policy, the duty to defend would have been engaged as the claims allege injuries that would fall within the policy.37 In fact the Court found one of the claims was made within the policy period and therefore did trigger the insurer's duty to defend.38 The rest of the claims however were found not to have been communicated during the policy period and, as a result, the insurer did not have a duty to defend the actions.39 The determination of whether a policy will be «claims - made» or «occurrence based» will depend on many faPolicy, the duty to defend would have been engaged as the claims allege injuries that would fall within the policy.37 In fact the Court found one of the claims was made within the policy period and therefore did trigger the insurer's duty to defend.38 The rest of the claims however were found not to have been communicated during the policy period and, as a result, the insurer did not have a duty to defend the actions.39 The determination of whether a policy will be «claims - made» or «occurrence based» will depend on many fapolicy.37 In fact the Court found one of the claims was made within the policy period and therefore did trigger the insurer's duty to defend.38 The rest of the claims however were found not to have been communicated during the policy period and, as a result, the insurer did not have a duty to defend the actions.39 The determination of whether a policy will be «claims - made» or «occurrence based» will depend on many fapolicy period and therefore did trigger the insurer's duty to defend.38 The rest of the claims however were found not to have been communicated during the policy period and, as a result, the insurer did not have a duty to defend the actions.39 The determination of whether a policy will be «claims - made» or «occurrence based» will depend on many fapolicy period and, as a result, the insurer did not have a duty to defend the actions.39 The determination of whether a policy will be «claims - made» or «occurrence based» will depend on many fapolicy will be «claims - made» or «occurrence based» will depend on many factors.

With respect to the issue of what happens if the employee becomes sick or injured subsequent to the termination of his employment, during which period of time he ought to have had coverage under an LTD policy, see my summary of the Brito case in the post The Requirement to Maintain Disability Benefits on Dismissal.

If he didn't renew the last policy period and he reported it to the carrier, say a month after he non-renewed that policy, then even though he had coverage for it during the policy period, there would no longer be insurance coverage because he didn't report it during the policy period.

If it was not made against the insured during the policy period, then the insurer can disclaim coverage for that reason alone, regardless of when the insured gave notice.1 If the claim was made during the policy period but the insured gave notice after the expiration of the requisite time frame for notice under the policy, then the ability to disclaim coverage will turn on whether the notice provisions are conditions precedent or covenants.2 This principle applies regardless of whether the policy is a claims - made or a claims - made - and - reported and reported.3 If the notice provisions are covenants, then late notice constitutes a breach of the policy by the insured, triggering application of Md..

A policy providing liability coverage only if a written claim is made during the policy period or any applicable extended reporting period.

If you fail to revive your policy during the allotted period then the surrender value of the same is paid to you but surrender charges are deducted from the same.

Term policies pay death benefits — if you die during the period covered by the policy, proceeds will go to your beneficiaries.

«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.

With term life insurance, benefits are paid if the policy owner dies during the period covered by the policy.

The time period during the insurance company can cancel or rescind the policy, typically two years, if the application contained misrepresentation.

If an insured dies during the grace period and the premium has not been paid, the policy benefit is payable.

If the person on whom the policy is written dies during the exclusion period, the life insurance company will investigate the death to determine if there was any medical or other information that was not disclosed when the policy was purchaseIf the person on whom the policy is written dies during the exclusion period, the life insurance company will investigate the death to determine if there was any medical or other information that was not disclosed when the policy was purchaseif there was any medical or other information that was not disclosed when the policy was purchased.

It is required in original at the time of any claim during the policy period or at the time of availing of the maturity benefit of the policy (if any).

This means that until the waiting period has ended, if the policy holder passes away during this time the benefits will only be whatever premiums have been collected or a fraction of the benefit coverage.

If an injury or illness occurs during the period of coverage and the insured person requires medical or surgical treatment, this plan will pay, subject to the co-insurance and selected deductible, reasonable and customary charges for the following covered expenses, up to the selected policy maximum.

And, if the underlying market index performs poorly during a given period, the policy's cash will not lose value, but rather just return a 0 percent for that period.

If you lie when completing your life insurance application and your insurance company becomes aware of this for any reason during the initial waiting period (typically two years), your insurer has the right to void your policy.

Because term life insurance only pays out if the policyholder's death occurs during the term of their coverage period, policy premiums are generally lower than whole life insurance.