Sentences with phrase «increase as the policy holder»

Not exact matches

If the policy holder chooses the increasing death benefit option, the pure insurance component will remain the same over time; so as the policy's cash value increases, the death benefit increases.

But as a covered policy holder you can increase your limit if you need to.

Instead of increasing the amount of your premiums as you get older, most policy holders pay the same amount every month.

They'll collect as much data as possible from credit histories, to information about the age or sex of policy holders, to any other important information that may increase the risk under a policy.

Life insurance policy riders can provide policy holders with additional benefits, as well as increase peace of mind that if something happens, there will still be an adequate amount of coverage.

ULIP policy holders can make use of features such as top - up facilities, switching between various funds during the tenure of the policy, reduce or increase the level of protection, options to surrender, additional riders to enhance coverage and returns as well as tax benefits.

This only hurts the consumer as insurance companies will pass on the expenses to policy holders in the form of increased premiums.

There are many different ways in which policy holders may structure their insurance coverage through Primerica, as the company offers individual riders and add - ons like terminal illness benefit, waiver of premium, and increasing benefit riders.

Having permanent coverage is also a plus, as the death benefit will remain in force, regardless of a policy holder's increasing age or health condition.

Other features include the ability to increase or decrease the death benefit as the insured's needs change; the ability to change the amount and / or the timing of the premium payment; and the ability to choose which investment options may be able to help the policy holder to meet best his or her retirement income needs the best.

As life expectancy has increased, term life insurance holders have outlived their policies.

The risk of natural disasters such as tornadoes, floods and earthquakes can greatly increase the amount of money that auto insurance companies must pay out to policy holders on an annual basis.

This is the more economical way to go, since as the cash value increases over time, the insurance company is required to pay out less money from its own funds when the policy holder passes away.

The premium amount payable increases with age of policy holders, generally above 45 years of age, as above this age risk factors increase.

As a result, the OH company will likely consider you a high - risk policy holder, and then subsequently increase your premiums.

As the policy holder maintains the premium payment schedule, a portion of those payments goes toward increasing the death benefit payment.

The insurance provider takes this action as an implication that the policy holder is a high risk driver and therefore premium rate is increased.

As a policy holder, you have the right to increase your coverage as needeAs a policy holder, you have the right to increase your coverage as needeas needed.