Sentences with phrase «initial duration of the coverage»

Not exact matches

Policy term is the maximum duration of the initial coverage period offered by the plan.

After the initial purchase, you may extend coverage for any duration you like, up to 12 months at a time for a maximum of 3 years.

Graded Premium Life is actually Graded Premium Whole Life Insurance coverage under which the initial premiums are less than normal for the first few years of the policy, then the premiums gradually increase each of the next several years, until they become level (or the same) for the duration of the life insurance policy.