Sentences with phrase «initial lives insured»

The 7 yr forward mortality experienced from Sep 30th 2006 (my estimate: 38 mortalities) works out around at 30 % of the initial lives insured (which I make 123 after adjusting for later policy - sales and 1 policy addition), whereas the CDC 2008 (white male / female) data predicts 59 % for the 7 yr forward mortality rate at the average age which was 84 in Sept 2006.

Not exact matches

With this policy, the policy owner does have the option of converting the term life insurance policy over to a new permanent life insurance certificate — without having to prove evidence of his or her insurability — until the earlier of the certificate anniversary on which the insured is age 65, or 5 years prior to the end of the initial term period.

The initial monthly payment and interest rate are low under this FHA - insured mortgage product, but these may change during the life of the loan.

While initial premiums are higher than with a typical term policy, it is possible for coverage to continue until death of the insured, and cash value may accrue in the policy on a tax - deferred basis that can be used to help meet financial needs during your life.

With term life insurance, insureds can essentially obtain the most amount of coverage for the lowest initial premium price (with all other factors being equal)-- particularly those who are young and in good health at the time of policy application.

Conditional Receipt A conditional receipt is given to an insured that submits money with the initial application for life insurance.

* The monthly premium example is for a Protective Custom Choice Universal Life Insurance policy with a $ 100,000 death benefit for a 30 - year - old male insured, Select Preferred underwriting class, with a 10 - year guaranteed initial level benefit period.

A conditional receipt is given to an insured that submits money with the initial application for life insurance.

1If requested prior to the earlier of the end of the initial term period or the policy anniversary following the insured's 75th birthday, the policyowner can convert the term policy to the permanent life insurance policy that we make available for conversion on that date in the policy's state of issue.

When the initial «term» of a term life insurance plan ends and the policy holder opts to renew his or her coverage, the new policy will be underwritten at the then - current age and health condition of the insured.

If you've ever heard about life insurance rates for children, your initial reaction was probably, «why would I ever pay to insure my child?»

With this policy, the policy owner does have the option of converting the term life insurance policy over to a new permanent life insurance certificate — without having to prove evidence of his or her insurability — until the earlier of the certificate anniversary on which the insured is age 65, or 5 years prior to the end of the initial term period.

The term of the life insurance plan is nullified if the person insured commits suicide within a year from the initials of policy cover.

In case of Max Life Cancer Insurance Plan (inbuild - indexation benefit), the initial sum insured is increased by 10 % (simple rate) for every claim free year, up to five years.

The initial amount of life insurance that will be payable to the named beneficiary upon the death of the insured.