Sentences with phrase «insurance after the period of time»

This comes in handy if you need life insurance after the period of time you initially selected.

Not exact matches

If you're getting insurance in order to make sure your family can cover key expenses that won't be applicable after a certain period of time, like your child's college or your mortgage, a term policy is likely a better fit.

After entering into a contract with an insurance company, an investor can receive regular payments for a fixed period of time or for life.

While everyone would receive a number initially, the»em ergency brake» would involve the national insurance number being removed after a period of time.

If you're getting insurance in order to make sure your family can cover key expenses that won't be applicable after a certain period of time, like your child's college or your mortgage, a term policy is likely a better fit.

It is an insurance policy between the insured and insurer, that provides income replacement, i.e. cash money, to the insured if the insured is too injured or sick to return to work after a certain period of time set forth in the policy.

If you withdraw money from an annuity contract or surrender the contract within a certain period of time after investing, the insurance company may assess a contingent deferred sales charge (CDSC).

If your car is stolen or totaled within a set period of time after purchase, usually no more than two years, this insurance pays the difference between what you owe on your car loan and its value.

Return of premium on all your premiums paid into the policy after a specific period of time that you can opt for if you decide you no longer want the hybrid LIFE+LTC insurance policy.

Incontestability Clause: A life insurance policy provision that states after the policy has been in force for a specified period of time, the company can not deny a claim based on a material misrepresentation made in the application.

This type of policy, which covers someone for their entire life provided the premiums are paid, differs from term insurance, which covers someone for a defined period of time (after that set time term insurance policies usually have provisions for continuing coverage, albeit at higher premiums).

A term life insurance policy lasts for a set period of time, after which it expires and you have to apply for a new policy or go uninsured.

Some employers will help fund continuing studies — usually so long as the worker remains with the company for a set period of time after graduation — and may continue to provide various health and life insurance benefits.

To protect against cancellation caused by certain unforeseen events, such as illness, we recommend that guests purchase trip cancellation insurance to assure refund of deposits paid, and we will allow the deposit to be used at another time period after.

If an individual waits a significant period of time before seeing a doctor, an insurance company could potentially use this information as a reason to claim that one's injuries did not occur because of the accident, and that they must have happened after the fact for some other reason.

Appointment and Collateral Warranty contacts, if signed as deeds can extend the time that Run off insurance needs to be held after the closure of the practice, many of these contract stipulate in contract what the professional's obligations with regard to coverage and periods.

Another important law is the Consolidated Omnibus Budget Reconciliation Act (COBRA), an amendment to ERISA that gives employees the right to buy health insurance at their employer's rate for a period of time after being laid off or otherwise not working.

Some insurance companies will not honor claims after an extended period of time.

This method would require the manufacturer's previous insurers to continue to provide coverage for bodily injury occurring well after their policy periods, starting from the time the insured could no longer voluntarily insure itself because of the insurance industry's market - wide adoption of an asbestos exclusion (i.e. 1986).

After the «term» period ends, some term life insurance policies do have a period of time in which they are renewable.

The Virginia Department of Motor Vehicles (DMV) says after certain convictions you can be required to obtain a Financial Responsibility Certificate (FR - 44) issued through your car insurance company and maintain it for a period of three (3) years from the date your revocation time ended.

After accumulating multiple losses, especially over a short period of time, your claims history may begin to affect your insurance premiums.

Term life insurance is a great option if you need coverage for a specific period of time — which can be anywhere from one to twenty years or more, with the opportunity to renew after each term.

A graded death benefit is a clause written into guaranteed issue life insurance policy which states that prior to your policy covering «Natural» causes of death, you must first remain ALIVE for a certain period of time (typically 2 - 3 years depending on the carrier) after your guaranteed issue life insurance policy goes into force.

Just keep in mind that the main concept of Term insurance is the policies terminate after designated time period.

When you take out a term life insurance policy, it is effective for a given period of time, such as 20 years, and must be renewed or forfeited after that time, called term, has expired.

He could, in this instance, take a term insurance policy that extends over a period of 25 years, after which he expects his child to be self - dependent, thereby allowing him to rest easy for the said period of time.

In some instances, the disability insurance carrier will allow for a reconsideration of the exclusion after a period of time.

A term insurance policy is only going to be effective for a certain period of time, and after that point, they are no longer going to be active, which means that you won't have insurance protection.

After that period of time, your insurance needs should be over and you will likely not need insurance with the extra money saved.

Waiver of Premium is an additional provision (sometimes also called a rider) in most Life Insurance policies which allows to stop paying premiums after the insured person has been disabled for a given period of time (usually six months) due to an illness or an injury.

Reinstatement Provision Most life insurance policies will grant the policy owner the right for a limited period of time to reinstate a policy after it has lapsed.

In such instances, a few insurance providers provide a lock - in period, where the policyholder can return the policy to the insurance company for no charge or penalty after a short span of time.

Waiting period: A certain period of time that passes after a life - changing event before a policyholder can receive insurance benefits.

Usually, a travel insurance policy provides medical coverage for up to 180 days after travelers have returned home, and policyholders can get financial recovery for medical expenses that are incurred for the treatment of post-surgery infections within this period of time.

The big difference that most people know is that term life insurance ends after a specific period of time, while whole life insurance lasts for your entire life.

Waiver of Premium With some types of life insurance policies, after a period of time you will be able to stop making life insurance premiums once the value builds up.

This comes as a surprise for many people when trying to obtain insurance after they haven't had coverage for a period of time.

If your car is not in use after a period of 28 days and you suspend the insurance by returning your certificate and disc to your insurer, you will receive a pro-rata refund of your premium paid at the last renewal date for the period of suspension (subject to possible administration fees) based on the time your car is out of use.

A majority of policies waive the exclusion for pre-existing conditions, provided you insure to the full value of your prepayments and buy the insurance within a specified period of time after you make your first payment or deposit, typically one to two weeks though sometimes longer on a few policies.

Cash value life insurance does not expire after a certain period of time.

Many states have regulations in place that prohibit insurance companies from penalizing drivers for tickets after a certain period of time, usually three years.

Just like with a traditional term insurance plan, you'll buy a no medical exam for a certain period of time, and after that point you'll no longer have insurance coverage.

As mentioned, whole life insurance policies are permanent, meaning they don't expire after a certain period of time as long as the premiums are paid on time and in full.

After a loss like a fire, or another loss that prevents you from using your apartment for a period of time, you'll find that your AQ Rittenhouse Apartments renters insurance offers loss of use coverage.

Incontestability Clause definition: makes a death benefit payout from a life insurance company incontestable after a certain period of time has passed, typically two years, regardless of any misrepresentation or concealment.

With some types of life insurance policies, after a period of time you will be able to stop making life insurance premiums once the value builds up.

A convertible term life insurance policy allows you to convert to a permanent life insurance policy after a certain period of time.

After an insurance policy is issued you have a certain period of time (usually up to 30 days) during which you can change your mind and cancel the policy for any reason whatsoever.

Some types life insurance policies expire after a certain period of time, while others don't.