Sentences with phrase «insurance contract»

A disability income rider offers financial security to the individual who owns a life insurance contract in the event of a disability taking place.

Grace period is a provision made in insurance contracts that provides you some extra time beyond due date during which financial obligations like premium payment may be met without penalty.

This usually gives the policy owner the right to renew a term life insurance contract for an additional period equal to the period for which the contract was originally written.

This is because the policy is an annual renewable term life insurance contract with a separate savings component.

As a part of this agreement, the business will purchase separate life insurance contracts on the lives of the owners.

At Life Ant we recommend that only clients who fully understand the product consider a universal life insurance contract as a viable permanent life insurance option.

Second - to - die life insurance: A life insurance contract which covers two lives and provides for the payment of the proceeds upon the death of the second insured.

Term life insurance is a temporary insurance contract between a person and an insurance company.

Take a close look at the car insurance contract before you sign the dotted line.

Here, electronic insurance policy will mean a policy document which is an evidence of insurance contract issued by an insurer and digitally signed.

Insurance companies are the second party in auto insurance contracts, since these contracts are agreements between two parties.

The health insurance contract should set forth what is and is not covered in detail (in addition, there would be a short summary version).

Living benefits for variable insurance contracts do not have a good theory behind them, because the performance of asset markets is unpredictable.

A clause written into most term insurance contracts allows a policyholder to make that conversion.

They are individual insurance contracts that invest in one or more underlying assets, such as a mutual fund.

Such plans are a long term life insurance contract where the policyholder has to pay premium throughout the tenure of the policy or may opt for single pay or limited payment option.

The most important feature of a life insurance company is being financially able and willing to provide the protection guaranteed in the life insurance contract if the need to file a claim should arise.

So eliminate other options early on and ask for insurance quotes from the top three brands you are most likely to sign insurance contract with.

Should you become seriously ill or disabled, the waiver of premium benefit allows you to maintain your life insurance contract without making your premium payments.

Just like most insurance contracts, travel insurance provides coverage for specified reasons.

If you would like to search for new insurance contracts right now, try using the life insurance rate quote tool for assistance.

They will also address some of the latest developments in how federal and some state courts are interpreting insurance contracts.

Therefore, insurance contracts offer a «grace period» which begins as soon as the owner fails to make a premium payment.

A temporary insurance contract pending the execution of the policy contract.

Variable universal life insurance contracts contain surrender charge provisions.

And third is life settlements, which are life insurance contracts held on someone over the age of 65 that no longer wants to own their life insurance plan.

There are many types of insurance contracts because there are many types of insurance.

Generally, amounts you receive under a life insurance contract paid by reason of the death of the insured are not included in your gross income; such proceeds are received tax - free.

In a group insurance contract, the policy owner is the employer or an organization, and the policy covers employees or members of that particular organization.

The endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its «maturity») or on death.

If what you're doing doesn't violate the terms, it doesn't matter if you're acting in bad faith (only insurance contracts require good faith beyond avoiding plain fraud).

There are numerous types of life insurance contracts available.

The government has not historically gone into private insurance contracts — the purpose of insurance is to mitigate risk.

Insurance companies limit their risk by the use of exclusions and other terms in the actual insurance contract — the fine print.

In an accident insurance contract, the individual insured is responsible for paying a deductible that has to be met for emergency purposes.

Some financial advisers suggest that you more than likely may not want or be able to afford a life insurance contract once our retired.

This provision gives you an opportunity to review the full life insurance contract after receiving your issued policy.

Term insurance contracts do not have any cash value, typically are not eligible to receive dividends, and will expire at some point in the future.

We have years of experience working with all kinds of clients and different insurance contracts.

Riders are an additional guarantee options that are available to a life insurance contract holder.

However, it's beneficial to carefully read the clauses stated on the auto insurance contract so that you know if you're completely protected or not.

An insurance endorsement is an amendment or addition to an existing insurance contract which changes the terms or scope of the original policy.

Joint life insurance contracts come in two forms, first to die and second to die, depending on which death triggers the death benefit payment.

The extent of these default insurance contracts is often mentioned in the media as being in the 50 trillion [with a «t»] range.

Commercial insurance contracts are forbidden because they are based on «ambiguity» and «gambling,» betting on mortality tables, it would appear.

The value of a life insurance contract varies from person to person, even if major underwriting variables are the same.

Variable universal insurance contracts mostly use mutual finds as their growth engine.

The proceeds or benefit that is payable to the beneficiary of a life insurance contract upon the death of the insured.

You can also cover all participants under single insurance contract for the whole project to avoid gaps in cover.