Sentences with phrase «insurance contract holder»

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

A contingent beneficiary is specified by an insurance contract holder or retirement account owner as receiving proceeds if the primary beneficiary is deceased, unable to be located or refuses the inheritance at the time the proceeds are to be paid.

Not exact matches

As amended, Section IV (b) of PTE 84 - 24 requires Financial Institutions to obtain advance written authorization from an independent plan fiduciary or IRA holder and furnish the independent fiduciary or IRA holder with a written disclosure in order to receive commissions in conjunction with the purchase of insurance and annuity contracts.

Rapidly increasing interest rates causing contract holders to surrender life insurance and annuity policies, thereby causing realized investment losses, and reduced hedge performance related to variable annuities;

If you're not familiar a term life insurance policy is a contract that pays a specific amount of money upon the policy - holder's death.

Life insurance is simply a contract between an insurance company and a policy holder to provide a lump sum payment to a designated beneficiary when the policy holder dies.

Insurance is a type of a contract between the policy holder and the insuranceInsurance is a type of a contract between the policy holder and the insuranceinsurance company.

The futures price embeds the risk premium paid to long holders of futures contracts for supplying insurance to producers.

They stopped just short of accusing me of getting insurance because of this issue when I have been a long time pet insurance holder with them through my original VPI contract.

The mortgage funds were not handed over or transferred to the registered title holder, or the person everyone assumed was the registered title holder, and thus the funds were not paid in accordance with the terms of the insurance contract.

A life insurance company is an organization that provides contracts between the «insurer» and the policy holder.

A term life insurance policy covers the policy - holder up to the age specified in the contract.

A contract holder of a segregated fund, such as a pool of investments tied together in an life insurance policy, pays premiums to an insurance company so that the contract holder will receive an agreed upon sum in the case of loss.

A Life Insurance Policy is essentially a contract between an insurance holder and an insurance company wherein the parties agree to certain conditions which provide the policyholder a lump - sum amount of money in case of his / hInsurance Policy is essentially a contract between an insurance holder and an insurance company wherein the parties agree to certain conditions which provide the policyholder a lump - sum amount of money in case of his / hinsurance holder and an insurance company wherein the parties agree to certain conditions which provide the policyholder a lump - sum amount of money in case of his / hinsurance company wherein the parties agree to certain conditions which provide the policyholder a lump - sum amount of money in case of his / her death.

The insurance policy contract clearly outlines definitions and special limits to let you know what to expect as an insurance policy holder.

Life insurance is a contract between the policy holder and the insurance company where the insurer agrees to pay a sum of money to the beneficiary of the policy when the person who is insured dies.

For this reason though the policy holder may need to pay a higher premium for inflation protection in their insurance contract, they may consider it wise to do so because in the event of a claim they will want to ensure their standard of care is not compromised in the long - term.

The grace period of an insurance contract is there to give policy holders a little additional peace of mind if they find that through whatever circumstances they are unable to pay an installment of their premium.

There is no established legal right through an insurance contract or by virtue of being a policy holder with a specific insurance firm, to any entitlement or direct interest in an insurance firm's general account.

You enter into a contract with your policy holder (the life insurance company) and pay a premium each month to keep the policy valid.

The grace period of an insurance contract is there to give policy holders a little additional peace of mind if they find...

Life Insurance or assurance is a legal contract between the insurer or the insurance company, and policy owner / holder who is the person availing of the plan and whose family will receive money upon his / her death or any other event such as terminalInsurance or assurance is a legal contract between the insurer or the insurance company, and policy owner / holder who is the person availing of the plan and whose family will receive money upon his / her death or any other event such as terminalinsurance company, and policy owner / holder who is the person availing of the plan and whose family will receive money upon his / her death or any other event such as terminal disease.

But the crux of the issue is that the insurance company had a contract with the policy holder, your brother, and not with the beneficiary.

Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder).

It defines life insurance «as a contract between and insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.»

Unlike term life insurance, which covers the contract holder until a specified age limit, a traditional whole life policy never runs out.

In order to safeguard the funds of annuity contract holders or policy owners, State Laws demand the insurance companies to meet strict financial requirements.

The annuity in which a policy holder pays a premium to the annuity providing insurance company that issues a contract promising to pay interest or gains made on the deposit while deferring the income and the taxes until you actually withdraw the money or begin receiving an income.

A traditional whole life policy is a type of life insurance contract that provides for insurance coverage of the contract holder for his / her entire life.

The contract is between a «carrier» or insurance provider and the insured person or «policy holder».

In order for the policy holder to receive his or her cash value, he or she must surrender the policy contract, which serves as the documentation of his or her rights and obligations in his insurance policy, to the issuing life insurance company.

So there is no maturity value (no money is paid out in the event of insurance holder surviving without contracting cancer — which is good news in itself)

Life insurance is a contract between an insured (insurance policy holder) and an insurer, where the insurer promises to pay a designated beneficiary a sum of money (the «benefits») upon the death of the insured person.

Similar to any other type of asset, insurance offers the contract holder with a cash flow if a certain event occurs.

Technically, term plans can be described as a contract between the person insured and the insurance company wherein the company agrees to payout the lump - sum amount, referred to as the Sum Assured if the policy holder expires during the term of the plan.

The policy holder would then normally expect to be refunded some portion of the unearned premium; of course the precise amount will depend on the individual insurance contract.

This is so that the state can audit the performance of agents and brokers to make sure that they are complying with all relevant local legislation particularly where a breach might affect policy holders or the contract with the insurance company.

Beneficiary is the person named in the insurance contract who is entitled to receive the benefits of the policy upon the death of the policy holder.

This has led to the creation of a number of special insurance riders that provide several different types of living and death benefit protection to contract holders.

Life Insurance: It's a contract between the policy holder and insurance company, where the company promises to pay a stated death benefit in the event of death of a poliInsurance: It's a contract between the policy holder and insurance company, where the company promises to pay a stated death benefit in the event of death of a poliinsurance company, where the company promises to pay a stated death benefit in the event of death of a policyholder.

A temporary insurance contract that provides the policy holder with proof of insurance coverage until a permanent policy is available from the provider.

Some states even require the insurance company to send a notice of cancellation before they can terminate the contract with the policy holder.

A life insurance plan is a contract between policy holder and the insurance company so as to provide life cover to the policy holder.

This is a mutual agreement, meaning both the insurance carrier and the policy holder agreed to go into contract with one another.

In legal terms, life insurance is a contract between an insurance policy holder (insured) and an insurance company (insurer).

The specific language in a renters insurance policy that specify your rights and responsibilities as a policy holder, as well as those of the insurance company you have contracted with for coverage.

Life insurance is a contract between an insurance policy holder and an insurer.

Alternatively, in life insurance contracts, an accelerated option can refer to the option that allows the policy holder to apply the accumulated cash value to pay off the policy.

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

A participating policy is an insurance contract that pays dividends to the policy holder.