Sentences with phrase «insurance contracts allows»

One more option offered under Level Term Insurance contracts allows you to protect your monthly premium if you are unable to work due to an illness or an injury.

Some life insurance contracts allow the dispensation of benefits before someone dies.

Life insurance contracts allow for multiple layers of beneficiaries to be named, in the event that a named beneficiary predeceases the insured.

This means that whole life, universal life, and variable universal life insurance contracts all allow loans to be taken out.

The insurance contract allows revision of pricing.

Not exact matches

While the best interest contract exemption (the BIC, or BICE) would allow advisors to continue to sell traditionally commission - based products, such as variable and equity indexed annuities, it also exposes the insurance carrier to a heightened liability standard.

Most notably, it allows insurance agents or brokers to receive commissions, or other indirect compensation (e.g., 12b - 1 fees) that can vary based on the advice given, as long as the «Best Interest Contract» Exemption (BICE) applies.

A fixed annuity is a contract with an insurance company that allows you to accumulate assets for the future.

Bob MacDonald, founder of LifeUSA, writing in Forbes, defines an annuity as a long - term contract between a buyer and an insurance company that allows the accumulation of funds on a tax - deferred basis for later payout in the form of a guaranteed income, the core strength being the safety the guarantees.

If the answer to question 1 is «Yes» then the SCOTUS made a grave error in allowing corporations to pay their employees less than they agreed to in the contract to provide health insurance coverage regardless of their faith in return for hours worked.

We are not contracted with any insurance companies, which allows us to provide the kind of personalized service and dedicated time that our patients value.

These contracts allow the agency to avoid their tax and National Insurance liabilities and deny supply teachers basic legal rights and entitlements SupplyAdvisor.co.uk allows supply teachers to:

Term life insurance with a return of premium rider allows the owner to get his or her money back at the end of the contract period.

Some term insurance contracts have a convertibility provision which allows «conversion» to a permanent policy without submitting additional medical evidence of insurability.

This benefit is similar to what is allowed for the cash value growth of a life insurance contract.

The presence of an MVA helps protect the insurance company against early withdrawals from the annuity, and in turn, the MVA allows the insurance company to generally credit a higher interest rate to the annuity contract.

The insurance industry often shows what is called an «MEC guideline» in policy illustration software that allows the insurance agent to easily avoid creating an endowment contract for his clients.

Cash value life insurance, whether whole life, IUL, or VUL, allows for the tax - free growth of funds in a policy's cash account unless the policy is canceled or surrendered, transferred or assigned to another owner, or the IRS no longer designates the policy a life insurance contract.

Several variations of term insurance do allow for level premiums throughout the duration of the contract.

Finally, like all insurance contracts, they allow you to name a beneficiary.

Like other types of cash value life insurance policies which allow policy loans, most annuity contracts allow owners to borrow against the annuity contract's accumulated cash value.

For seniors, the goal is to speed up the cash value accumulation process either without the life insurance contract becoming a Modified Endowment Contract (MEC) or allowing a MEC intentcontract becoming a Modified Endowment Contract (MEC) or allowing a MEC intentContract (MEC) or allowing a MEC intentionally.

The pro of whole life is that the higher price tag can be mitigated by getting this type of life insurance policy at a young age, adding specific riders that maximize the cash value up to, but not crossing the line, of becoming a modified endowment contract MEC, and allowing you to utilize that cash value in as little as 30 days.

Named after Section 1035 of the Internal Revenue Code, a 1035 exchange allows life insurance policy owners (and annuity contract owners) to exchange an old policy (or contract) for a new one from a different insurance company without tax consequences.

This provision allows you to exchange an existing insurance policy or annuity contract for a newer contract without having to pay taxes on the accumulation in your old contract.

A contract between an individual and an insurance company designed to allow for tax - deferred accumulation of investment earnings.

It fascinates me that regulators have allowed the insurance industry such latitude with deposit contracts that are called annuities, but have never once been annuitized.

Each put contract will cost considerably less than the value of 100 shares of stock, allowing you to think of the cost of your options the same way you think of a premium on an insurance policy.

Converting a term policy over into a permanent form of coverage can allow an insured to obtain life insurance protection for life — regardless of future age increases and the possibility of contracting an adverse health condition.

A clause is written into most term insurance contracts that allows you to convert your policy to a permanent one.

A standard fixed annuity is an insurance contract that allows an individual to pay premiums — either in a lump sum or by monthly installments — and obtain set income payments for life.

Some insurance contracts only allow «conversion» in the first few years of the policy, while others allow it at any point during the term.

Not surprisingly, car rental companies do not allow their cars on these roads at all (or the contract fine print voids your insurance).

Sections 22 (5) and 22 (6) of the LA 2002 allow insurers to contract out of the Act where the insurance contract can be characterized as a «business agreement,» which in effect means that the insured is not a «consumer.»

Furthermore, as with the Insurance Act, contracting out of this implied term will be allowed in non-consumer contracts subject to careful drafting but it is likely that the Enterprise Act will at least result in more active, earlier and open engagement between the parties about any difficulties with the claim.

An amendment to a car rental contract, for example, to add insurance or to allow you to upgrade your original deal to get a nicer vehicle, normally wouldn't incur a new rental car tax.

When the insurance company violates that contract, you are entitled to file a claim against them for bad faith, in essence allowing you to pursue the coverage you were entitled to and in addition recover damages from them for breach of contract.

Florida law allows motor vehicle insurance contracts to exclude scooters and mopeds from Personal Injury Protection (PIP) policies.

Under Proposition 103, enacted by California voters, an insurance company is not allowed to raise rates for an accident which is not the fault of the person who holds the insurance contract.

The Court reasoned that it would be unfair to the insurance company to allow an increased risk for an owned vehicle which was not listed in the contract to be covered without allowing the liability company to increase premiums to account for such risk.

Some insurance contracts only allow «conversion» in the first few years of the policy, while others allow it at any point during the term.

Avoid Modified Endowment Status: If the subsequent premiums paid into the new policy, other than the exchange proceeds, are within the new 7 - pay limit, then a 1035 Exchange of a life insurance policy allows the policy owner to place the original contract's entire value in the new policy without creating a modified endowment contract, or MEC.

A renewable term is a clause in a term insurance contract that allows the beneficiary to extend the coverage term for a set period of time without having to requalify for coverage.

A clause is written into most term insurance contracts that allows you to convert your policy to a permanent one.

A collateral assignment of life insurance is a contract that allows the death benefit of a policy to be used as collateral, this is usually used in business loans (but also equipment, structured settlement buyouts and other loans).

Most insurance policies allow you to lend your car to a friend, but renting it out for money may violate the contract with your insurance company.

Waiver of premium: Some insurance contracts have a provision in place which allows the insurance company to waiver the collection of premiums while keeping the policy in force if the policyholder becomes unable to work because of an accident or injury.

The proceeds of a life insurance contract are payable immediately, allowing heirs to take care of estate duty liabilities, funeral costs, and other debts without having to liquidate assets, often at a fraction of their true value.

The National Association of Insurance Commissioners (NAIC) launched a tool in November 2016 allowing people to find the life insurance policies and annuity contracts of their dead loInsurance Commissioners (NAIC) launched a tool in November 2016 allowing people to find the life insurance policies and annuity contracts of their dead loinsurance policies and annuity contracts of their dead loved ones.

T - PAK premium financing allows you to consolidate a variety of different insurance contracts into one convenient monthly payment.