Sentences with phrase «insurance policies are purchased»

Term life: Term life insurance policies are purchased for a given amount of time, or a term, that is usually between 5 and 30 years.

Many term life insurance policies are purchased for mortgage protection.

Most of the life insurance policies are purchased for saving tax under section 80C.

In general, life insurance policies are purchased by you and maintained by you, and they usually build cash value that you can even borrow against at some point during your life.

Some life insurance policies are purchased for the sole purpose of providing a death benefit.

Term life insurance policies are purchased for a set number of years, such as ten, fifteen, twenty, or even thirty.

Key man life insurance policies are purchased by companies to provide financial security to the business.

In other words, most individual life insurance policies are purchased by the insured to provide financial security for the his / her family or to cover a specific personal need.

Life insurance policies are purchased by policy owners for different sets of reasons.

As its name implies, term life insurance policies are purchased for a set amount of time — or term.

The majority of insurance policies are purchased to provide you with some sort of coverage and protection for potential financial hardship.

Most of the time term life insurance policies are purchased to cover the most financially - vulnerable years, such as when your children are small and you have quite a few years left on your mortgage loan.

Other times term life insurance policies are purchased to protect financial responsibilities that may crop up later in life, such as the purchase of a vacation home or your adult child's graduate school tuition.

In most cases, life insurance policies are purchased to replace lost income and pay for funeral and memorial expenses if you or your spouse dies.

An Owner's Title Insurance policy is purchased at the time a property is purchased and protects you, the buyer.

These three obstacles are put into place to ensure a life insurance policy is purchased with good intentions.

In other words, the life insurance policy is purchased as an investment vehicle rather than to assist the beneficiaries of the policyholder.

That may depend on the state laws pertaining to life insurance and suicide, how long ago the life insurance policy was purchased, if the premiums were all paid up, and any suicide exclusion in the life insurance contract.

Some plans cover pre-existing conditions if an insured person is currently covered by an appropriate Health Insurance plan, or in case the Travel Health Insurance policy is purchased within 21 days from the date the traveler made the first trip payment.

Specifically, an umbrella insurance policy is purchased as a supplement to liability insurance.

After the Nampa renters insurance policy is purchased, be sure that you understand how to file a claim in case one is ever required.

Ms. Stemer purchased the Cancel For any Reason option, but when the insurance policy was purchased, the wrong deposit date was provided.

As a rule of thumb, if a life insurance policy is purchased within two years before the suicide, the death benefit may not be paid.

A term life insurance policy is purchased for a set period, or term, such as ten or twenty years.

The rider on a life insurance policy is purchased separately from the policy and it will provide additional benefits, typically at an additional premium cost.

But that is also a matter of context in which a large life insurance policy is purchased on a child, who, for example, if you know will go to college and will most probably borrow loans for education, a $ 200,000 policy does not sound high.

There is really no better way to remove a huge financial burden from dependents / family members than to ensure that a perfectly tailored insurance policy is purchased at the right moment.

Insurable interest must exist at the time the life insurance policy is purchased.

When a life insurance policy is purchased through a life settlement, the new owner — an institutional investor — becomes the beneficiary, but they also assume all premium payments.

The pre-existing condition exclusion waiver does not grant coverage for your husband's cancer since he was not medically able to travel when the travel insurance policy was purchased.

In case, the life insurance policy is purchased after 1st April 2012 in the name of self / child / spouse, then the premium paid towards life insurance policy is eligible for the tax benefit of up to 10 % of the sum assured.

Occupation plays a key role when a car insurance policy is purchased - it determines the quantum of car insurance discount you will qualify for.

While most travel insurance policies look at the two events through a similar lens, how they are covered depends on when a travel insurance policy is purchased.

From an insurance standpoint, that means there are a lot of new insurance policies being purchased in Arkansas, and a lot of new customers learning to navigate the specific laws, regulations, particularities, and potential pitfalls of Arkansas Insurance.

In most cases, a life insurance policy is purchased to provide financial protection to your family until your mortgage and debts are paid off and your children have moved out.

When a new life insurance policy is purchased, the agent or broker representing the insurance company in the transaction usually receives a fee which is computed as a percentage of the premium.

Not exact matches

As a newbie trader, your best bet will be to purchase insurance through your freight forwarder, who has a blanket policy, or directly from the air carrier.

You can purchase a contingent policy, which is about half the price of regular insurance and will serve as backup insurance in the event of a catastrophe.

«Depending on plan design, consumers who purchase short - term, limited - duration insurance policies and then develop chronic conditions could face financial hardship as a result, until they are able to enroll in PPACA - compliant plans that would provide coverage for such conditions,» the administration's report said.

On Monday, two powerful conservative leaders in the House declared the blueprint unacceptable because it relies on giving people refundable tax credits to purchase insurance — a policy mechanism that, in a very rough sense, resembles Obamacare's subsidies to buy mandated health coverage (and is therefore being slammed by conservatives as just another entitlement program).

However, homeowners» policies are limited in coverage and you may need to purchase additional policies such as home - based business insurance to cover other risks, such as general and professional liability.

Small businesses may not be able to match the cyber security investments made by their deeper - pocketed competitors, but they can still purchase cyber insurance policies without breaking the bank.

But while the total number of U.S. life insurance policies — bought by both private citizens and employers — is shrinking, standard life plans are still among the most popular form of coverage purchased.

(a) Schedule 2.7 (a) of the Disclosure Schedule contains a list setting forth each employee benefit plan, program, policy or arrangement (including any «employee benefit plan» as defined in Section 3 (3) of the Employee Retirement Income Security Act of 1974, as amended («ERISA»)(«ERISA Plan»)-RRB-, including, without limitation, employee pension benefit plans, as defined in Section 3 (2) of ERISA, multi-employer plans, as defined in Section 3 (37) of ERISA, employee welfare benefit plans, as defined in Section 3 (1) of ERISA, deferred compensation plans, stock option plans, bonus plans, stock purchase plans, fringe benefit plans, life, hospitalization, disability and other insurance plans, severance or termination pay plans and policies, sick pay plans and vacation plans or arrangements, whether or not an ERISA Plan (including any funding mechanism therefore now in effect or required in the future as a result of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant of the Company (collectively, the «Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the Company or (ii) the Company or any ERISA Affiliate (as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligation.

AD&D insurance can be purchased as a standalone policy or as a rider to another life insurance policy, such as term life insurance.

They do all the legwork involved with making tough insurance decisions on behalf of their customers, and then help them with the application and purchasing process — explaining policies and the entire process in plain English so you know what you're getting.

Many banks will also require a borrower to insure an asset being purchased over the course of a loan (with an insurance policy acquired for that purpose), to protect the value of the asset being purchased with the loan proceeds.

Life expectancy and retirement aside, if you're purchasing a life insurance policy to protect a specific interest — such as a business loan or mortgage — you may also need to think about the potential duration of that need when considering your options.

With term life insurance, however, the policy is purchase for a set period of time.

A sibling who is older should purchase their own renters insurance policy, separate from the sibling they are staying with.