Sentences with phrase «insurance policy applicant»

When automobile insurance companies grant a premium rate to an auto insurance policy applicant, they first need to evaluate some driver details.

With these policies, as the name implies, it is not required that the life insurance policy applicant undergo a medical examination to qualify for coverage.

Not exact matches

Delays tend to be more costly for term policies, as well as for older applicants, said Steven Weisbart, a senior vice president and chief economist for the Insurance Information Institute.

Private insurance companies are not allowed to exclude applicants for the basic insurance policy on medical grounds.

The SBA requires that all approved SBA loan applicants must designate lender's loss payable on their insurance policy when their business property is used as collateral for the loan.

To rescind a policy of insurance, the insurance company has the burden of proving that the applicant for insurance made a misrepresentation and that the insurance company would not have issued the policy had it known the truth.

Term life insurance quotes online for policies requiring no medical examination can help applicants with temporary needs.

A longer term or higher death benefit (as well as the age and health rating of the individual policy applicant) determines the cost of this insurance.

Critical illness insurance rates depend on the policy and, potentially, the health of the applicant.

Critical illness insurance can come in the form of a guaranteed issue policy, where the only requirement is a health questionnaire, or a fully underwritten policy where the applicant's health is taken into account.

To buy certain types of life insurance policies, applicants must take a medical exam that includes:

Back in the day, any form of flying was considered extremely hazardous and most life insurance companies would either force the applicant to pay an exorbitant amount or they would add an aviation exclusion clause to the policy, in other words, if you died as the result of a plane crash, your beneficiaries wouldn't receive the death benefit.

In order to increase your insurance coverage under your new converted policy, you will need to complete another application and meet the medical qualifications required of any new applicant.

Preferred Rating Class: One of the best premium rate classes available on life insurance policies for applicants that are determined by underwriting to be in better than average health.

Rebating: The act of giving something of value to an applicant by the agent / broker in return for purchasing a life insurance policy (e.g. sharing commissions).

Applicant: The person applying for the insurance policy.

Those applicants that are turned down for traditional term life insurance can still get coverage in a majority of cases with a guaranteed death benefit policy.

When applying for a life insurance policy, it is often required that the applicant undergoes a medical examination.

The insurance company may not be willing to take on the additional risk of having to pay out the premium on a policy on a high risk applicant.

If the applicant dies during the underwriting process, the insurance company will pay a death benefit if he / she would have been approved for the policy.

Also, some insurance companies will remove a table rating if an applicant is willing to switch from a term life insurance policy to a whole life insurance policy.

The percentage of rent that can be applied against the mortgage payment will depend on each lender's policies, the mortgage insurance (if any), and the overall credit score of the applicant etc..

Life insurance rates are based on different underwriting factors, and there are two that affect the policy rates the most: age and health of the applicant when the policy is purchased.

Mutual of Omaha is one of the most recognizable life insurance companies on this list, but most applicants don't realize that they also have great no medical exam policies as well.

When purchasing a final expense life insurance policy, it is important for an applicant to determine the type of coverage that they need — term versus permanent — as well as the amount of coverage that will be appropriate for their specific needs.

Most life insurance policies do require the applicant to undergo a physical exam, to determine how much of risk they may be to the insurance company, though there is the option of looking into a no medical exam life insurance policy, at a high premium rate.

In general, American General is one of the very best insurance companies for high - risk applicants, but the company is especially strong in underwriting policies for those who have type 2 diabetes.

For example, suppose a Medicaid applicant has a whole life insurance policy with a $ 1,500 death benefit and a $ 700 cash surrender value (the amount you would get if you cash in the policy before death).

In addition, people up to age 95 can apply for a Banner Life term policy, which is nearly unheard of in the insurance industry (most other insurers cap applicants at age 65 or 75).

There are a lot of life insurance applicants that prefer the idea of being able to keep one policy for the rest of their lives, instead of having to reapply in the future.

Applicants can now access a wide variety of policy options to meet their personal needs, including products such as mortgage life insurance, decreasing term life insurance, key person insurance, credit life insurance, and many others.

Final expense life insurance provides smaller coverage policies without requiring applicants to meet the same standards as other life insurance policies.

By forgoing it, applicants pay more — maybe more than for a term life insurance policy.

In addition, policies that are «traditionally» underwritten, will typically require the applicant to take a medical exam, though if needed, we can find those carriers that will offer a policy for life insurance with no medical exam.

If an applicant submits a credit application, an insurance policy, or rental property, landlords and other relevant sectors are legally authorized to access the credit report.

The applicant suffered significant injuries and applied for accident benefits, under his father's insurance policy with Aviva Canada Inc. under the Statutory Accident Benefit Schedule — Effective September 1, 2010 (the «Schedule»).

al., [1] the applicant, Aquatech Logistics, held three insurance policies: Aviva provided an automobile policy, Lombard Insurance provided a comprehensive general liability policy, and ACE INA provided a pollution incident liabilitinsurance policies: Aviva provided an automobile policy, Lombard Insurance provided a comprehensive general liability policy, and ACE INA provided a pollution incident liabilitInsurance provided a comprehensive general liability policy, and ACE INA provided a pollution incident liability policy.

In McNaughton, the Ontario Court of Appeal agreed with the applicant's interpretation, holding that where an insurance policy and a statutory condition are at odds, statutory conditions will prevail.

Even for applicants over the age of 50, it is possible to qualify for high - quality life insurance policies at affordable rates.

As part of this screening process, basic types of life insurance policies will require applicants to complete a health questionnaire and to undergo a physical medical examination.

Burial Insurance policy costs depend on the insurance carrier, the general health of an applicant, and his /Insurance policy costs depend on the insurance carrier, the general health of an applicant, and his /insurance carrier, the general health of an applicant, and his / her age.

Graded death benefit describes how a life insurance policy will not pay out if the applicants death occurs during the first two or three years from when the policy was initially placed in force.

For example, an applicant with health concerns might find they only qualify for a guaranteed issue life insurance policy.

With guaranteed issue life insurance policies, because there is no medical exam or underwriting, insurance companies have no information other than the applicant's age and gender on which to base the premiums.

These burial insurance policies offer simplified underwriting, which means that the coverage can fit a broad range of applicants.

6) At this time, a guaranteed issue life insurance applicant must be between the ages of 40 — 80 in order to be eligible for a policy.

It is important to note that because the applicants for guaranteed issue life insurance are typically those who have health issues, the premiums for these policies are much higher than those of traditional life insurance plans.

Regardless of whether a life insurance policy for an applicant age 70 or over is term or permanent, the premium cost of the coverage will depend upon a wide variety of factors.

Furthermore, the older the applicant, the less they will want to submit to a medical examination simply for an insurance policy.

Preferred Plus Rating Class: The best premium rate class available on life insurance policies for applicants that are determined by underwriting to be in better than average health.