Sentences with phrase «insurance policy period»

This add - on covers private cars, with a maximum of two claims in one vehicle insurance policy period

The coverage will be available only for a maximum of two claims during your motor insurance policy period.

This return of premiums paid does not include any substandard charges (extra charges for health problems) and rider charges (extra benefits such as disability coverage), if any, which will be paid to the policy owner at the end of the life insurance policy period, if the life insurance policy is still in force at that time.

Not exact matches

For Personal Insurance, retention is the ratio of the expected number of renewal policies that will be retained throughout the annual policy period to the number of available renewal base policies.

If you're getting insurance in order to make sure your family can cover key expenses that won't be applicable after a certain period of time, like your child's college or your mortgage, a term policy is likely a better fit.

The primary difference between permanent and term life insurance is that term policies only provide coverage for a fixed period of time, such as 20 years.

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

No medical exam life insurance policies usually have no waiting period, but the company will investigate the circumstances of your death if it occurs during the first two years of coverage.

If you die during the grace period, your beneficiary will receive the full value of the death proceeds of your life insurance policy minus any premium that is owed to your life insurance company.

Since guaranteed acceptance policies offer life insurance coverage without health or medical questions, they generally have a two to three year waiting period.

Compared to term life insurance, GUL policies have a higher premium because they cover a longer period of time.

A term life insurance policy is simply a type of life insurance that lasts for a specific period of time called a term.

At the very beginning of setting up an annual renewable term life insurance policy, you will lock in a period of insurability.

For an individual disability insurance policy, the typical elimination period is 90 days.

While owners of many term life insurance policies have the right to renew the policy once the period draws to a close, the cost will increase upon renewal, and can be considerable.

«The choice between term life or permanent life insurance is not a case of which policy is better; it's a case of which policy is appropriate for the current period in a person's life,» Lynch said.

Since life is unpredictable, term insurance often has an added feature: the ability to convert the term policy to permanent coverage within a certain conversion period — for example within the first 10 years of a 20 year policy.

He is referring to an important component of some, but not all, term life insurance policies — the ability to convert all or part of the term policy, during the conversion period, into permanent life insurance, irrespective of the policyowner's health or proof of insurability.

To alleviate such risks he may cut prices, initiating sales periods, or hold key persons insurance or have a staff lending and borrowing policy with a nearby store in the same chain.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

The two primary categories of life insurance policy are term and permanent, with term policies only offering coverage for a fixed period of time, while permanent policies last so long as you continue to pay the premiums.

Term policies provide life insurance coverage for a specified period of time.

Of course, the insurance policy has a 60 - day deductible period.

The governor is expected to announce a new policy today that gives victims of domestic violence and spousal abandonment the ability to obtain insurance coverage beyond the normal enrollment period, which runs from Nov. 1 through Jan. 31.

«[E] ach policy of aircraft accident liability insurance... shall specify that it shall remain in force, and may not be replaced, canceled, withdrawn, or in any way modified to reduce the minimum standards set forth in this part, or to change the extent of coverage by the insurer or the carrier, nor expire by its own terms in regard to coverage for the carrier in its common carrier operations in air transportation, until 10 days after written notice by the insurer (in the event of replacement, by the retiring insurer), or by the insurer's representative, or by the carrier to the Department... which 10 - day notice period shall start to run from the date such notice is actually received at the Department.»

The Porsche Approved Warranty can be purchased for a period of either 12 months or 24 months and can be extended provided your Porsche has done less than 125,000 miles and be under 14 years old for a 1 year insurance policy or 13 years old for a 2 year insurance policy.

At certain points during the period of coverage, you can convert your term policy to a permanent life insurance policy (such as a whole life insurance policy or universal life insurance policy) and premiums are determined by your original health rating.

Most life insurance policies have what is called a contestability period.

If you fail to pay the premiums, the insurance company can cancel your policy after a specified grace period.

A term life insurance policy can cover a period as short as a year or as long as 30 years or more.

Life insurance can be bought either as a permanent life insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of time.

No medical exam life insurance policies usually have no waiting period, but the company will investigate the circumstances of your death if it occurs during the first two years of coverage.

Many insurers offer convertible term life insurance policies, meaning that for a specified period of time you can convert the term policy to a permanent life insurance policy without going through a new medical review.

Term life insurance policies can be purchased to cover nearly any period of time, and will stay in effect for the entire period as long as you continue to pay the premiums (the cost of the policy, which can be paid on a monthly or annual basis).

A term insurance policy covers a specific period of time, such as 10 or 20 years.

Unlike permanent life insurance policies which remain in effect for your entire life (assuming your premiums are paid on time), term life policies remain in effect for a specific term or period of time.

With a term life insurance policy, you can secure financial protection for a set period of time, or «term.»

If you lie when completing your life insurance application and your insurance company becomes aware of this for any reason during the initial waiting period (typically two years), your insurer has the right to void your policy.

Except the insurance policy includes car rental coverage, you will need to pay for car rental through the period your car is being repaired.

With limited pay life insurance, you pay into the policy for an abbreviated period of time.

If you're getting insurance in order to make sure your family can cover key expenses that won't be applicable after a certain period of time, like your child's college or your mortgage, a term policy is likely a better fit.

With most LTD insurance policies, the insured only need not be able to work at his or her current occupation for an extended period of time due to an illness or injury.

Once that period has been fulfilled, your policy is paid up and you do not have to make another insurance premium payment.

So even though it is more expensive than the cheaper whole life insurance to age 100, you will be paying into your policy for a shorter period of time, say for 10 years or to age 65.

This is important because the cost of a life insurance policy is correlated to the number of years it lasts, since you're more likely to pass away during the period of coverage.

Your LTD insurance cost also depends on the policy's definition of «total disability», benefit period, monthly benefit amount and elimination period.

Critical illness insurances works in a very simple way: if you are diagnosed with any of the critical illnesses listed in your policy and survive the waiting period (typically it is 30 days), you will receive a lump sum payment that you can use towards anything you would like.

However, some people are fortunate as they can tap into their savings or cash value life insurance policy for their survival for a few months without working, while other can't afford to stop working for long periods of time.

Convertible term life insurance is simply a term policy that can be converted to a whole policy at any point during a specified period of time (typically several years) without you having to undergo a new health assessment.

A minimum period of one month to the expiry date of your existing policy will give you ample opportunity to source for many car insurance quotes as possible.