Sentences with phrase «insurance upon termination»

They also include accidental occupational death benefits, conversion of life insurance upon termination and a waiver of insurance premiums for the disabled.

Not exact matches

By definition, the paid up value of a life insurance policy is the value an owner receives from the insurer upon default or surrender or early termination of the policy before its maturity or the insured's death.

For example, a valid authorization may state that it expires upon acceptance or rejection of an application for insurance or upon the termination of employment (for example, in an authorization for disclosure of protected health information for fitness - for - duty purposes) or similar event.

Also, upon termination of employment, the employee usually does not convert their term life coverage to a permanent life insurance policy, because the premiums are much higher.