Sentences with phrase «insured by a life insurance»

Beneficiary The person or persons who will be paid if the person insured by the life insurance policy dies

Life Insured or Insured: The person whose life is insured by the life insurance contract.

When a person insured by a life insurance policy dies during the term of the policy the proceeds are paid to the beneficiary or beneficiaries.

In addition, some of these plans may be graded death benefit life insurance policies, which means you won't have full coverage until you have been insured by the life insurance company for a least 2 years, depending on the insurance company.

For example, the Life Assured is the person whose life is insured by a Life Insurance policy and whose nominees will receive a pay - out in case of his / her death.

Not exact matches

Another main line of Genworth's business, long - term care insurance, is a risky but growing market, and Genworth pleased investors in 2013 by raising rates and cutting back on some benefits as customers live longer and become more costly to insure.

Dig Deeper: How to Choose Life Insurance How to Properly Insure Your Business and Employees: Hiring Help If you're overwhelmed by the process, don't worry.

But if you're self - insuring by purchasing a health plan on the health insurance marketplace you could be looking at monthly costs in excess of $ 400 depending on where you live.

Generally, amounts you receive under a life insurance contract paid by reason of the death of the insured are not included in your gross income; such proceeds are received tax - free.

Investments in SMART529 are not guaranteed or insured by the State of West Virginia, the Board of Trustees of the West Virginia College Prepaid Tuition and Savings Program, the West Virginia State Treasurer's Office, Hartford Life Insurance Company, The Hartford Financial Services Group, Inc., the investment sub-advisors for the Underlying Funds or any depository institution and are subject to investment risks, including the loss of the principal amount invested, and may not be appropriate for all investors.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

If a corporation owns life insurance and the insured dies, then the death proceeds become part of the general assets of the corporation and the value of the stock owned by each surviving shareholder will be increased by an amount proportionate to his or her interest.

«By expanding driver's licenses to all New Yorkers regardless of immigration status, our campaign can improve the lives of some of the most vulnerable New Yorkers, ensure that everyone can be properly licensed and certified with an inspected and insured vehicle, and will drop insurance premiums for everyone and result in increased revenue for the state,» stated NYIC Executive Director Steven Choi.

If you have a cash value policy and can no longer afford to pay the contract's premiums but still need insurance, for example, your carrier may be able to continue insuring your life by using your policy's cash value to buy term life insurance.

Underwriting requirements: Additional health information required by the insurance company in order to accurately assess the health of the life insured so that it can properly determine the risk of insuring him / her.

Also known as corporate - owned life insurance (COLI), key man life insurance is purchased by a business to insure the life of one of the company's employees.

A key man policy can also be used as an employee benefit, since the life insurance policy can be transferred to the executive or insured employee by the company.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

They believe that once the house or apartment where they live is already insured by the landlord, that the insurance cover them.

Investments in CHET Advisor are not guaranteed or insured by the State of Connecticut, the Connecticut Higher Education Trust Program, the Connecticut State Treasurer's Office, Hartford Life Insurance Company, The Hartford Financial Services Group, Inc., the investment sub-advisors for the Underlying Funds or any depository institution and are subject to investment risks, including the loss of the principal amount invested, and may not be appropriate for all investors.

If the Insured Person told us that he / she was a smoker and it has been 12 months or more since he / she last smoked or used any substance or product containing tobacco, nicotine or marijuana, he / she can apply for non-smoker rates by completing a Business Credit Life Insurance Notification of Change Form.

An added rider to some life insurance policies that pays upon the named insured's death, but only if that death is caused by an accident.

For example, if you are actively serving in the military, you can not be insured by Haven Life (still a great company for many other people), but you may get an excellent term life insurance policy from PrudentLife (still a great company for many other people), but you may get an excellent term life insurance policy from Prudentlife insurance policy from Prudential.

By the by are you adequately insured (life insurance & health insuranceBy the by are you adequately insured (life insurance & health insuranceby are you adequately insured (life insurance & health insurance)?

Direct Equity Exposure — 2.5 Lakhs (Shares of Asian Paints) Life Insurance Term Plan HDFC Life Click 2 Protect — 1 crore (Insured value) Other Insurance plans LIC — 2000 / Month (all plans put together) PPF — 20000 / Year Health Insurance — Provided by Employer MF — SIP's ICICI Direct Focused Blue chip — 1000 / month (10 year horizon) Franklin India Smaller Companies Fund GROWTH — 2000 / month (10 year horizon)

Securities (including mutual funds and variable life insurance), annuities and insurance products are not bank deposits and are not insured by the FDIC or any other agency of the United States, nor are they obligations of, nor insured or guaranteed by, Chemical Bank, or its affiliates.

Family Care Benefit, is a unique proposition by way of which, a part of the life insurance benefit i.e. Rs 100,000 is paid as a lumpsum to the nominee in case of death of the life insured, within 48 hours ** of submission of all relevant claim documents.

That is because the proceeds from a life insurance policy can be used for paying off large debts, ongoing living expenses by the insured's survivors, and for the high cost of the insured's funeral and other final expenses.

Key person life insurance policies are taken out by companies on their employees, with death benefits that are paid to the company, rather than to the insured person or to their estate or heirs.

Proposed Insured: The person named in a life insurance application as the person whose life is to be covered by the insurance.

Suicide Clause: A life insurance policy provision that states if the insured dies by suicide within a certain period of time from the date of issue (usually two years) the amount payable would be limited to the total premiums paid minus any policy loans or outstanding premiums.

Many people are insured by dividend paying mutual insurance companies (these are life insurance companies where the policyholders are partial owners of the company — or perhaps I should say «mutual» owners).

In any case, it is important to note that with the PlanRight final expense whole life insurance policy, regardless of the insured's health condition, provided that the premiums remain paid, the coverage will never be cancelled by the insurance company.

Non-deposit investment and insurance products, such as mutual funds, stocks, annuities and life insurance policies that may be sold through this website or at a Bank branch location, are not deposits, not FDIC - insured, not insured by any Federal Government Agency, not guaranteed by the Bank, and may go down in value (if applicable).

Coatesville, Levittown, and Philly ranked as the three most expensive places to insure a car based on our benchmark profiles, but drivers living here can still knock off hundreds of dollars from their annual car insurance costs by comparing quotes.

Likewise, the insured can not require that assets contributed to the trust be used to pay premiums or otherwise maintain life insurance owned by the trust.

A convertible term life insurance policy can be converted by the owner into a permanent life insurance policy during a specific period of time, without requiring an exam or proving the insured is healthy.

When you add accounts to your portfolio with the same bank, just remember that the FDIC warns consumers that non-deposit investment products, such as mutual funds, annuities, life insurance policies, and stocks and bonds are not insured by the FDIC.

Therefore, if the insured wishes to remain covered by life insurance, he or she will need to re-qualify for insurance at their then - current age and health condition.

Most policies have a 2 - year contestability period, which means during the first two years after buying life insurance, if it is found your insurance policy was issued under misrepresentation, withholding of information by the insured or the owner, or similar reasons, the insurance company can declare your insurance policy and any associated riders void.

Beneficiary A beneficiary is the person (s) selected by the policy owner to receive the life insurance payments upon the death of the insured.

Life insurance costs are determined largely by how risky you are to insure.

A contract sold by a life insurance company in which an insured makes contributions into a fund that can then be withdrawn in a lump sum or a series of future payments.

He acts as an advocate for insured persons whose claims are denied, and also helps individuals efficiently navigate disability, CPP, fire loss, and life insurance claims by dealing with insurance companies or the courts.

Life insurance is based in contract law, and the proceeds pass by operation of law upon the insured's death.

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.

215 ILCS 5/143.1: Period of limitation tolled Whenever any policy or contract for insurance (except life, accident and health, fidelity and surety, and ocean marine policies) contains a limitation period in which the insured may bring suit, the running of the period is tolled from the date proof of loss is filed, in the form required by the policy, until the date the claim is denied in whole or in part.

A pedestrian struck by an uninsured vehicle may file a claim for No - Fault benefits with his own motor vehicle's No - Fault, if the person owns an insured vehicle or, if not, from the insurance company that insures any vehicle owned by a relative living in the injured person's household.

At issue was whether OCGA 33 -32-4 (a) authorizes the insurer to issue a credit life insurance policy which covers the total amount payable over the term of the loan or limits the policy's coverage to the principal amount financed by the insured.

Nothing in this section is intended or shall be construed to apply to any accident insurance policy insuring against accidental death or death by accidental means or to those parts or provisions of any life insurance policy insuring specifically against accidental death or death by accidental means.