Sentences with phrase «insured dies within the term»

If the insured dies within this term (10, 15, 20, 25, 30, or 35 years), the life insurance company pays a lump sum death benefit to the policy's beneficiaries.

A term policy covers the insured for a stated period of years and pays a benefit only if the insured dies within that term.

It pays the full face amount of the policy in case the insured dies within the term (coverage period), but pays nothing if the insured outlives the policy.

Such policy articulates the person who will obtain the proceeds, which is the amount of the death benefit, from the insurance business company whenever the designated person insured dies within the term of the insurance contract policy.

A term policy covers the insured for a stated period of years and pays a benefit only if the insured dies within that term.

If the insured dies within the term of coverage, the insurance company will pay out the designated dollar amount equal to the face value of the policy to the beneficiaries named in the contract.

A term policy only pays off if the insured dies within the term.

Not exact matches

Term life insurance policies pay a death benefit if the insured person dies within the policy term, such as 10, 20, or 30 yeTerm life insurance policies pay a death benefit if the insured person dies within the policy term, such as 10, 20, or 30 yeterm, such as 10, 20, or 30 years.

The company promises to pay a death benefit to a beneficiary when the insured dies as long if the insured meets the conditions of the contract (for example, dying within the term period).

The company promises to pay a death benefit to a beneficiary when the insured dies as long if the insured meets the conditions of the contract (for example, dying within the term period).

Term life insurance policies pay a death benefit if the insured person dies within the policy term, such as 10, 20, or 30 yeTerm life insurance policies pay a death benefit if the insured person dies within the policy term, such as 10, 20, or 30 yeterm, such as 10, 20, or 30 years.

Term insurance is designed to provide temporary protection for risk of premature death and pays a benefit if the insured dies within the established term perTerm insurance is designed to provide temporary protection for risk of premature death and pays a benefit if the insured dies within the established term perterm period.

For instance the insured could acquire a terminal illness within the term, but not actually die until after the term expires.

The main difference between an endowment plan and term insurance plan is as follows - In case of term insurance plans, a lump sum is paid to the beneficiary if the Life insured dies within the maturity period.

As you search for a lost policy, keep in mind that if it was a term life insurance policy, then you as the beneficiary collect the benefit only if the insured person died within the term.

It is a life insurance benefit wherein the proceeds are payable to the beneficiary only if the insured dies by accident within the policy term.

They pay off a specific amount if the insured dies within the duration that is defined (the Term).

Also, no benefits would be paid if the insured doesn't die within the term period.

If the insured dies within the first two years after the policy is issued, a limited death benefit may be paid subject to the terms of the policy.

A term life insurance policy differs from whole life policies in that the insured's beneficiaries only receive protection or coverage if their loved one dies within a pre-set term.

This is unlike term life insurance where the insured chooses a specific term and must die within that term for their beneficiaries to be paid the death benefit.

The main deviation between an endowment plan and term insurance plan is as follows - In case of term insurance plans, a lump sum is paid to the beneficiary if the Life Insured dies within the maturity period.

Under this ICICI term insurance, within the fixed term of 5 years, if the insured dies, a benefit which will be the highest of the following will be paid:

Death / Accidental Total Permanent Disability: If the insured dies within the policy term or gets accidental total permanent disability (ATPD), he will be eligible for the higher of sum assured plus non-guaranteed revisionary bonuses and terminal bonuses, if any or 105 % of all premiums paid as on date of the death.

This is purely a term plan whereby in case the insured dies within the policy tenure, the nominee gets the sum assured or the death benefits.

If the insured dies within a valid policy term, the beneficiary will receive the intended death benefits.

Term life insurance will only payout benefits to the named beneficiaries if the insured dies within the period tTerm life insurance will only payout benefits to the named beneficiaries if the insured dies within the period termterm.

Death Benefit: The policy covers the insured till 100 or 85 years of age and in case the insured dies within policy term, the nominee shall be eligible for a sum assured payable on death that is higher of sum assured on maturity or 11 times annualized premium or 105 % of all premiums paid till the date of death

There are a few common exclusions in a term policy including a 2 - year suicide exclusion, which means if the insured dies as a result of suicide within the first two years of being insured, there is no payout (one year in some states).

Term life insurance pays only if the insured dies within the defined term, such as 10, 20 or 30 yeTerm life insurance pays only if the insured dies within the defined term, such as 10, 20 or 30 yeterm, such as 10, 20 or 30 years.

A term life insurance policy provides death benefits upon the passing of the insured, if that policyholder dies within a specified term.

A whole - life plan pays the nominee in case of death till the age of 99 years, while a term plan pays the nominee only if the insured dies within the policy term.

Whereas, in case of term insurance policies, the family receives the death benefit only if the insured dies within the duration covered.

Typically the coverage (face value) will be limited to $ 25,000, and there are a few limitations in terms of payouts (in case an insured dies within the first 2 years).

Typically the coverage (face value) will be limited to $ 25,000 and there are also a few limitations in terms of payouts, in case an insured dies within the first 2 years.