Sentences with phrase «insured dying during»

The longer the term, the more expensive the policy may become since it covers a longer time span, so the risk of the insured dying during the term will increase.

Term life insurance provides affordable coverage for a defined period of years, with its primary purpose to replace income or help pay off outstanding debts if the insured dies during that time.

If the insured dies during the time period specified in the policy and the policy is active — or in force — then a death benefit will be paid.

The policy pays benefits only if the insured dies during the term.

Immediate (again term usage varies by carriers) benefit means exactly what the term implies: Once approved the full amount of the policy is immediately in force and will be paid in its entirety should the insured die during the policy's active period.

If the insured dies during the «contestability» period of the contract, usually the first two years of the contract's life, payment may be delayed as the insurance company checks the application to make sure there were no inaccuracies, whether intentional or inadvertent.

If the insured dies during underwriting, the death benefit will be paid if he / she is shown to qualify for the policy applied for.

In case the insured dies during the grace period, the insurer is liable to pay the death benefit (coverage amount) to the beneficiary named in the policy, less any amount outstanding (including the unpaid premium).

If the insured dies during underwriting, the death benefit will be paid if he / she is shown to qualify for the policy applied for.

If an insured dies during the grace period and the premium has not been paid, the policy benefit is payable.

When / if the primary insured dies during the life of the policy than the death benefit will be paid to the beneficiary.

If the life insurance premium has been paid for a minimum term of two years, and if the insured dies during the term of the life insurance policy.

The policy pays benefits only if the insured dies during the term.

If the insured dies during this period, death benefits are paid out to the beneficiary so long as premium payments have been made.

If the insured dies during the first two years of the policy, for a reason OTHER than an accident, the carrier will only return the premiums paid plus some interest.

Life — Endowment - insurance that pays the same benefit amount should the insured die during the term of the contract, or if the insured survives to the end of the specified coverage term or age.

The death benefit would be paid by the insurance company if the insured died during the one - year term, while no benefit is paid if the insured dies one day after the last day of the one - year term.

In simple terms life insurance pays out a lump sum amount to the nominee in - case the insured dies during the policy term.

If the insured dies during the tenure of the plan, the Guaranteed Death Benefit along with the accrued Paid - up Additions and any Terminal Bonus is paid to the nominee

A pure risk plan which provides benefits only if the insured dies during the chosen term of the plan.

If the life insured dies during the term of this LIC online term plan chosen by him at the starting of the plan, the death benefit is paid which is equal to the Sum Assured chosen by the policyholder at the time of inception of the policy

Benefits are paid to the designated beneficiaries if the insured dies during the period of coverage.

A life insurance policy is designed to pay out a cash lump sum if the person (s) insured dies during the term of the plan; this will guarantee that the beneficiaries will not be faced with financial difficulties even though they now face a loss of income.

The rider benefit promises to pay an extra amount which is the rider Sum Assured in case the insured dies during the term of the LIC term plan.

The policy pays death benefits only if the insured dies during the term, which can be one, five, ten or even twenty years.

If the person insured dies during the term, then the beneficiary listed will receive the death benefit.

If the insured dies during the term, the beneficiary — usually the spouse and / or children — receives a tax - free benefit payment.

Term life insurance is a less expensive life insurance option and a good choice when you are on a budget because it is temporary and only pays a death benefit to beneficiaries of the policy if the insured dies during the limited term of the policy.

If the insured dies during the term, their beneficiaries are paid the amount of the policy.

So instead of the long - term care benefits gradually depleting the value of the life coverage, the full face amount is available should the insured die during the time he or she is receiving long - term care payments.

If the insured dies during this period, the insurance companies provide an accumulated amount to the beneficiaries who can utilize the same to pay for funeral - related expenses and pending mortgage or other debts.

This is life insurance coverage where the benefit is payable only if the insured dies during a specified period.

If the insured dies during said time period, the beneficiaries can claim the payout.

If the insured dies during that period, his beneficiary receives a death benefit.

The policy will only pay out if the life insured dies during the term of the policy.

Beneficiaries get paid from term life policies face value if the insured dies during the term.

If the insured dies during the grace period, the death benefit will still be paid but the premium owed may be deducted.

If the insured dies during the specified period of time, his / her beneficiary will receive the value of the policy.

Applicants ages 45 to 85 can qualify for the guaranteed issue product automatically, but if the insured dies during the first two years, AAA will not pay out the full policy amount, unless the death is accidental.

In contrast, to say a 30 - year term life insurance policy, which pays a death benefit only if the insured dies during a specified period of 30 years, a whole life policy provides for the payment of a death benefit regardless of when the death occurs in someone's life.

If the insured dies during the term period, the death benefit will be paid to the beneficiary according to the terms of the contract.

Term life insurance works by paying out the death benefit if the insured dies during the term.

The policy is valid for a specific period of time, and the payout is only awarded if the insured dies during the active term.

If the insured dies during the term, the beneficiaries will receive the death benefit regardless of the cause of death, except in the case of suicide.

Step 3 — if the life insured dies during the term of the plan, the death benefit is paid to the nominee in lump sum.

Term insurance plans will provide financial support to the beneficiary's family if the insured dies during the policy term.

Lump sum benefit and monthly income at the increasing annual rate of 10 % is payable to the nominee if the insured dies during the term period.

Immediate (again term usage varies by carriers) benefit means exactly what the term implies: Once approved the full amount of the policy is immediately in force and will be paid in its entirety should the insured die during the policy's active period.

Especially when it is a pure protection plan like TERM INSURANCE offering higher sum assured at a nominal cost and where the insurance company has to pay a death benefit in case of insured dies during the term of a policy.

The death benefit of the policy is paid only if the insured dies during that period.