Sentences with phrase «insured is alive»

It is a Monthly Income Plan where there is a Guaranteed Monthly Income for a period of 15 years or till then end of the Policy Tenure, whether the Life Insured is alive or not

In this Plan, there is a Guaranteed Monthly Income for a period of 15 years or till then end of the Policy Tenure, whether the Life Insured is alive or not.

Thus, a child plan ensures that the plan benefits would be paid as and when they are promised irrespective of whether the insured is alive or dead.

This annual payout is guaranteed during the payout period, provided the life insured is alive and policy is in - force.

Annuity is payable for a minimum period of 5 years and then till as long as Life Insured is alive.

- Annuity is payable as long as Life Insured is alive and then the remaining of the capital, if any, would be returned to the nominee on the death of the Life Insured.

Return of Capital - Annuity is payable as long as Life Insured is alive and then the remaining Capital would be returned to the nominee

Money back policy offers you to receive a part of the sum assured on a regular interval, but only if the insured is alive.

You can borrow money from life insurance, that has a cash account for use, while the insured is alive.

With investment component, the life insured receives a specific percentage of the sum assured at regular intervals in terms of money backs or Survival benefits, if the insured is alive.

Survival Benefits - After every three years, if the insured is alive, 15 % of the basic sum assured is paid as survival benefit.

Three types of Survival Benefit is paid if the person whose life is insured is alive during the payout period.

However, if the insured is alive, the insurer still pays the sum assured along with a bonus as survival benefit.

Nominee is entitled to receive the Maturity Benefit, regardless of whether the Life Insured is alive or not.

This plan offers Loyalty additions on the maturity, regardless of whether the Life Insured is alive or not.

This does not include the survival benefits as they are paid only if the insured is alive and well.

Under LIC Bima Bachat, if the Life Insured is alive at the end of every 3 years, 15 % of the Basic Sum Assured is paid as Survival Benefit and the policy continues

Guaranteed Maturity Benefit is paid if the person whose life is insured is alive when the policy matures, provided all premium payment have been made.

It also has guaranteed loyalty additions that are payable only if the life insured is alive and all due premiums have been paid.

Level Premium Whole Life Insurance: In this payment plan, premiums are paid regularly till the insured is alive.

The money accumulates on a tax - deferred basis and can be used for any purpose while the insured is alive.

If the insured is alive at the end of your term period, then the beneficiary does not receive the payout of the death benefit.

Premiums are generally the same (fixed) every year the insured is alive.

For traditional whole life insurance, the amount and duration of premium payments are the same for as long as the insured is alive, but some whole life policies allow you to pay premiums in a single installment, or for a shorter period such as 20 years or until age 65.

Maturity Benefit is paid if the person whose life is insured is alive when the policy matures, he or she receives 40 % of the Base Sum Assured plus accrued Simple Reversionary Bonus plus Terminal Bonus.

If the insured is alive when the term ends, there is no payout.

The money can be accessed via a tax - free loan while the insured is alive or a tax - free death benefit when the insured passes away.

If the person insured is alive, the policyholder receives Survival Benefits for three policy years before the maturity date.

The insurer will only consider the claim if the life insured is alive when the diagnosis was performed.

Maturity Benefit is paid if the person whose life is insured is alive when the policy matures, he or she receives the Sum Assured plus the accrued Guaranteed Additions.

If the insured is alive at 100, for example, premiums are no longer paid but the death benefit will still be distributed when the insured dies.

The Legalese «The Acceleration of Death Benefit Rider provides payment of all, or a portion of the death benefit, of the amount that would normally be paid to the beneficiaries upon the death of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.»

If the person insured is alive, the policyholder receives Survival Benefits every five policy years before the end of the policy term.

If the insured is alive at 100, for example, premiums are no longer paid but the death benefit will still be distributed when the insured dies.

The Legalese «The Acceleration of Death Benefit Rider provides payment of all, or a portion of the death benefit, of the amount that would normally be paid to the beneficiaries upon the death of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.»

The Elite Survivor Index UL policy is a last survivor life insurance policy that can accumulate cash value while one or both of the insureds are alive.

The coverage stays in force as long as the policyholders keep paying their premiums and at least one of the insureds is alive.

In this case, the person purchasing a policy on his or herself does not usually have to prove insurable interest — neither theirs nor the beneficiary, as it is also assumed that the policy holder believes the beneficiary would also rather the insured be alive.

Not exact matches

Cash value life insurance policies are an asset, which creditors can take away while the insured is still alive.

If the insured dies and both beneficiaries are alive, then the proceeds will be split two ways.

These mostly have to do with surrendering the policy while the insured is still alive, the policy lapsing, or when the person being insured takes out a loan against the policy.

What this means: there are rules in place that ensure the person insured with life insurance is not worth more dead than alive.

i) If you assume that kind of adjustment in age, back of envelope that could imply over a third of the current insureds are still alive at 100 years of age — do you really think that's likely?

If the insured person is still alive at the end of the policy term, the coverage expires and typically no portion of the premiums are returned to the policyholder.

Contingent Beneficiary — The contingent beneficiary will receive the death proceeds only if the primary beneficiary is not alive or does not exist when the insured dies.

The ocean cove is alive with fish and turtles and that insures that snorkeling / swimming will be an enchanting experience even with the winds and choppy waters that are unusual.

Fraud will not automatically bring the policy to an end, so insurers need to be alive to the need to communicate to the fraudulent insured that they are, in fact, terminating the policy, otherwise they may lose that right.

Ironically, because of the «complexity» of the insured's holdings and the different people in the organization responsible for insurance arrangements, the trial judge concluded that the broker should have been alive to the fact that the information coming from the insured may not be accurate.

Your premiums will only be reimbursed if the insured is still alive at the end of the term AND you've paid your scheduled premiums every year.

The beneficiary who will receive death benefits as long as he / she is alive when the insured dies.