Sentences with phrase «insured lives beyond»

However, if the insured lives beyond this two or three - year time limit, and then passes away many years later, the named beneficiary on the policy will be able to receive 100 % of the stated death benefit (unless there is an unpaid balance from a cash withdrawal or borrowing).

If the insured lives beyond that term, the contract ends and no benefit is paid.

If the insured lives beyond the term period, no death benefit is paid.

If the insured lives beyond the term, premiums generally increase each year.

If the insured lives beyond the term, no death benefit is paid.

If the insured lives beyond the term, premiums generally increase each year.

Not exact matches

In case the insured person lives beyond the period of insurance then there will be no further benefits from the plan.

However, FHA remains responsible for insuring 100 percent of the outstanding loan balance throughout the entire life of the loan, a term which often extends far beyond the cessation of these MIP payments.

A grace period provision is also defined within a life insurance policy that provided for a period of time, usually 30 or 31 days in which an insured must pay a premium payment beyond the date of which the premium is usually due, without losing coverage.

Of course, the policy will be a spectacular investment for the buyer if the insured dies quickly, but it will be a poor investment if the insured dies long beyond life expectancy.

Since they cover the insured till the age of 100 and sometimes beyond, there is an inherent guarantee that at one point in time the life insurance proceeds will surely reach the intended beneficiary.

However, if you live beyond the first 2 years you are insured, your beneficiary would be paid the entire death benefit.

Life insurance companies generally do not insure individuals beyond age 85, if the state allows term insurance to be purchased at this age.

The cost per $ 1,000 of benefit increases as the insured person ages, and it obviously gets very high when the insured lives to 80 and beyond.

The effective use of single premium life insurance can create an atmosphere of peace and tranquility for an insured and his or her family beyond comparison.

The insurer will likely only sell you a 5 year term, at maximum, since the company can not afford to insure you beyond age 85 under a term life arrangement.

If the Life Insured survives beyond 60 years of age, then he would get 5 % of the Sum Assured every year as Money Back Living Benefit till age 80.

It is important to note, though, that if the insured has been covered for a longer period (i.e., he or she has lived beyond the length of the probationary time limit), then the full amount of the death benefit can be paid out to the named beneficiary.

If the insured person lives beyond the term, there is no payout of the death benefit, the coverage expires.

There is an option to extend / deferment of accumulation phase, provided the life insured is aged below 55 years and maximum vesting age does not exceed beyond 80 years.

In case of Rohit's survival, he receives annuity payout at a constant rate for the first 10 policy years and thereafter, the annuity is payable in case the life insured survives beyond the period of 10 years.

Life Annuity Certain for 10 Years: Annuitant receives annuity payout at a constant rate for the first 10 policy years and for life thereafter, in case the life insured survives beyond the period of 10 yeLife Annuity Certain for 10 Years: Annuitant receives annuity payout at a constant rate for the first 10 policy years and for life thereafter, in case the life insured survives beyond the period of 10 yelife thereafter, in case the life insured survives beyond the period of 10 yelife insured survives beyond the period of 10 years.

This limits the total amount of premium that they will pay, even if the insureds live well beyond life expectancy.

For a healthy insured, we need to fund the policy as if he will live to age 100 or beyond — lifetime funding.