Sentences with phrase «insured reaches the end»

In this case, when the insured reaches the end of his or her level premium term — without a claim being incurred — they can have the option of receiving back their premium payments.

Not exact matches

(4) In case of a dispute in respect of an insured person's entitlement to statutory accident benefits or in respect of the amount of statutory accident benefits to which an insured person is entitled, interest on the benefits in dispute is calculated at the prejudgment interest rate described in subsection 128 (3) of the Courts of Justice Act that is used for past pecuniary loss, and is payable for the period that begins on the date on which an application to the Licence Appeal Tribunal is brought under subsection 280 (2) of the Act and ends on the date a settlement is reached or a decision is issued that finally disposes of the dispute.

Return of Premium Rider — With the return of premium rider, an insured can receive 100 percent of his or her premiums back if they have reached the end of their term policy's coverage length.

Once the guaranteed level premium period has ended, the premium will go up each year until the insured reaches age 85.

Once the policy has reached the end of its limit, though, the insured will need to re-apply for coverage if he or she wishes to remain insured.

The coverage typically ends once the insured reaches 70 years of age.

Out - of - pocket maxima: Similar to coverage limits, except that in this case, the insured person's payment obligation ends when they reach the out - of - pocket maximum, and health insurance pays all further covered costs.