Sentences with phrase «joint life»

The phrase "joint life" refers to two or more individuals who are living together or sharing their lives together. It often implies that they are closely connected and depend on each other for various aspects of their lives. Full definition
The issue of joint life insurance policy is in the wording or the pay out of the policy.
Both versions of joint life insurance policies have benefits and drawbacks.
However, for joint life insurance plans, a single premium is required to be paid.
The rules for joint life plans differ depending on the type of policy chosen.
It is beneficial, when you opt for the second type of joint life cover.
Share more about your experience with joint life term insurance plans.
3 In the case of Joint life annuities the age limits apply to both lives.
The biggest risk with joint life insurance policies is divorce.
Yet the problem isn't just adding 5 years of joint life expectancy in light of the client's family longevity.
This loan insurance scheme also has additional features such as joint life option, multiple premium payment options and hassle - free issuance on group platform.
This plan offers 6 variants including an option of joint life last survivor and paying annuity to the spouse.
You can go through my post on joint life insurance plans here.
A married couple with children may purchase joint life insurance for mortgage protection.
Whether you want to invest in a first - to - die joint life insurance policy or you are still exploring your options, a Trusted Choice ® independent insurance agent can help.
The product is available on a single life as well as joint life basis for all options.
You can easily buy joint life term insurance policies with your child as well and not necessarily with your spouse alone.
Under joint life insurance policies, you and your spouse can gain coverage for an entire lifetime or for a specific term.
However, there are limited insurers that offer joint life plans.
If you jointly hold a policy, as joint lives insured, and one of the lives insured dies, we would pay out the amount of cover and the policy would end.
Some would even go so far as to say that joint lives orders have been used as a catch all provision, stacking up problems for the future.
This is like any other term insurance plan, however comes with joint life coverage.
A friend told you about joint life insurance plans, where both of you could be covered under the same insurance plan.
With wide range of annuity option to choose and an option of choosing joint life annuity, this plan can be bought with a single one - time payment of minimum Rs. 1 lakh.
On the facts, the judge felt joint lives maintenance was necessary.
With joint life protection cover, financial cover is available against death of any of the lives covered.
This is because joint life insurance policies are typically intended to protect a couple or your children whenever you pass away.
There are many advantages to owning joint life insurance.
And remember that most joint life insurance policies are permanent policies (rather than term).
While joint life policies are meant to give a discount because they cover two lives, the plans available today are more expensive than the economical individual plans.
For the past eight years, this trader annually takes a significant part of his trading profits and buys contractual joint life income starting at future dates.
While some insurers offer term or whole joint life insurance policies, most joint policies are for universal life insurance.
Other joint life insurance policies are term life insurance policies that expire after 20 or 30 years.
While most couples will get individual life insurance policies for each partner, some choose to buy a single joint life insurance policy that covers both partners at the same time.
Apart from the term life cover all other types of life insurance policies are available to individual or joint lives only and not under a group insurance plan.
When joint lives are covered, the amount of the annuity payment is reduced to cover the longevity risk of the additional life.
The following joint life illustrations assume that the payments continue at 100 % to the survivor upon the death of the first spouse.
Sure, they can buy their own policies, but we're talking joint life insurance — two people covered by one policy.
Several life insurance companies have recently begun introducing joint life insurance policies for couples.
The most common way joint life insurance is sold is as permanent universal life, with a «cash value» savings component that grows, say insurance experts.
We offer this product from the top joint life insurance companies in the country.
There are single and joint life variant for annuity term in this plan.
It is better to check out the individual policy documents, but this is what in simple language joint life term insurance plan is.
A lot of working individuals prefer joint life insurance because the premium usually is lower when compared to two separate policies.
However, the flurry of joint life cover launches warrants an evaluation of their utility value.
In addition to fixed and variable annuities, there are joint life annuities for partners who want their surviving spouses to continue to receive payments after their deaths.
The annuity can be taken on a single life of the policyholder or on joint life of that of the policyholder and his spouse.
There are several advantages to purchasing joint life insurance policies.
With first - to - die joint life insurance policies, the death benefit is paid when the first spouse dies.
In case of joint life option, in case of death of one partner policy will continue with a reduced premium amount.
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