Permanent life insurance (also called whole life) offers lifetime protection and a guaranteed death benefit as long as
you keep the policy in force by paying the premiums.
Obviously it assumes
you keep your policy in force by paying premiums.
This is a grim reminder to all those who do not
keep their policy in force by paying regular premiums and as a result their dependents are deprived of the full sum assured in the event of such unfortunate occurrence.
Not exact matches
DeFrancisco, a Republican from Syracuse, says if no agreement is reached on some of the unrelated topics
by the budget deadline, lawmakers will likely oppose any attempt
by the governor to
force through the
policy changes
in the form of extender bills to
keep the government running.
But he can use the same low - expense SUL
policy as a surrogate joint - life term
by paying premiums to
keep it
in force for 20 years.
The amount of protection you'll receive from your
policy — and even just if you can
keep your
policy in force — will be determined
by your life insurance budget and your ability to pay your premiums.
Even though you must put enough money into the bucket to
keep the
policy in -
force (otherwise it will lapse), there is complete discretion as to when premium payments will be made — annually, semiannually, quarterly, or monthly — and
in what amounts — depending on how often payments are made and whether you have the option (as with some
policies) to choose your payment amount based on a range provided
by the insurance company.
With paid - up life insurance, the
policy is
kept in force by deducting the premium from your cash value account.
But if you neglect to pay your premiums yourself, your
policy will be
kept in force by the cash - value component, gradually depleting it until the
policy lapses entirely.
Like most insurance
policies and benefit programs, insurance
policies and benefit programs offered
by Metropolitan Life Insurance Company and its affiliates contain certain exclusions, exceptions, waiting periods, reductions of benefits, limitations and terms for
keeping them
in force.
Who is actively fighting to ensure government
policies shutter U.S. nuclear energy facilities;
keep domestic coal, natural gas, and oil
in the ground;
force up energy prices through taxes and regulations; and endanger national security
by installing wind farms near military bases?
You are protecting your loved ones
by keeping your
policy in force and not letting your
policy lapse like so many others who do.
The amount of protection you'll receive from your
policy — and even just if you can
keep your
policy in force — will be determined
by your life insurance budget and your ability to pay your premiums.
Incentives given
by an insurer as an additional benefit to the insured for
keeping the
policy in full
force throughout the term of the contract is called loyalty addition.
The premium of monthly income plans include annual, half - yearly, quarterly, monthly, or lump sum amounts that are paid
by the insured to the insurance company to
keep the
policy in force.
We're diligent about choosing a
policy that seems to best meet our family's needs and then we reliably make those required premium payments on time so we can
keep the
policy in -
force as the years go
by.
The premium payment made
by the APL will come from your
policy's cash value account, and will continue to do so for as long as there is sufficient cash value to
keep it
in force.
And, like most group accident and health insurance
policies, polices offered
by MetLife may contain certain exclusions, limitations and terms for
keeping them
in force.
Like most group insurance
policies, insurance
policies offered
by MetLife contain certain exclusions, exceptions, waiting periods, reductions, limitations and terms for
keeping them
in force.
Like most insurance
policies / benefit programs, insurance
policies / benefit programs offered
by Metropolitan Life Insurance Company (MetLife) and its affiliates contain certain exclusions, exceptions, reductions, limitations, waiting periods and terms for
keeping them
in force.
Like most group accident and health insurance
policies, polices offered
by MetLife may contain certain exclusions, limitations and terms for
keeping them
in force.
By paying future premiums, you can
keep the
policy in force without additional out - of - pocket expenses.
The waiver of premium rider
keeps the insurance
policy in force by waiving the periodic premiums if the insured becomes disabled and is unable to pay the premium.
If the owner decides that they want to
keep the
policy in -
force for a longer period of time, they normally have the option to renew the
policy on a year
by year basis after the term expires.
For whole life
policies,
by definition of the
policy structure, payment of the premium is guaranteed to
keep the
policy in force and the cash value increasing, although the net return may still be extremely low.
By age 65,
in this example, the benefit is projected to be $ 990,000 and the cash value $ 475,000, which can be borrowed, withdrawn or tapped to
keep the
policy in force without paying additional premiums.
Since those who have a whole life insurance
policy will never need to re-qualify for their coverage (provided that they
keep their coverage
in force by paying the premium), then they can always count on having a set amount of death benefit available to their beneficiary.
The coverage offered
by your National insurance mediclaim
policy remains
in force and you stay tension - free as long as you
keep renewing the
policy before the due date.
The maximum face value is $ 150,000 and the
policy may be
kept in force to age 80
by paying an annually increasing rate after the initial term is over.
With paid - up life insurance, the
policy is
kept in force by deducting the premium from your cash value account.
Premiums are paid
by the owner of the
policy to
keep the life insurance contract «
In Force»..
The truth is that Protective Life picked up their entire block of business and
kept it intact, didn't change any of the terms (they couldn't
by law) and those
policies are fully
in force today.
So, while illustrated and guaranteed to age 121, I have been assured
by more than one company president that it would be their intent to
keep a
policy in force until death, even if that comes as it will with Ms Dosova, after 130.
Unlike regular term
policies, return of premium term life insurance rewards you for
keeping the
policy by giving a guaranteed return of your total cumulative premium paid on the
policy during the level term period, not including substandard (extra charges for health) and rider charges (extra benefits such as disability coverage), if any, which will be paid to the
policy owner at the end of the level term period if the
policy is then
in force.
The
policy shall participate
in profits from the 6th
policy year onwards till the end of the deferment period and at such rates as may be declared
by the corporation provided the
policy is
kept in force for full Sum Assured.
That said, if at some point
in your life you may feel a need to lower your premiums, you can do so
by adjusting your premiums based on your cash value but
keep in mind that these adjustments can only be done after the first year of the
policy and only if you have enough cash value that can
keep your
policy in force for another two months.