Sentences with phrase «keep his policy in force on»

Not exact matches

In addition, when some customers did get adequate insurance and provide proof, the bank still kept the forced - placed policies on accounts or didn't refund the premiums, or related fees and charges including repossession fees.

The notion that monetary policy has no effect on output can only be a throwback to textbook constructs of self correcting forces which keep the economy in some kind of equilibrium — including, in their modern guise, perfect foresight and rational expectations.

If someone wants to practice some crazy belief in the privacy of their own home or in a church with like minded nutjobs thats their right — but do nt force you prayer on me, make policy based on those nutjob beliefs and please keep your blessings to yourself — I do not want them.

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.

That does not mean that keeping a policy in force has not impact on your rating.

We will pay all the future premiums on your behalf and keep your Policy cover in force until Maturity.

Insurance Premiums: life insurance premiums are the payment due to keep the policy active and in force on the life of the insured.

One last thing regarding income trusts, keep in mind that the government has changed its policy on them and they are now forced to change thier taxing model to be more inline with a stardard company for tax purposes..

On the other hand, whole life policies ALWAYS pay a death benefit if kept in force and therefore they are more expensive at first.

A «noncancelable» policy is similar to the «guaranteed renewable» in that the insured has the contractual obligation to keep the coverage in force if premiums are paid on time.

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.

A permanent life insurance policy, on the other hand, stays in force for as long as you keep paying the premiums.

Depending on the circumstances, that may be the full practice policy coverage (that is, if the lawyer has kept his or her standard policy in force) or run - off coverage only.

A policy that is guaranteed renewable requires that the insurance company keep your policy in force (assuming that you pay the premiums on time) however, they may raise the premiums.

Alternatively, you may need to make large premium payments to get caught up on your policy and keep it in force.

You've kept the coverage in force for twenty years, and the policy expires at midnight on June 30.

If you need to keep your policy in - force for an extended period of time, many policies are available, both on and off the Exchange.

Premiums, payments you make to buy and keep your policy in force, differ depending on the guarantee in your policy.

A permanent life insurance policy, on the other hand, stays in force for as long as you keep paying the premiums.

The optimal premium schedule from the buyer's perspective is usually the minimum premium to keep the policy in force, and that is mainly based on the cost - of - insurance charge.

The disadvantage to life insurance is that, if you own a permanent policy, you must keep the policy in force to avoid paying income tax on the cash value.

Because the money is being accessed in the form of a loan, there are no income taxes to pay on this money as long as the policy is kept in - force.2

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.

On average, the cash required to keep a VUL policy in force is much higher than with other types of insurance policies.

There's usually some partial return of premium for policies canceled before the end of the policy term (depending on the year it's canceled — the longer it's kept in force, the higher the amount of your returned premiums).

On the other hand, whole life policies ALWAYS pay a death benefit if kept in force and therefore they are more expensive at first.

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.

With a «guaranteed renewable» policy the insured has the obligation to keep coverage in force if premiums are paid on time.

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.

Your policy (if sufficient) can then be used to help pay for college expenses, to get a leg up on retirement planning, or saved in case of emergency.1 You must also keep sufficient cash value in your universal life policy to ensure its no - lapse guarantee and extended coverage benefits remain in force.

Annual Premium: The total premium amount due on an annual basis to meet the contractual requirements of a policy and to keep it in force.

In fact, if the life insurance company performed well enough, your dividend may have been be used to keep your policy in force for a very long period of time without any additional premium outlay on your parIn fact, if the life insurance company performed well enough, your dividend may have been be used to keep your policy in force for a very long period of time without any additional premium outlay on your parin force for a very long period of time without any additional premium outlay on your part.

A life settlement offer will be computed based on your life expectancy, type of policy, policy face value, premiums required to keep it in force and the rating of the insurer that issued the policy.

There's usually some partial return of premium for policies canceled before the end of the term (depending on the year it's canceled — the longer it's kept in force, the higher the amount of your return premium).

Depending on the credited interest, there may not be enough cash value to keep the policy in force, thus requiring higher premium payments from the policyholder.

: The total premium amount due on an annual basis to meet the contractual requirements of a policy and to keep it in force.

Depending on the type of life insurance policy, if a premium is due there is a grace period while payment can still be made to keep the policy in force.

Waiver of premium on a life insurance policy or disability insurance policy means that in case of a disability, the insurance company will waive the premiums and keep the policy in force.

The incentives given to the insured for keeping a policy in - force throughout the investing period is referred to as the «Loyalty Benefit», provided your premium payments are on time and up - to - date.

We will pay all the future premiums on your behalf and keep your Policy cover in force until Maturity.

Our best estimate industry wide is that 60 % of all universal life policies in force today are depending on non guaranteed assumptions to keep the rate level.

On survival of the life assured to the end of the policy term provided the policy is kept in - force and all due premiums are paid, you will receive the Guaranteed Maturity Benefit mentioned below:

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.

Whenever a regular premium payment that is made to the insurance company to keep the policy in force, is due, then we intimate our designated bankers, who arrange the debit on the policyholders» bank account towards the premium payment made to the insurance company, to ensure that the policy remains in force.

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.