Sentences with phrase «keep the policy in force by»

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.