Sentences with phrase «keep the policy in force even»

To make universal policies more attractive, insurance companies began adding a secondary guarantee that would keep the policy in force even if cash values dropped to zero.

This type of policy also has cash value growth, so interest grows in your account which could keep the policy in force even if you stop paying some premiums.

b) The employee provides written consent to being insured under the policy and that the employer may choose to keep the policy in force even after the employee separates from services from the employer; and

Not exact matches

But DoD's policy of keeping its samples in perpetuity — even after troops leave the force — could raise a few eyebrows.

This allows you to keep the whole life policy in force, even after you suffer a life altering disabling event.

There are many good ways to keep your policy in force so that you don't even have to worry about trying to backdate renters insurance.

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.

You may even have to pay more in life insurance premiums to keep the policy in force or see reduced death benefits.

Also, with most foreign policies, you can keep existing coverage in - force while you travel to and from a foreign country, even if the stay is lengthy.

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.

Missing a premium payment in the future could void the guarantee, and you could be forced to pay even higher premiums to keep your policy alive — the same scenario as buying that very costly term policy.

Even if you do stop paying premiums, some insurers will automatically borrow money from your cash value account to pay for the premiums to keep your policy in force for you.

The bad news, however, is that some policies have such significant loans that it's not affordable or economically feasible for the policyowner to keep the policy going, which may entail paying ongoing premiums, and life insurance loan interest (to keep the policy loan from further compounding to the point it forces the policy to lapse), or even paying additional cost - of - insurance charges to keep enough cash value in the policy to remain in force (in the case of universal life policies).

The policyholder is responsible for paying the premiums to keep the life insurance policy in force — even if the beneficiary is someone else.

Given this potentially appealing «bond alternative» many clients should not only keep an existing permanent policy — despite no need for the death benefit — but even consider making ongoing premiums, paying down loan balances, or even increasing contributions to maintain the policy in force for life!

Policy owners can even take withdrawals from the cash value late in the policies life, and still have enough value to keep the policy in force for the entire life of the inPolicy owners can even take withdrawals from the cash value late in the policies life, and still have enough value to keep the policy in force for the entire life of the inpolicy in force for the entire life of the insured.

This allows you to keep the whole life policy in force, even after you suffer a life altering disabling event.

In addition, many of the variable life products have language to the effect that even when the scheduled premiums are paid, the policy may still lapse if the cash value is not sufficient to keep it in forcIn addition, many of the variable life products have language to the effect that even when the scheduled premiums are paid, the policy may still lapse if the cash value is not sufficient to keep it in forcin force.

There are many good ways to keep your policy in force so that you don't even have to worry about trying to backdate renters insurance.

There is even one out there that goes to 130, but the point is, and I have heard this straight from presidents of insurance companies, if a person outlives the guarantee the company will still keep the policy in force and pay the claim when the death occurs.

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.