Sentences with phrase «keep the policy in force when»

The policy also offers an overloan protection benefit that will keep the policy in force when excessive loans are taken.

This rider waives off all future premiums to keep the policy in force when you are incapacitated to pay the premium owing to physical disability.

The policy also offers an overloan protection benefit that will keep the policy in force when excessive loans are taken.

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.

Just because one of your relatives kept a policy in force for decades, does not mean that it remained in force when he or she passed away.

There are a number of other ways to make sure you get good tenants who will keep their policies in force, but when they refuse to get renters insurance that's required throughout the entire building, that's a bad sign of a tenant you don't want to be hassled with.

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.

When you purchase a whole life policy, you traditionally pay a fixed premium for as long as you live or for as long as you keep the policy in force.

Available riders include Disability Waiver of Premium, Children's Term, Living Benefits Rider, and an automatic premium loan option which can take a small loan from the policy to keep it in force when payments are missed.

When you purchase private coverage, you have complete control over the type of benefits you want, how long you want to keep the policy in force, and whether you wish to keep it portable.

When you buy a life insurance policy, you pay monthly or annual premiums in order to keep the policy in force.

John and Mary purchased a 10 - year term life insurance policy when they got married, they paid their premiums and kept the same policy in force.

If this happens when you get older the cost of keeping the policy may cause you to have to make additional premium payments to keep the policy in force.

When the policy expires and you wish to continue coverage, you will have to buy a new term policy to keep your coverage in force.

In the latter years of the policy, when the cost of insurance has increased because of the age of the insured, funds from the accumulation account are added to the periodic premium to make up the shortfall and keep the policy in forcIn the latter years of the policy, when the cost of insurance has increased because of the age of the insured, funds from the accumulation account are added to the periodic premium to make up the shortfall and keep the policy in forcin force.

But what about when it comes to your life insurance policy — which you're paying to keep in - force?

When the policyholder chooses to pay premium at regular intervals for a defined period as per the insurance policy, to keep the policy in force and avail its benefits, the mode of premium payment is called Regular Premium Payment Mode.

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 a number of other ways to make sure you get good tenants who will keep their policies in force, but when they refuse to get renters insurance that's required throughout the entire building, that's a bad sign of a tenant you don't want to be hassled with.

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, the pig would bail them out and take over ownership of the policy and keep it in force until the insured's death, netting a 100 % profit when they received the full death benefit.

A policy collapses when the cash value plus any continuing payments aren't enough to keep the basic insurance in force, and that causes the previously tax - free loans to be viewed as taxable income.