Sentences with phrase «keep the policy in force while»

In some case it may be possible to work out a payment schedule to keep the policy in force while partial payments are being made.

Options may be available to keep the policy in force while you weigh your options.

All disability insurance policies include the waiver of premium at no cost, keeping the policy in force while you are disabled and receiving disability benefits.

Not exact matches

A premium waiver, whereby if the insured becomes disabled, they can have the policy's premium payments waived, while still keeping their life insurance coverage in force

Paid - up life insurance is an option that allows you to keep a whole life insurance policy in force without paying any premiums for a while, or permanently.

While you don't have to continue paying premiums, you must technically still pay to keep the policy in force.

For instance, a life insurance policyholder may be able to access some of the cash value to meet their immediate needs while keeping the policy in force for beneficiaries.

Waiver of Premium — Should you become completely disabled while you have a policy and can no longer afford the premium, this rider will continue to keep your policy current and in force for its duration.

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.

Waiver of premium: Some insurance contracts have a provision in place which allows the insurance company to waiver the collection of premiums while keeping the policy in force if the policyholder becomes unable to work because of an accident or injury.

A premium waiver, whereby if the insured becomes disabled, they can have the policy's premium payments waived, while still keeping their life insurance coverage in force

The length of time, specified in the language of the written policy, during which an insured policy holder can repay an overdue balance against the policy premium while still keeping their renters insurance coverage in force during that period of time.

Talk to your agent or the company to find out the max loan amount available while still keeping the policy 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.

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.

As described above, some companies will permit policyowners to surrender paid - up additions for the net surrender values while keeping the underlying policy in force.