Sentences with phrase «keep your policy in force remain»

Under contracts of this type the premiums you are to pay to keep your policy in force remain level throughout the term.

Not exact matches

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.

Whole life is permanent and the policy remains in force until a person dies, as long as premium payments are kept current.

You can still withdraw your cash value, but you'll have to resume premium payments to keep the policy in force or settle for a reduced benefit that the remaining cash value can support.

This will keep the policy in force, and allow the remaining 50 percent of the death benefit to be paid to the policy's named beneficiary at the time of the insured's death.

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 waiver of premium rider will keep the insurance policy in force without any premium payments for as long as the owner remains disabled, or until age 60 or 65, whichever is first.

If so, will your policy remain the same or will you have to go through underwriting and a medical exam in order to keep your life insurance policy in - force?

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.

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.

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.

Where a term life policy has a well - defined expiration, permanent life will remain in force for as long as you live, as long as you keep the premiums up to date.