Sentences with phrase «keep your policy payments»

The most popular term policy among consumers today, the 20 year level term will keep your policy payments level for a full 20 years before they increase.

If you currently have children who are approaching the age where they will begin driving, you will likely want to sign them up with your insurance company just to keep the policy payment process as simple as possible.

Not exact matches

The policy is paid for and kept active by drawing on the cash value for its premium payments, not directly by regular premium payments.

As long as there's enough cash value to keep the policy afloat, premium payments can be reduced or even stopped completely.

Under the lunch isolation policy, if a pupils» parents misses payments, the child is put into lunch isolation where they are given one sandwich and one piece of fruit and are kept separated from their classmates.

Liberals: Start a new, 10 - year investment in social housing infrastructure, prioritizing affordable housing and seniors» facilities (including building more units and refurbishing existing units); encourage the construction of new rental housing by removing all GST on new capital investments in affordable rental housing; loosening the existing qualification rules for the Home Buyers» Plan to allow more Canadians affected by sudden and significant life changes to access their RRSP savings for a down payment; review escalating home prices in high - priced markets, including Toronto and Vancouver, and review all policy tools that could keep homeownership within reach for more Canadians.

Insurance Premiums: life insurance premiums are the payment due to keep the policy active and in force on the life of the insured.

Policy loans or withdrawals will reduce the policy's cash value and death benefit, and may require additional premium payments to keep the policy in Policy loans or withdrawals will reduce the policy's cash value and death benefit, and may require additional premium payments to keep the policy in policy's cash value and death benefit, and may require additional premium payments to keep the policy in policy in force.

As long as there's enough cash value to keep the policy afloat, premium payments can be reduced or even stopped completely.

Monthly or annual payments, called premiums, are required to keep the policy in force.

As long as you keep up with the premium payments and you don't cancel the policy early, there will be a guaranteed death benefit on both term and whole life.

The policy is paid for and kept active by drawing on the cash value for its premium payments, not directly by regular premium payments.

There are specialised policies available for mortgage payment protection, for example, but income protection generally can help you make sure you can keep up with any regular outgoings.

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

Protection for your entire life (provided premium payments are timely made to keep the policy in force)

If you're one of the 44 million people in the country with student debt, we know it isn't easy keeping up with your payments, nor all the news coming out of the government related to changing student loan policies.

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

The level part means that your premium payments will stay level and the cost won't increase as long as you keep the policy.

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 are likely to cancel the policy because your fixed income won't keep up with the increasing premium payments.

If you fear you might not be able to keep pace with the higher premium payments of a permanent life policy if your income suddenly dropped, it may be wise to keep your term life policy as is, which generally would keep your payments smaller.

Are you having difficulty keeping up premium payments on a life insurance policy, or do you no longer need the polic...

Initially, cash value life insurance works the same as term: The policyholder makes regular payments called premiums to keep the policy active.

It also gives you the same guaranteed death benefit protection as all our other whole life policies, but keeps costs down by spreading your payments out a little further and by offering a little less cash value and dividend growth potential.

That means if you have enough money in the cash value, you can use that to skip premium payments entirely, letting the accrued interest do the work — but keep in mind that this can typically only be done after the first year of the policy, and only if there's at least enough cash value in the policy to keep the policy inforce for another 60 days.

Loans and withdrawals from a permanent life insurance policy will reduce the policy's cash value and death benefit, and may require additional premium payments to keep the policy in force.

Keep in mind that if a long - term care insurance policy does not accept lump - sum premium payments, you would have to make several partial exchanges from the CSV of your existing life insurance policy to the long - term care insurance policy provider to cover the annual premium cost.

The money that is used to purchase the contract is placed into an escrowed trust account — typically an irrevocable trust — and that money makes premium payments to keep the life insurance policy in force until the insured dies.

As long as you keep making premium payments, your whole life insurance policy stays in force.

With these policies, if you keep the policy in force for the entire term, say 20 years, the insurance company will refund the premium payments you made over that 20 - year period.

Unfortunately, my older dog passed away before the 15 - day waiting period was up, but because of their 30 - day money back guarantee, I was able to get a refund of the first policy payment while keeping the lower rate for my other dog (they do multi-pet discounts).

First, your firm should have a written collection policy in place that takes into account two functions: how to keep track of clients who are behind on their payments and how to contact clients when they are late paying their bills.

As an aside, keep in mind that a significant part of the payment would go to the mortgage holder, if any, and that a homeowner's insurance policy almost never covers the part of the value of a home that is attributable to the land that it is build upon, rather than that building that was destroyed itself.

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.

Universal life insurance, is a permanent life policy that offers flexibility in premium payments and keeps the death benefit in force no matter how long you live.

If the policy is a term policy and premium payments must be made to keep the policy in place, the nonprofit must have the cash flow to make those payments.

Additional premium payments may be required to keep the policy in force.

Alternatively, you may need to make large premium payments to get caught up on your policy and keep it in force.

Therefore, an important detail to keep in mind is that ideally your premium payments should surpass the cost of the policy.

You have a set payment for which you can budget, as long as you keep the policy.

The policy typically has a low «drag» due to the fact that policyholders are encouraged to schedule premium payments in excess of the minimum payment required to keep the policy in - force.

With our flexible payment plans and discounts, you're sure to find a policy that keeps you covered without breaking the bank.

Premium is a regular payment to an insurance company needed to purchase a Life Insurance policy and to keep it 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.

The policy assists in keeping up - to - date with loan payments, and your credit score remains unaffected even in times of financial crisis.

For people that keep large amounts of money in their condominium, a comprehensive policy will make sure that you get paid back in full without having to lose money waiting around for a payment.

If you have a life insurance policy setup for monthly or annual payments, the person that you gift your policy to will have to continue paying those premiums to keep the policy from lapsing.

Knowing how much to charge for services keeps the companies in business and enables them to pay out on policies that require payment.

Bob also had a $ 60,000 life insurance policy through his employer that his employer was kind enough to keep making payments on until Bob's death, so Mary would have access to $ 60,000 additional life insurance money.

Premiums, payments you make to buy and keep your policy in force, differ depending on the guarantee in your policy.