Sentences with phrase «keeping the policy in force for»

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.

The cash value can be used to keep the policy in force for as long as the cash amount covers the policy costs.

There are typically some limitations to this, like only being able to do it after you've held the policy for a year or a requirement to have enough money in the cash value to keep the policy in force for two months.

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.

The benefit to universal life is you may be able to pay far lower premiums to keep the policy in force for life than in whole life.

This rider will will keep the policy in force for the duration, eliminating the burden of having to worry about paying for your premiums during these times.

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.

A policy that offers just the right amount of coverage for just the right time frame, term life insurance policies feature an affordable premium that keeps the policy in force for the number of years you've selected.

There are typically some limitations to this, like only being able to do it after you've held the policy for a year or a requirement to have enough money in the cash value to keep the policy in force for two months.

Whereas a term policy may be a good option for someone who is covering a «temporary» need, permanent life insurance, such as a whole or universal life policy, could be better for an individual who plans to keep the policy in force for the duration of his or her entire lifetime.

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.

Note: to receive the full return of premium, you will need to keep the policy in force for the full term of the policy.

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 insured.

An interim bonus ensures that policyholders who claim benefits in midst of a year will receive credit for keeping the policy in force for that part of the year.

Together with the cash values the dividend may keep your policy in force for the rest of your life.

In fact, if the life insurance company performed well enough, your dividend may have been be used to keep your policy in force for a very long period of time without any additional premium outlay on your part.

That said, if at some point in your life you may feel a need to lower your premiums, you can do so by adjusting your premiums based on your cash value but keep in mind that these adjustments can only be done after the first year of the policy and only if you have enough cash value that can keep your policy in force for another two months.

Not exact matches

March 2012 is the deadline for the task force to submit its findings and recommendations in Albany.We hope they do their due diligence and come up with a policy that will keep all NYC firefighters and first responders safe.

But he can use the same low - expense SUL policy as a surrogate joint - life term by paying premiums to keep it in force for 20 years.

Like most insurance policies, Brighthouse Financial policies contain charges, limitations, exclusions, termination provisions, and terms for keeping them in force.

These policies have certain limitations and terms for keeping them in force.

These policies are subject to exclusions, limitations and terms for keeping it in force.

The most efficient way to keep a Modesto Renters Insurance policy in force is to pay for it annually.

One last thing regarding income trusts, keep in mind that the government has changed its policy on them and they are now forced to change thier taxing model to be more inline with a stardard company for tax purposes..

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

Life insurance policies contain exclusions, limitations, and terms for keeping them in force.

This doesn't give them any coverage, of course, it just makes sure they're kept apprised if the policy is not in force for any reason.

The insured has the choice of either deferring the medical examination for up to six months or choosing not to undergo the medical exam at all and just keeping the blended policy in force as it is issued.

1 Life insurance policies contain certain exclusions, limitations, exceptions, reductions of benefits, waiting periods and terms for keeping them in force.

Like most group life insurance policies, MetLife group policies contain certain exclusions, reductions, limitations, and terms for keeping them in force.

Like most insurance policies, MetLife Auto & Home's policies contain exclusions, limitations, reductions of benefits and terms for keeping them in force.

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.

Life insurance is subject to exclusions and limitations and terms for keeping it in force, Certain types of policies, features and benefits may not be available in all jurisdictions or may be different.

The employee owns the policy and also bears the responsibility for keeping it in force.

Like other insurance, TruStage life insurance policies contain specific limitations, exclusions, termination provisions and requirements for keeping them in force.

A permanent life insurance policy, on the other hand, stays in force for as long as you keep paying the premiums.

TruStage life insurance policies contain specific limitations, exclusions, terminations provisions and requirements for keeping them 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.

Like most insurance policies, MetLife's GVUL and GUL policys contains exclusions, limitations and terms for keeping it in force.

Like most insurance policies and benefit programs, insurance policies and benefit programs offered by Metropolitan Life Insurance Company and its affiliates contain certain exclusions, exceptions, waiting periods, reductions of benefits, limitations and terms for keeping them in force.

Like most insurance policies, MetLife's policies contain exclusions, limitations, reductions of benefits and terms for keeping them in force.

In the most sweeping reform of Japan's legal system since World War II, the doors are opening wide for a flood of new lawyers to handle cases in an increasingly litigious society.Experts say the reforms underscore a big shift in social attitudes that is forcing Japan to change its policy of keeping the number of lawyers loIn the most sweeping reform of Japan's legal system since World War II, the doors are opening wide for a flood of new lawyers to handle cases in an increasingly litigious society.Experts say the reforms underscore a big shift in social attitudes that is forcing Japan to change its policy of keeping the number of lawyers loin an increasingly litigious society.Experts say the reforms underscore a big shift in social attitudes that is forcing Japan to change its policy of keeping the number of lawyers loin social attitudes that is forcing Japan to change its policy of keeping the number of lawyers low.

You've kept the coverage in force for twenty years, and the policy expires at midnight on June 30.

As long as you keep paying the premium, the policy will stay in force for 50 years.

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.

So, if you keep your policy for the term period which you are free to choose for yourself (usually 15, 20 or 30 years), if you are alive at the end of your coverage term you can receive the entire premium cost that you paid throughout the whole term to keep your policy in force.

For example, if the insured lives five years longer than the illustrated «life expectancy,» the premiums to keep the policy in - force will need to be paid for an extra five years and the death benefit proceeds will be paid five years later than illustratFor example, if the insured lives five years longer than the illustrated «life expectancy,» the premiums to keep the policy in - force will need to be paid for an extra five years and the death benefit proceeds will be paid five years later than illustratfor an extra five years and the death benefit proceeds will be paid five years later than illustrated.

If you need to keep your policy in - force for an extended period of time, many policies are available, both on and off the Exchange.

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

A permanent life insurance policy, on the other hand, stays in force for as long as you keep paying the premiums.