Sentences with phrase «keeps the policy premium»

The premise is to take the lowest amount of premiums to keep the policy premium and benefit level until you die.

Not exact matches

One factor keeping premiums down is the financial crisis, which reduced overall demand for health care policies, Meyerhoefer says.

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.

John Doe agrees to purchase Jane's $ 500,000 policy for $ 150,000 cash and will keep paying her premiums.

In regard to economic policy, the Party promises to create a low cost environment for business by permanently keeping levels of taxation low, enacting a Red Tape Review (similar to the one in British Columbia) to aid small business, and eliminating health care premiums.

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.

A life insurance policy is cover that a person takes out, keeps up with the monthly premiums and in turn the insurer undertakes to pay their dependents / beneficiaries out upon their death.

If a policy is cancelled, the insurance company no longer needs to keep the reserve to fund the policy in the later years, so it will refund to you the overpayment of premiums, called the cash surrender value.

As long as you keep paying the premiums, a term policy will follow you wherever you go.

Once you choose your, you will pay a premium to the life insurance company to keep the policy in force until the end of the defined term, or the end of your life, whichever comes first.

If you have a life insurance policy, and you've been keeping up with your premiums, your insurer will pay out a death benefit when you die.

Instead of taking back the refund, you can choose other non-forfeiture options, such as using the cash to continue to pay premiums, acquire reduce paid - up insurance (using the cash to buy a reduced amount of permanent coverage) or acquire extended term insurance (keeps the coverage the same, but reducing the length of the policy)

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.

You can get local service through IHMVCU Insurance Services, and keep your existing policy - that means no premium or coverage changes.

This might not matter to you if the policies offered fit your needs, and you may find more flexibility with a return of premium rider that you can add to a wider variety of policies, but it's something to keep in mind when you're looking at policies that are available to you.

We will pay all the future premiums on your behalf and keep your Policy cover in force until Maturity.

If you are unable to keep paying the premium, the policy will be cancelled.

This helps keep term life premiums lower for young people than permanent policies, which eventually will have to pay a death benefit.

You only need to pay your premium each year to keep the policy in effect.

The 15 - year policy premium can be financed into the loan, but you keep the policy even after the loan and premium, is paid off.

A disability insurance policy that has a noncancelable provision keeps the premiums level (i.e. fixed) for the policy's duration.

If he did sign off on the policy when it was put in place, then she has the right to keep paying the premiums.

If you fund the contract with more premium than is necessary to keep the policy in force over any seven - year period, the life insurance policy fails the seven - pay test.

Insurance companies customize farm and ranch policies to keep premiums low.

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

This is why it's incredibly important to keep close track of your policy's cash value if you use it to pay premiums.

The owner has the option to keep the policy at higher premiums, or in some cases, at a lower face amount.

All three policies were with three separate carriers, which made keeping track of when the premiums were due a bit of a hassle.

Now if you are building up this reserve inside your policy to keep your premiums level when you're older, and you cancel your policy, the insurance company will actually refund you a percentage of that reserve.

A car insurance premium is what you pay regularly to keep your policy in force.

This means that there is a minimum premium you can pay each month to keep your policy active.

That's because insurers price their policies based on the risk you pose; the younger you are, the more likely you are to keep living — and keep paying your premiums.

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.

In addition to remaining in effect as long as you pay your monthly premiums and keep any other obligations per your contract with the insurance company, these type of policies also accrue «cash value».

* Of course, depending upon policy performance and factors such as loans and withdrawals, the policy may require a minimum premium (s) to keep the 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.

Of course, depending upon policy performance and factors such as loans and withdrawals, the policy may require a minimum premium (s) to keep it in force.

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.

A «noncancelable» policy is similar to the «guaranteed renewable» in that the insured has the contractual obligation to keep the coverage in force if premiums are paid on time.

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

In other words, with whole life you can keep the coverage until you die and you probably won't pay premiums on the policy later in life, particularly if you chose limited pay life insurance.

Keep in mind that changes to your house mean changes to your policy - a sprinkler system for fire protection will get you a better premium; high - end appliances should require more dwelling coverage.

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

John Doe agrees to purchase Jane's $ 500,000 policy for $ 150,000 cash and will keep paying her premiums.

This can eventually build into a zero - cost policy, where all premiums can be paid from the cash value that has built up, while still keeping the same payout amount (death benefit).

What this really means is that if the base premium of the policy is not paid, and there is cash value in the policy, then the cash can be used to pay the base premium in order to keep the policy in force.

After the grace period ends, your policy will lapse, you will no longer be insured and the life insurance company keeps all your premiums paid.

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