Sentences with phrase «lapse when»

Originally enacted in 2002, in response to the failure of insurance markets to offer terrorism risk coverage to commercial policyholders, the Terrorism Risk Insurance Act (TRIA) was extended in 2005, 2007 and again in 2015 — following a 12 - day lapse when Congress failed to complete their work on reauthorization at the end of 2014.

Until recently, people with unwanted life insurance would either: 1) Let their policy lapse when they couldn't pay for it or 2) Surrender the policy back to the insurer for the cash surrender value.

Term life insurance works perfectly in this situation, and you can buy a policy with a term of up to 20 or 30 years, and then let it lapse when you no longer need it.

The right given by an options contract will lapse when the option reaches maturity, at which time the holder will no longer possess the right to buy or sell the underlying asset.

In this case, when premium payments are missed, the policy goes straight to the grace period and then falls into a lapse when the grace period is over.

A life insurance policy can also lapse when the cash surrender value is exhausted.

While the policy is scheduled to lapse when she turns 89, the life expectancy of even a health 70 year old woman is only about 16 years, and Barbara's life expectancy is even shorter, due to her health conditions.

A life insurance policy will lapse when premium payments are missed and cash surrender value is exhausted on a life insurance policy.

• You own the policy • You choose the beneficiary • You select the amount of insurance protection • Your insurance does not decrease unless you decide to reduce it • Your insurance is not part of a group and you decide how to tailor it to your needs • Your insurance does not lapse when is in default • Your protection is portable and does not lapse when you change mortgage companies or sell the property • Your insurance is guaranteed re-newable to age 80 and after issue, you will never have to provide medical evidence

A life insurance can lapse when you can not pay the premium within the stipulated timeframe which includes the grace period.

In some cases, policies can even lapse when money gets tight or other unexpected expenses occur.

When not done properly problems can arise such as adverse tax consequences and policies that lapse when you didn't want them to.

That definitely explains why there always seems to be a lapse when it comes to Nintendo made titles.

Your child's policy won't lapse when they turn 18 or 21 — they get to keep it.

Affiliation of a Section shall lapse when the Section no longer includes three percent (3 %) of The Society's active membership.

Here local authorities instituted the Adriatic Sea's largest marine protected area for dolphins, only for the designation to lapse when commercial developers touted the jobs and other economic benefits that a recreational marina could provide.

De Blasio had another memory lapse when grilled yesterday about damning testimony from a big bucks donor, saying he doesn't remember whether he personally asked the man for a six - figure check.

But I lost my passion somewhere along the way to adulthood with the occasional lapse when movies such as E.T. and Close Encounters of the Third Kind came along.

But I lost my passion somewhere along the way to adulthood with the occasional lapse when movies such as E.T. and Close Encounters of -LSB-...]

Borja made up for his earlier lapse when he towered above Joel Matip at the far - post to win Gylfi Sigurdsson's corner and the ball was helped on by Mike van der Hoorn before Fer tapped over from close range.

Flamini put in a shift and did pretty well — perhaps one lapse when he didn't track Aguero into the box tightly enough.

Goolagong has become well - known for her «walkabouts,» lapses when she loses her concentration, starts thinking about the price of walnuts in Tasmania and neglects the execution of a faltering opponent.

Hence, their decisions to limit the extension of their current contracts appointments by only 2 years which will lapsed when Brexit comes into effect in 2 years time instead of them to have extended into 3 years as usually the case when PL managers are extending their deals.

The ban, which was unsuccessfully floated in 2010 by Legislator Ken Jenkins, a Yonkers Democrat, who plans to run for county executive this year, came in response to a gun show held at the County Center last month, and would have reinstated an embargo from former County Executive Andrew Spano that lapsed when Astorino took office in 2010.

No one had discovered that Intercare's registration with the Philippines» Department of Science and Technology had lapsed when the contract was awarded.

Orthotics have come a long way since their initial wood and strap designs, yet innovation lapsed when it came to compensating for muscle power — until now.

Orthotics have come a long way since their initial wood and strap designs, yet innovation lapsed when it came to compensating for...

The Mazdaspeed3 forces you to pay attention to what you're doing when driving quickly — you can't drive this car in the classic poser position with one hand on the wheel and the other resting on the shifter — but its relatively safe front - drive architecture and unobtrusive traction control system don't punish you for momentary lapses when you're just headed home for the day.

Overloan Protection Rider — no cost optional rider that protects the policy from lapsing when a policy loan exceeds the accumulated value.

Studies of decision making have proven that people are more likely to accept ethical lapses when they occur in several small steps than when they occur in one large leap.

Lapse Guard Rider: helps prevent a policy from lapsing when disbursements are being taken for an extended period of time in retirement.

It was introduced in October 2013, but the Bill lapsed when Parliament was prorogued.

But the other parent may have entered on a spousal visa which lapses when the marriage ends.

When activated, the Overloan Protection Rider converts the policy to a «paid - up» status and prevents the policy from lapsing when the policy's cash surrender value is insufficient to cover monthly deduction charges due to significant loans or if any outstanding loans plus accrued interest exceed cash value.

Many universal life contracts taken out in the high interest periods of the 1970s and 1980s faced this situation and lapsed when the premiums paid were not enough to cover the cost of insurance.

A UL policy lapses when the cash value is no longer sufficient to cover the insurance and policy administrative expense.

If your policy lapses when you're older, you may not have the money available to pay the tax due and you may be liable for income tax and penalties to the IRS.

The Overloan Lapse Protection Rider (OLPR) will prevent your policy from lapsing when, on any monthly anniversary, the outstanding indebtedness on the policy exceeds the policy's specified amount and is approaching the policy value.

A heartwarming story comes out of Bloomfield Hills, Michigan about a jury verdict that awarded a $ 2 million policy to an elderly widow after the life insurance company, United of Omaha, declared the policy to have lapsed when she and her husband failed to make a timely premium payment while he was dying in the hospital.

A life insurance policy is supposed to have lapsed when the customer does not pay the renewal premium within the specific time period.

Overloan Protection Rider — no cost optional rider that protects the policy from lapsing when a policy loan exceeds the accumulated value.

A life insurance policy lapses when you stop paying premiums, or if cash value depletes and no more premiums are being able to be paid from the cash value.

Not exact matches

When he conceded defeat three years ago and sold his company to Manulife, Lee - Chin agreed to a non-compete clause, which lapsed at the end of September.

He said the lapse in selling is typically a «Thanksgiving phenomenon,» but given the state of the bull market, even Cramer wasn't sure when it would end.

And if you're normally in sync when it comes to sex, and suddenly you're not, don't think this momentary lapse is forever said Sari Cooper, certified sex therapist and director of Center for Love and Sex.

But, the study's authors found that the impact of laughter on teams» performances only occurred when the humour was interactive and engaging; in instances where the humour was isolated — think somebody telling a joke and the room lapsing into awkward silence — there was no effect on performance.

When you take video, you can fast forward through time with time - lapse app Hyperlapse on iOS.

«When we built a grandstand at Carleton University in Ottawa, I made a two - minute time - lapse video of the process using a $ 150 camera,» he says.

Rank may have its privileges — but never when it comes to lapses in integrity or values - based behavior.

When a boss doesn't communicate clearly — whether by email, face - to - face, or via text messaging — that lapse can create confusion and needless back - and - forth.