Sentences with phrase «life insurance language»

All you do is save a fixed amount of money each month for a set length of time (a «term,» in life insurance language).

Term life insurance language seems to have come from another planet.

Not exact matches

Our language is filled with euphemisms about death: somebody passed away, or «we lost Uncle Ned»; if a husband and wife discuss life insurance, one typically hears, «If something should happen to me...,» not, «When I die...» Graveyards became cemeteries and then memorial gardens, the corpse has become the remains (and a cremated corpse the cremains), burial has become interment, and the death certificate the «vital statistics form.»

I will try to explain this in a layman language so that readers of this article can understand what life insurance is all about.

One commenter requested changes to the language in the model authorization to avoid confusion when used in conjunction with an insurer's authorization form for application for life or disability income insurance.

When it comes to the different types of life insurance, it is easy to get confused and tangled up in the various terms and language used.

Seniors face confusing choices, but we try to simplify your search by breaking down life insurance options into understandable language.

Like any other type of life insurance, term life insurance represents a legal contract between the owner of the policy and the insurance company, and like any type of contract, it has a language of its own.

Additionally, most final expense life insurance policies will also have written language about what happens should someone die from natural causes during the «Graded Death Benefit Period».

We are going to break the various categories and language that insurance companies look at for approving or not approving someone's application for life insurance.

The life insurance industry has been around for hundreds of years and has developed its own language and lingo.

It's easy for us life insurance professionals to get caught up speaking that language with our clients, but it's not easy for you to always understand.

There are over 850 life insurance companies in America, and all these companies are required to include legal language (the stuff you may consider industry jargon) in order to sell policies.

Life insurance policies are written in legal language that can be confusing, so all policies include a definitions section that defines words used in the policy.

Although sba.gov does not currently use mandatory language, most small business owners would be hard pressed to find a lender that does not require a SBA loan be covered by life insurance, unless there is no concern over whether the business could survive in the absence of an individual or small group of individuals.

State regulators, knowing that some unscrupulous life insurance companies in the past would basically swindle people out of money by taking a payment and then delivering a life insurance contract with language that would allow them to deny many death claims, decided that serious protection for consumers was needed.

A life insurance company depends a great deal on reputation and as a result they try to write language in their policies that will stand up to any type of legal scrutiny.

Time - limited coverage: Term life insurance only protects you during a pre-defined period of time (which is called «term» in insurance language).

Subrat Mohanty, head of marketing, Bajaj Allianz Life Insurance, said that this was a campaign in which a vehicle prepared with service support materials and representatives goes out to places and a group of performers perform a street play in the local language.

By understanding the language and basics of your policy, you will be able to understand other types of life insurance policies in the future.

Before you sign on the dotted line for any policy, you should understand the language of life insurance.

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I expressed how that seemed at best shady and that it didn't seem a stretch to call it unethical since the conversion language in their term insurance policies says «We will make a permanent individual life policy available for exchange... We will not require the insured to submit evidence of insurability».

Yogesh Gupta, head (business procurement and micro insurance) at Bajaj Allianz Life Insurance, said renewal of policies have been very challenging in rural areas due to factors such as customers» low literacy, low awareness, language barrier, lack of infrastructure, and «untraceable» cinsurance) at Bajaj Allianz Life Insurance, said renewal of policies have been very challenging in rural areas due to factors such as customers» low literacy, low awareness, language barrier, lack of infrastructure, and «untraceable» cInsurance, said renewal of policies have been very challenging in rural areas due to factors such as customers» low literacy, low awareness, language barrier, lack of infrastructure, and «untraceable» customers.

I was just reading the language in a Banner Life policy I have and speaking to the cost of the benefit, it says, «There is no premium or cost of insurance charge for this rider.

However, we at LifeQuote believe that life should be easier so does the insurance language.

So I want to go over some very important things you should know about your grace period but first here is sample grace period language from a United of Omaha life insurance policy.