Sentences with phrase «life insurance policy contract»
These options can be attached to your basic term life insurance policy contract to customize and enhance your policy so it can meet your needs.
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As an example, a minor child or an individual who is not mentally competent would not be able to legally enter into a binding life insurance policy contract.
However, you may need to notify your insurance company of your conversion request by a specific date stated within your term life insurance policy contract.
The owner of a life insurance policy is the person or entity that has the rights that are stipulated in the actual life insurance policy contract.
When purchasing a policy make sure you review your life insurance policy term when you receive the actual life insurance policy contract, to make sure the Effective Date and Expiration Date are correct.
Most guaranteed level term life insurance policy contracts are divided into five - year increments, with the shortest lasting five years and the longest at 30 years.
The person or entity that you name as beneficiary on your life insurance policy contract will receive the death benefit proceeds when you die.
Because life insurance products and companies differ, not all riders and endorsements presented here are offered under every life insurance policy contract or offered by every insurer.
Life insurance policy riders are additional supplementary benefits that can sometimes be added onto a life insurance policy contract to enhance coverage.
Because life insurance products and companies differ, not all riders and endorsements presented here are offered under every life insurance policy contract or offered by every insurer.
Life insurance policy riders are additional supplementary benefits that can sometimes be added onto a life insurance policy contract to enhance coverage.
The person or entity that you name as beneficiary on your life insurance policy contract will receive the death benefit proceeds when you die.
As long as you pay your premium as you set out to and as described in the life insurance policy contract, your beneficiaries will receive the death benefit when you pass away.
When you die, the insurer promises to pay a sum of money outlined in the life insurance policy contract.
Look inside your life insurance policy contract.