Sentences with phrase «life insured as»

The fundamental of buying a life insurance policy is with an intent to provide the financial security to the family of the life insured as discussed earlier.

For some plans, the child can be the life insured as well where parent being the policyholder.

Maturity Benefit — On maturity, the basic Sum Assured + the Reversionary Bonus would be paid to the Life Insured as Maturity Benefit and the policy would be terminated.

On Policy Maturity, the basic Sum Assured + the Reversionary Bonus would be paid to the Life Insured as Maturity Benefit

Recurring Payout Option: Under this payout option, the nominee receives 10 % of the sum assured on the death of life insured as an immediate payment once the claim is accepted.The balance amount of sum assured is paid either as monthly or yearly income.

The crux of buying a life insurance policy is with an intent to provide the financial security to the family of the life insured as discussed earlier.

Fund Value as on Date of Maturity is paid to the life insured as maturity benefit (provided Settlement Option has not been exercised).

The policyholder can purchase Immediate Annuity, which is guaranteed for life for the Life Insured as long as he or she survives.

The nominee receives 10 % of the Sum Assured on the death of the life insured as a lump sum amount.

There were 31 deaths from July 07 to Jun 12, = 20.3 % of the 153 lives insured as of June 30 07.

Not exact matches

Another main line of Genworth's business, long - term care insurance, is a risky but growing market, and Genworth pleased investors in 2013 by raising rates and cutting back on some benefits as customers live longer and become more costly to insure.

And an extended family member or friend would not be able to add the student to their policy, unless they lived in the rental with the student and added them as a «named insured.»

Permanent insurance, which includes whole life and universal insurance policies, is for life: It provides a death benefit for as long as you pay the premium, but also may include cash value that can be accessed during the insured person's lifetime.1

There are many things that can impact the cost of you insuring your car in Texas, such as where you live and park it.

A renters insurance policy (known as an HO - 4) insures tenants living in almost any type of residence, including a manufactured home.

Insurance companies take money — premiums, the insurance version of revenue — as payment for insuring things like businesses, equipment, health, life, etc..

Survivorship Builder is a single policy covering two lives that pays the death benefit upon the second insured's death — an option that might prove beneficial to some, such as, providing an income tax free death benefit, liquidity for estate taxes and wealth transfer and supplemental income needs.

Such nurture in home and church, based on the love and acceptance of the student as he is, providing a basic structure for his life, insuring that he will be free to grow, assisting him in establishing his own authenticity, and offering him a life which shares the mystery of worship, will enable him to look on his world as God's world.

Mike Long has spent his entire life trying to degrade gay people and insure that we're treated as 2nd class citizens.

Environmental harm remains a big concern as the tidal industry develops, and U.S. regulators require testing to insure that such turbines don't pose a threat to marine life.

March 30, 2017 UChicago Medicine research finds patients face rising costs for EpiPen allergy drug Commercially insured patients who use the life - saving epinephrine auto - injector known as «EpiPen» have experienced skyrocketing out - of - pocket costs since 2007, according to research published March 27 in JAMA Internal Medicine.

As to what this means for education, it implies that we should be changing the goals of education to focus on deeper learning: Relevance of what is taught, to build motivation, and personalization of the What and How; Versatility, to create «Renaissance humans», which brings robustness to face whatever life throws at us; Transfer, insuring that what we learn in the narrow confines of schools, translates into actionability in real - life situations.

Ironically, people who insure these cars are also typically required to be more than 25 years old — by which time in life few people are accurately described as classic.

However, of the OS makers themselves — Google, Apple and Amazon — it's interesting that it's Amazon that has so far shown the most thoughtful approach to managing kids» digital lives, ranging from its sturdy (and insured) tablet line for kids to its robust parental controls, as well as this kid - safe FreeTime content subscription.

I would hope I would understand completely that my parents were trying to insure a better life for me as a bacha posh and that it would give me more confidence in my abilities as a woman once becoming an adult.

That keeps you as the named insured, but allows you to extend coverage to others who live with you.

The answer is to purchase a permanent policy, naming yourself as the owner and your child as the life insured.

Often, live - in partners can be added as an additional named insured.

Maturity Benefit: In case the Life Insured survives till maturity and all due premiums have been paid till the date of maturity, Maturity Benefit will be payable to the Policyholder as Sum Assured on Maturity equal to the chosen Sum Assured.

We pay an additional monthly benefit if the insured suffers a catastrophic disability that prevents the insured from performing certain activities of daily living, as defined by the policy.

You can either have the charity apply for a new policy naming it as beneficiary and you as life insured, or you can transfer an existing policy to it.

Assuming the same $ 150 a year price, and disregarding the other coverage such as personal property that comes with the policy, now you would have to live over 665 years in order to come out ahead by self - insuring.

If you're not supporting anyone else, you don't need life insurance, and it doesn't make sense to insure the lives of your children, as they have no income.

But if somehow you lie or fail to disclose a material risk factor (such as twenty or more people living in a fraternity house and you want to insure one of them with limits that are well out of the ordinary), what will happen?

And because the most common reverse mortgages, also known as Home Equity Conversion Mortgages (HECMs), are government - insured, these loans may provide you with the peace of mind you need to live a comfortable retirement.

FDIC insurance does not, however, cover other financial products and services that insured banks may offer, such as stocks, bonds, mutual fund shares, life insurance policies, annuities or municipal securities.

Maturity Benefit: In case the Life Insured survives till the maturity of the Policy and all premiums are duly paid, then the Maturity benefit shall be paid as Sum Assured on Maturity to the policyholder for all premium payment term and policy terms.

and Sum Assured on Maturity as Maturity benefit at the end of the Policy term in case the Life Insured survives till that period and all premiums have been duly paid.

While key employee life insurance is usually purchased for high - earners, you should note that the face value of the policy is often limited to a multiple of the insured's income, such as 10X.

Instead, 61 percent of millennial renters cite living in a secure property as an important reason they decided to skip coverage, while 43 percent said they don't have enough property to insure, and 41 percent said they don't understand how the product works.

However, permanent life insurance can be structured as an employee benefit, as the policy, and its cash value, can be transferred to the insured after a certain number of years or at a particular milestone.

Fundamentally, an annuity is an insurance policy, except that instead of insuring against an early death as life insurance does, an annuity is insurance against living so long that you run through your savings.

As everyone will agree, disability insurance is a crucial add on to anyone's insurance portfolio because it provides protection to the insured during unexpected events in their life.

Also known as corporate - owned life insurance (COLI), key man life insurance is purchased by a business to insure the life of one of the company's employees.

If your life insurance policy states three different people as the owner, the insured, and the beneficiary, then the death benefit could count as a taxable gift.

A key man policy can also be used as an employee benefit, since the life insurance policy can be transferred to the executive or insured employee by the company.

Guaranteed Purchase Option Rider: allows the insured to purchase additional life insurance coverage with no evidence of insurability at specific ages or for specific events, such as marriage, buying a home and the birth of a child.

The reasoning behind this is simple: life insurance proceeds are meant to be property of the beneficiary and as such shouldn't be subject to the claims of creditors of the insured.

Generally, if you receive the proceeds under a life insurance contract as a beneficiary due to the death of the insured person, the benefits are not includable in gross income and do not have to be reported; any interest you receive is taxable and you should report it just like any other interest received.

In case the Life Insured survives till the maturity of the Policy and all premiums are duly paid, then the benefits as mentioned below will be payable to the Policyholder