Sentences with phrase «life insured which»

In the event of death of either of the insured (husband or wife) during the policy term, the death benefits are paid top the surviving life insured which is 100 % of the sum assured once the claim is accepted.

As the advisor explains that this is done to avoid any wrong selection of life insured which will be detrimental to all other less risky insured lives.

In case of Decreasing Term option (Family Income Benefit), the nominee gets regular monthly incomes from the date of death of the life insured which can also be withdrawn at a lump sum immediately where the discounted value of the monthly income is paid

A lump sum amount is paid on death of the life insured which is equal to 10 % of the Sum Assured chosen by the policyholder.

The highlight of this plan is that it provides «triple protection» on the death of the life insured which helps take care of all eventualities.

Not exact matches

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

According to the company's website, they generate home loans «with the intention of servicing them for the life of the term,» with the exception of FHA - insured products, which are sold to investors in the secondary market.

Like Life Insurance policy, a health insurance policy is a legal contract between insurer and insured; in which insured pays premiums and in returns, insurer agrees to pay for medical expenses for a specified limit or sum insured.

Now on the flipside of buying life insurance is the notion of investors buying the policies of the insured which is called life settlement investing.

This sets them apart from term life policies, which offer coverage that is designed to insure your income earning years and end naturally when the term is over.

It is time for the preaching of a new evangelism — the evangelism of the voluntary liquidation of the competitive system in order that there may be a planned economy which shall insure to every person in the nation an adequate supply of the goods of life.

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.

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.

«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...

«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.

It also has access to Google Play, which will insure that hundreds of thousands of apps are available to download, no matter what country you live in.

Cash value life insurance policies are an asset, which creditors can take away while the insured is still alive.

Life insurance proceeds, which were paid to you because of the insured person's death, are generally not taxable unless the policy was turned over to you for a price.

In case of unfortunate death of the Life Insured, the Sum Assured on Death which is explained below is payable to the Nominee:

For members insured with Credit Insurance, coverage terminates on the last day of the month during which you reach the Termination Age of 70 for Credit Life and 66 for Credit Disability.

Apart from all these benefit SBI life Smart Money Back plan offers a free look period of 15 days under which the insured can cancel the policy if he / she is dissatisfied with the terms and condition of the policy.

It insures your life for a specific «term,» which can be 1, 10, 20, or 30 years.

Protective Life also offers survivorship life insurance which covers the life of two insurLife also offers survivorship life insurance which covers the life of two insurlife insurance which covers the life of two insurlife of two insureds.

Which means that you made the decision to get your life insured, that way, if you develop some type of health condition that would either make it impossible or cost prohibitive to purchase another policy, you can always convert your term policy to permanent coverage, regardless of your health condition.

While there are FHA - insured loans that require just 3.5 % down, those loans require you to pay mortgage insurance for the life of the loan, which will keep your monthly payments higher.

The place where an insured regularly parks a car, which may be a location different from the address where the insured lives.

The inner - workings of cash value life insurance consists of a life insurance policy, which is a contract between the policy owner, the insured (often the same person), and the insurer, where the insurer agrees to pay a death benefit to the policy's beneficiary, based on the owner continuing to make the policy's premium payments.

Also, because the federal government insures these loans, you have to pay an upfront mortgage insurance premium (currently, the fee is about 1.75 %) and annual mortgage insurance (typically 0.85 % of the borrowed loan amount), which remains throughout the life of the loan (or until you can refinance the loan into a conventional mortgage).

This sets them apart from term life policies, which offer coverage that is designed to insure your income earning years and end naturally when the term is over.

Ameritas» Keystone term policy is convertible term life insurance which allows the insured to convert all or a portion of the policy to permanent coverage.

Family Care Benefit, is a unique proposition by way of which, a part of the life insurance benefit i.e. Rs 100,000 is paid as a lumpsum to the nominee in case of death of the life insured, within 48 hours ** of submission of all relevant claim documents.

Whole Life Insurance: A type of permanent life insurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the death beneLife Insurance: A type of permanent life insurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the death benelife insurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the death benefit.

However, FHA remains responsible for insuring 100 percent of the outstanding loan balance throughout the entire life of the loan, a term which often extends far beyond the cessation of these MIP payments.

One of the best ways to expedite this process is to find an experienced and knowledgeable life insurance agent who understands the nature of application factors, classifications, rating tables, and which companies are most likely to agree to insure someone with your particular profile.

A Term Life policy offers coverage only if death occurs during a specific period of time, which coincides with the terms in which the insured member is required to make a monthly premium.

With this policy, the policy owner does have the option of converting the term life insurance policy over to a new permanent life insurance certificate — without having to prove evidence of his or her insurability — until the earlier of the certificate anniversary on which the insured is age 65, or 5 years prior to the end of the initial term period.

It is a form through which relevant information including personal, health, financial information of the Life Insured is collected to evaluate the issuance of a Life Insurance Policy.

Death Benefit: In case of death of the Life Insured during the policy term, the sum assured on death will be paid to the nominee which is highest of:

Maturity Benefit: Sum Assured on Maturity, which is the Sum Assured applicable under the Policy, is paid if the Life Insured survives till the Maturity of the Policy and the policy is in force.

On the contrary, you probably CAN afford a replacement phone, blender or auto repair in which case you can self - insure in these areas of your life and avoid lining the pockets of third party extended warranty companies.

With a paid - up policy, you make payments until a particular age (usually 65 or 70), at which point you are insured for the rest of your life or a very old age like 120.

In addition to using the proceeds from a life insurance policy to continue paying living expenses, these funds can also be used for paying off debts of the insured, as well as for paying his or her funeral and other financial expenses — which today can exceed $ 10,000.

Also, the insured may also wish to take advantage of the conversion option, which can allow him or her to convert the term policy over into a permanent form of life insurance coverage.

Whole life insurance defined: A whole life policy is a type of permanent life insurance where a contract is entered into between the policy owner and insurer, for a policy, which covers the life of the insured, for a specified insurance coverage amount, for the benefit of a beneficiary.

Life insurance coverage for which the policyholder pays an annual premium, generally for the life of the insuLife insurance coverage for which the policyholder pays an annual premium, generally for the life of the insulife of the insured.

The 7 yr forward mortality experienced from Sep 30th 2006 (my estimate: 38 mortalities) works out around at 30 % of the initial lives insured (which I make 123 after adjusting for later policy - sales and 1 policy addition), whereas the CDC 2008 (white male / female) data predicts 59 % for the 7 yr forward mortality rate at the average age which was 84 in Sept 2006.

Most policies have a 2 - year contestability period, which means during the first two years after buying life insurance, if it is found your insurance policy was issued under misrepresentation, withholding of information by the insured or the owner, or similar reasons, the insurance company can declare your insurance policy and any associated riders void.

If the total of your life insured RBC Royal Bank loans and lines of credit limit, plus any loans and lines of credit limit for which you are applying for LoanProtector insurance exceeds $ 100,000

A contract sold by a life insurance company in which an insured makes contributions into a fund that can then be withdrawn in a lump sum or a series of future payments.