Sentences with phrase «life of the insured as»

Permanent life insurance lasts for the entire life of the insured as long as the premium is paid.

Permanent life insurance lasts for the entire life of the insured as long as the premium is paid.

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.

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..

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.

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.

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.

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.

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.

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.

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.

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

Living Needs Benefit (Accelerated Death Benefit) Rider: at no additional cost, this living benefit pays out a portion of the death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months orLiving Needs Benefit (Accelerated Death Benefit) Rider: at no additional cost, this living benefit pays out a portion of the death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months orliving benefit pays out a portion of the death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months or less.

Life insurance classified as return of premium (ROP) features a return of premiums paid to purchase coverage if the insured outlives the term of the policy, or payment of some portion of premiums paid to the beneficiary upon the insured's death.

Term life insurance is defined as a contract between the owner of the policy and the insurer, for a policy on the life of the insured, whereupon the insured's death, the insurer pays a lump sum death benefit to the beneficiary.

Each year as you grow older, the cost of insuring your life gets more expensive for the life insurance company, This is why the older you are, the more it costs to purchase a term life policy.

As perhaps one of the most popular types of permanent life insurance, whole life, also known as ordinary life insurance, is a policy that provides lifelong coverage and will only come to an end after the death of the insureAs perhaps one of the most popular types of permanent life insurance, whole life, also known as ordinary life insurance, is a policy that provides lifelong coverage and will only come to an end after the death of the insureas ordinary life insurance, is a policy that provides lifelong coverage and will only come to an end after the death of the insured.

Just like we saw with whole life insurance, the death benefit works in exactly the same way in that it will be paid to the beneficiary as long as the insured passes away within the dates of the policy, i.e. the contract.

There are many uses for life insurance, such as payoff of debt, continuation of living expenses for the insured's survivors, college funding, and ensuring that the insured leaves a legacy.

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.

Living Benefit: A benefit that provides for the payment of a portion of the death benefit prior to an insured's death should the insured be diagnosed as terminally ill.

A life insurance policy is referred to as whole life because the insured is meant to have the policy for the entire span of their life.

If the insured dies during the «contestability» period of the contract, usually the first two years of the contract's life, payment may be delayed as the insurance company checks the application to make sure there were no inaccuracies, whether intentional or inadvertent.

The insured must have a life expectancy of six, twelve, or twenty - four months or less (not only does the carrier make a difference, but the state the insured lives in makes a difference as well.)

A type of permanent life insurance designed to cover the expenses related to the death of the insured, such as funeral costs, medical expenses or legal fees.

Another benefit of term life insurance is that you will continue to be insured in the future as long as you meet the premium payments when due, regardless of any changes to your health, occupation or pastimes.

2 Accelerated Death Benefit for Chronic Illness Rider pays 92 % of death benefit (less a $ 150 administration fee, $ 100 in Florida) if an insured becomes permanently chronically ill, meaning the insured is severely cognitively impaired, such as Alzheimer's, or is unable to perform two of six Activities of Daily Living, such as bathing, continence, or dressing.

If you take out a mortgage loan insured by the Federal Housing Administration — better known as an FHA loan — you might have to pay PMI for the life of the loan.

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

Coatesville, Levittown, and Philly ranked as the three most expensive places to insure a car based on our benchmark profiles, but drivers living here can still knock off hundreds of dollars from their annual car insurance costs by comparing quotes.

In case of death of the Life Insured during the Policy Term, the Sum Assured on Death will be payable to the Nominee or the Policyholder as the case may be, subject to Policy being in force.

Policy Fund Value (including any Loyalty Additions) as on the date of intimation of death of the Life Insured

As an extension of that, those with nontraditional lifestyles will want to ensure that everyone living with you is named in the policy or the definition of named insured.

This federally insured program allows you to receive up to $ 400,000 in one lump sum payment or as monthly payments for the rest of your life.

There are fees and charges for variable life insurance, including a cost of insurance based on characteristics of the insured person such as gender, health and age.

During the period that is selected, the amount of the premium rate will remain the same — and, as long as the premium is paid, the policy will guarantee a level amount of life insurance protection up to the insured's age 95.