Sentences with phrase «life of the policyholder»

Unlike term insurance, a permanent life insurance policy is good for the entire life of the policyholder.

Upon the loss of life of the policyholder, the predetermined amount is paid to the nominee.

The annuity can be taken on a single life of the policyholder or on joint life of that of the policyholder and his spouse.

Whole life insurance is designed to last for the entire life of the policyholder, and the amount of life insurance coverage also remains level throughout the length of the policy.

John Hancock Vitality life insurance also expands Apple Watch Program — Part of global initiative to encourage healthy living of policyholders Today, Manulife's U.S. division, John Hancock also announced an expansion of its Vitality program.

«We want to make life insurance more immediate and relevant in the daily lives of our policyholders and help them connect their financial well - being to their long - term health,» Michael Doughty, president of John Hancock Insurance, said in a statement.

You can find some policies which can be converted to more permanent life insurance which typically provides coverage for the entire life of the policyholder while also building cash value for them that they can cash in when they get older.

Voluntary whole life protects a policyholder and his family throughout the entire life of the policyholder.

Final Expense Life Insurance can not be cancelled for any reason during the life of the policyholder as long as premiums are paid.

Premiums are guaranteed to remain unchanged and the policy remains in force for the life of the policyholder so long as premiums are paid.

Group whole life insurance — Group life insurance purchased for the life of the policyholder.

Another great point the article makes is that whole life premiums remain fixed for the life of the policyholder.

A term plan is purchased to cover the life of the policyholder.

They can be taken to cover the life of the policyholder's spouse as well under the joint annuity plans.

Enhanced Cover: It is a special option provided by the online terms plans of specific insurers the chance to enhance their life cover at their critical situations of the life of the policyholder.

Cancer treatment expenses, unless there is an emergency and the treatment is necessary so that the life of policyholder can be saved or his / her pain can be relieved.

Also, in a life insurance plan, the risk lies on the insurance company as they cover the life of the policyholder.

A term - life insurance policy covers a specific period of time, generally 10, 20 or more years, whereas the whole life insurance policy is for the entire life of the policyholder.

While whole life insurance offers coverage for the entire life of the policyholder, term life insurance has a fixed period of time where the premium remains level.

Whole and universal life insurance are in place for the entire life of the policyholder.

Whole life insurance is good for the entire life of the policyholder, as long as premiums are current.

Whole life insurance, also commonly referred to as permanent life insurance, is a life insurance policy that is good for the entire life of the policyholder, even if they live past 100.

Finally, Penn Mutual offers a variety of educational resources online to further make the lives of their policyholders all the easier.

1971, Ohio State Life was the first to advance death benefit monies to sustain the life of a policyholder.

In 1971, another predecessor of Americo Life Insurance Company, Ohio State Life, was the first insurer to advance death benefit payments to sustain the life of a policyholder.

In this type of plan, policy cover the life of policyholder even after the term of the policy.

This policy helps policyholders to prepare of milestones in the lives of the policyholders and their loved ones, through the feature of money back guarantee at regular intervals during the policy term.

Permanent life insurance is more expensive because it can last the entire life of the policyholder and has additional fees due to the investment component (see Insurance as an Investment?

Permanent life insurance is life insurance that remains in effect for the entire life of the policyholder.

From the very beginning, the founder, Channing Webster Brandon, founded the business to provide value to the lives of policyholders and this vision has carried them forward ever since.

The most significant benefit of cash value life insurance is its ability to offer coverage for the entire life of the policyholder.

Life Annuity: Annuity is payable through the entire life of the policyholder.

Life Annuity with Return of Purchase Price: Annuity is payable throughout the life of the policyholder.

Life Annuity guaranteed for 5, 10 or 15 years: Annuity is payable to the policyholder for a guaranteed period of 5, 10 or 15 years and thereafter, the entire life of the policyholder.

Whole life insurance is commonly referred to as permanent life insurance, which is a life insurance policy that is good for the entire life of the policyholder, even if you live past age 100.

In contrast, whole life plans do not have a fixed term & the plan is effective till the entire life of the policyholder or 100 years, whichever is earlier.

The premium remains constant throughout the life of the policyholder.

If this benefit is chosen, an extra benefit will be applicable on the life of the policyholder.