Sentences with phrase «life of the policyholder while»

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.

Not exact matches

However, these days only a handful of insurers offer LTC insurance, so another option may be life insurance with an LTC rider, which allows families to tap into the benefits they would receive upon the policyholder's death while he or she is alive and requires care.

While these disadvantages may not be relevant to a policyholder, they can lead to a mutual life's management deciding to reorganize the company to overcome some of these issues.

More specifically, earthquake insurance covers damages to your house, personal belongings inside your home, and Additional Living Expenses (ALE) or loss of use, which are the costs to live somewhere else while a policyholder's area is evacuated or their home is repaired.

Life insurance rates are set largely based on the risk of the policyholder dying while covered by the policy.

Term life offers coverage for a set period of time and then expires, and pays a death benefit to beneficiaries if the policyholder dies while the policy is in effect.

While checking for life insurance cover online, you can read the reviews of the policyholder online and can get every detailed information about the policy plans and benefits on the company's website.

Prudential also offers Term Elite protection, which provides policyholders the protection of term life while preparing them to convert to whole life insurance.

While in a perfect world life insurance policyholders would always be able to pay their monthly premiums, there are in fact times when those payments are out of reach.

While a younger policyholder may have less money to invest in a policy, he or she can opt for a term plan instead of whole life insurance to avoid added costs.

Another key difference between permanent and term life insurance is that various types of permanent life insurance policies accrue cash value that can be accessed while the policyholder is living.

What is variable life insurance While the primary purpose of life insurance is to provide a death benefit in the event of the policyholder's untimely demise, life insurance can provide an investment component as well.

For instance, a life insurance policyholder may be able to access some of the cash value to meet their immediate needs while keeping the policy in force for beneficiaries.

The difference between the two is that while term insurance is valid for a fixed number of years, whole life insurance lasts till the policyholder is alive.

While scouting for a life insurance cover online, you can read reviews of policyholders and can take a better decision based on this information.

Older adults might not have their needs fully covered with health insurance, and while some life insurance policies come with riders that let policyholders access the death benefit early in cases of terminal illness, it won't be available to them to cover long - term care services like nursing homes or at - home care.

Life insurance rates are set largely based on the risk of the policyholder dying while covered by the policy.

When added to the Secure Lifetime GUL 3 life insurance policy, the policyholder may be able to access a portion of the policy's death benefit funds while he or she is still alive.

More policyholders are becoming aware of the life settlement option, which increases supply, while investors are focused on buying distressed portfolios of already - settled policies, and new capital remains scarce.

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.

While these publicly owned insurers need to satisfy their shareholders, North American Life Insurance Company can focus more of its attention on offering efficient and personal customer service to its policyholders.

The cash value accumulation portion of any permanent life insurance is only available to the insured person while they are still alive, and is available to borrow against (for which the policyholder will be charged interest) or for withdrawal.

While there are many companies that offer life insurance coverage, they are not all the same in terms of their financial strength and stability, and their reputation for paying out their policyholder claims.

While term policies are usually the cheapest form of life insurance, whole life policies offer a number of benefits that policyholders may want to consider, including a guaranteed death benefit, predictable premiums over time, and even dividends that can provide cash or help offset the cost of insurance over time.

Indexed universal life insurance differs from variable universal life insurance in that indexed policies follow a stock market index, while variable policies can allow policyholders to allocate funds to a variety of investment vehicles, such as stocks, bonds and equity funds.

In many ways, final expense life insurance works just like other types of life insurance coverage in that the policyholder will pay a premium in return for death benefit coverage should the insured pass away while the policy is in force.

Terminal illness riders and critical illness riders on life insurance policies release a sizable chunk of the policy's death benefit to the policyholder while he / she is still alive, allowing the usage of the death benefit funds on valid diagnosis of one of the critical or terminal illnesses stated in the policy.

on life insurance policies release a sizable chunk of the policy's death benefit to the policyholder while he / she is still alive, allowing the usage of the death benefit funds on valid diagnosis of one of the critical or terminal illnesses stated in the policy.These riders» critical / terminal illness payout is tax - exempt, and beneficiaries also receive the left over face value, untaxed, upon the policyholder's passing.

The overall effect of all these factors determines how much the company needs to charge in order to provide life coverage while making a profit and paying dividends to its policyholders, if it is a mutual insurance company.

Policyholders should thus exercise caution while taking up a loan against a life insurance policy because the policy is supposed to protect one's loved ones in the event of their death.

Living benefits of life insurance are the benefits that a life insurance policyholder can capitalize on while they are still alive.

Loss of use coverage in a home insurance policy provides a policyholder with additional living expenses to find and rent a home while the insured home is undergoing repair.

In the unfortunate event of death of the policyholder or parent invested in a child plan, future premiums are waived off while the child receives a lump sum beneficiary amount as life cover along with maturity cover benefits at the end of policy tenure.

While most life insurance companies conduct database checks for the death of policyholders so beneficiaries will get paid, not all of insurers do so in a timely manner.

It pays only if death occurs during the term of the policy, which is usually from 1 to 30 years while Whole Life or Permanent Insurance pays «death benefits» when the policyholder dies or prior to «Maturity» (that may occur at age 120 for example).

Upon selling the life insurance policy to the viatical settlement provider, the company or the individual will be the sole beneficiary of the entire policy while delivering payment to the policyholder and paying the mandated premiums of the policy.

The death benefit is the amount of money the beneficiary would receive in the event the policyholder dies while the life insurance policy is in force.

Life insurance is a type of insurance that provides a death benefit to the beneficiaries in the event the policyholder dies while the policy is in force.

Permanent life insurance, the other major category of life insurance, allows policyholders to accumulate cash value, while term does not, but there are expensive management fees and agent commissions associated with permanent policies, and many financial advisors consider these charges a waste of money.

More specifically, earthquake insurance covers damages to your house, personal belongings inside your home, and Additional Living Expenses (ALE) or loss of use, which are the costs to live somewhere else while a policyholder's area is evacuated or their home is repaired.

Either way you will always get some payout on death benefit, while under a term life insurance policy, the possibility always exists that the policyholder will outlive their policy, and lose all of the money the paid in.

Today, many life insurance policies will also allow policyholders to access a portion of the death benefit for certain needs while the insured is still alive.

It is a non-linked, non-participating assurance plan designed to provide an affordable life cover while returning all the premiums to the policyholder at the completion of the policy term.

LOSS OF USE: A provision in homeowners and renters insurance policies that reimburses policyholders for the additional costs (housing, food, and other essentials) of having to live elsewhere while the home is being restored following a disasteOF USE: A provision in homeowners and renters insurance policies that reimburses policyholders for the additional costs (housing, food, and other essentials) of having to live elsewhere while the home is being restored following a disasteof having to live elsewhere while the home is being restored following a disaster.

In the event of the death of the life insured, the nominee stands to receive the promised sum assured while no benefit is provided if the policyholder survives through the policy tenure.

It also provides additional living expenses, known as loss - of - use coverage, if a policyholder must move while his or her dwelling is repaired.

Accelerating sales of different kinds of insurance products — including whole life, term life, home, and health — and corresponding policyholder services while educating clients about product offerings and presenting and selling the best plans to meet their needs.