Sentences with phrase «money upon the policy»

If you're not familiar a term life insurance policy is a contract that pays a specific amount of money upon the policy - holder's death.

Not exact matches

Refund / Cancellation Policy: In case a Client has paid or deposited money with the Company with respect to the services offered by the Company through the website, the Company reserves the right to refund / send back to the Client any amounts received in any of the following events: (a) Upon the Client's request, and subject to the Client's balance with the Company and subject to the Client being KYC compliant.

Life insurance policies pay money to a beneficiary upon the policyholder's death.

At its most basic, life insurance provides a sum of money, called a death benefit, to the beneficiary of a life insurance policy upon the death of the insured.

Furthermore, upon completion of agreement and maintenance, company's money back guarantee policy is based on the following: 1) each deleted / improved item per credit bureau from client's credit file will be assessed a $ 50 value in which the amount of items deleted / improved will be subtracted from the total paid to determine the refund portion 2) Example: if there are 4 items deleted from the credit file the total value will be $ 200, if the client has paid $ 500 then the client would be due a refund of $ 300 3) Example: If there are 12 items deleted from the credit file the total value will be $ 600, if the client has already paid $ 500 then there would be no refund due since the value of the deleted items is more than what the clients have paid.

Life insurance is a contract between you and a life insurance company to guarantee your survivors a sum of money upon your death, provided that all of the premiums are paid and the policy is still in force.

This beneficiary is the individual who will receive the policy's benefits (money payout) upon your death.

The definition of life insurance death benefit is the amount of money payable to the beneficiary or beneficiaries listed on a life insurance policy upon the death of the insured, minus any policy loans.

And here's the bottom line: all life insurance policies promise to pay an agreed - upon sum of money should you die while your policy is in - force (that is, while you're paying your premiums on time and while you're still operating within the terms of your contract).

A premium is paid monthly to keep the policy active, covered in full or in part by the employer, and upon the death of the employee a lump sum of money, the death benefit, is paid out to a designated group or person known as the beneficiary.

You read that right, while your loaned cash value is working to earn you money in other areas, you'll continue to receive tax advantaged dividends at the same rates based upon the entire cash value of your policy.

What makes climate science different is that it has stumbled upon a gold mine with rich veins of government - sponsored research money and an ability to wield a level of influence on economic policy that far outstrips their competence to wield it.

The contention that Pace relied upon the First American title insurance policy and would not have loaned money to the Pereiras had the policies described the Luso mortgage dragnet clauses is contrary to the record.

A $ 10,000 policy with one company will pay the same amount of money upon your passing as a $ 10,000 policy from another insurance company.

The life insurance cash value is the amount of money you are given if you cancel (surrender) the policy before you die, while the face amount (death benefit) is the amount your beneficiaries will be paid upon your death.

A critical illness policy on the other hand assures you a certain per - decided amount of money upon diagnosis, which can be utilised in any way.

Life insurance is financial coverage that pays a specified amount of money to a chosen beneficiary upon the death of the main policy holder.

A premium is paid monthly to keep the policy active, covered in full or in part by the employer, and upon the death of the employee a lump sum of money, the death benefit, is paid out to a designated group or person known as the beneficiary.

The death benefit of a life insurance policy is the amount of money that is paid out to your beneficiaries upon your death and is determined by the life insurance contract.

Life Insurance or assurance is a legal contract between the insurer or the insurance company, and policy owner / holder who is the person availing of the plan and whose family will receive money upon his / her death or any other event such as terminal disease.

All life insurance policies work on the same basic premise; make payments, called premiums, to the insurance company, which guarantees to pay chosen beneficiaries a sum of money upon the death of the insured.

This beneficiary is the individual who will receive the policy's benefits (money payout) upon your death.

Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder).

It defines life insurance «as a contract between and insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.»

The policies offer life insurance coverage that pays money to a designated survivor upon the death of the insured person.

If you'll have a lot of assets to pass on or assets worth a lot of money, talk with your estate planner or attorney about the policy so that the money pays for estate taxes your heirs would have to contend with upon your death.

Both types of insurance pay a lump sum of money to the beneficiary upon the death of the policy holder.

The policy will pay out the set death benefit tax free to your beneficiaries upon your passing (unless you have their Modified plan) which gives them the money to pay for your final expenses.

Life insurance policies pay money to a beneficiary upon the policyholder's death.

That person depends upon your earning capacity and so the payout money from a life insurance policy could help to ensure that he or she could be better provided for financially if you were no longer here.

Even though the payout of a life insurance policy won't be hit with income tax, if the money gained from your policy pushes you over the estate tax threshold (which was placed at $ 5.49 million in 2017), any money in your estate above that threshold will get hit with the estate tax upon your death.

So keep up with a regular loan payment schedule and repay the money as soon as you can so your family is able to take full advantage of your Life insurance policy upon your death.)

However, if we fail to meet your expectations, upon delivery of your policy we have a 100 %, no questions, no hassles money back guarantee.

The money that your policy pays out upon your death or at retirement can help pay off your house, solidify your family business or send your kids to college.

Upon your passing, your beneficiary or beneficiaries would receive the payout money — the coverage amount of the insurance policy.

Because your family depends upon you and if you get into any trouble regarding your health, you have to invest money, but if you have health insurance policy you can get good treatment with your policy.

This means that, upon death of the insured individual, the policy only pays out if payments have been kept current; if payments stop before the individual dies, the policy is no longer in force and will not pay out any money.

Upon receiving all of the bids, the broker lets the policy owner know which company offered the most money for the policy.

Every life insurance policy has a «death benefit,» or a sum of money to be paid to a beneficiary upon your death, attached.

The insurance company pays a specified amount of money / death benefit to the beneficiary of the insurance policy owner upon his death, as stated earlier in the policy agreement.

Upon successful acceptance, your National motor insurance policy in India will be discontinued and money will be refunded in your bank account.

Life insurance is a contract between an insured (insurance policy holder) and an insurer, where the insurer promises to pay a designated beneficiary a sum of money (the «benefits») upon the death of the insured person.

You read that right, while your loaned cash value is working to earn you money in other areas, you'll continue to receive tax advantaged dividends at the same rates based upon the entire cash value of your policy.

Making money on a variable universal life insurance policy depends upon understanding how this insurance policy works, what to avoid when you have one, and how to put it to work for you.

This type of insurance plans serves the purpose of indemnity of the insured during the term of the policy and offers returns at the end of the policy term, but here returns depends upon the market value of the funds in which money had been invested.

In a critical illness policy, the insured individual receives a tax - free, sum of money upon the diagnosis of the specified critical illness.

A life insurance contract outlines how much money the insurance company will pay out to your loved ones upon your death, how much you will pay each month as a premium, and the period of time the insurance policy will cover you.

Term insurance is a type of policy that pays a predetermined amount of money upon the death of the person insured.

In addition, if you have a large estate, your heirs could use the money form your policy to help pay any state or federal estate taxes owed upon your death.

How Face Amount and Cash Value Work Together If the policy holder wish to have more money for his family upon his retirement then it would be more profitable if there are additional riders that are attached in the cash value account.