Sentences with phrase «newly issued life insurance»

Roughly one - quarter of newly issued life insurance policies have a waiver of premium rider.

Roughly one - quarter of newly issued life insurance policies have a waiver of premium rider.

Not exact matches

And there is a growing trend among life insurance companies where the chronic illness accelerated benefits rider is already included in newly issued policies in states where the rider is approved.

In this case, provided that an insured continues to show evidence of insurability at periodic intervals, his or her renewal premiums will remain comparable to the premiums for newly issued term life insurance policies.

If a policyholder is in good health, he or she may apply for new life insurance coverage by showing evidence of insurability, and they can once again enjoy the lower mortality charges that are associated with the newly issued policy.

And there is a growing trend among life insurance companies where the chronic illness accelerated benefits rider is already included in newly issued policies in states where the rider is approved.

A newly purchased guaranteed issue life insurance policy will pay the entire face value right away if the insured's death is the result of an accident (such as a car crash), or if the insured was the victim of a crime.

A graded death benefit is a «clause» written into most (if not all) guaranteed issue life insurance policies which require the insured to «wait» for a period of time before their newly purchased guaranteed issue life insurance policy will begin providing coverage for «natural» causes of death.

A period of time (usually 10, 20 or 30 days) during which a policyholder may examine a newly issued individual life insurance policy, and surrender it in exchange for a full refund of premium if not satisfied for any reason.

Transferring funds from a Modified Endowment Contract to a new life insurance policy via the 1035 exchange privilege will render the newly issued contract as Modified Endowment Contract as well.