Sentences with phrase «no lapse period»

If your due premium remains unpaid at the end of the grace period, the policy shall lapse and no life cover will be provided to you during lapse period.

«The figures are not comparable since the definition of revival and lapse period for Ulip policies differ from company to company.

Lapsed Policy Reinstatement: If the premium due remains unpaid by the end of the grace period, the policy gets lapsed and no life cover will be provided to you during lapse period.

No Lapse Period: The Financial Foundation IUL offers different no lapse periods based on your age at issue.

For ages 0 - 45 the no lapse period is 20 years.

For ages 61 + the no lapse period is 5 years.

Ages 46 - 60 have a no lapse period to age 65.

Mental harassment, responsibility and possible loss of money, in case of any accident, during the lapse period.

Between the 30 - 60 day period policies typically move into a lapse period, which means that a policy can still be re-instated without evidence of insurability, but the proceeds will not pay out if you die during that time.

The no lapse period can range from as few as 5 years even up to age 121.

During the no lapse period, the insurer guarantees the coverage will continue, even if the cash value drops to zero.

At the end of the initial no lapse period, these policies don't technically «convert», per se.

For ages 0 - 45 the no lapse period is 20 years.

For ages 61 + the no lapse period is 5 years.

Ages 46 - 60 have a no lapse period to age 65.

No Lapse Period: The Financial Foundation IUL offers different no lapse periods based on your age at issue.

Less than five years, is the lapse period.

The auto insurance industry considers the lapse period to be from the time your coverage stops until:

For example, when changing policies, it is often important to complete the process in a particular manner so that a lapse in insurance is avoided, which would only leave you vulnerable to the possibility of a disaster in Westown happening during that lapse period.

You need not write about the lapse period in employment in your resume.