This is a grim reminder to all those who do
not keep their policy in force by paying regular premiums and as a result their dependents are deprived of the full sum assured in the event of such unfortunate occurrence.
Not exact matches
In addition, when some customers did get adequate insurance and provide proof, the bank still
kept the
forced - placed
policies on accounts or didn't refund the premiums, or related fees and charges including repossession fees.
If someone wants to practice some crazy belief
in the privacy of their own home or
in a church with like minded nutjobs thats their right — but do
nt force you prayer on me, make
policy based on those nutjob beliefs and please
keep your blessings to yourself — I do
not want them.
That does
not mean that
keeping a
policy in force has
not impact on your rating.
Just because one of your relatives
kept a
policy in force for decades, does
not mean that it remained
in force when he or she passed away.
There are many good ways to
keep your
policy in force so that you don't even have to worry about trying to backdate renters insurance.
What this really means is that if the base premium of the
policy is
not paid, and there is cash value
in the
policy, then the cash can be used to pay the base premium
in order to
keep the
policy in force.
There are a number of other ways to make sure you get good tenants who will
keep their
policies in force, but when they refuse to get renters insurance that's required throughout the entire building, that's a bad sign of a tenant you don't want to be hassled with.
This doesn't give them any coverage, of course, it just makes sure they're
kept apprised if the
policy is
not in force for any reason.
The insured has the choice of either deferring the medical examination for up to six months or choosing
not to undergo the medical exam at all and just
keeping the blended
policy in force as it is issued.
Life insurance is subject to exclusions and limitations and terms for
keeping it
in force, Certain types of
policies, features and benefits may
not be available
in all jurisdictions or may be different.
While you don't have to continue paying premiums, you must technically still pay to
keep the
policy in force.
You are protecting your loved ones by
keeping your
policy in force and
not letting your
policy lapse like so many others who do.
It's important to note that as long as you
keep your
policy in force, the growth
in your cash value is
not taxable.
There is also no change
in premium, unlike the Term, and both the
policy benefit and cost of coverage will
not change as long as you
keep the
policy in force.
This means that, if you decide
not to
keep the life insurance coverage at any time within the first 30 days that the coverage is
in force — for any reason — the
policy can be returned, and the premium will be refunded.
In the same document, under Section 264 (a), it was also set forth that premiums paid to keep the policy in force would not be deductibl
In the same document, under Section 264 (a), it was also set forth that premiums paid to
keep the
policy in force would not be deductibl
in force would
not be deductible.
The duration can be as little as a year or as many as 40, but whichever you choose, it's the time period
in which the issuer can
not change your premiums so long as you maintain your premiums and
keep your
policy in force (current).
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.
Insurance cash values may provide tax - free income as long as the
policy is
kept in force and withdrawals do
not exceed the cost basis
This doesn't give them any coverage, of course, it just makes sure they're
kept apprised if the
policy is
not in force for any reason.
Premiums are always fixed guaranteed
not to change and it also guarantees to
keep the
policy in force to the max age selected (until age 105 is generally sufficient, unless you have a history of longevity beyond that
in your family).
Life insurance is subject to exclusions and limitations and terms for
keeping it
in force, Certain types of
policies, features and benefits may
not be available
in all jurisdictions or may be different.
The bad news, however, is that some
policies have such significant loans that it's
not affordable or economically feasible for the policyowner to
keep the
policy going, which may entail paying ongoing premiums, and life insurance loan interest (to
keep the
policy loan from further compounding to the point it
forces the
policy to lapse), or even paying additional cost - of - insurance charges to
keep enough cash value
in the
policy to remain
in force (
in the case of universal life
policies).
Given this potentially appealing «bond alternative» many clients should
not only
keep an existing permanent
policy — despite no need for the death benefit — but even consider making ongoing premiums, paying down loan balances, or even increasing contributions to maintain the
policy in force for life!
The insured has the choice of either deferring the medical examination for up to six months or choosing
not to undergo the medical exam at all and just
keeping the blended
policy in force as it is issued.
In addition, many of the variable life products have language to the effect that even when the scheduled premiums are paid, the policy may still lapse if the cash value is not sufficient to keep it in forc
In addition, many of the variable life products have language to the effect that even when the scheduled premiums are paid, the
policy may still lapse if the cash value is
not sufficient to
keep it
in forc
in force.
If the
policy is
kept in force and insured is
not proved to be dead, the family is legally entitled to receive the survival benefits.
Depending on the credited interest, there may
not be enough cash value to
keep the
policy in force, thus requiring higher premium payments from the policyholder.
If money to pay the death - benefit and other related costs accumulates
in the tax - deferred savings portion of the
policy, then premiums may eventually
not be required to
keep the
policy in force.
We know that you will
keep your
policy in force, but
not everyone is quite so conscientious.
As a general rule, the longer the insured individual's life expectancy, the lower the
policy's value to the buyer who must pay the premiums to
keep the
policy in force,
not to mention the broker fees and other fees to acquire the right to a death benefit.
The truth is that Protective Life picked up their entire block of business and
kept it intact, didn't change any of the terms (they couldn't by law) and those
policies are fully
in force today.
There are a number of other ways to make sure you get good tenants who will
keep their
policies in force, but when they refuse to get renters insurance that's required throughout the entire building, that's a bad sign of a tenant you don't want to be hassled with.
There are many good ways to
keep your
policy in force so that you don't even have to worry about trying to backdate renters insurance.
If you have purchased a life insurance
policy before you were diagnosed with HIV, it is very important that you
keep the
policy in force and do
not let it lapse.
In fact, if the policyholder doesn't surrender, then the policy will be kept in force to the extent of the paid - up sum assured or reduced sum assure
In fact, if the policyholder doesn't surrender, then the
policy will be
kept in force to the extent of the paid - up sum assured or reduced sum assure
in force to the extent of the paid - up sum assured or reduced sum assured.
Unlike regular term
policies, return of premium term life insurance rewards you for
keeping the
policy by giving a guaranteed return of your total cumulative premium paid on the
policy during the level term period,
not including substandard (extra charges for health) and rider charges (extra benefits such as disability coverage), if any, which will be paid to the
policy owner at the end of the level term period if the
policy is then
in force.
A
policy collapses when the cash value plus any continuing payments aren't enough to
keep the basic insurance
in force, and that causes the previously tax - free loans to be viewed as taxable income.