Sentences with phrase «not keep their policy in force»

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 deductiblIn the same document, under Section 264 (a), it was also set forth that premiums paid to keep the policy in force would not be deductiblin 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 forcIn 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 forcin 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 assureIn 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 assurein 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.