Sentences with phrase «number of lapsed policies»

And the fact that break - in, today the simplest option available to renew your lapsed policy, is growing in popularity is borne by a bird's eye view of the numbers witnessed over the months of June, July, and August 2014: • The number of lapsed policies that were revived using break - in has shot up seven times within just three months of its launch (June — Aug 2014.)

Not exact matches

This benefit guarantees that your policy will not lapse for a certain number of years.

New York Life is known for offering a solid whole life insurance product; however, we found that they are also striving to offer solid universal life policies complete with a number of life insurance riders such as «no lapse» and «living benefits».

When an insured defaults on his / her obligation to remit payment of a premium, and the policy lapses as a result, the policy may acquire a paid up value such that the face amount of coverage under the policy is reduced in proportion with the number and amount of premiums paid until the date of default.

Though, if you accidentally let your policy lapse through non-payment, your policy may have a clause providing you a certain number of days to make payment to continue the policy.

Well, you're in luck, because a number of companies offer a Guaranteed Universal Life policy, with a no - lapse guarantee and Long Term Care Benefits!

In addition, there are also going to be a certain portion of the client base that keeps a policy for a certain number of years, and just lets it go either by cancelling or just by lapsing.

In some case the policy never lapses till maturity while others like Reliance Life take a more stringent view and the policy lapses after non-payment of certain number of premiums and is reported accordingly,» the spokesperson said.

However, if you're considering a universal life policy, it's important to know your policy may either lapse or fail to accumulate cash value due to a number of factors, including administrative costs, poor investment performance, a change in mortality rates, or insufficient premiums.

Any driver can be easily held by the cops by just running down on the number plate of the vehicle and be punished severely for lapse or failure to hold a policy.

Typically in this situation, I will run the numbers and advise them just to covert a portion of their current policy to a no - lapse universal policy which will save them a great deal of money.

This benefit guarantees that your policy will not lapse for a certain number of years.

This benefit guarantees that your policy will not lapse for a number of years (ranging from five to 20), depending on the issue age of the younger Insured.

The fact that the lapse of a life insurance policy with a loan can trigger tax consequences even if there is no (net) cash value remaining is often a surprise for policyowners, and has even created a number of Tax Court cases against the IRS over the years.

New York Life is known for offering a solid whole life insurance product; however, we found that they are also striving to offer solid universal life policies complete with a number of life insurance riders such as «no lapse» and «living benefits».

The Amulya Jeevan II Plan does not acquire any paid - up value after any number of years that is even if premiums are paid for a certain number of years, say three years, they need to be continued throughout the policy tenure as failure to do so results in policy lapse.

One can mainly call to any LIC Customer Care Helpline Number to know about your policy status, premium payment status, bonus, loan facility & eligibility, revival of lapse policies and information about any LIC policy.

After 2 months of waiting for them, I called to check on the status and was told that my account was past due two months because they inputted a wrong account number for me and now my policy has lapsed.

Unfortunately, a number of seniors have paid life insurance premiums for decades just to have the policies lapse shortly before their deaths.

About 25 % of policyholders lapse their policies in the first 3 years, and this number jumps to 40 % after 10 years.