Sentences with phrase «occur in a term life policy»

Not exact matches

In contrast to term insurance, a whole life insurance policy pays the death benefit stipulated in the contract upon the death of the insured, regardless of when it may occuIn contrast to term insurance, a whole life insurance policy pays the death benefit stipulated in the contract upon the death of the insured, regardless of when it may occuin the contract upon the death of the insured, regardless of when it may occur.

A Term Life policy offers coverage only if death occurs during a specific period of time, which coincides with the terms in which the insured member is required to make a monthly premium.

For those who may wish to have permanent life insurance coverage in the future, the Lincoln TermAccel policy may be converted over into a permanent life insurance policy if the policyholder moves forward with such a conversion by the end of the term's coverage or by age 70 (whichever occurs first).

Due to the set time frame of term life insurance, the policy will only pay a death benefit to the beneficiary if the insured's death occurs while the policy is in - force.

In contrast, to say a 30 - year term life insurance policy, which pays a death benefit only if the insured dies during a specified period of 30 years, a whole life policy provides for the payment of a death benefit regardless of when the death occurs in someone's lifIn contrast, to say a 30 - year term life insurance policy, which pays a death benefit only if the insured dies during a specified period of 30 years, a whole life policy provides for the payment of a death benefit regardless of when the death occurs in someone's lifin someone's life.

A Term Life policy offers coverage only if death occurs during a specific period of time, which coincides with the terms in which the insured member is required to make a monthly premium.

Policy Term — If death of the insured does not occur during dates of coverage stated in the life insurance pPolicy Term — If death of the insured does not occur during dates of coverage stated in the life insurance policypolicy.