Sentences with phrase «of a policy term period»

The new premium will normally be too costly so you don't want to depend on these options at the time of expiring on the anniversary of the policy term period.

It also has a provision for a lump sum payment at the end of a policy term period.

Not exact matches

Uncertainty about the U.S. presidential race in the near term may produce periods of volatility for the U.S. dollar, yet RBC maintains that the U.S. currency will post modest gains against the Euro, Canadian dollar and sterling as markets look for a U.S. Federal Reserve policy rate increase in the first half of 2017.

If you're getting insurance in order to make sure your family can cover key expenses that won't be applicable after a certain period of time, like your child's college or your mortgage, a term policy is likely a better fit.

The HRC has reaffirmed the policy of deferring a portion of annual incentive compensation for the Company's highest earners in the form of long - term awards whose vesting terms take into account longer risk - emergence periods, and has overseen the implementation of standard performance objectives for the Company's control function staff to further prevent or discourage excessive risk - taking.

The target is a medium term one, so there's a little bit of flexibility over the short term, and I think experience shows that in trying to do economic policy and trying to control inflation there really isn't an ability to fine tune these things over very short periods of time, you have to take a more medium term perspective.

The primary difference between permanent and term life insurance is that term policies only provide coverage for a fixed period of time, such as 20 years.

With term life insurance, however, the policy is purchase for a set period of time.

Specifically, benefits subject to the HP Severance Policy include: (a) separation payments based on a multiplier of salary plus target bonus, or cash amounts payable for the uncompleted portion of employment agreements; (b) any gross - up payments made in connection with severance, retirement or similar payments, including any gross - up payments with respect to excess parachute payments under Section 280G of the Code; (c) the value of any service period credited to a Section 16 officer in excess of the period of service actually provided by such Section 16 officer for purposes of any employee benefit plan; (d) the value of benefits and perquisites that are inconsistent with HP Co.'s practices applicable to one or more groups of HP Co. employees in addition to, or other than, the Section 16 officers («Company Practices»); and (e) the value of any accelerated vesting of any stock options, stock appreciation rights, restricted stock or long - term cash incentives that is inconsistent with Company Practices.

A term policy provides coverage for a specified period of time, generally ranging from 5 - 30 years.

Compared to term life insurance, GUL policies have a higher premium because they cover a longer period of time.

A term life insurance policy is simply a type of life insurance that lasts for a specific period of time called a term.

At the very beginning of setting up an annual renewable term life insurance policy, you will lock in a period of insurability.

While owners of many term life insurance policies have the right to renew the policy once the period draws to a close, the cost will increase upon renewal, and can be considerable.

«The choice between term life or permanent life insurance is not a case of which policy is better; it's a case of which policy is appropriate for the current period in a person's life,» Lynch said.

Since life is unpredictable, term insurance often has an added feature: the ability to convert the term policy to permanent coverage within a certain conversion period — for example within the first 10 years of a 20 year policy.

He is referring to an important component of some, but not all, term life insurance policies — the ability to convert all or part of the term policy, during the conversion period, into permanent life insurance, irrespective of the policyowner's health or proof of insurability.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

Just keep in mind that the conversion period doesn't last the entire length of the term policy, so you'll need to check when it closes.

The two primary categories of life insurance policy are term and permanent, with term policies only offering coverage for a fixed period of time, while permanent policies last so long as you continue to pay the premiums.

Term policies provide life insurance coverage for a specified period of time.

Speaking in a Westminster Hall debate on Future UK Fisheries Policy last week, Mr Thomas said there were growing concerns amongst more than 160 members of the Newlyn - based Cornish Fish Producers Organisation (CFPO) about the terms of the UK Government's proposed implementation period for Brexit and its «potentially disastrous implications on the fishing industry.

«Speed reductions, which are known to reduce emissions, would need to be maintained over a very long - term period in order to produce regional air quality benefits,» said James Corbett, a professor of marine policy at the University of Delaware, who has studied the impact of the shipping industry on human health.

«We should get better at explaining science to laypeople, not just what we know and why it matters, but how we know it... and the imprudence of ignoring science,» said Holdren, who served as an assistant to the president for science and technology, a title that afforded him direct access to the president, during both terms of the Obama administration and director of the White House Office of Science and Technology Policy during the same period.

«[E] ach policy of aircraft accident liability insurance... shall specify that it shall remain in force, and may not be replaced, canceled, withdrawn, or in any way modified to reduce the minimum standards set forth in this part, or to change the extent of coverage by the insurer or the carrier, nor expire by its own terms in regard to coverage for the carrier in its common carrier operations in air transportation, until 10 days after written notice by the insurer (in the event of replacement, by the retiring insurer), or by the insurer's representative, or by the carrier to the Department... which 10 - day notice period shall start to run from the date such notice is actually received at the Department.»

At certain points during the period of coverage, you can convert your term policy to a permanent life insurance policy (such as a whole life insurance policy or universal life insurance policy) and premiums are determined by your original health rating.

Life insurance can be bought either as a permanent life insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of time.

While some policies are as short as one year, term policies are generally available in periods of:

Many insurers offer convertible term life insurance policies, meaning that for a specified period of time you can convert the term policy to a permanent life insurance policy without going through a new medical review.

Term life insurance policies can be purchased to cover nearly any period of time, and will stay in effect for the entire period as long as you continue to pay the premiums (the cost of the policy, which can be paid on a monthly or annual basis).

In addition, their term life policies have a maximum term length of 5 years, so if you know that you want coverage for a longer period of time, you'll pay higher premiums on average since the cost increases each time you renew coverage.

A term insurance policy covers a specific period of time, such as 10 or 20 years.

Extended Life Cover Period is the number of years equal to half of the Policy Term, commencing from the Maturity Date.

Unlike permanent life insurance policies which remain in effect for your entire life (assuming your premiums are paid on time), term life policies remain in effect for a specific term or period of time.

With a term life insurance policy, you can secure financial protection for a set period of time, or «term.»

and Sum Assured on Maturity as Maturity benefit at the end of the Policy term in case the Life Insured survives till that period and all premiums have been duly paid.

This coverage shall be applicable for the whole of policy term as well as for Extended Life Cover Period.

A level term policy locks in the annual premium for periods of up to 40 years, depending on the insured's age.

If you're getting insurance in order to make sure your family can cover key expenses that won't be applicable after a certain period of time, like your child's college or your mortgage, a term policy is likely a better fit.

If you want to lower the premiums of a policy, consider lowering the inflation protection, decreasing the term of coverage, increasing the waiting period, or lowering the daily benefit.

A term life policy lasts for a specified period of time.

A term policy is written for a specific period of time, typically 1 to 10 years, and may be renewable at the end of each term.

Convertible term life insurance is simply a term policy that can be converted to a whole policy at any point during a specified period of time (typically several years) without you having to undergo a new health assessment.

A percentage of the Sum Assured on Maturity will be paid during the Maturity pay - out period starting from the end of the Policy Term till the end of the 19th year.

Apart from all these benefit SBI life Smart Money Back plan offers a free look period of 15 days under which the insured can cancel the policy if he / she is dissatisfied with the terms and condition of the policy.

The plan provides a free look period of 15 days under which the insured person can cancel the policy if he / she is dissatisfied with the terms and conditions of the policy.

The universal life insurance with long - term care rider policy provides customization of the benefits period, including 2 - 7 year benefit periods.

While life insurance rates will vary according to your particular health and risk profile, term policies are typically the least expensive form of coverage, since they only pay out if you die during a certain period of time (the «term» of the policy).

ROP policies offer you a chance to hedge your bets, providing insurance protection for your loved ones during the term of the policy, while providing you with the ability to regain the money spent on insurance premiums if you outlive the policy payment period.

This means that if you know that you want coverage for a longer period of time, you'll pay a higher average premium with Colonial Penn than if you purchased a longer term policy elsewhere (such as a 10 - year or 20 - year term) since your risk profile increases with age.