Sentences with phrase «of age of the life insured»

Under this LIC child plan, the money back benefits will start to be paid only from the policy anniversary which coincides or follows the completion of 20 years of age of the life insured and are payable for 5 years till the insured attains the age of 25 years

Accidental Death and Disability Benefit is payable till 70 years of age of the life insured.

Not exact matches

Children's Insurance Rider Provides coverage on the life of any child (between the ages of 15 days and 17 years) of the base insured until the child's age 25.

Children's Insurance Provides level term coverage on the life of any child (between the ages of 15 days and 17 years) of the base insured until the child is age 25.

Children's Insurance Rider Provides coverage on the life of any child (between the ages of 15 days and 17 years) of the base insured until the child's age 25.

Guaranteed Purchase Option Rider: allows the insured to purchase additional life insurance coverage with no evidence of insurability at specific ages or for specific events, such as marriage, buying a home and the birth of a child.

For members insured with Credit Insurance, coverage terminates on the last day of the month during which you reach the Termination Age of 70 for Credit Life and 66 for Credit Disability.

When the insured is age 70 — or at the end of the guaranteed period of level - premium — whichever occurs first, the insured is allowed to convert the level term life insurance policy over into a whole life insurance or a universal life insurance plan.

Prior to the ending of the level term period, however, or to the attainment of age 70 — whichever is earlier — the insured is allowed to convert the policy over to a permanent life insurance policy that Lincoln makes available.

Re-Entry: A policy provision that allows an insured to renew their term life insurance policy at the end of the term based on their attained age and health status.

With this policy, the policy owner does have the option of converting the term life insurance policy over to a new permanent life insurance certificate — without having to prove evidence of his or her insurability — until the earlier of the certificate anniversary on which the insured is age 65, or 5 years prior to the end of the initial term period.

In case the Life Insured is a minor at the time of the policy issuance, the ownership of the policy will vest in the Life Insured on attainment of 18 years of age, age last birthday.

In case of the life insured being a minor at the time of policy issuance, the ownership of the policy will vest in the life insured on attainment of age 18 years, age last birthday.

There are fees and charges for variable life insurance, including a cost of insurance based on characteristics of the insured person such as gender, health and age.

With a paid - up policy, you make payments until a particular age (usually 65 or 70), at which point you are insured for the rest of your life or a very old age like 120.

During the period that is selected, the amount of the premium rate will remain the same — and, as long as the premium is paid, the policy will guarantee a level amount of life insurance protection up to the insured's age 95.

Converting a term policy over into a permanent form of coverage can allow an insured to obtain life insurance protection for life — regardless of future age increases and the possibility of contracting an adverse health condition.

Penn Mutual's convertible term life insurance allows the insured to convert all or a portion of the policy to permanent coverage prior to the end of the term or age 70.

Edward Petersmarck, national sales consultant with M&O Marketing, was kind enough to break the process down in an example (in this case, someone buying a twenty - year term): «The life insurance actuaries determine the cost of insurance for each of the twenty years in the term based on the insured's age, gender, medical history, lifestyle risk factors and his mortality experience.

The 7 yr forward mortality experienced from Sep 30th 2006 (my estimate: 38 mortalities) works out around at 30 % of the initial lives insured (which I make 123 after adjusting for later policy - sales and 1 policy addition), whereas the CDC 2008 (white male / female) data predicts 59 % for the 7 yr forward mortality rate at the average age which was 84 in Sept 2006.

The Company holds a well - diversified portfolio of 75 lives (86 policies) with an average life insured age of 91.0 years.

Minimum variable premium for Aegon Life Educare Advantage Insurance Plan is Not Mentioned and minimum variable premium for LIC Jeevan Shikhar is Depends on the age of insured and sum assured.

Minimum variable premium for Aviva Corporate Life Plus is Not Mentioned and minimum variable premium for IDBI Federal Loansurance Group Insurance Plan is Depends on age of the insured, policy term, gender and sum assured..

Minimum variable premium for Aegon Life iIncome Insurance Plan is Not Mentioned and minimum variable premium for LIC New Money Back Plan 20 Years is Depends on the premium and age of the insured.

● Insureds age 65 or older ● Insureds with life expectancies of less than 12 years ● Insured may have one or more health impairments ● Universal life, term life and 2nd to die policies are most common settled.

For example, assume a male employee, age 40, entered into a split - dollar agreement with his employer before January 28, 2002, under which the employer pays all of the premiums, and in 2004 the employer paid a premium of $ 10,000 on a $ 1,000,000 life insurance policy insuring the life of the employee.

The price of the auto collision insurance is also influenced by a long list of factors including the insured party's driving record, type and age of the vehicle, and where they live and keep the vehicle.

Premiums are paid for the «whole life» of the insured person, continuing until he or she dies or reaches a specified maximum age.

Yearly Renewable Term (YRT): A type of term life insurance policy that provides a level death benefit with premiums that increase each year with the insured's age.

Re-Entry: A policy provision that allows an insured to renew their term life insurance policy at the end of the term based on their attained age and health status.

This is essentially what is happening inside an Indexed Universal Life policy as the insured reaches the age of 70.

In universal life (UL), you apply the same calculations to the premium as you do in term, but instead of taking an average over 10, 20 or 30 years, you pay the average price to insure yourself to age 100.

The GIO rider allows the insured to buy more life insurance without evidence of insurability at certain ages, or alternatively, on special occasions, such as marriage or the birth or adoption of a child.

To purchase the rider, the insured must be between the ages of 15 and 55 years old for whole life insurance, and 18 and 55 years old for term insurance.

Many insurers place restrictions on a final expense life insurance policy which require the insured to be at least 50 years of age and many policies are not available for buyers over 85 years or age.

If the group of proposed insureds is acceptable, the insurance company dispenses with individual underwriting (for example, a whole life policy may offer a guaranteed amount of $ 10,000 for eligible applicants under age 35.)

Because this coverage is whole life, once an individual has been approved, the amount of coverage can not go down, and the premium can not be raised — even as the insured advances in age, or if they contract an adverse health condition.

(Term life insurance policies are only in force for a certain, set period of time such as 10, 15, 20, 25, or 30 years and then they will automatically expire, leaving the insured to have to re-qualify for coverage if they want to remain insured at their then - current age and health condition).

Also, these term policies are fully convertible to a permanent life insurance policy — up to the end of the level premium period (or the insured's age 70, whichever occurs first).

The children's term rider can provide term life insurance protection for the insured's child or children who are between the ages of 15 days and 19 years at the time of application.

Full convertibility to a permanent life insurance policy of the company's choosing, up to the end of the level - premium period or age 75 of the insured, whichever comes first.

Life — Endowment - insurance that pays the same benefit amount should the insured die during the term of the contract, or if the insured survives to the end of the specified coverage term or age.

Once an individual has been approved for a burial insurance plan with Americo, the premium will remain level throughout the life of the policy — and, provided that the premium continues to be paid, the coverage can not be canceled due to the insured's age or health status.

Life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, and has additional charges for riders that customize a policy to fit individual needs.

This convertible term insurance can be made of use when the person insured is still at a young age where the insurance could still cater for small expense and premature death but as time comes everyone gets older, this convertible term insurance might not be enough to cater the long term needs of the insured so it is of best interest that the policy holder should convert their policy to a more permanent type of insurance such as Universal Life.

The life insurance policy rates are based upon the insured's age, health and lifestyles factors at the time of application.

With universal life, the cost of insurance is based on annual renewable term insurance rates that increase annually as the age of the insured increases.

Each of these has certain unique features, as well as differing life insurance rates, depending on the age of the insured member (and his or her spouse, if applicable).

All the dependent children must be under the age of 21 (or 20 depending on the travel insurance provider) and living in the same home with the insured adult (s) to be eligible for coverage.

Life insurance has fees and charges associated with it that include costs of insurance that vary with characteristics of the insured such as gender, health and age.