Once the policy has acquired a surrender value, in case of non-payment
of due premiums before the expiry of the grace period
The life cover shall cease on the non-payment
of the due premiums before the expiry of the grace period, given that the policy has not acquired any paid - up value yet.
Not exact matches
footnote ** IRA distributions received
before you're age 59 1/2 may not be subject to the 10 % federal penalty tax if the distribution is
due to your disability or death; is distributed by a reservist who was ordered or called to active duty after September 11, 2001, for more than 179 days; or is for a first - time home purchase (lifetime maximum: $ 10,000), postsecondary education expenses, substantially equal periodic payments taken under IRS guidelines, certain unreimbursed medical expenses, an IRS levy on the IRA, or health insurance
premiums (after you've received at least 12 consecutive weeks
of unemployment compensation).
Annuities can payout slightly more than regular bond investments
due to the
premium return passed on by the half
of annuitants that pass away
before their life expectancy, benefiting the other half.
These sheets calculate the (annual) figures for: • Accrued interest that needs to be returned to the seller after settlement • Net bond basis • Original discount or
premium • Annual (pro-rated) amortization
of bond
premium using both Constant Yield and Straight Line amortization, as required by the IRS • End -
of - year basis • Annual coupons • Estimates
of taxes
due on coupons • Estimates
of differences in taxes paid vs. not amortizing
premiums • Capital loss or gain upon sale
before maturity
Even
before Hurricane Katrina, consumers and businesses in many parts
of the U.S. were seeing higher
premiums, lowered limits and increased restrictions in coverage
due to rising weather - related losses in Florida, Texas, California and elsewhere.
However, if you don't receive the reminder, you can not hold the insurance company responsible; the loss
of your life insurance coverage, as well as the responsibility to pay your
premiums due before the
due date, is yours.
It is
due in respect
of premiums payable under any such life assurance policy issued in respect
of an insurance made
before 20 March 1968.
The renewal request is received within 2 years from the first unpaid
premium due date,
before the date
of maturity.
If your policy was canceled for non-payment
of premiums in 2017 and you re-enroll with the same insurer (or another insurer owned by the same parent company) during open enrollment, the insurer will be able to require you to pay your past -
due premiums before effectuating your new coverage.
The average single
premium is the fund values for the last 36 monthly anniversaries
before the
due date
of loyalty addition
Break In Policy - occurs at the end
of the existing policy term, when the
premium due for renewal on a given policy is not paid on or
before the
premium renewal date or within 30 days thereof.
If you don't pay the
premium on or
before the
due date, the company will provide you a grace period
of 30 days to make the payment (in case
of monthly
premiums, the grace period is only for 15 days).
You can revive your lapsed or Paid - up policy and the riders for its full coverage within 2 years from the
due date
of the first unpaid
premium but
before policy maturity, by paying all outstanding
premiums together with the interest, as declared by us from time to time.
The policyholder may revive a policy by the payment
of the
due premium (s) at any time within a period
of 30 days from the date
of receipt
of the revival notice but
before the maturity date
of the policy subject to satisfactory medical and financial underwriting.
If the policy lapses
due to the failure
of premium payment, it can be reinstated to full benefits any time
before maturity.
The application for revival is made within 2 years from the
due date
of the first unpaid
premium and
before the termination date
of ICICI term insurance policy.
The surrender value
of pension plans is the amount the insurance company will pay the individual if they opt to surrender the pension plan
before its
due date, and if they have paid the
premium for the required minimum period.
Make sure to renew the policy
before the policy expires and to do that, you will need to submit the required documents and payment
of interest as well as the
due premiums.
You can make the advance
premium payment only 30 days
before the
due date
of your active policy.
The nominee will be paid the life insurance benefit, in the case
of unforeseen demise
of the life insured
before you attain an age
of 85 years, subject to the policy being in operation and all the
due premiums are paid.
Death Benefit: In case the policyholder dies
before this
premium policy matures then all the
premiums paid and
due are paid to the family
of that person.
This means that the policy is effective as
before except that from the date the 11th
premium was
due, the sum assured is 50,000 / - instead
of original 1,00,000 / -.
In case the life assured doesn't pay the
premium on or
before the
due date, a grace period
of 30 days is provided to pay the
premium.
Although, the auto insurance companies may be looking forward to increase the auto insurance
premiums in order to recover the losses they had to suffer
due to the damages caused by natural disasters like earthquake, fire, floods, hurricanes, winter storms, tornados, etc but it is essential for them to get the approval from the regulatory authorities
before implementing the increase
of auto insurance rate in any state lawfully.
Life insurance
premiums due after the date
of the Annual Statement but
before the next policy anniversary date and the next Annual Statement date.
If Purchaser is not in default under the terms
of the contract, Seller shall pay for Purchaser's account the taxes, special assessments and insurance
premiums mentioned above when
due and
before any penalty attaches, and submit receipts therefore to Purchaser upon demand.