Sentences with phrase «of joint life policies»

The standard definition of a joint life policy is one that is used to cover two people through a single policy.

A survivorship life insurance policy is a type of joint life policy that can simplify the life insurance shopping process for spouses and can help in cases of estate planning and providing for special needs children.

Not exact matches

(1) to protect and promote breastfeeding, as an essential component of their overall food and nutrition policies and programmes on behalf of women and children, so as to enable all infants to be exclusively breastfed during the first four to six months of life; (2) to promote breastfeeding, with due attention to the nutritional and emotional needs of mothers; (3) to continue monitoring breastfeeding patterns, including traditional attitudes and practices in this regard; (4) to enforce existing, or adopt new, maternity protection legislation or other suitable measures that will promote and facilitate breastfeeding among working women; (5) to draw the attention of all who are concerned with planning and providing maternity services to the universal principles affirmed in the joint WHO / UNICEF statement (note 2) on breastfeeding and maternity services that was issued in 1989; (6) to ensure that the principles and aim of the International Code of Marketing of Breastmilk Substitutes and the recommendations contained in resolution WHA39.28 are given full expression in national health and nutritional policy and action, in cooperation with professional associations, womens organizations, consumer and other nongovermental groups, and the food industry; (7) to ensure that families make the most appropriate choice with regard to infant feeding, and that the health system provides the necessary support;

Dr Johnson thinks a way will be found to extend the lives of the submarines - which is why ideas have been floated like joint patrols with the French, or abandoning the policy of keeping one submarine permanently at sea.

The main drawback of a joint first - to - die life insurance policy is the lack of flexibility compared to two single life policies.

Splitting a joint life policy in to two single life policies in the event of divorce, dissolution of a civil partnership, or taking out a mortgage in the name of one person on the policy

Alan can purchase a joint life policy that's contingent on her life as well, such that income payments continue until both of them have passed away.

if «X» included his wife in joint life term insurance (eg.bajaj allianz offering inclusion of wife) then wife of «X» died during pregnancy due to some jaundice or any other disease (in policy tenure of his husband), will «X» get sum assured amount?

The Second Circuit overruled this line of cases Wornick v. Gaffney 554 F3d 486, decision 9/24/08, and ruled that the cash value of reciprocal life insurance policies in joint cases are exempt.

Joint - Survivor (Second to Die) Life Insurance Joint - Survivor Life is a type of coverage that can be a part of any type of permanent cash - value policy.

They can use $ 866 to make the first monthly payment of a joint last - to - die universal life insurance policy with a $ 500,000 death benefit (1).

Matthew can purchase a joint life policy that's contingent on her life as well, such that income payments continue until both of them have passed away.

Because the premium for survivorship insurance is based on joint life expectancy, the cost is usually less (per thousand dollars of death benefit) than it would be for a policy covering either life alone — and significantly less expensive than buying two separate policies.

The issue of joint life insurance policy is in the wording or the pay out of the policy.

If you're looking to get life insurance for yourself and your spouse or partner, then consider buying one joint policy, instead of two individual policies.

The premium is usually about 15 % less for a joint life policy than 2 single life insurance policies of the same coverage amount.

They offer individual life insurance policies as well as joint and other forms of life insurance.

While a first to die joint life policy pays out upon the death of the first covered person, a second to die life insurance policy will not pay out benefits until both of the insureds have passed on.

In case of Joint Lives, Sum Assured is paid on death of first life and policy stands cancelled and no further benefits are payable.

When you structure a joint life policy as a first to die, the policy pays out upon the death of the first covered person.

That means more premiums paid and, for the 20 percent of joint policies that are made up of term life insurance, a higher chance that the death benefit won't be paid out at all (because the policies will expire before the policyholders do).

A joint first to die policy is designed to cover the lives of two people (typically a couple) with the death benefit being paid out upon the death of the first person.

Survivorship life insurance can be more affordable than two individual policies because rates are calculated based on the joint life expectancy of the insured individuals.

Finally, you have to consider that joint life insurance policies deal with not one topic that makes people uncomfortable — death — but also the possibility of divorce.

• Annuity for joint lives (not including death benefit): A set amount which is guaranteed at the time of taking the policy is received by alive annuitants.

That's why if you do end up getting a joint life insurance policy, you should plan for the worst (besides, y ’ know, dying) and see if you can include a rider that splits the joint policy into two individual policies in the event of a split.

• Annuity for joint lives (return of Single Premium on the demise of the last alive Annuitant): A fixed sum guaranteed at the very beginning of taking the policy will be paid to the policyholder throughout the lifetime of even single the annuitant.

CoversIn case of couples who take a joint life cover, premiums are higher because the policy is more likely to see a claim at some point.

If joint life plan, on death of the first policyholder, the sum assured is paid out but the plan remains in force till the death of the second life or till the end of the policy term, whichever is earlier Additional sum assured is paid if the second life also dies prior to maturity

A joint life insurance policy is a possibility, but it's not really the best option because of the expense (it's usually a permanent policy, so it costs more than term life insurance) and it can get confusing when you get into the difference between first - to - die and second - to - die policies and what to do if there's a divorce.

Both versions of joint life insurance policies have benefits and drawbacks.

Consumers may purchase a joint policy either as term life insurance, covering only a set number of years; or permanent life insurance, protecting one or both spouses for an entire lifetime.

Joint Life Insurance Joint life insurance is designed to protect the lives of two people instead of just one, making these policies a great choice for coupLife Insurance Joint life insurance is designed to protect the lives of two people instead of just one, making these policies a great choice for couplife insurance is designed to protect the lives of two people instead of just one, making these policies a great choice for couples.

These types of policies are also often referred to as second - to - die or joint life insurance coverage.

Since the cost per thousand dollars of death benefit is based upon the joint life expectancy of both parties the premium can be significantly less than the cost of purchasing two individual policies.

For its joint whole life policy, the coverage is up to $ 20,000 of protection for ages 18 — 85, with coverage provided for two persons under one policy and one low premium payment providing permanent coverage for the insured and a spouse on a first to die basis.

These benefits include an option to have all premiums returned to the beneficiary at death, a level death benefit for joint - life policies and a new limited pay cost of insurance that provides low cost protection today and a guarantee to stop paying at the later of age 85 or 15 years — a time when other insurance cost structures could become prohibitive.

Joint Life Insurance — A unique type of policy usually geared toward small business partners.

Joint life insurance can be a good match but you should take a little time and see what the cost of term life policies would be.

Joint life insurance is an option many couples choose because of the convenience of having only one policy.

The biggest disadvantage of joint life insurance is that if you were to part ways with the other person on the policy you have to both be willing to get out of it.

Bajaj Allianz Life targeted the low - income market with the launch of a micro insurance product that allows customers to choose between fixed and flexible loan tenure coverage, an exclusive feature of the plan is that the policy term ranges from as less as 6 months to 120 months, with option of single life and joint life coveLife targeted the low - income market with the launch of a micro insurance product that allows customers to choose between fixed and flexible loan tenure coverage, an exclusive feature of the plan is that the policy term ranges from as less as 6 months to 120 months, with option of single life and joint life covelife and joint life covelife coverage

The premium is based on the joint life expectancy of a couple, and because it pays nothing until both spouses die, the premium is significantly less expensive than buying separate policies for both people with the same total dollar amount in benefits.

The structure of the annuity can be single life or joint with a spouse, with the life insurance policy being taken out on typically the husband.

If you're looking to get life insurance coverage for yourself and your spouse, then consider buying one joint term life insurance policy, instead of two individual policies.

Life insurance for couples and partners is an important component of financially supporting your spouse or partner, and buying a joint life insurance policy can be... Continue reading Why Choose Joint Life InsuraLife insurance for couples and partners is an important component of financially supporting your spouse or partner, and buying a joint life insurance policy can be... Continue reading Why Choose Joint Life Insurjoint life insurance policy can be... Continue reading Why Choose Joint Life Insuralife insurance policy can be... Continue reading Why Choose Joint Life InsurJoint Life InsuraLife Insurance?

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With a joint life insurance policy, just one single policy is purchased instead of two separate plans.