Sentences with phrase «of life insurance policyholders»

The total number of life insurance policyholders is more than 3.3 million.

With the creation of such norms, IRDA aims to protect the long - term interests of life insurance policyholders and to prevent intermediaries forcing lapsing, surrendering or making paid - up of an existing life insurance policy with the goal of canvassing or soliciting a new life insurance policy on the same life.

The responsibilities of a life insurance policyholder include paying the policy's premiums to ensure coverage remains in place and to guard against a lapse in coverage.

Not exact matches

When comparing two separate term life insurance policies, you may notice that — even with the same exact coverage amounts of each of the policies — the amount of premium that is charged to the policyholder could be quite a bit different.

If a policyholder is the legal guardian of a sibling they live with, then the policyholder should list the sibling on their renters insurance policy.

Loss of use (sometimes called additional living expense) coverage gives renters insurance policyholders financial protection and peace of mind in the event their rental home becomes uninhabitable.

However, these days only a handful of insurers offer LTC insurance, so another option may be life insurance with an LTC rider, which allows families to tap into the benefits they would receive upon the policyholder's death while he or she is alive and requires care.

Mr. Martin added, «The addition of Survivorship Choice Whole Life to Penn Mutual's strong life insurance portfolio demonstrates our commitment to whole life insurance and the value it provides policyholders, as well as our commitment to offering survivorship life insurance solutions for policyholders with diverse objectives and risk tolerances.&raLife to Penn Mutual's strong life insurance portfolio demonstrates our commitment to whole life insurance and the value it provides policyholders, as well as our commitment to offering survivorship life insurance solutions for policyholders with diverse objectives and risk tolerances.&ralife insurance portfolio demonstrates our commitment to whole life insurance and the value it provides policyholders, as well as our commitment to offering survivorship life insurance solutions for policyholders with diverse objectives and risk tolerances.&ralife insurance and the value it provides policyholders, as well as our commitment to offering survivorship life insurance solutions for policyholders with diverse objectives and risk tolerances.&ralife insurance solutions for policyholders with diverse objectives and risk tolerances.»

Another benefit of permanent life insurance is that unless the policy is surrendered prior to death, the policyholder is insured for life.

Term life insurance is designed to provide death benefits to the named beneficiaries of the policyholder.

These guidelines are designed to limit the amount of excess premiums a policyholder can pay into the policy, and gain from the tax - favored treatment of life insurance proceeds.

The easiest and fastest way to claim the life insurance death benefit is to look for the physical copy of the policy in the policyholder's records.

The policy document has all of the pertinent information about the life insurance policy: the term, the death benefit amount, policyholder details, and so on.

Term life insurance is a life insurance policy that provides a death benefit to the policyholder's beneficiaries if that person dies within the specified «term» of the policy.

Although both types of life insurance pay out a sum of money to a beneficiary after the policyholder dies, there are a few key differences in how they work.

This is because term insurance, being pure risk protection, provides life cover based on the level of risk of mortality associated with the policyholder and doesn't provide money back or returns.

Term life insurance is a type of life insurance that only pays out a death benefit if the policyholder dies within the term of the policy.

In addition to covering the policyholder's funeral and burial costs, whole life insurance policies can be used to cover a wide range of other expenses, including:

Whole life insurance is a type of permanent life insurance that remains in effect for the entirety of the policyholder's life.

Term life insurance pays a death benefit to the policy beneficiary if the policyholder dies within the term of the policy.

Term life insurance policies are temporary and only pay out a death benefit to the beneficiary if the policyholder dies within the term of the policy.

Policyholders of Pacific Life Insurance Company are members of Pacific Mutual.

Loss of use coverage (sometimes called additional living expenses) is the least - known benefit of condo insurance, yet it could be extremely valuable to a policyholder.

Return of premium life insurance policies do just what they say: When the policy is up, the premiums paid over the previous decades are returned to the policyholder.

Some types of whole life insurance, called participating whole life, pay dividends to policyholders.

Also, as permanent insurance, the cash value account in universal life grows tax - deferred and can be accessed by the policyholder in the form of loans or withdrawals, subject to any applicable policy provisions.

These excellent financial ratings exemplify Principal's commitment to stable, long term growth, providing peace of mind to all Principal life insurance policyholders.

As stock life insurance companies management's stock options typically vest, or come due, at different time periods, they are incentivized to maximize the company's performance on what is often a shorter time horizon than that of policyholders, presenting a potential conflict of interest not found with mutual life insurance providers.

All of Northwestern Mutual's permanent life insurance policies build cash value and you, as the policyholder, are eligible to receive dividends.

One advantage of purchasing a life insurance policy from a mutual life company is the strong history of dividend payments paid to policyholders by many of these companies.

It allows the policyholder to increase the benefit amount at specific birthdays, at the time of a marriage, or at the birth of a child, without having to provide evidence of insurability (i.e. you don't need to submit to life insurance blood testing).

Stock life insurance companies, on the other hand, are owned by their stockholders, who vote for the officers of the company, rather than by their policyholders.

Mortgage life insurance is an insurance policy designed to pay off a policyholder's mortgage in the event of their death.

The company provides several types of life insurance protection for its policyholders to choose from.

In addition, the life insurance company may request medical records and / or make the results of the exam available to the potential policyholder's doctor.

For those whole life insurance policyholders who have eligible policies, there is also the option of using dividends to help in paying some or all of the premium.

According to the blog post, many companies that provide this insurance have stopped selling new policies and will be issuing drastic price hikes to current policyholders, most notably in the form of gender - distinct pricing, which essentially penalizes women for having a life span that is on average five years longer than men.

Whereas whole life insurance provides fixed rates of return on the account value, at rates determined by the insurance company, variable life insurance provides the policyholder with investment discretion over the account value portion of the policy.

As the nation's largest mutual life insurance company, New York Life has wowed policyholders year in and year out with its fantastic cash value growth due to a solid history of dividend paymelife insurance company, New York Life has wowed policyholders year in and year out with its fantastic cash value growth due to a solid history of dividend paymeLife has wowed policyholders year in and year out with its fantastic cash value growth due to a solid history of dividend payments.

Finally, whole life insurance, not term life, will be eligible for annual life insurance policy dividends and it is only a certain percentage of whole life policies that pay dividends to policyholders.

Universal Life Insurance — With universal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cash vaLife Insurance — With universal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the caInsurance — With universal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cash valife insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cainsurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cash value.

Many insurance companies use blood and urine tests to determine the level of risk a potential life insurance policyholder might pose.

For this reason, (no evidence of insurability required), life insurance companies insulate themselves with caps that limit the amount of paid - up additions a policyholder can buy at any particular time.

Like other types of life insurance, the policyholder must qualify first often by having a physical exam, by providing a full medical history, and possibly requiring additional blood work.

The guidelines were established to set limits on the amount of excess premiums a policyholder could contribute to a policy for benefiting from the tax - advantaged status of proceeds from life insurance and avoid a modified endowment contract (MEC).

Many people are insured by dividend paying mutual insurance companies (these are life insurance companies where the policyholders are partial owners of the company — or perhaps I should say «mutual» owners).

If a policyholder is the legal guardian of a sibling they live with, then the policyholder should list the sibling on their renters insurance policy.

Loss of use (sometimes called additional living expense) coverage gives renters insurance policyholders financial protection and peace of mind in the event their rental home becomes uninhabitable.

Penn Mutual's participating whole life insurance policy provides all the guarantees of whole life, with an opportunity for increased cash value accumulation through annual dividends paid to policyholders.

More specifically, earthquake insurance covers damages to your house, personal belongings inside your home, and Additional Living Expenses (ALE) or loss of use, which are the costs to live somewhere else while a policyholder's area is evacuated or their home is repaired.