Sentences with phrase «of life of the policyholder»

Upon the loss of life of the policyholder, the predetermined amount is paid to the nominee.

Not exact matches

Owners of fixed indexed annuities (FIAs) with guaranteed living income benefit (GLIB) riders are much less likely to surrender their contracts than they were 10 years ago, according to new research based on 3.3 million policyholders.

This has caused issues for some universal life policyholders, since at one time policies were sold with maturity dates of 85 years of age.

Unfortunately for universal life policyholders, earnings in excess of basis are taxed as ordinary income rates.

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.

Over 200,000 Equitable Life policyholders may never receive any compensation payments from the coalition because of Treasury incompetence, MPs have warned.

One group of people whom he has not mentioned today is the policyholders of Equitable Life.

An accelerated death benefit allows a policyholder to receive an advance of the face amount if diagnosed with a terminal illness and given less than twelve months to live.

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.

Maturity Benefit: In case the Life Insured survives till maturity and all due premiums have been paid till the date of maturity, Maturity Benefit will be payable to the Policyholder as Sum Assured on Maturity equal to the chosen Sum Assured.

Their policy includes a «Living Needs Benefit» which advances part of the death benefit for policyholders who have been confined to a nursing home or have been diagnosed with a terminal illness with a maximum life expectancy of 6 months.

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.

b) With Extended Life Cover: The policyholder also has the option to choose for Extended Life Cover benefit at inception of the policy by paying additional premium throughout the premium paying term.

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:

Maturity Benefit: In case the Life Insured survives till the maturity of the Policy and all premiums are duly paid, then the Maturity benefit shall be paid as Sum Assured on Maturity to the policyholder for all premium payment term and policy terms.

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.

3) Bharti AXA Life Premium Waiver Rider (UIN: 130B005V03): Under this rider in case of the unfortunate event of death, Total Permanent Disability or critical illness (in case of Policyholder) and Critical Illness (in case of Life Insured) the future premiums are waived off and the benefits under the policy will continue.

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.

In case the Life Insured survives till the maturity of the Policy and all premiums are duly paid, then the benefits as mentioned below will be payable 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.

The additional wrinkle with variable universal life is that the policyholder has a variety of investment options to choose from.

-- Mortality Charge is the amount charged every year by the insurer to provide the life cover to the policyholder on the life of the Insured.

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.

While these disadvantages may not be relevant to a policyholder, they can lead to a mutual life's management deciding to reorganize the company to overcome some of these issues.

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

National Life allows policyholders to convert to issue age for the first five years of the term policy, otherwise the policy converts at your attained age.

However, rather than having premiums that are paid for the rest of the policy holder's life, the policyholder instead chooses to pay for only a set period of time such as for 10 years, 15 years, or until he or she reaches age 65.

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.