Sentences with phrase «of policy benefits until»

Not exact matches

Determining how and when to begin claiming Social Security starts with an assessment of whether or not you can afford to delay benefits until your full retirement age, said Alison Shelton, senior strategic policy advisor with AARP.

Do ask yourself: If today I gave you a check in the amount of the death benefit of the life insurance policy you're considering, would you quit your job and work free for me until you die?

In this case, you would probably want to consider a guaranteed universal policy, since it provides a death benefit until 121 years of age (or whatever age you choose).

In social policy, the Party is committed to breaking the cycle of poverty by developing a «living wage» policy that is sufficient to allow workers to support their families; make changes to the welfare system to encourage people on social assistance to move beyond poverty, such as allowing some benefits to remain until they are firmly established in the workplace; and reviewing the housing component of Alberta Works social assistance to bring it in line with the current reality of the Alberta housing market.

«We now have the ability to reach anyone, anywhere but the promise and benefits of telemedicine will not be fully realized until the changes are made in Medicare policy.»

Until very recently, most of these institutes and establishments have not had clear policies and guidelines on the sharing of benefits of such inventions.

The confusion will continue until the Ontario Ministry of Education takes the initiative to formulate the kind of policy that the Royal Society's expert panel calls for, and truly leverage the school library learning commons for the benefit of Ontario's K - 12 students.

This Non guaranteed benefit (as percentage of Sum Assured on Maturity) is paid out as a cash bonus every year starting from the 6th Policy year, until maturity or death, whichever is earlier.

In this case, you would probably want to consider a guaranteed universal policy, since it provides a death benefit until 121 years of age (or whatever age you choose).

For example, if you own a $ 500,000 life insurance policy and your parents co-signed on a mortgage loan worth $ 250,000, you can designate 50 % of the death benefit to your parents until the loan is paid off.

These policies offer much lower premiums as the death benefit is paid out on the passing of the second spouse (i.e. if you die, the death benefit is held until your spouse also dies).

A Single Premium policy is the one in which the premium amount is paid in lump sum at the beginning of the policy as a return for the death benefit which is guaranteed to be paid up until the death of the policyholder.

The insurance part of the death benefit shrinks over time as the cash value grows, until eventually the cash value makes up all of the money the insurance policy will pay out.

This type of life insurance policy allows those with disposable cash to pay a lump sum into a life policy for a death benefit that will be paid up until the insured dies.

A lump sum of money is paid into the policy in return for a death benefit that is guaranteed until you die.

In addition to the higher premiums, one of the main drawbacks to a guaranteed issue life insurance is that your beneficiaries wouldn't receive a full death benefit until your policy has been in force for a specific length of time (typically between one or two years, depending on the life insurance company).

Essentially, I needed to accept the group offset amendment which meant, in effect, «We will increase your individual LTD policy benefits, but as long as you are part of your group LTD plan, those benefits will pay first and reduce additional benefits from your individual plan — until you are no longer part of the group.»

Depending on the policy, benefits may be paid for a specified number of years or until you reach retirement age.

Term Rider: Due to the higher initial cost of permanent policies, you can supplement your coverage with a term rider to increase your death benefit coverage until your cash value has a chance to catch up.

The longer you keep the policy, the more the cash component increases until it eventually comprises all of your death benefit.

Over the years, the more I learned, the more sceptical I became, I don't believe at this stage that the massive economic costs incurred by proposed anti-AGW policies can be justified, and that if it is proven to be a serious issue, then dealing with it is better deferred until economic growth and potential technological breakthroughs would make the cost more feasible, if and only if it had been demonstrated that (a) AGW were real; (b) the costs of inaction were enormous; and (c) the costs of action would bring commensurate benefits, e.g. would stop or long defer dangerous warming.

«Until we get an unbiased accounting of BOTH costs AND benefits of using fossil fuels, there is little hope in getting rational public policy that won't do more harm than good.»

Seriously injured claimants will never get fair treatment unless / until the quality of insurer assessments (IMEs) denying them policy benefits (including treatment benefits) finally improves.

You may be able to get «level» coverage, in other words, you will receive the same benefit until the policy runs out, or you may be able to have «decreasing» cover for the period of the term which will keep your premiums the same.

The death benefit on this type of policy is not paid out until the second person dies however.

This means that until the waiting period has ended, if the policy holder passes away during this time the benefits will only be whatever premiums have been collected or a fraction of the benefit coverage.

The main benefit of a policy like this is being able to lock down low insurance rates early on in your child's life that is considerable less than expensive than waiting until they are an adult.

Level Premium Whole Life Insurance (sometimes referred to as «ordinary whole life») provides a lifetime death benefit and level premiums for the life of the policy (until the death of the insured).

When you borrow any portion of the cash value from your Whole Life policy, the outstanding loan will reduce the face value (or death benefit) until the withdrawn funds are repaid with interest.

A second to die life insurance policy, also called survivorship life insurance, covers two individuals (usually a married couple) and delays the payment of the death benefit until the second person's death.

These are types of insurance policies that have a waiting period, sometimes two or three years, until the full death benefit goes into effect, and they're designed for people that have some kind of preexisting health condition.

The Return of Premium Option also insures the return of all premiums paid (up to 100 % of the benefit amount) should the policy continue until its expiry date, which is the anniversary date following the policy holder's 75th birthday.

Like «period certain» payouts, «amount certain» benefits pay out in equal amounts until the face value of the original policy has been exhausted.

So, if we consider a policy with a 10 - year benefit length, then you can keep that policy until age 65 (and possibly beyond), however, a claim can only be made for a maximum of 10 years.

The policy is called «graded» because the death benefit is graded — it increases a bit for the first few years of the policy until it reaches the amount you buy — for example if you buy a $ 100,000 graded policy, the $ 100,000 won't be fully in effect until after 3 years (or two years depending on the company).

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.

A long - term disability insurance policy is typically going to have a benefit period of at least 2 years, and in most cases will last 5 years, 10 years, or even until retirement at age 65 or 67 (or even older).

If you do not make your payment by the last day of the month, your policy will remain active but benefits will be deactivated until your account is current.

Outside of serious medical conditions (HIV, metastasized cancer etc.), we will shop a declined policy until either no one will accept it or the cost outweighs the benefits you're purchasing.

On the other hand, many insurance professionals are quick to tout the benefits of whole life as a long - term goal, regarding the term policy as a temporary placeholder until you can convert to its permanent counterpart.

(Technically, coverage on current policies lasts until the policy holder reaches the age of 120 — if you think you may live even longer, check with your insurer to see if you will receive benefits beyond that age).

This means that the life insurance policy purchased to fund the death portion of the buy - sell agreement can not be transferred to the disabled owner or dropped until the end of the installment period, because the death benefit will be needed to complete the transaction in the event of death during the buyout period.

The buyer (funder), usually an investment company, pays the patient a lump sum of 50 — 80 percent of the policy's face value, pays the premiums until the patient dies, and receives the death benefit.

The premise is to take the lowest amount of premiums to keep the policy premium and benefit level until you die.

For example, if you own a $ 500,000 life insurance policy and your parents co-signed on a mortgage loan worth $ 250,000, you can designate 50 % of the death benefit to your parents until the loan is paid off.

Over the life of the policy, the death benefit shrinks and the cash value component grows until the policy consists entirely of the cash value.

Most funeral insurance policies require you to keep paying premiums until you die, even if you have already paid the insurer the amount of the benefit.

Some LTD policies have benefit periods as short as a couple of years, while others will keep paying until you reach retirement age, even if that happens to be several decades from now.

Essentially, if the insured were to die in the first few years of the policy, the policy's beneficiary would receive all the premiums that were paid, plus earned interest, but the beneficiary would not receive the policy's death benefit until the waiting period has ended.

For example, if you're between jobs and the employer - based life insurance you had with your employer is now gone, this type of term policy can cover you until you're able to find employment and new benefits.