Sentences with phrase «of the due premiums before»

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.

Once the policy has acquired a surrender value, in case of non-payment of due premiums before the expiry of the grace period

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.