Sentences with phrase «older policy holders»

This is to compensate for the additional risk the insurance company takes on to cover an older policy holder.

The older the policy holder, the more that policy holder pays to remain covered.

Premium paying term (PPT) can be either of 15, 20, 25 or 30 years, provided age at completion of premium paying term is not less than 30 years, for example, a 10 year old policy holder can not have PPT as 15.

Not exact matches

In many instances, life insurance companies will offer a policy holder a new policy, but with different premium amounts because the holder is now anywhere from 10 to 30 years older.

I think it is terrible they would do this to longstanding policy holders who may now have older dogs that need insurance protection more than ever.

This convertible term insurance can be made of use when the person insured is still at a young age where the insurance could still cater for small expense and premature death but as time comes everyone gets older, this convertible term insurance might not be enough to cater the long term needs of the insured so it is of best interest that the policy holder should convert their policy to a more permanent type of insurance such as Universal Life.

With a 1035 exchange (provided certain requirements are met) the policy or contract holder (s) have the flexibility to «trade - in» an older contract or policy for a newer contract or policy.

It assures the policy - holder a guaranteed income of 7.5 % of the money assured till the insurer becomes 85 years old.

Instead of increasing the amount of your premiums as you get older, most policy holders pay the same amount every month.

Instead they can be offered an upgrade which allows a holder to trade an old term policy with a new permanent one.

Unfortunately these policies were not projected on a guaranteed basis, and those policy holders are now seeking other coverage at a much older age.

Non-United States citizens or any visa holders (e.g. L / H / B1, B2, etc.) as well as person on Green Card living outside of the U.S. can also purchase the plan for temporary coverage in the U.S.. For someone below 65 years of age, coverage must begin within 6 months of arrival in the U.S. and for someone 65 years of age and older, coverage must begin within 30 days of arrival in the U.S. (restriction waived with proof of previous valid insurance within 30 days of the policy start date).

I have been a policy holder since I was 14 years old.

When policy holders are very old and need the insurance the most, their insurance charges can become extremely high.

In the above example, we have seen that the policy holder (30 years old) has to pay a premium of Rs 7,752 for a Sum Assured of Rs 1 Lakh.

Term insurance is the purest and oldest form of insurance that provides payment of the sum assured to the nominee on the death of the policy holder.

Therefore, it is more attractive to older policy - holders.

In some instances (particularly with older models) it may be that the car is not severely damaged when a total loss is applied to it, and while it may be uneconomic for the insurer to pay for repairs the policy holder may choose to pay an additional amount on top of the replacement cost benefit provided by their insurance company, to get it back on the road.

There are specific insurance policies are do not consider the renewal if the policy holder age is more than 80 years old.

This scheme will not be entertained in case of the age of the policy name holder is below 8 years old at the time of revival policy and also if the policy lapsed even without getting the paid up value.

Two different age bands provide for policy coverage ranges from $ 25,000 to $ 99,999, with a third band offering coverage of $ 100,000 - $ 250,000 to policy holders between 16 and 85 years old.

Premium paying terms under the older plan were 20, so to say, the policy holder had to keep paying premiums for the entire coverage of the policy.

The next one will trigger when policy holder turn 75 years of old.

In both the old PIP and the new tort systems in Colorado, comprehensive, collision, and uninsured / underinsured motorist coverage were / are all optional for policy holders.

A ten - year - old bed lost in a fire would net a policy holder a lot less money under ACV coverage than it would under full replacement coverage.

A policy holder may be driving a ten - year - old pickup with a single cab and short bed, and an eight - cylinder engine.

Many term policy holders age 70 or older may be able to «sell» their term policies for cash and permanent insurance policy holders may be able to get more money than their cash surrender value.

Luxury cars like sports car would cost policy holders serious amount of money while safer and older model of car would cost less to insure.

RaviReplied: 02-02-2016 20:46:16 Refund of single premium will be done in case where policy holder is less than 8 year old and death happens before completion of 8 years of age.

Example, if policy holder is 2 year old, then life cover (risk) will start after 2 year i.e. when policy holder will become 4 year old and if policy holder is 5 year old, then, risk will start when policy holder becomes 8 year old.

In case, the Policy Holder is less than 8 year old, then, Life Cover will start 2 year after Date of Commencement of Policy or completion of 8 year of age, whichever is earlier.

In case, the policy holder is less than 8 year old, then, life cover will start 2 year after policy purchase or completion of 8 year of age, whichever is earlier.