Sentences with phrase «on a permanent policy cover»

Premiums on a permanent policy cover more than the actual cost of the policy, and the extra amount supplements a savings account in your name.

Not exact matches

Life insurance can be bought either as a permanent life insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of time.

Rest easy knowing you're still on this side of the grass and that you have a permanent life policy locked in place to cover final expenses.

With a permanent life insurance policy, you will be covered with the policy's death benefit, and depending on the policy and the policy design you will also have the ability to build up savings within the policy's cash value component.

Most policies cover both the structure of the home, the belongings inside and any other permanent structures on the property.

But depending on your age and health, a policy that covers you to age 65 (i.e., pays for a permanent disability) and gives you extra peace of mind might not cost that much more.

A child rider is an «add on» you can purchase with an individual life insurance policy that not only covers the life of your children, but it can be converted into a permanent policy later on in life without the child being required to show evidence of insurability.

Group Personal Accident policy covers the Insured person in case of Accidental Death, Loss of limbs / eyes, Permanent Total Disablement / Permanent Partial Disablement and so on.

Policy benefits: • Payment is available on a weekly basis for loss of income due to accidental injury • Lump sum payments for death and permanent disabilities for accidents • Cover is available 24 hours worldwide, or can be limited to working hours

He suggested me to buy a PA policy of Rs. 10 Lacs to begin with which covers Accidental death (100 % of SA), Permanent Total Disablement (100 % of SA), Permanent Partial Disablement (certain % of SA depending on severity of injury and resultant disablement) and Fractures (upto Rs. 50,000 / --RRB- for a premium of Rs. 1850 / - He also suggested that I can opt for Add on benefits of hospitalization (upto Rs. 1 Lakh) and daily cash allowance (Rs. 500 / - per day for max 5 days) by paying another 1,100 / - thus totaling to Rs. 2,950 / -

A term or permanent life insurance policy, on the other hand, typically covers most types of deaths when your beneficiary submits a claim and produces the death certificate.

Premium amount hike with the add - on in the policy that provides cover for the cases like critical illness, permanent disability, and accidental death.

Life Cover with inbuilt Waiver of Future Premiums payable on Accidental Total and Permanent Disability: If the policyholder suffers from an accidental total permanent disability, all the future premium till the end of policy term or death of policyholder, whichever is earlier, shall be waived and paid by the companPermanent Disability: If the policyholder suffers from an accidental total permanent disability, all the future premium till the end of policy term or death of policyholder, whichever is earlier, shall be waived and paid by the companpermanent disability, all the future premium till the end of policy term or death of policyholder, whichever is earlier, shall be waived and paid by the company itself.

Since permanent policies cover your entire life, premiums can be substantially higher than those on a typical term life insurance contract that expires after a certain period.

Many term or group term life insurance policies provide a conversion clause, which allows the covered person to purchase a permanent life insurance policy at the same medical condition rates you have on the term policy.

So, if I buy a $ 500,000 policy to cover the years when my child is growing up, once that child is grown and no longer dependent on me, do I want to continue to pay premiums on a permanent policy, or would I feel better about getting a refund on the term insurance I had but didn't use.

Now, in an actuarily stable world, the premiums for term insurance not only cover the expected mortality during the life of the term, but the premiums, along with the premiums on any permanent coverage that is converted to should cover the expected mortality for a converted policy.