Sentences with phrase «only during the policy term»

It pays the benefit only during the Policy term period.

Not exact matches

«What David Cameron should do at the earliest opportunity is to form an economic «war cabinet» that will not only advise him during the current crisis but will be able to help formulate a long term Conservative economic policy to deal with the recession»

What David Cameron should do at the earliest opportunity is to form an economic «war cabinet» that will not only advise him during the current crisis but will be able to help formulate a long term Conservative economic policy to deal with the recession and the longer term economic problems.

Benefits are paid only if you die during the policy's term.

While life insurance rates will vary according to your particular health and risk profile, term policies are typically the least expensive form of coverage, since they only pay out if you die during a certain period of time (the «term» of the policy).

Term life only pays out the death benefit if you die occurs during the term of the polTerm life only pays out the death benefit if you die occurs during the term of the polterm of the policy.

No your policy will only pay out once, either on diagnosis of a specified critical illness or on death during the policy term.

The policy pays benefits only if the insured dies during the term.

This type of policy will pay out only a very limited benefit during the first few years the policy is in force, and then convert to a fully payable term life insurance policy for the remainder of the term.

A Term Life policy offers coverage only if death occurs during a specific period of time, which coincides with the terms in which the insured member is required to make a monthly premium.

Actively tracking every policy during the entire term of the tenancy is the only way to avoid horror stories like this one.

A term policy carries no cash value and only pays out if the policyholder dies during the term.

Some insurance contracts only allow «conversion» in the first few years of the policy, while others allow it at any point during the term.

I feel that the traditional insurance products gives an insurance coverage even during the policy period and still if the investor is alive, he gets extra amount in form of Bonus + FAB which comes closer to 6 - 7 % which is an excellent option for long term (> 15 years) right whereas Term insurance is only till certain time or else the entire amount gets wastterm (> 15 years) right whereas Term insurance is only till certain time or else the entire amount gets wastTerm insurance is only till certain time or else the entire amount gets wasted..

• Policy Conversion: This feature applies to term only and allows you to convert your policy to a Universal policy at anytime during the period of the guaranteed level premium, up to aPolicy Conversion: This feature applies to term only and allows you to convert your policy to a Universal policy at anytime during the period of the guaranteed level premium, up to apolicy to a Universal policy at anytime during the period of the guaranteed level premium, up to apolicy at anytime during the period of the guaranteed level premium, up to age 70.

Some insurance contracts only allow «conversion» in the first few years of the policy, while others allow it at any point during the term.

Claims - made Form - A type of liability insurance form that only pays if the both event that causes (triggers) the claim and the actual claim are submitted to the insurance company during the policy term

If you're not completely sure what term insurance means, then to put it simply, it is a life insurance which solely covers death benefits and which is only payable if you die during the life of the policy.

If you want life insurance as a nurse to cover you only during their working years, a term policy would be an ideal choice.

The policy pays benefits only if the insured dies during the term.

Because term life insurance only pays out if the policyholder's death occurs during the term of their coverage period, policy premiums are generally lower than whole life insurance.

In a nutshell, term life insurance comes with a death benefit only, and this is only paid if you pass during the term of the policy, hence its name.

The term of the policy usually lasts between 1 and 30 years and pays only if a death occurs during the policy term.

The company pays the face value of the policy only if you die during the term period.

Often considered a temporary policy, term life insurance is only meant to cover you for a specific «term» or period of time during which the premiums may remain level.

The policy pays death benefits only if the insured dies during the term, which can be one, five, ten or even twenty years.

There are provisions to change the nominee during the policy term because the nominee is only required in case of demise of the insured.

A term policy carries no cash value and only pays out if the policyholder dies during the term.

If you buy your own health insurance and have an ACA - compliant plan — as opposed to something like a short - term health insurance policy or a limited benefit plan — you are also subject to open enrollment, as coverage is only available for purchase during that time (or during a special enrollment period if you have a qualifying event later in the year).

Term life insurance is a less expensive life insurance option and a good choice when you are on a budget because it is temporary and only pays a death benefit to beneficiaries of the policy if the insured dies during the limited term of the polTerm life insurance is a less expensive life insurance option and a good choice when you are on a budget because it is temporary and only pays a death benefit to beneficiaries of the policy if the insured dies during the limited term of the polterm of the policy.

Some companies will even buy term life insurance policies for cash, but only if you're quite old or sick, so likely to pass away during the policy term.

, which pays out only if you die during the policy term, permanent life insurance policies — sometimes called

It is important to keep in mind that if the policy owner dies at any time during the term period, simply buying just the traditional term coverage and investing the difference will always provide the greatest return on capital, because in this case the policy owner's estate would not only receive the death benefit but can distribute the invested cash as well.

It's a benefit policy that's used primarily to cover financial responsibilities of the insured, with the benefit to be paid only if the insured were to die during the specified term.

It pays only if death occurs during the term of the policy, which is usually from one to 30 years.

Your beneficiaries will receive the proceeds of your policy only if you die during the term of the policy.

Most life insurance policies purchased through employers are term policies that provide coverage only during the time of employment, but sometimes an individual will continue the policy after leaving the company.

The policy will only pay out if the life insured dies during the term of the policy.

The policy is only active during the pre-selected term.

In contrast with a term life policy that only pays out in the event of a death during the term of the policy, a whole life insurance policy can provide protection for the entire life of the caretakers.

Term Life Insurance pays a benefit only if death occurs during the term of the policy, which is usually from one to 30 yeTerm Life Insurance pays a benefit only if death occurs during the term of the policy, which is usually from one to 30 yeterm of the policy, which is usually from one to 30 years.

They pay a death benefit only if you die during the term of the policy coverage.

In contrast, to say a 30 - year term life insurance policy, which pays a death benefit only if the insured dies during a specified period of 30 years, a whole life policy provides for the payment of a death benefit regardless of when the death occurs in someone's life.

A term life policy, which could be in force for 10, 20 or even 30 years, will be cheaper, because it does not have a savings or investment component, and it only pays out if the insured person dies during the time the policy is in place.

A Term Life policy pays a benefit to the beneficiaries only if the policy holder dies during the time period for which the policy was initially contracted and has remained current on their annual or monthly premium payments.

A Term Life policy offers coverage only if death occurs during a specific period of time, which coincides with the terms in which the insured member is required to make a monthly premium.

While their loved ones will only be paid the policy's death benefit if they die during the term they selected, the policy holder will always have the opportunity to extend their coverage buy renewing.

While life insurance rates will vary according to your particular health and risk profile, term policies are typically the least expensive form of coverage, since they only pay out if you die during a certain period of time (the «term» of the policy).

The claims - made policy form only covers claims made against the insured during the policy term.

The best example of this is flight insurance - a term policy that covers you only while during the plane trip.