Sentences with phrase «optional policy provision»

The waiver of premium rider is an optional policy provision that provides for the payment of a life insurance policy's premium in the event of the total disability of the insured.

The accidental death benefit rider is an optional policy provision that pays an additional amount over and above your policy coverage amount in the event the insured's death is caused by an accident.

The waiver of a premium rider is an optional policy provision that provides for the life insurance policy's premium payment in case of the total disability of the insured to pay; age restrictions and coverage maximums apply as per usual.

Child (ren) Rider: An optional policy provision that provides a small amount of life insurance coverage on the lives of the primary insured's children.

Riders are optional policy provisions that pay additional money to you or your beneficiaries.

Not exact matches

Finally, long - term care riders are optional provisions you can add to your policy that allow you to access funds to pay for long - term care services.

These are some of the more common and optional trailer insurance policy provisions.

It does not address the transitional provisions which provide optional benefits on existing policies until they are terminated or renewed.

Accelerated death benefit - An optional provision in a life insurance policy that provides for a specified percentage of the death benefit to be paid prior to the insured's death in the event a doctor certifies that the insured's life expectancy is limited (usually 12 months or less).

An optional provision on a life insurance policy that provides a small amount of coverage on the lives of the primary insured's children.

You may choose to limit or expand your life insurance coverage for term insurance or permanent insurance policies through the use of policy riders, which are optional provisions that can be added to your original life insurance policy for an additional premium.