Sentences with phrase «original face value of your policy»
In other words, the plaintiff in an insurance bad faith case may be able to recover an amount that is much larger than the original face value of the policy.
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Unlike traditional mortgage life insurance whose value decreases as you pay down your mortgage balance, term life insurance plans pay the full original face value of your policy to your beneficiary.
Unlike traditional mortgage life insurance whose value decreases as you pay down your mortgage balance, the CoverMe Term Life plan pays the full original face value of your policy to your beneficiary.
It will continue to decrease until it reaches 20 percent of the original face value of the policy.
In addition, permanent life insurance can help the policy holder earn monies over a period of time that increases the original face value of the policy.
Not exact matches
Since they are made up solely of the interest generated by the original policy's face value, «interest income» payouts are far smaller than other annuity installments.
Generally these can be taken under one of three possible non-forfeiture options: (1) surrender for full cash value; (2) use of the cash value to purchase reduced paid - up life insurance; and (3) use of the cash value to purchase extended term insurance in the full face amount of the original policy for as long as the cash value will pay net premiums.
Like «period certain» payouts, «amount certain» benefits pay out in equal amounts until the face value of the original policy has been exhausted.
Since most AD&D payments usually mirror the face value of the original life insurance policy, the beneficiary receives a benefit twice the amount of the life insurance policy's face value upon the accidental death of the insured.
Therefore, the policyholder can purchase additional insurance up to the face value of the original policy every three years.
An indexed universal life insurance policy has the potential to gain or lose accrued value, and generally prevents the value of the policy from going below the original face value.