Sentences with phrase «original policy face amount»

Please avoid expressing beneficiary shares as dollar amounts since the actual death benefit paid may be more or less than the original policy face amount.

Not exact matches

• On policies of $ 25,000 or more, you may increase the face amount of the policy using the same age as the original issue.

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.

This can also be no more than the face amount of your original SGLI policy.

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.

When the premiums increase, you're allowed to reduce the face amount of the policy, allowing you to pay the original amount.

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.

The conversion option in your term life policy allows you to convert over as much of the original face amount you would like to a permanent policy without taking a new health exam.

If premiums are increased, some policies let you decrease the face amount of coverage so that you can continue to pay the original premium.

Normally, the additional benefit paid out upon death due to accident is equivalent to the face amount of the original policy, which doubles the benefit.

My policy has a death benefit that actually increases by more than my cash value over the years so if i die my beneficiaries get the original face amount PLUS the cash value and then some!

Most companies will allow you to convert up to the entire face amount of your existing term policy and you'll be guaranteed your original rate class.

Basically the original face amount of the permanent life policy will grow over a period of time.