Sentences with phrase «original rate class»

These assumptions were based a decades of companies teaching agents to tell clients that they could count on a conversion privilege that would allow them to convert all or part of their policy to a permanent policy at their original rate class.

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.

Posted in Burial insurance, conversion, Conversion to a permanent product, final expense life insurance, financial adviser, honesty, insurance, life insurance, no lapse guarantee, term insurance, universal life Tagged Colony term life product, convert at original rate class, deadline September 2, First Colony Life, Genworth Life and Annuity, Genworth screwing loyal customers, insurance, life insurance, orignal rate class even with major health issues, raise rates, rate class guaranteed

Generally applicable to current assumption policies such as equity indexed, variable and universal life, cost of insurance charges are monthly charges for mortality and other elements of insurer expense that are assessed against the policy based on the insured's current age, the original rate class, and the current net amount at risk.

A monthly charge paid to an insurance company based on various elements of the policy such as insured's attained age, original rate class, etc..

He will get charged the rate for someone his current age, but it will be at the original rate class.

Expense Charge A monthly charge paid to an insurance company based on various elements of the policy such as insured's attained age, original rate class, etc..

Meaning, the policy can always be converted to a permanent policy no matter what health conditions the primary insured has developed over the years because the policy is converted at the original rate class qualified for.

Not exact matches

In any transfer of shares of Series FP from the original holder, the shares of Series FP will automatically convert to shares of Class B common stock at the then - effective conversion rate.

Where Ferguson does have an advantage is in its graduation rate, with 78 percent of its students in its original Class of 2012 graduating on time, versus St. Louis» 67 percent graduation rate.

«It is very satisfying to see how Polestar has been able to combine this level of driving performance in their interpretation of the S60 and new V60, while upholding Volvo's original service program, class - leading safety features and certified fuel and emission ratings.

These have fallen sharply in value in the last few months, and are now worth between 20 % and 40 % of their original value for most asset classes, even those considered safe by the ratings agencies.

Most policies are convertible to a permanent policy from the same company with the same rating class you got on the original policy.

Rather, you get the new coverage based on your original health class rating.

Most policies are convertible to a permanent policy from the same company with the same rating class you got on the original policy.

The new policy is issued at the rate class of the original term policy.

Instead, the company converts the policy to permanent coverage based on your original health class rating.

If you were approved preferred plus, the best rate class, and during the conversion period decided to do a conversion, they would calculate your premiums based on your current age and that same preferred plus rate class, even if since that original application you had encounter coronary artery disease and several types of cancer.

At the time, Barbara was actively undergoing chemo and radiation treatments, but the insurance company honored her original # 1 best health rate class, «preferred best», and saved her thousands of dollars over the cost of a new permanent policy.