Sentences with phrase «over the course of one's policy»

Although coverage increases over the course of a policy period, the resulting higher premium is not usually billed until time of renewal.

More specifically, what are the chances that you'll die over the course of your policy?

Such excess payments are usually caused by interest earned on premiums paid over the course of the policy's life.

If you opt for this type of term plan, the insurance company would refund the entire amount that you paid as the premium over the course of the policy.

The premium balance will decrease in value over the course of the policy term as the policyholder makes installment payments.

These policies not only provide a death benefit, but they also accumulate cash value over the course of the policy, which you can borrow against as you age.

Often, the premiums do not change over the course of the policy and it builds an investment portion that you can withdraw or borrow against in later years.

Although coverage increases over the course of a policy period, the resulting higher premium is not usually billed until time of renewal.

A little bit of preparation might be enough to push you over the line into a risk class that will help you save a lot of money over the course of your policy..

Most term life insurance policies pay the same benefit throughout the term, although with some policies, the death benefit drops over the course of the policy's term.

However, there are dozens of other top life insurance companies to choose from, which could ultimately save you hundreds or thousands of dollars over the course of your policy.

A decreasing term means the death benefit and premiums go down over the course of the policy.

This deposit is made over the course of the policy period.

Once you choose a sum assured, the plan option determines the enhancements to your chosen life cover over the course of your policy.

This is an alternative to other types of life insurance where both premium prices and death benefit values can both change significantly over the course of the policy period.

Most small and mid-sized businesses are comfortable with guaranteed cost premiums because they are predictable, and don't adjust over the course of the policy period.

This has the added advantage of allowing the policyholder to accumulate a substantial amount of tax - deferred savings over the course of their policy.

Life insurance companies set life insurance rates by looking at how risky you are to insure — how likely you are to die over the course of your policy.

The cap on the higher premiums is equivalent to the premiums you would have paid if you had never participated in the program, over the course of the policy term.

These types of policies are used to stabilize the premiums over the course of the policy, as with cash value policies that premiums will not fluctuate.

These policies not only provide a death benefit, but they also accumulate cash value over the course of the policy, which you can borrow against as you age.

His premium is twice as much at $ 1,200 a year, so over the course of the policy he forks out $ 36,000, but all of that money comes back to him if he outlives the policy.

Insurance companies calculate that their policy holders will cause a certain number of accidents over the course of a policy - year, they budget for it, and they are legally obligated to pay.

After driving a car for many years, it may be more cost effective to lower the comprehensive and collision amounts on the vehicle if the payout in case of an accident will be less than the total amount you pay in premiums over the course of a policy year.

Decreasing term life insurance, also known as mortgage insurance, has a constant premium amount but the death benefit declines at a set rate over the course of the policy.

The benefit of this is that you now have your car insurance paid for over the course of the policy's effective period, but it means more money that you have to come up with up - front.

Your driving record in general, as well as your specific performance as a driver over the course of your policy period, will play a big role in motivating insurance providers to decide not to renew you when it comes time for the policy period to roll over.

As The New York Times pointed out, just 158 families donated roughly half of the early dollars in the 2016 election, giving this remarkably small sliver of the American people extraordinary influence over the course of policies that affect all of us.

The insurance company then uses population data to project your average risk of dying over the course of the policy (and sets your premiums accordingly).

If the policyholder outlives the term, 100 % of the premiums paid over the course of the policy are refunded tax - free to the policyholder at the end of the term.

His premium is twice as much at $ 1,200 a year, so over the course of the policy he forks out $ 36,000, but all of that money comes back to him if he outlives the policy.

The car insurance companies (the «insurers») bet that they will earn enough money over the course of your policy to cover any payments they have to make on that policy, plus a profit.

Term policies can be level term which means the death benefit will remain the same throughout the duration of the policy, or they can be decreasing term which mean the death benefit drops over the course of the policy's term.

to choose from, which could ultimately save you hundreds or thousands of dollars over the course of your policy.

The premiums do not change over the course of the policy, and you do not have to renew or change policies at the end of any terms as is the case with term life insurance, which offers a fixed rate only as long as the policy's term, which can be a few as ten years.

Life insurance companies use classifications to determine how risky you are for them to insure — what are the chances that you'll die over the course of your policy?

He ends up paying $ 18,000 over the course of the policy and gets zero back if he outlives his policy.

But, for example, if your premium for a 20 - year term policy is only $ 250 as opposed to $ 500 for the no medical exam option, you would save $ 5,000 over the course of the policy.

Over the course of the policy, the premiums will never increase and are effective for as long as payments are continued.

The policy includes a guaranteed interest rate of 3 % over the course of the policy and the riders are the same as with whole life with these additions;

Life insurance companies use classifications to determine how risky you are for them to insure — what are the chances that you'll die over the course of your policy?

Insurance companies set their pricing structure in one of three ways that can cause the amount you pay over the course of your policy to vary widely: 1

But, for example, if your premium for a 20 - year term policy is only $ 250 as opposed to $ 500 for the no medical exam option, you would save $ 5,000 over the course of the policy.

Decreasing term means that the death benefit drops, usually in one - year increments, over the course of the policy's term.

Over the course of the policy, the premiums will never increase and are effective for as long as payments are continued.

If the policyholder outlives the term, 100 % of the premiums paid over the course of the policy are refunded tax - free to the policyholder at the end of the term.

He ends up paying $ 18,000 over the course of the policy and gets zero back if he outlives his policy.