Sentences with phrase «over the term of the policy»

It is important to start early so that one can save a lot on the premium amount over the term of the policy.

Remember, your premiums are largely determined by the risk you pose of dying over the term of your policy.

The premiums can be paid regularly at yearly, half - yearly, quarterly or through salary deductions over the term of policy.

This means a no medical exam policy may cost you thousands of dollars in additional premiums over the term of the policy, while saving you less than an hour.

The premium does not decrease over the term of the policy.

It is in addition to the death benefit of an equivalent amount if he expires over the term of the policy.

Most people elect to purchase level term coverage, but for those who expect their life situations to change drastically over the term of their policy, other option may be more suitable.

Term insurance offers benefits for a set number of monthly payments over the term of a policy.

Note that other factors can impact your overall premium, including any claims you make over the term of your policy.

This is in addition to the death benefit of an equal amount on death over the term of the policy.

It is similar to life insurance but differs due to the sum that is insured reduces over the term of the policy to track your reducing outstanding mortgage sum.

If he decides to pay a single premium, he is exposing himself to possible market volatility over the term of the policy.

But it's not uncommon to have to change your beneficiaries over the term of your policy.

In case of a disability or occurrence of any event as per the provider's terms and conditions, you may avail of regular payouts over the term of the policy.

Under money back plans, survival benefits are spread over the term of the policy i.e., certain percentage of sum assured is paid at regular intervals.

By saving a few dollars each month, compared to other quotes, imagine how much you will save over the term of the policy!

But what happens if you don't die over the term of the policy?

What makes it unique is the ability to adjust your premium according to your needs over the term of the policy.

This means a no medical exam policy may cost you thousands of dollars in additional premiums over the term of the policy, while saving you less than an hour.

Accident forgiveness programs cancel the increase in a driver's rates after an at - fault accident, which can save you hundreds of dollars over the term of your policy.

Premiums amount can be paid regularly at yearly, half - yearly, quarterly or monthly mode through ECS only or through SSS mode over the term of policy by the customer.

And many people continue to think of insurance as a gamble — a wager between between the insurer and the insured, with whoever pays out the most over the term of the policy being the loser.

(Of course, it couldn't hurt to read over the terms of your policy to ensure there aren't any strange clauses that could temporarily void your coverage.)

Go for a level term insurance where you pay a pre-set premium amount for the entire term while the coverage increases over the term of the policy.

As this performance is non-guaranteed and depends on the future, the «Non-Guaranteed Benefits» section in this Illustration is provided to give you an indication of what this benefit could be if the fund earns on average 4 % or 8 % per annum over the term of the policy.

The idea is that the risk of your dying is calculated over the term of the policy, and your premiums will reflect that risk.

At the end of the policy period (30 years), John is still alive, so the insurance company sends John a check for $ 22,320 which represents the premiums he has paid over the term of the policy.

After you submit your application, you will go through the underwriting process, where the insurer will get a picture of your health to see how risky you are to insure over the term of the policy.

With a Universal Life insurance policy you have the ability to adjust the premiums and the benefit amount over the term of the policy.

One can pay premium yearly, half - yearly, quarterly or monthly mode (through ECS only) or through salary deductions over the term of policy.

This is done using aggregate data and actuarial tables — which basically display the probability a person will die at each age — to see how likely it is they'll die over the term of the policy.

It offers insurance coverage that decreases over the term of the policy, in order to keep premiums down and meet the common need of more life insurance earlier in life and less as one ages (as kids get older, the house gets paid off, etc).

Premiums can be paid regularly at monthly, quarterly, half - yearly or yearly mode (through ECS only) or through SSS mode over the term of policy

The earlier you purchase a term life policy and the healthier you are, the cheaper the premiums will be over the term of the policy.

Whether there is a surplus or a deficit is usually said to be a question of how good the investment return has been over the term of the policy — typically twenty - five years.

This is what's known as the underwriting process; the carrier is finding out your risk level — the probability that you'll die over the term of your policy — and setting your premiums accordingly.

Accident forgiveness programs cancel the increase in a driver's rates after an at - fault accident, which can save you hundreds of dollars over the term of your policy.

To begin with, decreasing term life insurance premiums stay the same, but over the term of the policy, the payout amount decreases.

The earlier you purchase a term life policy and the healthier you are, the cheaper the premiums will be over the term of the policy.

With a Universal Life insurance policy you have the ability to adjust the premiums and the benefit amount over the term of the policy.

Premium payment can be done by yearly, half - yearly, quarterly or monthly mode (through ECS only) or through salary deductions over the term of policy.

The money back policy is a good way to get more than just the maturity amount as in addition to it, the insured also keep receiving the survival benefits over the term of the policy.

The insured receives periodic survival benefits over the term of the policy.

Wow the difference over the life of this policy is nearly $ 86,400.00 over the term of the policy!

Mortgage life insurance is based on the value of the home, with a diminishing pay out over the term of the policy.