Sentences with phrase «paid after a certain number of years»
Many of the return of premium plans pay back a percentage of the money paid after a certain number of years.
http://www.paramountlifeinsurance.com/ Not exact matches
The monthly payment is the amount that is expected to fully amortize (pay off the debt) after a certain number of months or years.
A term life insurance policy works exactly how it sounds; after purchasing coverage, or committing to pay for coverage on a regular basis, you receive life insurance for a certain number of years, or a «term.»
But instead of taking the full 30 years to pay off your balloon loan, you must after a certain number of years — say five or seven — pay off the loan's outstanding balance in full.
* All permanent policies can be surrendered for their current cash value after a certain number of years, at which point the insurer pays the accumulated cash value minus any loans and fees.
Some companies offer the option to purchase a whole life policy that's paid in full after a certain number of years.
Again, using U.S. health coverage as an example, under group insurance a person will normally remain covered as long as he or she continues to work for a certain employer and pays the required insurance premiums, whereas under individual coverage, the insurance company often has the right not to renew an individual health insurance policy, for instance if the person's risk profile changes (though some states limit the insurance company's rights not to renew after the person has been under individual coverage with a given company for a certain number of years).
However, if you'd prefer to have a policy that could provide the cash value * to pay off debts and don't want to worry about it expiring after a certain number of years, you may want to consider a permanent life insurance policy.
* All permanent policies can be surrendered for their current cash value after a certain number of years, at which point the insurer pays the accumulated cash value minus any loans and fees.
A term life insurance policy works exactly how it sounds; after purchasing coverage, or committing to pay for coverage on a regular basis, you receive life insurance for a certain number of years or a «term.»
Some whole life policies can be paid up after a certain number of years.
Unlike term life insurance, which expires after a certain number of years, permanent life insurance, such as whole life or universal life, provides lifelong protection and pays a death benefit regardless of when the insured dies.
Some policies will not return any of the premiums that you have paid if you cancel early, while others will refund a percentage after a certain number of years.
If for some reason, one ceases to pay premium after a set minimum number of years, then a free paid - up policy may be secured with reduced sum assured, subject to certain conditions
A free paid - up plan for lesser assured sum amount can be secured, if payment of premium ceases after a certain minimum number of years, terms and conditions applied.
The Amulya Jeevan II Plan does not acquire any paid - up value after any number of years that is even if premiums are paid for a certain number of years, say three years, they need to be continued throughout the policy tenure as failure to do so results in policy lapse.
It does not end after a certain number of years and as long as you continue to pay your premiums your loved ones will receive the benefit when you die.
Another is that the policy is permanent, unlike a term policy which expires after a certain number of years, so the company is more likely to pay a benefit.
So, as on date, this feature is generally available only for traditional non-linked endowment based policies wherein after you pay a premium for a certain number of years (usually three), the policy acquires a surrender value.
For example, when do you pay out the profits, are there penalties to the investors if they pull out of the fund before a certain number of years, do they roll over the profits they've made and if so, are there incentives for that other than compounding, are you paying out - or allocating - ALL of the profits to investors or yourself each year (meaning if the fund closed tomorrow would you keep the chunk of money left over after paying out the investor profits and initial investments or would you divide that chunk up between all the investors), are you paying yourself a salary for managing the fund and if so, are you also profit sharing??? I ask that last one because once I switch over to a fund like this, the money I am currently pulling out of each deal to live on, would need to stay in the fund and I'm left with no income until the end of the year if that's when the fund distributes profits.