Sentences with phrase «paid during any policy year»

If the premiums paid during any Policy Year exceed the maximum amount permitted under the GPT, we will return to you the excess amount.

Not exact matches

For example, if you purchased a 20 - year $ 500,000 level term policy, should you die at any point during the 20 year term due to a covered event (and have paid all premiums) the beneficiary would receive a $ 500,000 payout.

So as a result of the policies being pushed by Commissioner Stefan Pryor, Connecticut teachers and students spent thousands of hours during the past school year prepping and taking the Connecticut Mastery Test and state and local taxpayers spent tens of millions of dollars paying for the Connecticut Mastery Test but the man in charge of the entire testing scheme now says that «some of the more pronounced decreases in lower grades may be due to the shift to the Common Core curriculum... [and]... Students using the new curriculum haven't covered some of the areas in the test.»

We have a «take what you need» PTO policy, 11 paid holidays, 2 week - long organization closure during the year, and a summer break.

In a term life insurance policy, you pay an annual premium that covers the risk of death during that year.

Another thing you should do that can save you time during the actual process, is to have copies of pay stubs, two year's worth of tax returns, bank statements, other assets like stock, bond or life insurance policy as well as information on your outstanding debts.

Although not guaranteed, most participating whole life insurance policies from mutual insurance companies have paid dividends year in and year out for over a hundred years, even during the Great Depression.

A percentage of the Sum Assured on Maturity will be paid during the Maturity pay - out period starting from the end of the Policy Term till the end of the 19th year.

During the first seven years of the policy, the total you pay into it must not exceed amount that would spend to pay off the policy in seven years.

35 year old Siddharth chooses our Bharti AXA Life Flexi Save with a policy term of 20 years as he wishes to receive guaranteed benefits along with the flexibility of withdrawing money any time during the flexi benefit pay - out period.

This type of policy will pay out only a very limited benefit during the first few years the policy is in force, and then convert to a fully payable term life insurance policy for the remainder of the term.

If the insurer approves your application but then finds out about the misrepresentation during the contestability period — usually the first 2 years of the policy — it can cancel the policy and return the premiums you've paid (minus any fees).

You'll already have paid for your year's worth of coverage during the riding season so you might as well make sure it's protected for all four seasons by keeping a policy in place.

There is no cash value with a term insurance policy but when you get term life insurance quotes, the insurance company guarantees they will not increase the price you pay during this level term period (10, 15, 20, 25, or 30 years) to protect your loved ones.

Top up for ICICI Pru Group Immediate Annuity and Exide Life Golden Years premiums, is an extra amount of money that you can pay at any time during the policy term.

Top up for Exide Life Golden Years and Future Generali Leave Encashment premiums, is an extra amount of money that you can pay at any time during the policy term.

Top up for Exide Life Golden Years and IDBI Federal Growth Insurance premiums, is an extra amount of money that you can pay at any time during the policy term.

Top up for Elite Advantage and Exide Life Golden Years premiums, is an extra amount of money that you can pay at any time during the policy term.

Top up for ICICI Pru Loan Protect Plus and Exide Life Golden Years premiums, is an extra amount of money that you can pay at any time during the policy term.

If you apply for a policy that has no health questions, it will not pay out a death benefit during the first two years.

Seven - Pay Test This is the maximum annual premium that can be paid during the first seven policy years (or after a material change) without causing a cash value life insurance policy to become a Modified Endowment Contract (a MEC).

Graded death benefit describes how a life insurance policy will not pay out if the applicants death occurs during the first two or three years from when the policy was initially placed in force.

When purchasing a policy for a 20 or 30 year term to cover a mortgage or refinance loan, if the insured person does not pass away during that term, the lump sum paid back can be used toward any remaining debt on the mortgage.

In an annuity, first year premiums are any payments used to initially purchase the policy or that are paid during the first year.

In exchange for guaranteed acceptance, the trade - off is that many policies pay only a portion of the benefit amount during the first two years the policy is in effect.

For some reason, a ton of people seem to be under the impression that all final expense policies pay no benefits during the first two years.

For example, a 15 - year term life policy with a face amount of $ 250,000 would pay $ 250,000 to the beneficiary if the insured died any time during those 15 years.

If the life insurance premium has been paid for a minimum term of two years, and if the insured dies during the term of the life insurance policy.

Everyone is accepted, but the policy will not pay out a death benefit during the first two years.

This policy provides a graded benefit, which means that if death of the insured that is due to natural causes — in other words, death that is caused by means other than an accident — during the first two years in which the policy has been in force, the named policy beneficiary will only receive back all of the premiums that were paid in, plus 10 percent, as versus the face amount of the policy.

If the insured dies during the first two years of the policy, for a reason OTHER than an accident, the carrier will only return the premiums paid plus some interest.

However, if you die during the first two years and the cause of death is from an accident, they will pay the full death benefit (all no health question policies do this).

Their graded plan does pay some benefits during the first two years of the policy.

In the event that the insured parent passes away during the 10 - year period of the policy, a $ 50,000 death benefit is paid to a trust1.

Please remember, we can still get you a policy, but it won't pay out a death benefit if you pass away during the first two years.

My professional opinion of the ten pay option is that it may allow consumers to pay down (and off) the participating whole life policy during the course of their working years.

At the end of the policy term the motorist receives a rebate of up to 50 % of their premium for lower mileage (in this case, a rebate up to $ 250 if they drive less than 10,000 kms), or their premiums can increase up to 50 % if they drive more than the current maximum (in this case, they could pay up to $ 750 if they drive 30,000 kilometers during the policy year).

The term of the policy usually lasts between 1 and 30 years and pays only if a death occurs during the policy term.

The premium that is paid for a one year life insurance policy would be based on the actual probability that the person who has the insurance would die during the year that the term lasts.

If you are approved for this plan, Foresters will not pay out the death benefit during the first two years of the policy.

For Pet insurance, the excess must be paid by you for each illness or injury that is treated during the Policy Year.

If you switch from one health plan to another during the policy year, the amount you had already paid toward your annual deductible in the health plan you had early in the year is not credited toward the annual deductible in the health plan you have later in the year.

During the first few years, your coverage amount (death benefit) is only the premiums you have paid into the policy + a few percentage points.

There are some articles online that suggest these policies might not pay a death benefit during the first two years if death is non-accidental.

In addition to a higher monthly premium, your policy will not pay out a death benefit if you pass during the first two years.

They will pay out 75 % if death occurs during the second year of the policy.

The policy pays death benefits only if the insured dies during the term, which can be one, five, ten or even twenty years.

If an insurer finds evidence of misrepresentation during the the first two years of the policy — the period when an insurer can review and contest the policy terms — then it can cancel the policy and return the premiums you've paid.

If the insurer approves your application but then finds out about the misrepresentation during the contestability period — usually the first 2 years of the policy — it can cancel the policy and return the premiums you've paid (minus any fees).

Life insurance pays out in cases of suicide - but not if it happens during the first two years of the policy.