Sentences with phrase «pay on behalf of the policyholder»
Not exact matches
That said, insurers should be prudent with expenses that are directly within their discretion on behalf of all policyholders who ultimately pay the price.
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Two former London Life actuaries, Bill Rudd and Jay Jeffery, and John McKittrick, a Great - West policyholder, sued on behalf of 1.8 million people, accusing the companies of illegally using their funds to help pay for the $ 2.9 - billion acquisition.
The child plan, however, would not only pay the lump sum, but would, in fact, continue to invest on behalf of the policyholder.
Insurance that pays and renders services on behalf of a policyholder who is unintentionally, but legally responsible for bodily injury or property damage that is caused to another person and covered in the policy.
Liability Insurance: Insurance providing money on behalf of the policyholder to pay because of bodily injury or property damage caused to another person and covered in the policy.
The remaining premiums are paid by the insurance company on behalf of the policyholder.
In that case, the term plan will pay the lump - sum amount and stop further investments but a Child Plan along with paying the lump - sum amount, continue investing on behalf of the policyholder.
With a variable life insurance plan, the majority of the amount paid in premiums is invested on the policyholder's behalf.
As explained above, first the company pays at the time of death of the policy holder and because of its Waiver of Premium (WOP) feature it continues to invest in the fund on the behalf of the policyholder.
A certain amount of the premiums paid for the insurance coverage is invested on the policyholder's behalf by the insurance company.
The best part of a child insurance policy lies in its waiver - of - premium feature; under which even after the unfortunate death of the policyholder, policy does continue paying all benefits, and all future premiums is borne by the insurer on behalf of the policyholder.
The insurer takes the onus of paying premium on behalf of the policyholder, and it pays out all the benefits under the policy.