Sentences with phrase «pay the premium on time because»

It is very important to pay the premium on time because the claim benefits that you will receive or your beneficiary will receive greatly depend on the payment you make.

Not exact matches

Term life insurance is not available as a standalone policy on children (because the term would likely be over by the time they needed income replacement for their own families), but a permanent policy will last their lifetime so long as the premiums are paid.

Premiums for the new policy will be higher than the term policy rates since you would pay based on your current age at the time of converting your policy and because whole life costs more than term life.

For some, a permanent policy may make the most sense because it provides lifetime coverage (provided you pay your premiums on time and in full) and accrues cash value.

Even without medical underwriting, paid - up additional insurance may have a higher premium than the base policy because the price depends on a policyholder's age at the time he or she purchases the extra insurance.

Unless you have made false statements on your application, filed fraudulent claims or failed to pay your premiums on time, the company can not cancel your policy because of your health, pre-existing conditions or claims.

This is because you may miss out on paying the premium payment on time, even within the grace period, creating a lot of headache and unnecessary hassles for you.

One of the most common reasons why premiums increase is because renters sometimes fail to pay their renters insurance bills on time.

Because you will not have to pay your deductible all of the time, this is a great way to save money on your premiums.

But, if you need life insurance guaranteed to last for your entire lifetime, no matter how old you live to, permanent life insurance can help, but costs a lot more, because it's guaranteed to pay out a death claim as long as you pay your premiums on time.

I would like to sell and sit on the money because as you said and agree with I would be paying a premium for a commercial property at this time.