Sentences with phrase «payment against his insurance policy»

Not exact matches

PMI is a mandatory insurance policy for conventional loans which insures a lender against loss in the event that the homeowner stops making payments on a mortgage loan.

If a policy of insurance has been or shall be effected by any person on his own life or upon the life of another person, the policyowner shall be entitled to any accelerated payments of the death benefit or accelerated payment of a special surrender value permitted under such policy as against the creditors, personal representatives, trustees in bankruptcy and receivers in state and federal courts of the policyowner.

The percentage of rent that can be applied against the mortgage payment will depend on each lender's policies, the mortgage insurance (if any), and the overall credit score of the applicant etc..

The lender will use the fee for an insurance policy to protect them against financial loss in the event of a borrower not meeting their mortgage payments.

When your insurance company denies a claim, delays payment of a claim or refuses to defend you against legal action under a commercial general liability insurance policy, seek legal assistance from experienced insurance law attorneys.

Settlement, $ 1.53 Million Breach of contract claim against insurance company for failure to make payment on Commercial Crime Policy.

The suicide of a policyholder after the first policy year of any life insurance policy issued by any life insurance company doing business in this state shall not be a defense against the payment of a life insurance policy, whether said suicide was voluntary or involuntary, and whether said policyholder was sane or insane.

Commercial auto insurance is a special auto insurance policy designed to protect your business from a set portion of the cost of a legal claim against you, property damage to your vehicles and cargo, and medical payments to your drivers after an accident.

Insurers believe that the healthier your credit history, the less likely you are to file a claim against your auto or homeowners insurance policy, and the more likely you are to pay your insurance premium payments.

This is often used in policies which cover health, disability or life insurance so that a policy holder has a reasonable guarantee of ongoing coverage even if they should develop a condition or conditions that increase the likelihood that an insurer will have to make a payment against a claim.

A guaranteed renewable insurance policy is one where the insurer is obligated to renew the insurance coverage for as long as the insured party makes the payments against that policy.

There are many attractive life insurance policy features such as the ability to borrow against the cash value of your policy and the option to receive dividend payments.

Loans2 or withdrawals can be taken against the cash value of a permanent life insurance policy to help with expenses, such as college tuition or the down payment on a home.

An insurance policy designed to provide additional coverage against major losses covered under the original policy if existing liability claim payments are exhausted past their limits.

This is the face value of the life insurance policy that is to be paid out to your beneficaries in the event of your death and the total amount paid out (less any loans against the policy) is usually in a nontaxable lump sum payment.

Loans or withdrawals can be taken against the cash value of a whole life insurance policy to help with expenses, such as college tuition or the down payment on a home.

With other types of policies, variations in dividend payments (which can be used to pay against premium), cash value, and costs of insurance in the case of universal life policies can all create variability with the amount of premium required to keep the policy in force and the ultimate death benefit.

The insurance company will take into account any loans against the policy value when calculating the dividend payment, so beware of the effect of loans.

Continuing the prior example, assume that Sheila had accumulated a whopping $ 100,000 policy loan against her $ 105,000 cash value, and consequently just received a notification from the life insurance company that her policy is about to lapse due to the size of the loan (unless she makes not only the ongoing premium payments but also 6 % / year loan interest payments, which she is not interested in doing).

And as the next premium payment date neared, I studied the features of the policy in detail, compared it against common savings options and other types of insurance and realized that these policies often do not measure up to even to low - yielding non-insurance savings schemes

A life insurance policy is a contract issued by a life insurance company providing protection against the death of an individual in the form of a payment to a beneficiary.

A Fort Smith renters insurance policy has a small premium payment that will protect your belongings against such perils as fire, wind damage, and so much more.

Once your life insurance premiums are self - funded, your premiums vanish until such time as the mutual funds drop below the current value or you borrow against the cash value of the policy to the point where the dividends are no longer sufficient to make the premium payments.

If you are taking a term insurance policy as a protection against loan and debts, then there is no need to go for staggered payment as in such situations, you need the sum assured at once not on a monthly basis.

I know insurance companies would argue against this, but if you've had a policy in place for several years and it lapses because you miss a payment, do you think they have a strong interest in reinstating it, or possibly just calling all of the payments made as profit with no further need to worry about paying a death benefit?

The insurance companies consider your driving history, the number of persons listed in the insurance policy, the make and model of your vehicle, and the policy limits to decide on the deductible, the discounts that could be offered to you, and the monthly insurance payments against the auto insurance policy.

The main renters insurance policy form, HO4, covers three basic things: your personal property, legal costs stemming from lawsuits against you, and medical payments to people who injure themselves while on your rented property (as long as they don't live there).

This is normally used in the instances of policies which cover disability, life or health insurance so that a policy holder can be guaranteed ongoing coverage even if they should later develop a condition or conditions that increase the risk exposure of the insurance company to make payments against claims, or even if it guarantees that the insurer will have to make a payment of a benefit.