Sentences with phrase «payment of due premium of»

There will be a grace period for payment of due premium of the policy.

Not exact matches

23 %: The average additional level of premium increase requested by Idaho's PacificSource Health Plans (on top of a regularly planned 23 % hike), due to threats to cut off insurer payments.

Although the payment of the insurance premiums is not tax deductible, any increase in the cash value of the insurance policy due to investment gains is not taxed until you begin to withdraw the money after you retire.

There's an upfront premium that is due at closing, as well as an annual premium that is paid monthly on top of your mortgage payment.

Similarly, lower - tranche mortgage securities and CDOs (and increasingly the higher - rated ones) are facing disappointments in their payment streams due to mortgage foreclosures, while potential buyers of these securities require much higher risk premiums as compensation, which we observe as still lower prices for that mortgage debt.

Frequent use of PADs includes mortgage and utility payments, membership dues, charitable donations, RSP investments, and insurance premiums.

footnote ** IRA distributions received before you're age 59 1/2 may not be subject to the 10 % federal penalty tax if the distribution is due to your disability or death; is distributed by a reservist who was ordered or called to active duty after September 11, 2001, for more than 179 days; or is for a first - time home purchase (lifetime maximum: $ 10,000), postsecondary education expenses, substantially equal periodic payments taken under IRS guidelines, certain unreimbursed medical expenses, an IRS levy on the IRA, or health insurance premiums (after you've received at least 12 consecutive weeks of unemployment compensation).

Direct Payments allow on - time payments of insurance premiums, utility bills (power, phone, cable, water, etc), maintenance fees, and service dues, just to namPayments allow on - time payments of insurance premiums, utility bills (power, phone, cable, water, etc), maintenance fees, and service dues, just to nampayments of insurance premiums, utility bills (power, phone, cable, water, etc), maintenance fees, and service dues, just to name a few.

This is allowed due the payment of whole life dividends which are basically defined as a «return of premiums» to the policy holders rather than regular income.

Insurance Premiums: life insurance premiums are the payment due to keep the policy active and in force on the life of the Premiums: life insurance premiums are the payment due to keep the policy active and in force on the life of the premiums are the payment due to keep the policy active and in force on the life of the insured.

You start receiving guaranteed tax - free income after the completion of the Premium payment term, until Maturity, provided the policy is in force and all due Premiums have been paid.

In case of the death of the Life Insured during the grace period allowed for payment of due premium, the Death Benefit less the outstanding charges shall be payable.

A con of hybrid life insurance with long term care is your premium payment does not currently qualify for a tax deduction, most likely due to individual life insurance premiums not being tax deductible.

If you pay these items monthly as part of your mortgage payment, there are typically two months of the premium due at closing, in addition to any unpaid premiums.

The borrower is responsible for payment of per diem interest and property taxes and insurance premiums (if due).

For example, if you become totally disabled, your waiver of premium rider will pay any and all premiums payments due to the carrier.

Another benefit of term life insurance is that you will continue to be insured in the future as long as you meet the premium payments when due, regardless of any changes to your health, occupation or pastimes.

One of the primary benefits of this Single Premium LTC Whole Life Policy is that after your initial premium, no more payments are due.

Due to fluctuating market conditions, at the time of distribution, your annuity value may be more or less than the total of all premium payments.

The amount of money paid or due to be paid when a person insured under a life insurance policy dies, after adjustments for any outstanding policy loans, dividends, paid - up additions or late premium payments (if applicable) are made.

PAYMENT & CANCELLATION: Deposit: A non-refundable deposit is due at the time of reservation * All reservations (except where specified): $ 300 per person Reservations with Antarctica, Cuba, Ecuador, Passion Play 2020, Uganda: $ 500 per person * Travel Protection (Insurance) premiums are not covered by the initial deposit.

There should not be any dues in payment of premiums on date, in order for the renewal to take place.

With respect to effective dates other than regular effective dates, meaning retroactive or accelerated coverage effective dates resulting from enrollment under certain special enrollment periods (including birth and marriage), resulting from the resolution of appeals, or resulting from amounts newly due for prior coverage based on issuer corrections of under - billing, we considered a premium payment deadline of 10 - 15 business days from when the issuer receives the enrollment transaction.

We like Gerber Life because they offer clients the flexibility of changing the due date of their premium payments based on individual needs.

Universal life is considered to be more flexible than whole life in that the policyholder is able — within certain guidelines — to change the due date of the premium payment, based on his or her needs.

NOTE: Please review the Terms and Conditions of your life insurance policy for payment of premiums due, and coverage paid to beneficiaries.

The coverage that is selected is guaranteed to remain the same throughout the entire lifetime of the policy, and the premium payment due is also not allowed to increase throughout the term of coverage.

Most concerns raised by commenters opposed allowing premium payments after the coverage effective date due to the uncertainty of payment for services provided after the coverage effective date if a premium is not paid and the enrollee is subsequently cancelled.

The policy typically has a low «drag» due to the fact that policyholders are encouraged to schedule premium payments in excess of the minimum payment required to keep the policy in - force.

For instance, many will offer a waiver of premium where once the key employee is totally disabled and the elimination period is satisfied, no more premium payments will be due.

Enrollment requires written notification of the new Dependent's name, birth date, gender, and citizenship as well as payment of any additional premium due.

If your payment has still not been received prior to the 10th of the following month (Example: By July 10th for a payment that was due in June), you will have to pay a double premium to get your account current and reactivate benefits the next time you pay online.

These commenters opposed allowing more individuals to appear to have effective coverage and then have the coverage not be effectuated due to non-payment of premium by the payment deadline.

Nonforfeiture Values For more than 100 years, insurance regulators have required that permanent life insurance policies have certain equity rights, even when the policy might lapse due to non payment of premiums.

Finally, because the premium payment threshold policy is implemented at the option of each issuer, we do not believe there is a reason to delay implementation of the regulation due to operational complexity.

These payments can come monthly, quarterly, semi-annually, or annually, and the cost of your premiums are due to the amount of risk you have that is determined during the underwriting process.

There is a grace period provision of 30 days after the due date for payment of your renewal premium.

Exchanges may, and the Federally - facilitated Exchange will, allow issuers to implement, a premium payment threshold policy under which issuers can consider enrollees to have paid all amounts due if the enrollees pay an amount sufficient to maintain a percentage of total premium paid out of the total premium owed equal to or greater than a level prescribed by the issuer, provided that the level is reasonable and that the level and the policy are applied in a uniform manner to all enrollees.

Lapse — when your life insurance «lapses» your policy is no longer active due to lack of premium payment.

A grace period provision is also defined within a life insurance policy that provided for a period of time, usually 30 or 31 days in which an insured must pay a premium payment beyond the date of which the premium is usually due, without losing coverage.

In the event, payment towards insurance premium is remitted through a bank account opened in the name of a third party (i.e. not being in your name), you agree and acknowledge that Our Company can undertake enhanced due diligence measures (including any documentation), to satisfy itself relating to customer due diligence requirements.

The provision of payment of 80 % of the premium will be applicable only if the LIC term plan is in force meaning that all the due premiums have been paid till the date of suicide.

In case of your failure to pay premiums on time, you will get a notification from the insurer to make sure that you have made payments of all the due premiums within a fixed grace period.

For a Regular premium payment policy, the policy will lapse in case the due premiums are not paid by the end of the Grace Period.

On failure of payment of the premiums for other payment modes, a grace period is allowed for 30 days within which the policyholder can pay his premium dues.

Of course, if the premium increase was due to claims, your credit scores dropping dramatically or some other issue within your control, changing carriers probably won't improve your payments.

Grace Period: On failure of payment of the premium for monthly payment modes, a grace period is allowed for 15 days within which the policyholder can pay his premium dues.

If the chosen Benefit Payment Preference is Save - n - Gain under any of the plan option, in case of death or critical illness suffered by the insured during the tenure of the plan, the Sum Assured is paid to the beneficiary who is the child, all future premiums are waived off and 50 % of the premiums are paid by the company towards the plan and 50 % to the beneficiary on every premium due date and the plan continues.

Grace Period: A period of 15 days (for monthly payment mode) and 30 days (for other modes) is provided to the insurance holder during which he / she can pay off all the due premiums.

Grace Period: A grace period of 15 days is allowedfor the payment of due premiums that the policyholder had failed to pay within the allotted period for premium payments.