Sentences with phrase «payment on a term life policy»

You are likely still supporting dependents, paying down the mortgage, and continuing premium payments on a term life policy, for example.

Not exact matches

A long - term care policy, purchased when one is younger, behaves as if it's prefunding one's late - life healthcare expenses on a level - payment basis.

Maturity Benefit: In case the Life Insured survives till the maturity of the Policy and all premiums are duly paid, then the Maturity benefit shall be paid as Sum Assured on Maturity to the policyholder for all premium payment term and policy Policy and all premiums are duly paid, then the Maturity benefit shall be paid as Sum Assured on Maturity to the policyholder for all premium payment term and policy policy terms.

Initially, the premiums paid on cash value insurance, such as whole life insurance rates, are higher than those associated with term insurance, given that term insurance payments are used just to pay for current insurance coverage and not to build up cash value in the policy.

Survival Payout *: On Survival of the Life Assured till the end of the premium payment term, Survival Payouts are paid as a percentage of ONE Annual Premium which increases every year at 10 % of annual premium from the end of the premium payment term till one year before the end of the policy term.

As long as you keep up with the premium payments and you don't cancel the policy early, there will be a guaranteed death benefit on both term and whole life.

If you miss a payment on your term insurance, it will most likely lapse for non-payment whereas the indexed universal life insurance policy will continue since insurance cost can be paid with the cash that has accumulated in the policy.

She no longer had the money to make premium payments on both the life insurance and her long term care policy.

With the waiver of premium rider, the premium payments on the term life insurance policy would be waived if the insured were to become totally disabled — as defined in this rider.

Most people would be better off buying Term and investing the money they would save making payments on a permanent life insurance policy.

June was able to sell her life insurance policy and use the cash payment of $ 65,500 to continue paying premiums on the long term care policy.

Permanent life insurance differs from term in that as long as you make your required premium payments on time, the policy will never expire.

In fact, a thirty - year - old male can easily spend less on a term life insurance policy than they would for a 128 GB iPhone 7 Plus through Apple's monthly payment plan.

The payment depends on your policy's face value, the terms of your contract, and the state you live in.

It has the features of both a term and whole life insurance which allows policy holders to choose varying payment methods and coverage every year while adjusting its interest on a monthly basis.

Similar to term life insurance, the insurance company is banking on you dropping the policy at some point, or missing a payment which would drop your no lapse guarantee.

One big advantage of covering your mortgage with a 30 year term life policy is that as the payments are made on the loan, your policy benefits remain the same which leaves more for your family's other needs.

Some term policies carry life insurance conversion credit, which reduces the premium payments on the new Permanent Policy by some degree.

A Term Life policy pays a benefit to the beneficiaries only if the policy holder dies during the time period for which the policy was initially contracted and has remained current on their annual or monthly premium payments.

Always make a premium payment on time for a term life insurance policy, and do not miss payments.

I have following policies: 1) Max Life Life Gain Premiere policy term 20 years, premium payment 08 years, started on 04 - Sep - 2014, Annual Payment 70,000 / - and paid two prpayment 08 years, started on 04 - Sep - 2014, Annual Payment 70,000 / - and paid two prPayment 70,000 / - and paid two premiums.

Moreover, whole life plans offer coverage along with all the accrued bonuses for participating plans, as declared under the policy from time to time on maturity or completion of premium payment term.

It not only offers you protection coverage but also has the benefit of return of premium payment at the end of the policy term, on the survival of the life insured.

Mortgage life insurance is a term life insurance policy, which lasts for as long as the length of time that payments are due on the mortgage.

While many people who purchase life insurance will pay their premiums on either an annual or a monthly basis, there are other options for premium payments — options that can not only alleviate you from paying for coverage long - term, but can also help you to build up cash in the policy much more quickly.

As long as you keep up with the premium payments and you don't cancel the policy early, there will be a guaranteed death benefit on both term and whole life.

With Bajaj Allianz Life eTouch Online Term Plan, you will have the option to change the prevailing premium payment frequency on any policy anniversary, during the policy tTerm Plan, you will have the option to change the prevailing premium payment frequency on any policy anniversary, during the policy termterm.

The reduced premium will be based on the age, lifestyle category (if applicable), policy term, premium payment frequency and sum assured of the surviving life assured as at the inception of the policy

Guaranteed Loyalty Addition: On survival of the Life Assured to the end of the premium payment term, the Guaranteed Loyalty Addition will be payable, provided that all due premiums are paid and the Policy is in - force.

It is a request made by the beneficiary for the payment of Death Benefits on the death of the Life Assured, as per the terms of the policy.

This type of life insurance policy has more rigid terms that must be adhered to such as specific policy payment dates, a cash value account which is essentially a return on investment which can be used to pay the premiums, as well as other specifications.

You will receive a Guaranteed Monthly Income (in arrears) after the end of the premium payment term on survival of the Life Assured at the end of every month till the end of the policy term.

Protection for your family: Get life cover of at least 10 times the annualised premium for the entire policy term Pay as you like: With yearly, half - yearly, quarterly and monthly premium payment modes Tax benefits: Get tax benefits on investment and on returns, as per the applicable income tax laws

The cost of Life Insurance depends on the policy holder's age, Medical History, nature of work, type of policy selected, sum assured, policy terms, premium amount and the payment frequency.

On the Death of the Life Assured during the policy term, the policy gets terminated after payment of the Death Benefit.

You can customize the plan to suit your requirement by following the steps below: Step 1: Choose between an individual or a joint life cover Step 2: Choose your sum assured (s)(Life Cover) Step 3: Choose your policy term & premium payment frequency Your premium under the plan is based on your current age (s), sum assured (s), policy term and premium payment frequelife cover Step 2: Choose your sum assured (s)(Life Cover) Step 3: Choose your policy term & premium payment frequency Your premium under the plan is based on your current age (s), sum assured (s), policy term and premium payment frequeLife Cover) Step 3: Choose your policy term & premium payment frequency Your premium under the plan is based on your current age (s), sum assured (s), policy term and premium payment frequency.

Most life insurance companies include a rider on their term life policies that allows the payment of a portion of the policy death benefit to be paid to the policy beneficiary (s) in the event the primary insured is diagnosed as terminally ill by a practicing, licensed physician.

While I'm almost always responsible and on top of what I owe and when I owe it, I ended up being late on my term life insurance payment on my policy's first anniversary.

This involves making a sufficiently large payment with life insurance company up front to cover the premiums on the policy for the entire term.

Mr. Chirag at 35 years of age, opts to buy HDFC Life YoungStar Udaan (career maturity benefit option with classic waiver death benefit option) with the policy term of 15 years, premium payment term of 10 years, annual premium amount of Rs 50,000, and sum assured on maturity of Rs 5,00,000.

Survival Payout: On Survival of the Life Assured till the end of the premium payment term, Survival Payouts are paid as a percentage of Annual Premium which increases every year at 10 % of annual premium from the end of the premium payment term till one year before the end of the policy term.

Unlike term policies, permanent life insurance policies will remain in effect for as long as you continue to make payments on your premiums.

The New Money Back Term plan offers to pay a lumpsum payment on the unfortunate death of the life assured during the policy tTerm plan offers to pay a lumpsum payment on the unfortunate death of the life assured during the policy termterm.

The new Money Back Term plan offers to pay a lumpsum payment on the unfortunate death of the life assured during the policy Term plan offers to pay a lumpsum payment on the unfortunate death of the life assured during the policy termterm

Moreover, Max Life Premium Return Protection Plan not only offers you protection coverage, but also has the benefit of return of premium payment at the end of the policy term, on survival of the life insuLife Premium Return Protection Plan not only offers you protection coverage, but also has the benefit of return of premium payment at the end of the policy term, on survival of the life insulife insured.

We have fixed, minimum, and maximum sum assured (life cover) values depending on the Policy Term (10 or 20 years) and Premium Payment Term, which you can choose according to your convenience and needs.

If the Policy has lapsed, it may be revived during the life time of the Life Assured, but before the date of expiry of policy term, on submission of proof of continued insurability to the satisfaction of the Corporation and the payment of all the arrears of premium together with interest at such rate as may be prevailing at the time of the paPolicy has lapsed, it may be revived during the life time of the Life Assured, but before the date of expiry of policy term, on submission of proof of continued insurability to the satisfaction of the Corporation and the payment of all the arrears of premium together with interest at such rate as may be prevailing at the time of the paymlife time of the Life Assured, but before the date of expiry of policy term, on submission of proof of continued insurability to the satisfaction of the Corporation and the payment of all the arrears of premium together with interest at such rate as may be prevailing at the time of the paymLife Assured, but before the date of expiry of policy term, on submission of proof of continued insurability to the satisfaction of the Corporation and the payment of all the arrears of premium together with interest at such rate as may be prevailing at the time of the papolicy term, on submission of proof of continued insurability to the satisfaction of the Corporation and the payment of all the arrears of premium together with interest at such rate as may be prevailing at the time of the payment.

Minimum variable premium for Aegon Life iGuarantee Insurance Plan is Depends on age of the policy holder and minimum variable premium for LIC Bhagya Lakshmi Plan is Depends on sum assured, age of the insured and premium payment term.

Minimum variable premium for IndiaFirst Anytime Plan is Depends on Age and Policy Term and minimum variable premium for SBI Life Smart Elite is Depends upon the premium payment mode chosen.

The Facebook - owned company has not yet put a FAQ page on payments, but the terms and service page as well as privacy policy page are live.