Sentences with phrase «person dies within the term»

As you search for a lost policy, keep in mind that if it was a term life insurance policy, then you as the beneficiary collect the benefit only if the insured person died within the term.

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Term life insurance is a life insurance policy that provides a death benefit to the policyholder's beneficiaries if that person dies within the specified «term» of the polTerm life insurance is a life insurance policy that provides a death benefit to the policyholder's beneficiaries if that person dies within the specified «term» of the polterm» of the policy.

Term life insurance policies pay a death benefit if the insured person dies within the policy term, such as 10, 20, or 30 yeTerm life insurance policies pay a death benefit if the insured person dies within the policy term, such as 10, 20, or 30 yeterm, such as 10, 20, or 30 years.

If the person covered by the life insurance policy dies within that term, the beneficiary (in this case, their parent) will receive a death benefit.

If the person taking out term life insurance dies within the time that the policy is active, beneficiaries get their due.

Term life insurance policies pay a death benefit if the insured person dies within the policy term, such as 10, 20, or 30 yeTerm life insurance policies pay a death benefit if the insured person dies within the policy term, such as 10, 20, or 30 yeterm, such as 10, 20, or 30 years.

⦁ Return of premium term life provides a refund of premiums for people who don't die within the term.

Such policy articulates the person who will obtain the proceeds, which is the amount of the death benefit, from the insurance business company whenever the designated person insured dies within the term of the insurance contract policy.

If the person dies within that period then the nominee is going to get the pension facility until the term is complete.

If the person dies within the specified term, the insurer pays the face value of the policy; if the term expires before death, there is no payout.

The chances of a young, healthy person dying within the next 10 or 15 years is so small that an insurance company can afford to let them pay around $ 20 a month for up to $ 500,000 of term insurance.

For example, a 20 - year term life policy will provide benefits to the surviving spouse if the person dies within 20 years from the start date of the policy.

If person dies due to accident within the term selected then does his family gets 1crore +54 lakhs = 1.54 crore or 1crore only?

If person die due to Cardiac attack within the term selected then does his family gets 46 lakhs or 1crore?

However, other people see it as getting your money back after initially paying double, versus paying half the premium, and never getting any of it back (unless you die within the term defined in the policy).

Term life insurance is a life insurance policy that provides a death benefit to the policyholder's beneficiaries if that person dies within the specified «term» of the polTerm life insurance is a life insurance policy that provides a death benefit to the policyholder's beneficiaries if that person dies within the specified «term» of the polterm» of the policy.