Sentences with phrase «placed inforce»
If Jane stops climbing mountains five years after her policy is placed inforce, or activated, she can ask the insurance company for a reconsideration.
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Once a policy is approved and placed inforce, however, the insurance company no longer has the right to disapprove if you decide to make a beneficiary change.
Your roommate could purchase a life insurance policy on themselves and then after it is approved and placed inforce (activated, in other words) he or she can name you a beneficiary.
Once a policy is approved and placed inforce, however, the insurance company no longer has the right to disapprove if you decide to make a beneficiary change.