Sentences with phrase «point during the life of the policy»
A convertible term life insurance policy allows you to change it to a permanent policy at some point during the life of the policy.
https://www.lifeinsurance.org/
Many term life policies do allow prorated refunds at some point during the life of the policy, during the insured's lifetime, although such refund is usually «short rated», that is, it is significantly less than the imputed value of the refund if calculated using conventional tables, using the rate of return specified in the insurance contract.
Not exact matches
In an article written by NPR health policy correspondent Patti Neighmond, Dr. Nicolas Stettler, a pediatrician at Philadelphia's Children's Hospital, points out that formula - fed babies often gain weight quickly during the first months of life.
At certain points during the period of coverage, you can convert your term policy to a permanent life insurance policy (such as a whole life insurance policy or universal life insurance policy) and premiums are determined by your original health rating.
The AARP offers term life insurance coverage for members between the ages of 50 to 74 and policies can be converted into a permanent life insurance policy at any point during coverage.
Convertible term life insurance is simply a term policy that can be converted to a whole policy at any point during a specified period of time (typically several years) without you having to undergo a new health assessment.
The AARP offers term life insurance coverage for members between the ages of 50 to 74 and policies can be converted into a permanent life insurance policy at any point during coverage.
Moreover, the sum assured payable on death will not be reduced at any point of time during the term of the policy except where partial withdrawals have been made during the two - year period immediately preceding the death of the life assured.
However, it is also possible to «back - load» the cost of the policy by choosing lower premiums during the first few years of the policy's life; the premiums increase each year to a set point and then remain consistent for the duration of the policy.