Not exact matches
Some
policies may worsen the problem - for example, arbitrarily rotating principals to other schools
after a
certain number of years to «reinvigorate» those leaders or having «a one - size - fits - all approach to principal succession.
However, permanent life insurance can be structured as an employee benefit, as the
policy, and its cash value, can be transferred to the insured
after a
certain number of years or at a particular milestone.
One way would be to purchase a permanent life insurance
policy which would be given to the employee upon retirement,
after a
certain number of years with the company, or based upon a
certain level
of performance.
In general, life insurance companies that know an insured has passed, but can not locate the beneficiaries
of the
policy, are required to turn over the benefits
of the
policy to the state's unclaimed property office if the benefits are not claimed
after a
certain number of years.
A term life insurance
policy works exactly how it sounds;
after purchasing coverage, or committing to pay for coverage on a regular basis, you receive life insurance for a
certain number of years, or a «term.»
It's usually a term
policy, which means the coverage expires
after a
certain number of years.
* All permanent
policies can be surrendered for their current cash value
after a
certain number of years, at which point the insurer pays the accumulated cash value minus any loans and fees.
They are never term life insurance
policies (term life plans are temporary life insurance
policies that expire
after a
certain number of years).
Some companies offer the option to purchase a whole life
policy that's paid in full
after a
certain number of years.
Many traditional life insurance
policies expire
after a
certain number of years, or at a specific age.
It's never a term life
policy that expires
after a
certain number of years.
Again, using U.S. health coverage as an example, under group insurance a person will normally remain covered as long as he or she continues to work for a
certain employer and pays the required insurance premiums, whereas under individual coverage, the insurance company often has the right not to renew an individual health insurance
policy, for instance if the person's risk profile changes (though some states limit the insurance company's rights not to renew
after the person has been under individual coverage with a given company for a
certain number of years).
Insider Tip: A term life insurance
policy is one that expires
after a
certain number of years.
However, if you'd prefer to have a
policy that could provide the cash value * to pay off debts and don't want to worry about it expiring
after a
certain number of years, you may want to consider a permanent life insurance
policy.
* All permanent
policies can be surrendered for their current cash value
after a
certain number of years, at which point the insurer pays the accumulated cash value minus any loans and fees.
It's usually a term
policy, which means the coverage expires
after a
certain number of years.
However, permanent life insurance can be structured as an employee benefit, as the
policy, and its cash value, can be transferred to the insured
after a
certain number of years or at a particular milestone.
This is because these
policies do not expire like term life insurance does
after a
certain number of years.
One way would be to purchase a permanent life insurance
policy which would be given to the employee upon retirement,
after a
certain number of years with the company, or based upon a
certain level
of performance.
Term life insurance
policies only cover the policyholder for a
certain, preset
number of years,
after which they expire and the policyholder will have to buy a new
policy, often at increased premiums due to advanced age.
A term life insurance
policy works exactly how it sounds;
after purchasing coverage, or committing to pay for coverage on a regular basis, you receive life insurance for a
certain number of years or a «term.»
Some whole life
policies can be paid up
after a
certain number of years.
Some
policies will not return any
of the premiums that you have paid if you cancel early, while others will refund a percentage
after a
certain number of years.
If for some reason, one ceases to pay premium
after a set minimum
number of years, then a free paid - up
policy may be secured with reduced sum assured, subject to
certain conditions
The Amulya Jeevan II Plan does not acquire any paid - up value
after any
number of years that is even if premiums are paid for a
certain number of years, say three
years, they need to be continued throughout the
policy tenure as failure to do so results in
policy lapse.
Another is that the
policy is permanent, unlike a term
policy which expires
after a
certain number of years, so the company is more likely to pay a benefit.
So, as on date, this feature is generally available only for traditional non-linked endowment based
policies wherein
after you pay a premium for a
certain number of years (usually three), the
policy acquires a surrender value.