Sentences with phrase «policies are active»

Most term policies are active for a period of 10 to 30 years, a time in which no cash value accrues.

Both policies are active during the first 20 years, providing a death benefit totaling $ 1,000,000.

Term life policies are active for a defined duration of 1 to 30 years.

I spoke with representatives and both policies are active.

The policy is active for a certain number of years (the term), at which point it expires.

If the insured dies during the time period specified in the policy and the policy is active — or in force — then a death benefit will be paid.

If the policyholder dies while the policy is active, the insurer pays out a tax - free lump sum of money — the death benefit.

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

That's how long the policy is active, because term life policies automatically expire after a set number of years.

Life insurance policy is a contract between the insurers or insurance provider wherein a lump sum amount is promised as a death benefit to the beneficiary in the event of the policyholder's death, provided the policy was active and the premiums were paid till the insured's death.

Once the policy is active, they pay what they say they will, no hassles, no arguments.

Basically, what this means is that as long as your professional indemnity insurance policy is active, any claim made against you regardless of the time the work was carried out will be covered by your insurance policy.

Certain Death Benefit: Beneficiaries are generally guaranteed a death benefit no matter when the insured dies, so long as the policy is active.

The premium paid will be lower in comparison to a life insurance plan, and the sum assured paid will be higher if the insurer passes away when the insurance policy is active.

That's how long the policy is active, because term life policies automatically expire after a set number of years.

You are given the regular monetary benefits while the policy is active, with such amount not having any impact on the death benefit.

After 5 years of the policy being active, one can make partial withdrawals to address any liquidity requirements that may arise.

Your policy is active as soon as you make the first premium payment, and the benefit is, too.

If you die while the policy is active, the life insurance company pays your beneficiaries a lump sum of money called a death benefit.

However, having this information available when you quote can help notify all affected parties once your policy is active.

A $ 500,000 term life insurance policy is designed to provide the face amount of $ 500,000 of protection in the event of your death while the policy is active.

With term life insurance, you pay premiums for as long as the policy is active, be that 1 year, 6 years or 25 years.

Policy Year / Policy Term: The period in which your policy is active.

If the policy is active when you die, your beneficiaries will be given the stated death benefit.

Immediately find out if your policy was active at the time of the accident.

Term life insurance for children provides death benefits if your children die while the policy is active.

The SR 22 filing will make it so your car insurance notifies the state your policy is active, usually it is required for a 3 year period.

If you pass away while the policy is active, then your beneficiaries get the amount for which you're insured.

Once your policy is active the collateral assignment will be submitted to the carrier.

So, in case the insured dies while the policy is active the beneficiary can claim complete or at least the guaranteed maturity sum whichever is higher., The guaranteed maturity value is calculated based on gender, age, tenure and amount of premium.

If the policyholder expires when the policy is active, the beneficiary will be eligible of making death benefits claim from the insurer.

If there is an unforeseen event while your insurance policy is active, then you get coverage.

Similar to regular life insurance policies, beneficiaries will receive death benefits when the insured dies while the policy is active.

All you need to do is to ensure that you have paid all your due premiums on time and your policy is active on the date of payment of Loyalty Additions.

Your term life insurance premiums guarantee one very specific thing: a set death benefit payout in the event of your death only while your policy is active.

In such a case, a policyholder assumes that the policy is active but in reality it is inactive.

The policy is active for a certain number of years (the term), at which point it expires.

If you pass away within the number of years the term policy is active, than the beneficiary would submit a claim.

Survival Benefit: Provided the policy is active, the guaranteed monthly income shall be payable monthly starting from the end of the next month after the completion of the premium payment term.

Participation in Profits benefit: This plan is eligible to participate in corporation's profits and receive Simple Reversionary Bonuses or any final additional bonus when a claim is made either by death or maturity provided the policy is active.

At the time of maturity, the policyholder shall be paid sum assured along with guaranteed pay - outs up to 8.5 - 9.5 % provided all the premiums are paid and policy is active

Provided all premiums are paid and policy is active, the insured is allowed partial withdrawals for the policy and fund value, after the policy has completed 5 years

Guaranteed Money Back Option: If the policy is active and all premiums are paid till the premium payment term ends, a percentage of the sum assured on maturity will be paid at the end of year.

They provide cover for a specified period, and if the insured person dies while the policy is active, the nominee receives the claim amount.

If you die while the policy is active (within that 25 year period), your beneficiaries get $ 500,000 in a lump sum, tax free.

Should you pass away while the policy is active, then the insurer pays the full death benefit to the person you named as your beneficiary.

You might be given a binder which is a certificate of proof that your policy is active while you are waiting for the official policy to arrive.

The damage and possible injury that you caused you should covered under your liability coverage, assuming your policy is active and up to date.

If the insured dies during the time period specified in the policy and the policy is active - or in force - then a death benefit will be paid.

Most guaranteed life insurance policies also provide a graded benefit in the first two years the policy is active — meaning that if a policyholder dies prior to that milestone date, the company will simply refund the annual premium, plus interest on the payments.