Sentences with phrase «policy after a certain number of years»

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.