Sentences with phrase «policy anniversaries without»

This benefit can be used for insured's up to age 33 and it allows them to purchase additional coverage at certain policy anniversaries without proof of insurability.

Policy holders have the option of increasing sum assured by 5 % or 10 % simple per annum on every policy anniversary without increase in premium.

Not exact matches

If the disability starts before the policy anniversary when the insured is age 60 and the disability continues without interruption to age 65, then all future premiums are waived.»

With this policy, the policy owner does have the option of converting the term life insurance policy over to a new permanent life insurance certificate — without having to prove evidence of his or her insurability — until the earlier of the certificate anniversary on which the insured is age 65, or 5 years prior to the end of the initial term period.

If the disability starts before the policy anniversary when the insured is age 60 and the disability continues without interruption to age 65, then all future premiums are waived.»

The Survivor Purchase Option allows the Survivor to purchase a new permanent policy without evidence of insurability at the first death of the insureds, and is available for 90 days if the first death of the insureds has occurred prior to the policy anniversary in which the Survivor is 75.

You may even be able to find a policy that comes with a special rider that will allow you to raise your death benefit at specified anniversaries without medically qualifying for the increase.

With this policy, the policy owner does have the option of converting the term life insurance policy over to a new permanent life insurance certificate — without having to prove evidence of his or her insurability — until the earlier of the certificate anniversary on which the insured is age 65, or 5 years prior to the end of the initial term period.

Flexibility to alter your Basic Sum Assured on policy anniversaries, and that too without any change in premium, so as to keep it relevant with the different phases of your life, subject to limits and underwriting

Option II - Increasing Sum Assured: On selecting this option, you are given an opportunity to increase your sum assured on every policy anniversary by 5 % simple p.a. or 10 % simple p.a. of the initial sum assured, without any corresponding increase in your premium amount