Sentences with phrase «policy anniversary prior»

The survival benefit payment is paid at the end of the premium paying term and on successful completion of every subsequent year till the policyholder survives or policy anniversary prior to the date of maturity.

Not exact matches

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.

For example, if you purchased a policy with a 25/50/100 three year grading provision and you were to pass prior to the second anniversary of the policy your beneficiary would receive 25 % of the face amount benefit.

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.

Child Coverage Age — The earlier of the day prior to policy anniversary on or after child's 25th birthday or insured's 75th birthday.

This coverage automatically terminates on the policy anniversary when you attain age 60, unless disability occurs prior to that time.

1If requested prior to the earlier of the end of the initial term period or the policy anniversary following the insured's 75th birthday, the policyowner can convert the term policy to the permanent life insurance policy that we make available for conversion on that date in the policy's state of issue.

This rider coverage automatically terminates on the policy anniversary when you attain age 60, unless disability occurs prior to that time.

This rider coverage automatically terminates on the policy anniversary when you reach age 60, unless disability occurs prior to that time.

The frequency change will be effected in our records within 2 working days after receipt of the request and complete documents at our branch subject to the request being received 15 days prior to policy anniversary date.

The company will inform the policy holder about the change in premium at least 30 days prior to the policy anniversary date.

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.

The mode of annuity payment can be changed on any policy anniversary by submitting a written request at least forty - five days prior to the policy anniversary date.

Conversion to a permanent life policy available prior to policy anniversary following the insured's 70th birthday

Change in Sum Assured is available at each policy anniversary, starting from the 6th policy year, on giving 2 months prior notice to the company.

Date of commencement of risk In case the age at entry is less than 8 years, the risk will commence either one day prior to the completion of 2 years from the date of commencement of policy or one day before the policy anniversary coinciding with or immediately following the completion of 8 years of age, whichever is earlier.

This option can be exercised by intimating the company in writing at least 2 months prior the policy anniversary.

At any policy anniversary, you can change your portfolio strategy by giving a 30 - day prior written notice.

You have the option to increase or decrease the sum assured any time during the policy term, by giving prior notice to the company 30 days prior the policy anniversary.