Sentences with phrase «policy are paid»

The proceeds from a life insurance policy are paid to the beneficiary on a tax - free basis, which provides a lump sum that can be used for a number of purposes.

Secondly, the plan offers an assured premium return, which means total premiums paid during the tenure of the policy are paid back to the policyholder.

Some of the other features of this type of policy are paid up additions and extended term option.

Usually, death benefits from a life insurance policy are paid directly to the beneficiary, free from any federal income tax.

When the policy matures, all accrued benefits as described in the policy are paid.

In the event that the key employee dies, the proceeds of the policy are paid to the business, usually tax free.

The family gets a lump sum upon the death of the parent, and the future premiums of the policy are paid by the insurance company on behalf of the policy holder.

The death benefits associated with the policy are paid to the listed beneficiary -LRB-'s) and there are no guarantees that its benefit will be sufficient when needed to pay for any particular goods or services nor that those goods or services will be provided by any particular provider.

The defining feature of this form of term life insurance is that the premiums paid over the life of the policy are paid back to policyholders at the end of their contracts if they are still alive.

If all the premiums under the policy are paid up to date, at maturity, the sum of all mortality charges (Life Cover charges), including mortality on Top - up SA, if any, deducted during the policy term will be added to the Fund Value.

The proceeds from a term life insurance policy are paid in a lump sum.

Here, the proceeds from the policy are paid to the company.

The policy is paid for and kept active by drawing on the cash value for its premium payments, not directly by regular premium payments.

For example, if you currently have a high income but low retirement savings, you may choose to pay a larger annual premium for the first 20 years to make sure the policy is paid off then build up your savings, as opposed to paying a lower premium for your entire life.

As Durham puts it, because UL policies are paying very low interest rates, some companies found that their UL policies did not earn enough credited interest to cover the expenses of the contracts.

The Falcons are one of the few teams in the country offering lacrosse scholarships and the policy is paying off.

In addition, as the ECO policy is paid for via a levy on consumer energy bills, those that don't benefit are only likely to see their energy bills increase.

Official government policy is that pay cap will continue until the end of the decade.

But Labour asked if the policy was paid for by «non-doms» then why were the Tories using the current economic problems as an excuse to ditch the plans?

And there is a valid debate about the method through which these policies are paid for — through bills, through taxation, or some other means.

Liberal Democrat MP and party spokesman on work and pensions Greg Mulholland said the news showed that coalition policy was paying off.

«Rebound effect» didn't happen Deron Lovaas, federal transportation policy director for the Natural Resources Defense Council, said the UMTRI findings show that federal policies are paying off.

Importantly, there is now direct evidence that the Washington, D.C., personnel policies are paying off.

Choose our Disablement Premium Waiver option, which pays the premiums of your pure life and dread disease policy on your behalf for a period of up to five years if you become disabled and the full cover amount of your disablement policy is paid out

Additionally, some insurance companies will also pay a dividend if fewer life insurance policies are paid out in a given year.

This policy is paid up at age 100, so you pay premiums until you die or reach 100.

One of the primary reasons is your policy is paid up and many of the fees associated with it are no longer taken, providing a higher return dollar for dollar.

Once that period has been fulfilled, your policy is paid up and you do not have to make another insurance premium payment.

After such time, your policy is paid - up, and no more payments are due.

The policy is paid - up at age 90, with endowment at age 121.

For example, if you currently have a high income but low retirement savings, you may choose to pay a larger annual premium for the first 20 years to make sure the policy is paid off then build up your savings, as opposed to paying a lower premium for your entire life.

Once your policy is paid, you can access its cash value in periodic payments, whenever you want (if your insurance needs decrease).

The policy is paid for and kept active by drawing on the cash value for its premium payments, not directly by regular premium payments.

At the end of the period, your policy is paid - up and you no longer need to make premium payments.

However, while the policy is paid by mortgage lenders, the cost is passed down to you, the consumer.

After enough premium payments, many policies are paid up.

When the insured person dies, no matter at what age, the policy is paid to their designated beneficiaries.

Especially if you don't know the roommates in advance, you should make sure that everyone's policy is paid in full for the year.

If you prefer to have a shorter premium paying period, some policies are paid up upon the death of the first person.

The policy is paid out, no matter how the policyholder dies, if that happens while the policy is still in effect.

Once your policy is paid in full, it remains in effect for your entire life.

Whether or not the policy holder dies, the face value of that policy is paid out in full.

As the outstanding principal of an installment - based policy is paid down by the issuer of an MBIA - insured obligation, less premium is collected and recognized by MBIA.

At the end of that time, the $ 500,000 face value of policy is paid out to them.

As an example, if a person has a $ 500,000 term life insurance policy, and a $ 250,000 whole life policy, and both policies are paid up, they have $ 750,000 in life insurance that is «in force.»

(2) in my latest policy i am paid two premius rs. 36000.

The couple also has two $ 500,000 whole life insurance policies they are paying $ 1,980 for annually.

Any amount owed over and above the initial $ 200,000 policy is paid out the injured party's underinsured motorist protection, if any.

Of course, you should note the type of policy you are paying for.

This is because vehicle owners who are required to purchase the standard auto insurance policy are paying for exactly this — «no - fault» protection (and don't even know it!).