Sentences with phrase «policy at an advanced age»

To resolve the dilemma, permanent insurance policies are typically structured as «endowment» policies that are meant to mature at the face value of the policy at an advanced age — e.g., age 100.

According to Yashish Dahiya, CEO of policybazaar.com, ideally, if you take such a policy at an advanced age, it can help you to contribute a larger amount towards your retirement or pension amount, which will be more useful if you outlive the policy.

Not exact matches

In its 2012 Policy Statement on Baseball and Softball8, the AAP acknowledges the recent studies challenging the theory that the curveball and slider are stressful to the young elbow, but, on the basis of other studies showing increased injury among those who throw curve balls and sliders at early ages, continues to recommend that introduction of the curve ball be delayed until after age 14, or when pubertal development has advanced to the stage when the athlete has started to shave, and that sliders not be thrown until age 16.

James Dodson, a mathematician and actuary, tried to establish a new company aimed at correctly offsetting the risks of long term life assurance policies, after being refused admission to the Amicable Life Assurance Society because of his advanced age.

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.

James Dodson, a mathematician and actuary, tried to establish a new company that issued premiums aimed at correctly offsetting the risks of long term life assurance policies, after being refused admission to the Amicable Life Assurance Society because of his advanced age.

For instance, if you are at an advanced age and nobody is relying on the death benefit of your policy, it might make sense to take out a loan with the knowledge that it will ultimately be covered by the death benefit on the contract if you don't pay it back.

So buying life insurance policy at an early stage will give you a large sum assured in comparison to policy taken at an advanced age.

So by buying a term insurance policy at an age of 28 years he was able to save on the premium amount in comparison to what he had to pay at an advanced age.