Sentences with phrase «policy covers death»

Personal protection policy with ICICI Lombard for SA of Rs. 5 Lacs (this policy covers Death resulting from Accident 100 % of SA and Permanent Total disablement resulting from accident 100 % of SA) 9.

A life insurance policy covers death of the insured person resulting from an accident or natural causes.

This policy covers death benefits only and allows you to change your term insurance policy to a permanent insurance policy.

The policy covers death of individual and physical injuries.

This policy covers death by accidents, (not natural causes) and dismemberment, and generally pays for the loss of certain body parts such as loss of a limb, eyesight and paralysis.

All standard life insurance policies cover death by any cause at any time in any place, except for death by suicide within the first two policy years (one year in some states).

The only problem is that these policies will contain what is called a «graded death benefit» which will require that the insured remain alive for at least 2 years after the policy has been begun prior to the policy covering death due to natural causes.

Does your term insurance policy cover death due to a medical condition, accident or only covers natural death?

Yes, standard life insurance policies cover death resulting from an accident and natural causes, but not an intentional act.

All life insuance policies cover death by acts of terrorism because all life insurance policies cover death by any cause at any time in any place.

Most life insurance policies cover death by accident or natural causes.

Not exact matches

However, the policy only pays a death benefit if you die due to a covered accident, such as a plane crash or sudden fall.

Borrowing from your 401 (k) or life insurance policy reduces the money you've set aside to cover your retirement or help your loved ones deal with your unexpected death.

Survivorship Builder is a single policy covering two lives that pays the death benefit upon the second insured's death — an option that might prove beneficial to some, such as, providing an income tax free death benefit, liquidity for estate taxes and wealth transfer and supplemental income needs.

Permanent life insurance policies cover the policyholder for their entire life and build cash value beyond the death benefit.

A life insurance policy is cover that a person takes out, keeps up with the monthly premiums and in turn the insurer undertakes to pay their dependents / beneficiaries out upon their death.

In a term life insurance policy, you pay an annual premium that covers the risk of death during that year.

Borrowing from your 401 (k) or life insurance policy reduces the money you've set aside to cover your retirement or help your loved ones deal with your unexpected death.

A basic life insurance policy provides death benefits and is designed to cover loss of income, end - of - life expenses, funeral costs and other financial requirements your loved ones may have should you die unexpectedly.

Insurance policies that cover for credit accounts are very important because they are crucially useful during death times.

The death benefit a term insurance policy provides can cover bills, a funeral, the mortgage, and even college tuition.

Such policies cover wedding cancellations due to cases of extreme weather or a death in the family, plus damages to rings, gifts and attire — even costly rental equipment trashed by drunken guests.

A permanent insurance policy covers you until your death, regardless of age — so long as premium payments are up to date.

However, the policy only pays a death benefit if you die due to a covered accident, such as a plane crash or sudden fall.

The biggest need I found was folks wanting a whole life policy just enough to cover funeral expenses because they didn't think they would live the 10 years or so it took to pay in as much as the policy would pay out at death.

So, not only will your policy cover your life, it also will provide a death benefit in the case that one of your children passes away.

Final expense insurance is typically a permanent insurance policy with a small face value (often $ 5,000 to $ 25,000) since it's intended to cover limited expenses associated with your death.

Survivorship Builder is a single policy covering two lives that pays the death benefit upon the second insured's death.

So the decision may hinge upon how much death benefit the trustmaker qualifies for AND whether a long range term policy is available to cover the lifespan of the trustmaker.

Thanks to the acceleration of death benefit rider on his life insurance policy, however, Richard was able to get money to cover his huge medical expenses, allowing his wife and family to say goodbye without the specter of debt hanging over their heads.

Survivorship Builder is a single policy covering two lives that pays the death benefit upon the second insured's death — an option that might prove beneficial to some, such as, providing an income tax free death benefit, liquidity for estate taxes and wealth transfer and supplemental income needs.

For example, if you have a pre-existing condition and want a $ 350,000 death benefit to cover your mortgage, you will only be able to get this amount of coverage through a term life insurance policy.

Because the policy offers a $ 1 million death benefit and you already have a cash value of $ 500,000, the insurance costs must cover the remaining $ 500,000.

If the person covered by the life insurance policy dies within that term, the beneficiary (in this case, their parent) will receive a death benefit.

i am 35 year old with a family of three, me, spouse and baby Policy term; 30 year life cover: 1,00, oo, 000 accidental death benefit: 63,00,000, Critical illness benefit 10,00,000 Total premium for this plan is 18,332.

Accidental death due to roits etc, if they are covered or not, one needs to check in the policy wordings.

However, if the policy offers a graded or deferred benefit it can mean that death benefits are limited during the first few policy years or simply not covered if death is due to medical reasons.

If you are covered by a life insurance policy but your death falls under one of these exclusions, the insurance company may not have to pay out the benefit.

The annual dividend may be enough to cover your annual premium, allowing you to continue to grow your policy's death benefit and cash value, without having to make a premium payment ever again.

The Company's LTC rider allows access to the policy's death benefit to cover costs associated with long - term care services due to chronic illness or severe cognitive impairment, such as Alzheimer's Disease.

Just like it sounds, a term insurance policy covers a defined period of time while a permanent life insurance policy is with you until death, as long as you pay the premiums.

Employers have policies referred to as key man policies that cover particularly significant employees in the event of their death.

A Life policy at its most basic level is a contract between you and the insurance company to pay a sum of money to your beneficiaries in the event of your death, to cover expenses and make up for the lack of your income.

But because it is life insurance, it also provides an accelerated death benefit that allows you to access your death benefit if you are diagnosed terminally ill, with some whole life insurance policies also covering chronic illness and long - term care.

Terminal illness cover is designed to cover you if you die or are diagnosed as being terminally ill during the policy term, and in the opinion of your hospital consultant and our medical officer, the illness is expected to lead to death within 12 months.

This Insurance is a dedicated - purpose policy that will cover any outstanding balance on your Prepaid Plan in the event of your death.

ILIT for estate tax planning with an ILIT, the life insurance policy can grow within the trust and outside of our trustmaker's estate, thereby limiting federal estate tax exposure AND a portion of the life insurance policy death benefit can be used to cover estate taxes.

The policy reimburses owners of stolen animals, and pays a death benefit if an animal dies during transport or other covered events.

Take a mortgage insurance policy if you already have life insurance to cover general expenses associated with your death, or to supplement a life insurance policy through your employer.

In the event of the death of the policyholder under the specified policy terms, beneficiaries may choose to use financial proceeds to cover many areas, including: