Sentences with phrase «policy dies within the term»

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.

Under this benefit, in case the holder of the policy dies within the term of the policy than the sum assured on death plus simple reversionary bonuses and the Final Additional Bonus is there then it will be given.

Not exact matches

As the name implies, term life insurance will provide a death benefit if an individual dies within the policy's term, up to 20 years typically.

Term life insurance is a life insurance policy that provides a death benefit to the policyholder's beneficiaries if that person dies within the specified «term» of the polTerm life insurance is a life insurance policy that provides a death benefit to the policyholder's beneficiaries if that person dies within the specified «term» of the polterm» of the policy.

If the insured dies within this term (10, 15, 20, 25, 30, or 35 years), the life insurance company pays a lump sum death benefit to the policy's beneficiaries.

If the policyholder dies within the predetermined term, the policy beneficiary will receive a payout.

Term life insurance is a type of life insurance that only pays out a death benefit if the policyholder dies within the term of the polTerm life insurance is a type of life insurance that only pays out a death benefit if the policyholder dies within the term of the polterm of the policy.

Term life insurance pays a death benefit to the policy beneficiary if the policyholder dies within the term of the polTerm life insurance pays a death benefit to the policy beneficiary if the policyholder dies within the term of the polterm of the policy.

Term life insurance policies are temporary and only pay out a death benefit to the beneficiary if the policyholder dies within the term of the polTerm life insurance policies are temporary and only pay out a death benefit to the beneficiary if the policyholder dies within the term of the polterm of the policy.

Your payment is fixed for the entire length of the policy and the amount of the payout to your loved ones — if you were to die within the term — is fixed when you buy the policy.

Term life insurance policies pay a death benefit if the insured person dies within the policy term, such as 10, 20, or 30 yeTerm life insurance policies pay a death benefit if the insured person dies within the policy term, such as 10, 20, or 30 yeterm, such as 10, 20, or 30 years.

A term policy covers the insured for a stated period of years and pays a benefit only if the insured dies within that term.

If you die within the term and there is a loan against the policy, your beneficiaries will receive the death benefit minus the loan plus interest.

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.

Term life coverage means that the face value of your policy will be paid to your beneficiary if you die within the term period and not afterward — unless the term policy is renewed upon its expiration, which almost always means higher premiTerm life coverage means that the face value of your policy will be paid to your beneficiary if you die within the term period and not afterward — unless the term policy is renewed upon its expiration, which almost always means higher premiterm period and not afterward — unless the term policy is renewed upon its expiration, which almost always means higher premiterm policy is renewed upon its expiration, which almost always means higher premiums.

And here's the bottom line: all life insurance policies promise to pay an agreed - upon sum of money should you die while your policy is in - force (that is, while you're paying your premiums on time and while you're still operating within the terms of your contract).

Term life insurance is purchased for a defined period; if you die within that period, your family will receive the money from your life insurance policy.

And if he doesn't die within that term policy timeframe, 20 years let's say, but he's saved X amount of dollars throughout, because he didn't have a larger premium to put in the insurance policy, and then now he's got this bag of money, then the child can have the bag of money.

If the person taking out term life insurance dies within the time that the policy is active, beneficiaries get their due.

If the policyholder dies within the term of the policy — and the policyholder has paid the premiums and the policy is in good standing — the insurance provider will pay a death benefit to policy's named beneficiaries.

After all, life insurance is based on risk factors, and the older that you are the greater the risk you present to the insurance company of dying within the term of the policy.

You choose the length of the coverage, also called the «term» of the policy (Term 10, Term 20, Term 50) in years, and if you die within this time period, your beneficiaries will receive the coverage amoterm» of the policy (Term 10, Term 20, Term 50) in years, and if you die within this time period, your beneficiaries will receive the coverage amoTerm 10, Term 20, Term 50) in years, and if you die within this time period, your beneficiaries will receive the coverage amoTerm 20, Term 50) in years, and if you die within this time period, your beneficiaries will receive the coverage amoTerm 50) in years, and if you die within this time period, your beneficiaries will receive the coverage amount.

The premiums are much lower and the credit requirements of the purchaser also less stringent because the customer is assuming a greater risk than with a whole life policy — that if they die it will be within the pre-specified term.

For their beneficiaries to receive death benefits, traditional term life insurance policyholders must die within the specified term of their policy.

A no medical exam term life insurance policy protects the policyholder if they die within the specified period (such as 10, 15, 20, 25, or 30 years).

It pays the full face amount of the policy in case the insured dies within the term (coverage period), but pays nothing if the insured outlives the policy.

Term life insurance policies pay a death benefit if the insured person dies within the policy term, such as 10, 20, or 30 yeTerm life insurance policies pay a death benefit if the insured person dies within the policy term, such as 10, 20, or 30 yeterm, such as 10, 20, or 30 years.

A term life insurance policy is quite simple; if you buy a $ 250,000, 10 - year policy, your beneficiaries receive $ 250,000 if you die within the 10 year period of the policy.

With a traditional term life insurance policy, you do not receive any premiums back if you do not die within the term.

Such policy articulates the person who will obtain the proceeds, which is the amount of the death benefit, from the insurance business company whenever the designated person insured dies within the term of the insurance contract policy.

Term life insurance, which pays out a tax - free lump sum if the policyholder dies within the policy period, is an inexpensive way to protect your family's financial future.

A term policy covers the insured for a stated period of years and pays a benefit only if the insured dies within that term.

As you search for a lost policy, keep in mind that if it was a term life insurance policy, then you as the beneficiary collect the benefit only if the insured person died within the term.

For example, if you purchase a ten - year term policy, your beneficiaries would receive the proceeds of your plan if you died within those ten years.

If the person dies within the specified term, the insurer pays the face value of the policy; if the term expires before death, there is no payout.

It is a life insurance benefit wherein the proceeds are payable to the beneficiary only if the insured dies by accident within the policy term.

Term life insurance policies are temporary and only pay out a death benefit to the beneficiary if the policyholder dies within the term of the polTerm life insurance policies are temporary and only pay out a death benefit to the beneficiary if the policyholder dies within the term of the polterm of the policy.

If the policyholder dies within the predetermined term, the policy beneficiary will receive a payout.

It's simple; if you die within the term you chose when you bought the policy, then your beneficiaries receive the payout.

Term life insurance pays a death benefit to the policy beneficiary if the policyholder dies within the term of the polTerm life insurance pays a death benefit to the policy beneficiary if the policyholder dies within the term of the polterm of the policy.

Term life insurance provides coverage for a specific period of time and pays out a death benefit to the beneficiary if the policyholder dies within the term of the polTerm life insurance provides coverage for a specific period of time and pays out a death benefit to the beneficiary if the policyholder dies within the term of the polterm of the policy.

If the insured dies within the term of coverage, the insurance company will pay out the designated dollar amount equal to the face value of the policy to the beneficiaries named in the contract.

If you have a term policy and die within the term, your beneficiaries receive the payout.

If the insured dies within the first two years after the policy is issued, a limited death benefit may be paid subject to the terms of the policy.

Your payment is fixed for the entire length of the policy and the amount of the payout to your loved ones — if you were to die within the term — is fixed when you buy the policy.

Term life insurance is a type of life insurance that only pays out a death benefit if the policyholder dies within the term of the polTerm life insurance is a type of life insurance that only pays out a death benefit if the policyholder dies within the term of the polterm of the policy.

With a 30 year term life insurance policy, your beneficiaries will be protected should you die within that predetermined time period.

A term life insurance policy differs from whole life policies in that the insured's beneficiaries only receive protection or coverage if their loved one dies within a pre-set term.

Term life pays a death benefit to any beneficiaries you choose, such as your spouse, if you die within the policy's tTerm life pays a death benefit to any beneficiaries you choose, such as your spouse, if you die within the policy's termterm.

If you die within the term and there is a loan against the policy, your beneficiaries will receive the death benefit minus the loan plus interest.