Sentences with phrase «policy during a specific period of time»
A convertible term life insurance policy can be converted by the owner into a permanent life insurance policy during a specific period of time, without requiring an exam or proving the insured is healthy.
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A Term Life policy offers coverage only if death occurs during a specific period of time, which coincides with the terms in which the insured member is required to make a monthly premium.
Also, if your boat policy specifies that your boat will be stored during a specific period, say for the cold weather months of November — February and you take the boat out for a ride during that time period; you have no coverage under your boat policy should an accident occur.
Often considered a temporary policy, term life insurance is only meant to cover you for a specific «term» or period of time during which the premiums may remain level.
A Term Life policy offers coverage only if death occurs during a specific period of time, which coincides with the terms in which the insured member is required to make a monthly premium.
The policy is valid for a specific period of time, and the payout is only awarded if the insured dies during the active term.
A waiting period is a specific period of time during which you can not avail maternity coverage under your health insurance policy.