Sentences with phrase «policy holders choose»

What's worse, insurance companies take advantage of the fact that once policy holders choose a particular company; it's highly unlikely they would move to another company.

In addition to switching providers and taking advantage of available discounts, some policy holders choose to lower their premiums by altering their policies.

But some policy holders choose to take on more extensive coverage in their Aurora automobile insurance plans.

Depending upon the amount of premium the policy holder chooses to pay, the cash value account can build value.

Each type of insurance is very different and should not be confused when the policy holder chooses the right one for their particular needs.

When the policy holder chooses the level death benefit, the value of the pure insurance component decreases over time to keep the death benefit the same while the policy's cash value increases.

If the policy holder chooses the increasing death benefit option, the pure insurance component will remain the same over time; so as the policy's cash value increases, the death benefit increases.

The average policy holder chooses a comprehensive long term insurance policy that will pay out for 4.8 years at $ 160 / day and includes an inflation protection rider.

All life insurance policies are required to calculate a CSV due to the Nonforfeiture Provision, which means that the life insurance policy always has a value, even when the policy holder chooses not to use it for its original purpose (payout upon death).

When the policy holder chooses the plan and its premium, he should take into consideration the expenditure of his family and the amount they will require every month.

If the policy holder chooses to use the proceeds from the investment pool to make premium payments, the cash value will not grow as quickly.

Since the policy holder chooses the investments for the cash values, they assume the investment risk inherent to the contract.

This means that the policy's cash value as well as the death benefit can fluctuate with the performance of the investments that the policy holder chose.

Not exact matches

The failure here is not primarily one of technology but of the way that rights holders have chosen to apply the technology, and perhaps even of the legal and public policy frameworks that have allowed this to take place.

Within the arena of whole life insurance, policies mostly differ in terms of the «bells and whistles» attached and what the company chooses to offer policy holders.

However, rather than having premiums that are paid for the rest of the policy holder's life, the policyholder instead chooses to pay for only a set period of time such as for 10 years, 15 years, or until he or she reaches age 65.

Most variable universal life insurance courses will allow a policy holder to choose either a level death benefit, or one that includes the account value.

Because of this, policy holders can choose the option that best fits their needs — and, they may also be able to change or alter their coverage as their needs evolve.

IUL policies have a crediting strategy that is based on a variety of market indexes, usually chosen by the policy holder as an option.

For example, policy holders can typically choose from a variety of different investment vehicles from both the fixed income and the equity investment markets.

Travel Weekly notes that Virgin Atlantic's current policy allows economy passengers to select their seats starting 24 hours before departure; Economy Light ticket holders, on the other hand, will not get to choose where they sit, and they will be given their seat assignment when they check in.

The policy holder may also be able to choose when the premium is due.

Policy holders may also choose monthly payment plans that offer them the flexibility to make payments in 5 installments with an initial low down payment.

One reason for this is because the policy holder is allowed — within certain guidelines — to choose how much of his or her premium will go towards the policy's death benefit, and how much will go into the policy's cash value.

In the future I hope that there will be more saving opportunities for current policy holders, because many companies tend to focus most of the savings on new customers, but I believe I made the right choice with choosing you guys for my car insurance.

For the car accidents or disaster situations where there is a lot of damage, most insurance policy holders will choose to file a claim and pay the deductible, rather than take on the entire financial burden of the loss.

Life insurance is financial coverage that pays a specified amount of money to a chosen beneficiary upon the death of the main policy holder.

It offers policy holders the flexibility to choose fund options and also feature an in - built range of funds that range from aggressive to constructive.

For example: Policy holder has chosen a deductible amount of Rs 1 lac on sum insured of 10 lacs.

Understanding the different needs of policy holders Future Health Suraksha provides four different plans which gives the facility of choosing the plan of your needs.

ULIPs offer policy holders the flexibility to choose fund options.

Thus it is very important not to have any lapses in coverage, especially while you are working on paying off a car, because the policies typically chosen by these lien holders are very typically a lot more expensive than the prevailing market rates.

Depending upon the performance of the unit linked fund (s) chosen; the policy holder may achieve gains or losses on his / her investments.

It also allows policy holders to choose among 4 portfolio strategies and make unlimited switches between funds (from 8 available funds).

It has the features of both a term and whole life insurance which allows policy holders to choose varying payment methods and coverage every year while adjusting its interest on a monthly basis.

Since liability auto coverage does not protect the policy holder's own vehicle against damage or the covered driver from the cost of medical treatment, these are two areas many auto owners choose to address in their Pennsylvania car insurance coverage.

This will differ substantially from ownership of a whole life or a universal life insurance policy, where the underlying funds are typically chosen for the policy holder by the insurance carrier.

This type of policy is considered to be more flexible than whole life, though, because the policy holder may choose — within certain parameters — how much of the premium will go towards the policy's death benefit, and how much will go into the cash value.

It is always beneficiary for the policy holder to choose an auto insurance policy which would cover the maximum amount of ruins in case of physical injuries and materialistic damages for not only the driver or policy holder but also other passengers.

Typically, the policy holder has the option of choosing from a very wide variety of different investment options within this separate account.

For example, policy holders can typically choose from a variety of different investment vehicles from both the fixed income and the equity investment markets.

And moreover, it is advised that while choosing the car insurance choose the one which covers maximum damages and injuries of not only the driver or the policy holder but also the other passengers present in the car while the accident.

Universal Life Insurance — Universal life insurance allows policy holders both death benefit and cash value — however, these policies are much more flexible than whole life in that policy holders can choose when to pay their premiums, as well as how much to pay.

Policy holders have an option to choose to either digitise their policy or to have it in the existing fPolicy holders have an option to choose to either digitise their policy or to have it in the existing fpolicy or to have it in the existing format.

American General also recognizes different people prefer different styles of policies for their different aversions to risk, so they've offered the Elite Survivor Index II, which boasts multiple options for the policy holder to choose from.

This flexibility in premium allows the policy holder to choose a lesser amount of premium that can guarantee coverage for a reduced duration such as coverage to the insured's age 100.

This flexible premium allows the policy holder to plan a premium payment over the number of years that he or she chooses.

There is a large variety of life insurance policies on the market to meet a wide range of policy holder needs, and choosing the best coverage for your specific situation depends on several factors including income, dependents, and additional financial priorities.

This is because the policy holder — within certain guidelines — may choose how much of the premium will go towards the death benefit, and how much will go into the cash value portion of the policy.

In case of term insurance policies, the beneficiaries of the policy holder are only entitled to receive benefits if the policy bearer passes away within the term or period of time that was chosen for their insurance coverage.