Sentences with phrase «policy is in force during»

Compounded Reversionary Bonus is a percentage of the total of Base Sum Assured and the bonuses declared during first three policy years is vested only after the policy is in force during three Policy years.

The coverage provided by a life insurance policy is In Force during the policy period if the premiums owed for the coverage are paid up - to - date.

Not exact matches

In the recent advancing half - cycle, the speculation intentionally provoked by zero - interest rate policy forced us to elevate the priority of market internals to a far greater degree than was required during the tech and mortgage bubbles.

During the Vergara trial, parents forced the State of California to defend, under oath, laws and policies that are not in the best interests of students.

The latest results on the most important nationwide math test show that student achievement grew faster during the years before the Bush - era No Child Left Behind law, when states were dominant in education policy, than over the years since, when the federal law has become a powerful force in classrooms.

The National Association of Realtors, which had railed against FHA's policy for more than a decade, estimated that during 2003 alone, sellers and refinancers were forced to pay nearly $ 690 million in extra interest charges.

In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have been paiIn case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have been paiin force and all due premiums have been paid.

Level term policies guarantee to pay out a benefit when the policy is in force, and is also guaranteed to not go up in price during the level term period.

In case of an unfortunate event during the Policy Term, the sum of the following benefits will be payable to the Nominee, subject to the Policy being in forcIn case of an unfortunate event during the Policy Term, the sum of the following benefits will be payable to the Nominee, subject to the Policy being in forcin force:

Flexibility of withdrawing your savings anytime during the Flexi benefit period by modifying your Policy Term while the Policy is in force.

If the insured dies during the time period specified in the policy and the policy is active — or in force — then a death benefit will be paid.

In case of unfortunate event of death of the Life Insured during the Policy Term, the following benefits will be payable to the Claimant, subject to Policy being in forcIn case of unfortunate event of death of the Life Insured during the Policy Term, the following benefits will be payable to the Claimant, subject to Policy being in forcin force.

Immediate (again term usage varies by carriers) benefit means exactly what the term implies: Once approved the full amount of the policy is immediately in force and will be paid in its entirety should the insured die during the policy's active period.

This type of policy will pay out only a very limited benefit during the first few years the policy is in force, and then convert to a fully payable term life insurance policy for the remainder of the term.

That means that during the first two years of your policy being in force, if you die of health - related issues, your beneficiary will only get back your premiums, plus a small amount of interest.

In exchange, your coverage will be limited to a lesser dollar amount and your death benefits will be extremely limited during the first few years the policy is in forcIn exchange, your coverage will be limited to a lesser dollar amount and your death benefits will be extremely limited during the first few years the policy is in forcin force.

In the event of death of the Life Insured during the Policy Term, subject to the policy being in force, the Death Benefit payable shall be equal to the Sum Assured on deatIn the event of death of the Life Insured during the Policy Term, subject to the policy being in force, the Death Benefit payable shall be equal to the Sum Assured on Policy Term, subject to the policy being in force, the Death Benefit payable shall be equal to the Sum Assured on policy being in force, the Death Benefit payable shall be equal to the Sum Assured on deatin force, the Death Benefit payable shall be equal to the Sum Assured on death.

In case of death of the Life Insured during the Policy Term, the Sum Assured on Death will be payable to the Nominee or the Policyholder as the case may be, subject to Policy being in forcIn case of death of the Life Insured during the Policy Term, the Sum Assured on Death will be payable to the Nominee or the Policyholder as the case may be, subject to Policy being in forcin force.

Should a policy holder pass away during the «term,» or time frame, of the policy being in - force, a beneficiary (or beneficiaries) will receive the death benefit proceeds.

Reporting Incidents which may become Claims The advantage of reporting a potential claim during the policy period when it happens, no matter how insignificant it may seem, is that later, if it does turn into a «claim,» the insurance company should respond even if the policy is no longer in force.

If you die during your policy term and your plan is in force, your beneficiaries will receive your death benefit, which can go towards helping pay for college tuition and other expenses.

The low rate for high coverage reflects the very low risk that the insured was actually going to die during the length of time the policy was in force.

The group policy coverage you obtain through your employer can be a great benefit but has one important limitation — it may only be in force during the time you are employed at that company.

The length of time (usually 31 days) after a premium is due and unpaid during which the policy, including all riders, remains in force.

There are four difficulty levels including recruit, regular, hardened and veteran with the major differences between each difficulty level being less efficient in combat during recruit difficulty, although still having a fair capability all the way through to a shoot on sight policy with unbelievable accuracy, flanking and sneaking up behind your character, throwing a grenade in front of you to force you into concentrating on immediate evasive action instead of the imminent gunfire and even reacting to noise and nearby gunfire to quickly engage in further combat.

Throughout, we can also follow Judd's interest in the world around him — for instance, in Hans Haacke, in how galleries are forcing rents up in SoHo, in the German philosopher Jürgen Habermas, and in American foreign policy during the George H. W. Bush years.

An occurrence based policy responds to a claim for which the event creating the damage, or the damage itself, occurred during the time the policy was in force (i.e. within the start and end dates of the particular policy or renewal period).

Graded death benefit describes how a life insurance policy will not pay out if the applicants death occurs during the first two or three years from when the policy was initially placed in force.

This policy provides a graded benefit, which means that if death of the insured that is due to natural causes — in other words, death that is caused by means other than an accident — during the first two years in which the policy has been in force, the named policy beneficiary will only receive back all of the premiums that were paid in, plus 10 percent, as versus the face amount of the policy.

These policies do carry some level of risk in that the cash values can be lost during market downturns, but the policy will still stay in force as long as premiums are paid.

That extra allows you to increase the size of your death benefit at preset times, usually when you reach a certain age or your policy's been in - force for X numbers of years, or during major life events, like marriage or the birth of a baby.

If you were to die during the time period specified in your policy (and the policy remains in force), then a death benefit will be paid out.

During the grace period, the policy is still in force.

You buy a policy, and if you die during the time it's in force, your beneficiaries get paid out.

The Top - up premium is permitted any time during the policy term on the condition that the base plan is in force.

If the policy has been in force less than two years during the contestable period of the life insurance policy, then an insurance company may investigate the claim and then deny a claim for life insurance if suicide is the cause of death according to the NAIC.

The conversion rider should allow you to convert the term coverage to any permanent policy the insurance company offers with no restrictions (i.e., having to convert by a certain age during the first five to 10 years that the term policy is in force, or limiting partial or multiple conversions).

No Lapse Guarantee1 The policy is guaranteed to remain in force during the first five policy years if the total premium paid (less withdrawals and indebtedness) is at least equal to the cumulative monthly no lapse premium required.

Level term policies guarantee to pay out a benefit when the policy is in force, and is also guaranteed to not go up in price during the level term period.

Should a policy holder pass away during the «term,» or time frame, of the policy being in - force, a beneficiary (or beneficiaries) will receive the death benefit proceeds.

Most companies allow you to buy it anytime during the term of the policy, as long as the base policy is in force.

It should not be treated as a new policy because if you are forced to extend your stay in USA in the event of an emergency medical situation during your current policy period, you would need to renew your travel medical insurance policy.

During the first two years that this policy is in force, the death benefit is graded.

If you pass away during the term of your policy while coverage is «In Force», your beneficiary (you choose) will receive the death benefit proceeds from the life insurance policy, free from federal income tax.

A term life policy, which could be in force for 10, 20 or even 30 years, will be cheaper, because it does not have a savings or investment component, and it only pays out if the insured person dies during the time the policy is in place.

Generally, during the length of time that a term life insurance policy is in force, the premium will remain level, as will the coverage.

Similar to auto or homeowners insurance, a term life insurance policy provides a set amount of financial protection if the insured should pass away during the period of time that the policy is in force.

A policy can become a MEC when the combined premiums paid during the first 7 years that the policy is in force exceeds the 7 pay test premium.

On death of the Life Assured during the policy term, provided the policy is in - force as on the date of death and all due premiums have been paid, the nominee will receive higher of:

With a term life insurance plan, the policyholder's monthly payment is the same throughout a set time period — or «term» — such as 20 or 30 years, in return for a stated amount of death benefit protection should they pass away during the time that the policy is in force.