Sentences with phrase «policy is in effect»

The policy is in effect for as long as the owners or their heirs own the property.

The CDAA Malpractice Insurance Policy is in effect from February 1st to January 31st and can be renewed on an annual basis.

As long as the policy is in effect, money put into the policy is tax - deferred, but if the policy does not proceed to maturity, that money is considered a taxable income.

Declining term life insurance has a lower payout the longer the policy is in effect.

Whole Life: Fixed premiums as long as policy is in effect with guaranteed cash accumulation value

Once the policy is in effect, if you die, the company will pay your beneficiaries the full death benefit.

The reasoning is that you were not a smoker at the time the policy was issued, and the premiums were based on your health at that time, not your current health, so taking up the habit after your policy is in effect will not have any adverse effects.

Moreover, as per IRDAI guidelines, if the insured has made all disclosures, the company can't reject the claims basis non-disclosure if the policy is in effect for two consecutive years.

If a problem or pollution event occurred after that date and the policy is in effect, you should expect to be covered.

The insurance of an individual's life through a policy that pays a certain amount of money if that person dies while the policy is in effect.

Term life insurance provides a payout (a death benefit) to your beneficiaries if you pass away while your policy is in effect.

Like standard term life, the policy is in effect for a period of time, and the premiums are guaranteed to stay consistent during that term.

In general, premiums are smaller and guaranteed not to change, and are paid for as long as the policy is in effect.

Allowances for misstatement of age are given, and may be corrected without penalty at any time while a policy is in effect.

This type of coverage is exactly what it sounds like — permanent; the policy is in effect until you pass away.

This means that if you buy term life insurance for a 20 year term, then your life insurance policy is in effect for those 20 years.

During the first two years your policy is in effect, an insurer can investigate a claim.

Many life insurance companies will let you lower the coverage and in turn lower your premiums while the policy is in effect.

If your term life policy is in effect, you do have a few things to consider once you qualify for Medicaid, even though your life insurance policy does not count as an asset.

You can do this anytime while your life insurance policy is in effect by contacting your insurance company or you can make the designation on your policy application.

The term is the amount of time the insurance policy is in effect.

Binder: A temporary agreement declaring that the policy is in effect.

It does have a cash value, and premiums can not fluctuate during the time the policy is in effect.

If you're unhealthy, there's a bigger chance that you could die while your policy is in effect.

Allowances for misstatement of age are given, and may be corrected without penalty at any time while the Utah State Life Insurance policy is in effect.

Term life insurance promises to pay a set amount if you die while the policy is in effect.

The policy pays a death benefit to your beneficiary only if you (the insured) dies during the time or period the policy is in effect.

Allowances for misstatement of age are given, and may be corrected without penalty at any time while the policy is in effect.

Incorrect age information may be corrected without penalty at any time while the Pennsylvania State Life Insurance policy is in effect.

A temporary agreement stating that an insurance policy is in effect, often used to protect the insured when policy documents can't be issued immediately.

The injury that leads to the claim may occur before or during the policy period, but the claim must be made while the policy is in effect.

If that individual were to pass away while the policy is in effect then the benefactor would receive the face value of the policy.

With a few exceptions that vary by state, most coverage options can be changed while your policy is in effect.

The Conditions section also describes rules and procedures the insurer promises to follow while the policy is in effect.

It must be in effect prior to the start date of your Liaison Majestic policy and continue as long as this policy is in effect.

Depending on the type of policy you choose, after the policy is in effect and has been for many years, there are various things that can be done to adjust, including lowering the premiums.

Unlike term or whole life, universal policies also let you adjust the size of the death benefit while the policy is in effect.

The total sum will remain the same throughout the entire time your policy is in effect.

Term life insurance premium rates are locked in for the entire time that the policy is in effect.

The policy itself is in effect until your death, even after you've paid all the premiums.

Yes - you can cancel your current policy and be refunded a prorated portion of your premium; however, make sure your new insurance policy is in effect before cancelling to avoid any coverage gaps.

A perceived gap in insurance coverage — when a TNC's commercial insurance policy is in effect and when a driver's personal auto policy will be expected to cover any unplanned incidents — has the insurance industry standing its ground.

The Hospital stay is the direct result, from no other causes, of Injuries sustained in a Covered Accident, or Sickness that occurs while the Policy is in effect.

With a level premium term life insurance policy you are locking in the rate and will not have any surprises, or rate adjustments while the policy is in effect.

DO N'T Let Your Policy Lapse: Once the key man policy is in effect, pay your premiums when due.

Another thing to keep in mind when shopping for term life insurance is that the policy is in effect for only a specified period of time — known of course as the term.

If the named insured shown on the coverage summary page, his / her spouse, or their dependent children suffer an accidental death arising from the use or operation of the insured watercraft while this policy is in effect, and provided that the death occurs within 12 months of the date of the accident, we will compensate the estate of the deceased person as follows:

If you don't die while the policy is in effect, it may seem like all those premium payments were for nothing.

You purchase basic term life insurance for a set period, say 20 years, and the insurer pays a lump sum to your beneficiaries should you die while the policy is in effect.

Life insurance is priced on how likely you are to die while a policy is in effect, so if you're older, ill, on certain meds, a smoker, etc. it's going to up your premium.