Sentences with phrase «policy owners end»

Usually policy owners end up paying a chunk from their own pockets.

One of the great performers in the life insurance industry recently did that and because they were unable to fulfill their obligation to their policy owners ended up in the courts and lost.

Not exact matches

Outside its practice of lightings for Christmas, Easter, Hanukkah and Eid al - Fitr (the end of Ramadan), the Empire State Building «has a specific policy against any other lighting for religious figures or requests by religions and religious organizations,» ESB owner Anthony E. Malkin said in a statement.

That is not the same as whether policy should strongly encourage and incentivise a range of different approaches, and how, or whether owner occupation should be particularly incentivised for specific social ends.

Permanent implies that the policy and death benefit should never reach an end, yet they often do — primarily because of choices the owner makes.

For the term insurance premiums, we assumed that at renewal (at the end of the term) that the owner would cancel the existing insurance and be accepted for a new policy at the older ages.

The policy is convertible which allows the owner to convert the policy to whole life prior to the end of the term.

In addition to allaying the concerns regarding the disadvantages of term insurance, an ROP policy can also provide the advantage of supplementing retirement benefits to the policy owner / insured at the end of the term period.

Term life offered through United of Omaha is convertible which allows the owner to convert the policy to permanent life prior to the end of the term.

With this policy, the policy owner does have the option of converting the term life insurance policy over to a new permanent life insurance certificate — without having to prove evidence of his or her insurability — until the earlier of the certificate anniversary on which the insured is age 65, or 5 years prior to the end of the initial term period.

At the end of the term, the annuitant (owner of the annuity) can purchase a new policy or withdraw their funds in their entirety without penalty.

On the other hand, many owners of permanent life insurance policies can't afford them, and end up surrendering the policy (and the cash value) prematurely.

Lastly, a policy owner does not collect anything at the end of the term, provided that he / she is still living.

A type of term life insurance that pays all premiums back to the policy owner at the end of the term if the insured is still living, or percentage of the premiums if the policy is cancelled before the term ends.

Our drop - off policy allows pet owners to drop off their pets for an appointment, run a few errands, go to work, and then come back at the end of the day to pick up their pet.

That policy allows us to ensure the quality of our products to the end user through a documented chain of custody, decreasing the potential for counterfeit products to be introduced to pet owners.

They specifically held a segment near the end of the presser, where they clarified, explicitly, that PS4 owners can expect no DRM against used games, no required always online connectivity, none of those negative, anti consumer policies that plague the Xbox One.

or allow to Run Compensation Suit Simultaneously with suits file by Bank Officials under ARTHA RIN ACT with equal opportunity and equal right so as to restore total accountability, which will be similar to DRT (Debt Recovery Tribunal of INDIA)(B)- Considering the Heavy loss and Damages of Government Registered and Identified SICK INDUSTRIES of 1992 & 1996 of Private Sector due to Negligence, Violation of Contract & Non-Banking Activities etc. of Bank Officials and Policy Maker & need 100 % Weaver of all type of Bank loan liabilities to minimize their heavy loss and damages to certain extent under LIMITATION ACT (C)- The system of keeping mortgage of Land & Properties from the Owner of Industries by Bank or any Loan Giving Agencies as Securities are mostly responsible for Malpractices and ever growing Corruption, & Fraudulent Activities in Banking Sector, which are now proven matter and may kindly be completely abolished as a part of reform programs at earliest possible time to ESTABLISH ACCOUNTABILITY and Check Malpractices, Fraudulent Activities which are now growing by large in Banking Sector or in other Loan Giving Agencies upto root Levels (D)-- All suits of Artha Rin Court may kindly be transferred to Civil Commercial Court abolishing SECTIONS 12, 12 (khan) 18 (2) & (3) 19, 20, 21, 34,40, 41, 42, 44, 47 and 50 of ARTHA RIN ACT -2003 for the end of Justice.

What I had intended is that lay persons may be just as well - suited as lawyers to manage the business of a firm and leave the lawyers to practice law whether they should be owners / partners is an entirely different issue which may also in the end be decided by government intervention / policy.

This cash value grows over time and provides the owner a cash out at the end of the policy or if the person dies the cash value goes to their beneficiaries.

A type of Term Life insurance that returns the equivalent all premiums back to the policy owner at the end of the term if the insured is still living.

If the policy is cancelled (lapsed or surrendered) at a point prior to the end of the term, a designated percentage of the premiums paid may be returned to the policy owner.

Renewable Term Life Insurance that is in force for a stated period, and can be renewed by the policy holder (or owner) at the end of each term for a limited number of terms without proving insurability of the insured

What makes life insurance so popular is that it provides a maximum deduction of Rs. 1.5 lakh in a given financial year, also granting a pre-decided tax - free amount at the end of maturity or in case of fatality of the policy owner.

-- As opposed to a term policy, which expires with no payout or cash value at the end of the term, a permanent policy covers the policy owner throughout all of his / her life without an unwanted adjustment in premiums.

This means that the life insurance policy purchased to fund the death portion of the buy - sell agreement can not be transferred to the disabled owner or dropped until the end of the installment period, because the death benefit will be needed to complete the transaction in the event of death during the buyout period.

As a car owner, you might find it difficult to avail an auto insurance policy and most fail to compare car insurance rates which will turn in the end as failure.

A situation when a policy owner doesn't pay premiums and coverage terminates at the end of the unpaid premium's grace period.

The person you designate to receive the death benefit payment should the policy owner pass before the end of the term.

Return of Premium Term Life Insurance (ROP Term)-- Return of premium policies are essentially level term life insurance plans which return 100 % of paid premiums to the policy owner at the end of the level period.

The plan returns all premiums, minus any fees, extra charges or premiums for optional riders paid by the policy owner at the end of the 20 - year term if no claim has been made.

At the end of the 30th year, the insurance company will pay the policy owner $ 300,000, tax free!

You see, term life insurance is called «term» because the policy (i.e. the contract between the owner and the insurer on the life of the insured) ends upon the specified timetable in the contract.

Renewable term insurance allows the owner of the policy to renew when the term ends regardless of his or her health.

Owners of a higher - end second home typically want to insure it with a policy similar to what they have on their full - time residence, which includes a comprehensive list of causes of loss and replacement cost settlement.

The death benefit ends when the term ends, and the policy owner will then need to decide at that time whether or not they want to renew the policy.

For the term insurance premiums, we assumed that at renewal (at the end of the term) that the owner would cancel the existing insurance and be accepted for a new policy at the older ages.

This return of premiums paid does not include any substandard charges (extra charges for health problems) and rider charges (extra benefits such as disability coverage), if any, which will be paid to the policy owner at the end of the life insurance policy period, if the life insurance policy is still in force at that time.

When the disability ends, the policy owner starts making premium payments again.

Return of premium term life insurance allows the owner of the policy to recoup all premiums paid upon the end of the term.

The policy only ends when the owner no longer pays the premium.

The downside is there is a definite end date and should the policy owner decide to extend the time, he or she will have to reapply at a higher premium rate and pass a current medical exam.

It provides for people who depend on you, but generally ends by the time children are grown and independent, often when the policy owner is ready to retire.

This is a very clever move which will force the policy owner to keep the policy until the end of the term period in order to get back his or her money.

The policy is convertible which allows the owner to convert the policy to whole life prior to the end of the term.

This type of policy has higher fees and costs of insurance but if the performance of the variable funds is strong the owner could end up with a higher cash value than a traditional life insurance policy.

The period of time beginning when a life insurance policy is delivered to the policy owner, and ending after the prescribed amount of time defined by law and / or company guidelines, during which the policy holder has the right to return a life insurance policy for a full refund of all monies submitted for payment to the insurance company.

This will ensure an owner can stop making payments after the paid up period ends, and the policy will remain in force, and continue to accumulate additional cash value, until the insured dies.

The risk of a variable universal life insurance policy is that the market will decline, and the owner will end up with a poorly performing policy.

They have lowered rates considerably and in rear cases have given the owners of these policies the option of continuing them after the end of the term period... more often than not at a higher premium.