Sentences with phrase «policy premiums during»

I have said frequently on this blog, that I can not see the value in having typical people making whole life policy premiums during their retirement years.

Not exact matches

Permanent insurance, which includes whole life and universal insurance policies, is for life: It provides a death benefit for as long as you pay the premium, but also may include cash value that can be accessed during the insured person's lifetime.1

If you die during the grace period, your beneficiary will receive the full value of the death proceeds of your life insurance policy minus any premium that is owed to your life insurance company.

Additionally, policymakers had previously acknowledged rate cuts» ineffectiveness at pushing down term premium at the start of Great Recession, but «tantrum fears» had subsequently fueled «policy cognitive dissonance» to argue otherwise during policy normalization.

At certain points during the term of coverage, such as your birthdays, you can increase the policy's death benefit and premiums will be determined using your initial health rating.

For example, if you purchased a 20 - year $ 500,000 level term policy, should you die at any point during the 20 year term due to a covered event (and have paid all premiums) the beneficiary would receive a $ 500,000 payout.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

The policy put a premium on nutrition lessons, physical activity and healthy food choices by students and parents who volunteer to feed them during school parties and meetings.

The Liberal Democrats, who heaped scorn on free schools during the election, will be expecting large sums to be spent on their own pupil premium policy to support poorer pupils.

At certain points during the period of coverage, you can convert your term policy to a permanent life insurance policy (such as a whole life insurance policy or universal life insurance policy) and premiums are determined by your original health rating.

At certain points during the term of coverage, such as your birthdays, you can increase the policy's death benefit and premiums will be determined using your initial health rating.

Level premium policies have premiums that remain fixed during the term, while others have premiums that increase over time.

In a term life insurance policy, you pay an annual premium that covers the risk of death during that year.

Expect to pay a much higher premium rate, or purchase a policy at work during an initial open enrollment period.

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 paid.

You can change the death benefits during the life of the policy, usually after passing a medical examination, and you can pay premiums from your accumulated cash value.

Your insurance policy premiums are determined during the life insurance company's underwriting process.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

ROP policies offer you a chance to hedge your bets, providing insurance protection for your loved ones during the term of the policy, while providing you with the ability to regain the money spent on insurance premiums if you outlive the policy payment period.

Guaranteed Protection If your application is approved and as long as your premiums are paid, the company can not cancel your policy during the stated term, even if you develop cancer or other health conditions.

If the policyholder dies during the term — and he or she has paid the premiums on time and the policy is in good standing — the beneficiaries listed in the policy will receive a death benefit.

The No Lapse Guarantee Rider (NLGR) ensures that during the surrender charge period, if you fund your policy at the required premium to maintain the guarantee, the policy will not lapse, even if the cash surrender value is not sufficient to cover the policy's monthly deduction charges.

If the company finds you lied about a health condition or lifestyle, it can raise your premium, cancel your policy or deny a beneficiary's claim to the death benefit, particularly during the two year contestability period.

Should death occur during the modified / graded period, most policies will return the premiums paid, plus some modest interest.

Guaranteed Rates: A life insurance policy provision that guarantees the premium rates will not change during the entire term of the policy.

With level premiums you do not need to worry about increasing premiums during the policy 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.

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 higher a risk you are to insure, the more likely you'll die during the term of your policy, and the higher your premiums are going to be.

However, even if you don't make a claim during the policy period, and your no claim bonus stays the same, or is even reduced, your premium may go up due to other factors.

If the insurer approves your application but then finds out about the misrepresentation during the contestability period — usually the first 2 years of the policy — it can cancel the policy and return the premiums you've paid (minus any fees).

If you were to die during the first few years of the policy, most life insurance companies will generally issue a refund of your premiums to your beneficiaries in lieu of the actual death benefit.

If at any time during your policy you stop paying the premium, your policy will be canceled by the insurer.

If you die during the policy term, the policy pays out the predetermined sum of money (or death benefit) to your named beneficiary (ies) as long as you continued to pay your premiums on time.

During the period that is selected, the amount of the premium rate will remain the same — and, as long as the premium is paid, the policy will guarantee a level amount of life insurance protection up to the insured's age 95.

If the insured person becomes disabled, the monthly premium due on the policy is waived during the disability, after a six - month elimination period is met.

While initial premiums are higher than with a typical term policy, it is possible for coverage to continue until death of the insured, and cash value may accrue in the policy on a tax - deferred basis that can be used to help meet financial needs during your life.

The policy does not build cash value and if you don't die during the term, the policy ends and you do not get any money back unless you chose a return of premium rider.

With this feature, premiums may be higher than normal, but as long as they're paid, your policy won't lapse during the guarantee period.

During the application process, you decide to pay either a monthly or an annual premium (with the latter usually offering a small discount), and this should also be indicated on the policy.

The best part is, this is the only time you'll have to go through the underwriting process during the life of your policy because your premium will be locked in after your first application.

The premium paid for this policy remains level, guaranteed to not increase during the term.

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

If you own a typical permanent life insurance policy (lifetime coverage) and did a straight present value calculation of the premiums you can expect to pay during your lifetime, the total will be less than the death benefit.

Top up for ICICI Pru Group Gratuity and Canara HSBC eSmart premiums, is an extra amount of money that you can pay at any time during the policy term.

Top up for Wealth Accumulation Privilege and Bharti AXA eProtect Plus premiums, is an extra amount of money that you can pay at any time during the policy term.

Top up for Saral Swadhan Plus and Aegon Life iReturn premiums, is an extra amount of money that you can pay at any time during the policy term.

Top up for Canara HSBC Smart Future Income and LIC Jeevan Shikhar premiums, is an extra amount of money that you can pay at any time during the policy term.

Top up for CSC Saral Sanchay and Edelweiss Tokio Pension premiums, is an extra amount of money that you can pay at any time during the policy term.

Top up for Cash Assure and Sahara Pay Back premiums, is an extra amount of money that you can pay at any time during the policy term.