Sentences with phrase «policy reinstatement when»
If the person insured commits suicide within one year of policy reinstatement when the revival has been done after six months from the date of discontinuance, the Fund Value is paid to the nominee
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If the person insured commits suicide within one year of policy reinstatement when the revival has been done within six months from the date of discontinuance the Death Benefit is paid to the nominee..
Not exact matches
What if you didn't have to deal with the paperwork for proofs of coverage, cancellations, reinstatements, and all the other mail that policies generate when you're listed as an additional interest?
When you purchase your policy, your insurance carrier sends the SR - 22 form to the state where you were licensed so the reinstatement process can begin.
When you purchase your policy, your insurance carrier sends the SR - 22 form to the state where you were licensed so the reinstatement process can begin.
This also allows the policy to be reinstated during the period of time when the owner has reinstatement rights.
The individual policies life insurance companies use to determine when to reinstate a lapsed policy and when to deny such reinstatement will vary, but it never hurts to ask.
What if you didn't have to deal with the paperwork for proofs of coverage, cancellations, reinstatements, and all the other mail that policies generate when you're listed as an additional interest?
Most companies, at the end of the grace period when the policy is lapsed and no coverage exists, will send another letter and offer a chance to simply pay the past due premium for a short period, usually another 20 or 30 days without requiring a reinstatement application.