Sentences with phrase «policy terminated»

The policy terminated thereafter.

For all practical purposes that was it and the policy terminated after the payment of the death benefit.

If you ever sold or refinanced your home, the policy terminated.

Even within a state that requires car insurance, an out - of - service vehicle could have had its policy terminated months or even years ago (why insure it if it isn't going anywhere?).

¹ Access to cash values through borrowing or partial surrenders will reduce the policy's cash value and death benefit, increase the chance the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured.

If you don't die during the term, the policy terminates at the end of the term.

Such policies terminate when the death benefit falls to zero.

After the term expires, the policy terminates.

However, you can just let your policy terminate when you no longer need it.

But keep in mind that loans from a life insurance policy will reduce the policy's cash value and death benefit, could increase the chance that the policy will lapse, and might result in a tax liability if the policy terminates before the death of the insured.

Once that time period is over, the policy terminates.

This will mean that a formal notification by the policy holder during that time or perhaps that they request that the policy itself terminates on the anniversary will mean not facing surrender fees.

If your policy terminates you will have to add to your taxable income outstanding loan amount excess and any cash given to you above your cost basis in your policy.

Just keep in mind that the main concept of Term insurance is the policies terminate after designated time period.

Extended Term Insurance Extended Term Insurance may be provided if your policy terminates for unpaid premium and contains cash value at the time of termination.

The biggest nightmare people have is their policy terminating before they have eliminated their financial liabilities.

The policy terminates and all the premiums paid in will be lost.

Coverage ceases when the child reaches age 23 or when the primary insured reaches age 65, or the policy terminates, whichever comes first.

After the term expires, the policy terminates.

With those two companies, your monthly payment goes up as you get older, and the policy terminates at a certain age.

This can allow your surviving family to pay off your home early, or pay off other bills and liabilities when your insurance policy terminates.

The policy terminates on your scheduled return date.

There aren't any situations in which a permanent policy terminates unless he stops paying the premiums.

Annual multi-trip policies terminate on the expiry date of the policy.

On maturity, if the policyholder is alive, the available fund value is paid to him and the policy terminates.

In the unfortunate event of the child's death during the policy tenure, the sum assured along with the guaranteed additions are paid out and the policy terminates.

Finally, some mortgage life insurance policies terminate if you refinance your house, rather than transferring to the new mortgage.

¹ Access to cash values through borrowing or partial surrenders will reduce the policy's cash value and death benefit, increase the chance the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured.

Taking a policy loan could have adverse tax consequences if the policy terminates upon lapse or surrender or before the insured's death.

If you end up leaving the company for some reason, your group life insurance policy terminates.

This case is similar to Joe Brown where the face amount is fine but in this case Bill Ryan will be 58 years old when his life insurance policy terminates.

Coverage on each child expires at the earlier of child's attained age 23, the Insured's attained age 65 or when the policy terminates.

However, if you miss premiums and the policy terminates, the loan immediately becomes a withdrawal, meaning it is now taxable.

Also there was no mention that this policy is temporary life insurance which is good for a 20 term period and the policy terminates and John is without life insurance at age 48.

At that time, if the key employee can not perform the regular and substantial duties of his regular occupation, the lump sum benefit is paid to the company and the policy terminates.

If the insured dies (even if it's due to old age), then the beneficiary gets the face amount upon insured's death and the policy terminates?

If 100 % is paid, the policy terminates.

The Policy terminates with the payment of maturity benefit.

A provision that if the group policy terminates or is amended so as to terminate the insurance of any class of insured persons, every person insured under the policy at the date of the termination whose insurance terminates, including the insured dependent of a covered person, and who has been so insured for at least five (5) years before the termination date, is entitled to have issued by the insurer an individual policy of life insurance.

if we cash out, the policy terminates?

Her doctors are optimistic, but she does not want to risk a recurrence happening later on in life after her term policy terminates.

The main concept to remember is Term policies terminate after the stated time period designated on the policy.

This could stem from a Term Life policy terminating while you still need life insurance.

The policy terminates on the payment of Maturity Benefit.

Access to cash values through borrowing or partial surrenders can reduce the policy's cash value and death benefit, increase the chance that the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured.

On his death, his family gets a lump sum death benefit of Rs. 90 lacs and the Policy terminates.

Access to cash values through borrowing will reduce the policy's cash value and death benefit, increase the chance the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured.

However, you can just let your policy terminate when you no longer need it.

In the pure protection plan, if the insured dies within the policy period, the death benefit is paid to the nominee and the policy terminates.

In case of a lump sum payout, the death sum assured is paid at once and the policy terminates.