Sentences with phrase «policyholder at issuance»
Fixed Death Benefit — Standard term policies also have a fixed death benefit, the amount of which is determined by the policyholder at issuance and affects the premium payments that will be made.
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Level premiums established at the time of issuance may also be enhanced by the payment of dividends from a mutual insurance company whose policyholders share in ownership.
Although, policyholders will retain rights to ask for a physical copy of the policy, but at the time of policy issuance, insurers will have to specifically enquire whether they would like to exercise the option of receiving the policy in an electronic mode.