Sentences with phrase «policyholders before»

Also, insurance companies like to tend to their investments and cater to regular premium paying policyholders before paying out to their elderly customer demographic.

The outstanding loan amount will reduce the death benefit dollar for dollar in the event of the death of the policyholder before the full repayment of the loan.

Typically term insurance lasts 10, 15, 20, 25, 30 or 35 years with the policy duration decided by the policyholder before their coverage begins.

Typically term insurance lasts 10, 15, 20, 25, 30 or 35 years with the policy duration decided by the policyholder before their coverage begins.

A renewal letter is a form that your auto insurance company sends to you the policyholder before your active auto insurance policy expires.

It is the sum assured handed over to the nominee only in case of premature death of the policyholder before the culmination of the policy tenure.

Death benefits - incase of the death of the policyholder before maturity, the sum assured is paid in accordance «mera family payout» option chosen by the policyholder.

On death of the policyholder before the commencement of risk, an amount equal to the policyholder's fund value will be payable.

A deductible is the amount to be paid by the policyholder before the insurance coverage comes into play.

LIC's Aadhaar Stambh Plan also provides financial support to the family in case of unfortunate death of policyholder before maturity and a lump sum amount the time of maturity for the surviving policyholder.

LIC's Aadhaar Shila Plan also provides financial support to the family in case of unfortunate death of policyholder before maturity and a lump sum amount the time of maturity for the surviving policyholder.

Terminal Bonus: It is a bonus the insurer pays out on maturity of the policy or on death of the policyholder before the end of the plan tenure.

In case of death of the policyholder before the end of the lock - in period, the proceeds of the discontinued policy shall be paid to the beneficiary and the policy will terminate

Not exact matches

Researchers pointed out that high bills during that time period could reflect policyholders paying off their plan deductible before coverage kicks in.

Every policy might not be exactly the same, so would - be policyholders should shop around, gather renters insurance quotes online and speak to local agents before choosing a policy.

First, because a policyholder must act quickly to protect public health, it might not have the opportunity to confirm that actual contamination has occurred before making the decision to recall the product.

Then, it may seem silly that the people driving without proper youall of the policyholders fault or they simply are driving you do get a more reliable than ever before but now the tables have turned to insurance companies that offer froma car, you'll need to spend more amount in damages as well as looking online you will want to do a search on the roads of the policy.

Note that there is a «surrender period,» which is the period of time that a policyholder must wait before it is possible to receive the cash value of the policy upon canceling.

Every policy might not be exactly the same, so would - be policyholders should shop around, gather renters insurance quotes online and speak to local agents before choosing a policy.

Liability coverage generally includes defense costs, as well, and most policies pay those without regard to the policy limits because it's in the best interest of you, the company, and other policyholders to prove the liability claim before paying it, in order to avoid large settlements for false or frivolous claims.

In order to protect all policyholders, the adjuster needs to be certain that liability should, in fact, attach to the insured and the carrier before stating that it does by paying the claim.

The insurance company is less concerned that one spouse might not be in good health, because both policyholders must die before the benefit is paid.

The termination of insurance coverage by either the policyholder or the insurer before the official end of the policy term.

Advance Payments are being granted to eligible policyholders after Hurricanes Harvey and Irma and you may be able to receive some funds before the adjuster inspects your damage.

The higher the deductible, the more a policyholder must pay out - of - pocket before coverage kicks in.

Deductibles: Most renters insurance policies have a $ 500 deductible — the amount the policyholder is responsible for paying toward a loss before an insurance company will make a payment.

The money which is guaranteed to the Policyholder in the event of voluntary termination of the policy before maturity date is called the Guaranteed Surrender Value.

Surrender of a policy happens if the Policyholder voluntarily decides to pre-close the policy before the date of maturity.

Renters insurance does not cover roommates unless they are added to a policy, but policyholders should think twice before doing that.

Traditionally, most companies apply the deductible first and then the copay when determining how much to reimburse the policyholder for a claim, but Petplan is one of several companies that applies the corresponding copay (30 %, 20 %, 10 %) before the deductible.

In addition, team members serve in leadership positions at leading insurance - related publications and associations, and regularly speak before legal and industry associations on emerging insurance issues and their impact and significance to policyholders.

A groundbreaking High Court case where a motor insurer was held liable to pay compensation for an accident caused while the policyholder was walking, has settled for a «significant» six - figure sum shortly before appeal.

If the policyholder cancels the policy before the end of the surrender period, it is not likely the policyholder will receive any amount of the cash value because these costs are incurred by the insurance company to set up the policy.

This statistic leads me to believe that it only takes about three years before the term insurance policyholder realized they made a mistake and converted the policy to permanent insurance like indexed universal life.

Premiums are paid based on the decided term, and the policyholder can renew his / her coverage if it runs out before death.

This policy is customizable — with rider options such as accidental death benefit, child protection and waiver of premium — and policyholders are given the option to convert up to the age of 65 or before the end of their term.

If the beneficiary passes on before the policyholder, then the policyholder should know his or her options.

While a renewable term life insurance policy allows you to simply extend your current coverage, having a convertible term life insurance policy means that, at any point during your term or before your 70th birthday (whichever comes first), a policyholder may convert term life coverage to whole life coverage.

More than 25,000 policyholders were forced to find other plans before the end of 2015.

There have been many studies done to find out how many term policies actually pay out benefits to policyholders, and the estimates have been as low as 1 percent of policies paid out benefits since people outlived their term or canceled the policy before the term was up.

You need a company with strong business and financial ratings, a commitment to ethical practices, and policyholder - centric culture that seeks to put your needs before anything else.

So this is the first step; find out when the insurance policy ends, because if the policyholder purchases a new insurance policy before the coverage expires on the first policy, then the money that was paid for the first policy will have been unnecessarily wasted.

That means more premiums paid and, for the 20 percent of joint policies that are made up of term life insurance, a higher chance that the death benefit won't be paid out at all (because the policies will expire before the policyholders do).

But survivorship policies, since both policyholders will die before the death benefit is paid, work best as a way for families to pay for estate taxes, burial plans, or as a way for the policyholders to leave a legacy for their heirs.

If the person insured is alive, the policyholder receives Survival Benefits every five policy years before the end of the policy term.

The policy has a lock - in period of 5 years, though Future Generali Life Insurance policyholders can receive their money back before the end of five years after the discontinuance charges have been deducted from fund value.

It is highly recommended to spending few hours for all policyholder to compare various health insurance options before going for a Religare Health Insurance renewal or buying a new Religare Health Insurance Policy.

Second, with survivorship policies, the insurer knows it'll likely be longer before the death benefit is paid out since both policyholders have to die before that happens.

Waiting period: A certain period of time that passes after a life - changing event before a policyholder can receive insurance benefits.

First - to - die policies are typically more expensive, but survivorship policies don't work as well as income replacement since both policyholders must be deceased before they pay out.