Sentences with phrase «poor health of the insured»

The most extreme options are to cancel the policy entirely, raise premiums to compensate for the poor health of the insured, or refuse to pay out the benefits in part or whole.

Not exact matches

Naturally, a policy buyer would prefer the insured to be elderly, in poor health, with a policy that has low cash value and a high death benefit, because all of these factors might increase the buyer's yield - to - maturity on the policy when you die.

This is because the applicants for no exam life insurance are usually in poorer health — meaning that the life insurance company is taking on more of a risk with these particular insureds.

Typically, this clause is invoked only if the health of the insured deteriorates significantly during the term, and poor health would prevent the individual from being able to provide proof of insurability.

If the applicant is in poor health, or they are considered too much of a risk to insure based on their lifestyle, there is a chance that they will be declined by the life insurance provider.

If you're in poor health or you have several pre-existing conditions, the insurance company could decline your application because you're too high of a risk to insure.

Individuals with pre-existing health conditions or poor habits like tobacco use tend to have significantly lower life expectancies than their healthy counterparts, increasing their likelihood of early death and making them comparatively expensive to insure.

Life insurance providers will see a sign of poor health, as a risk on insuring that person and in some cases will not cover them.

Typically this clause is invoked only if the health of the insured deteriorates significantly during the term, and poor health would prevent them from being able to provide proof of insurability