Sentences with phrase «predetermined number of years»

By contrast, consider the modern no - parole system, under which prisoners must serve a predetermined number of years — or, in the case of lifers like Liam, their entire lives — regardless of whether they better themselves or not.

Settlements can be taken as a lump sum in the future, as a stream of payments for a predetermined number of years, or as a combination of both.

These are divided over a predetermined number of years and months.

Term insurance, on the other hand, covers you for a predetermined number of years so the monthly premiums tend to be much lower.

A fixed annuity pays a stated interest rate for a predetermined number of years or for an entire lifetime, starting immediately or at some time in the future.

Most people get term life insurance, where you get life insurance for a predetermined number of years and pay premiums during that time.

Term insurance, on the other hand, covers you for a predetermined number of years, and the premiums tend to be much lower.

Spousal maintenance can be awarded for a predetermined number of years; or, it can be awarded for life.

If you are nearing the end of your initial term period and want to lock in a rate that won't change for another predetermined number of years, it might benefit you to apply for a new policy and replace, or surrender, the old one.

Convertible insurance lets the insured convert a policy that only covers the policyholder's beneficiaries for a predetermined number of years into a policy that covers the policyholders beneficiaries indefinitely, as long as the policyholder continues to pay the premiums.

With orientation toward the consumer, today many Variable Universal Life policies offer a guarantee that the death benefit will remain at a certain level irrespective of the performance of the separate accounts, provided a fixed minimum premium is paid for a predetermined number of years.

The annuity death benefit proceeds will be passed on to the insured's beneficiary (s) in a lump sum — or over the course of a predetermined number of years.

In its simplest form, term coverage provides benefits for a predetermined number of years, usually 1, 5, 10, 20 or 30 years.

Limited Payment Whole Life Insurance — permanent insurance that allows you to pay premiums for a predetermined number of years (i.e. 20 years), and afterwards, the policy is paid off for the rest of your life.

Unlike term life insurance, which is temporary and limited to a predetermined number of years, whole life will last your entire lifetime and pay out the benefit upon your death.

You pay a premium for a predetermined number of years and you have your policy for the rest of your life.

Term life insurance provides a predetermined death benefit and covers you for a predetermined number of years, usually five to 30.

Term Life insurance is a type of policy used for a set amount and a predetermined number of years that is paid out during one's lifetime.

Most entries remain on the respective record for a predetermined number of years, such as 3 years for your driving history or 7 years on your credit history.

For a predetermined number of years, generally two, five or seven years, a person pays a fixed rate.