Sentences with phrase «premium paying status»

If the death claim proceeds are not received by the nominee of the insured (assuming the policy is in premium paying status) then the entire purpose of premium payment and buying an insurance policy goes in vain.

Reinstatement - Restoring a lapsed policy to its original premium paying status, upon payment by the policy owner, with interest, of all unpaid premiums and policy loans, and presentation of satisfactory evidence of insurability by the insured.

Not exact matches

However really it isn't about that, it is about really large commercial operations who want to be called farmers so they can take advantage of farmers «special status» because they are too cheap to pay WCB premiums.

Nevertheless, how much you will be asked to pay as premium will depend on some factors such as your driving record, sex, age, marital status and claim history.

Medical underwriting allows consumers to pay premiums that are appropriate for their health status.

Most policies will have a 30 - day grace period for paying your premium (which you should do, instead of having to get a new life insurance policy, because life insurance gets more expensive the older you get and the worse your health status gets).

Some policies convert to paid - up status if you simply stop paying the premiums.

The variable - rate premium is in addition to the flat - rate per - participant premium, which all PBGC - insured plans must pay regardless of funding status.

I would probably still be interested in this offer if I had to pay double points to book a premium fare if it meant I would also earn miles on it toward my elite status.

If I'm travelling with Joanna I'll pay a premium to stay at a better quality property but I'll make sure it's at a property where I can make the most of my status....

It's a very good way for travelers to get access to some comfort at the airport without paying for a premium cabin and without having to fly tens of thousands of miles a year for airline status.

You pay your premiums based on your current status only, no one else's.

Avoid Modified Endowment Status: If the subsequent premiums paid into the new policy, other than the exchange proceeds, are within the new 7 - pay limit, then a 1035 Exchange of a life insurance policy allows the policy owner to place the original contract's entire value in the new policy without creating a modified endowment contract, or MEC.

While you can seek insurance elsewhere, your rates may now be higher since you initially started this job, and your unemployed status may make it harder to pay your premium rates.

Once an individual has been approved for a burial insurance plan with Americo, the premium will remain level throughout the life of the policy — and, provided that the premium continues to be paid, the coverage can not be canceled due to the insured's age or health status.

Those who are older may pay more, but the health care reform law prohibits health insurance companies from taking gender or health status into account when setting premiums.

Based on age, height, weight, and smoking status, individuals that fit within this classification are considered a low or «preferred» risk, and will often pay less premium than a standard risk policy.

Most policies will have a 30 - day grace period for paying your premium (which you should do, instead of having to get a new life insurance policy, because life insurance gets more expensive the older you get and the worse your health status gets).

You can apply for it based on your current health status and keep it on hold by paying a minimum premium until you decide you need it / or can afford it.

Medical underwriting allows consumers to pay premiums that are appropriate for their health status.

There are various methods to check everything related to the policy, including premium due date, bonus, maturity, etc, people forget to check the status of their life insurance policies and pay extra charges.

You need to register online only once and you can visit insurer's website and check life insurance policy status on a daily basis if needed, you can even pay the premium online through net banking, credit card etc..

It acquires the status of a paid up policy and the value will be determined depending on the sum assured and the number of premiums paid along with the pending premiums.

Once you're more than 30 days late paying your health insurance premium, your health plan will place incoming claims on «pending» status.

Also, maintaining a «claims - free» status, paying your premium on time and having no accidents or violations will help.

• Monthly premiums are based on your age, gender and smoking status • You can pay by monthly pre-authorized chequing, monthly by credit cards (VISA, MC, AMEX) & annually by credit cards (VISA, MC, AMEX) • The younger you're when you apply, the lower your premiums would be • Once covered, you can renew Lifecheque Basic up to age 75, regardless of any changes in your health or occupation • Even if your health declines, your coverage can not be canceled, as long as you pay your premiums • Of course, you can choose to cancel this protection at any time.

The paid up status means he would no longer have to make premium payments even if he has exhausted all of the long - term care benefits.

By just paying your ticket you not only plead guilty, but the conviction goes on your driving record, points get assessed on your driver license, you may lose the «safe driver» status and risk getting an increase on your insurance premium as a result of getting a moving violation.

To add more confusion the seven - year MEC premium level can not be paid in a VUL every year for 7 years, and still avoid MEC status.

The insured's age, health status, lifestyle and employment at the time of the policy's creation will factor into the amount of premium the policyholder will have to pay to keep the policy in force.

If policy holder fails to pay the premium even after the expiry of grace period, the policy status will be changed to lapse or Paid - Up depending on the year in which the policyholder fails to pay the premium.

Comment: Several organizations commented on the proposal to codify the provision related to premium payment threshold policies which allows additional issuer flexibility regarding when amounts collected will be considered to satisfy the obligation to pay amounts due, so long as issuers implement such a policy uniformly and without regard to health status and that the premium payment threshold adopted is reasonable.

After a life insurance premium is missed, a policy will move into grace period status, where while technically delinquent, the insurance company is still responsible for paying a death benefit if a valid claim is filed for a death of the insured during this time.

2) Is it right to pay 5 premiums for receiving good amount in the end of the policy tenure, if its in paid up status.

Accordingly, at new § 155.400 (g), we proposed to codify a provision related to premium payment threshold policies that would allow additional issuer flexibility regarding when amounts collected will be considered to satisfy the obligation to pay amounts due, so long as issuers implement such a policy uniformly and without regard to health status, and the premium payment threshold adopted is reasonable.

If you just stop paying the premium, without surrendering the policy, your policy acquires a paid - up status.

Using the online LIC payment services, you can easily pay your premium, check your policy status and other vital policy details, and it really doesn't matter if you have registered on the LIC website or not.

Your current health status is one of the key aspects that more or less affect the premium you need to pay in order to avail the coverage.

Basic Sum Assured x (number of premiums paid / total number of premiums payable), if the policy is in paid - up status

A small consolation to those drivers who may unfairly be paying higher premiums due to what the insurance industry views, by their standards, as a lack of educational status or working at a low to moderate income job, regardless of driving record.

Flexible - premium policies must pass the seven - pay test in order to avoid MEC status.

Converting to paid - up status may be right for you if you want to keep your life insurance policy in force, but simply can no longer afford to make regular premium payments.

The premium is based on the type of permanent plan you elect, the amount of coverage, your current age, risk status (smokers and people in poor health or with dangerous lifestyles pay higher premiums) and the number of years that you wish to take to pay off the plan.

A stand - alone health policy covers you irrespective of your employment status, till the time you pay your premiums, just like a life insurance plan.

* View policy information * Print an insurance card * Add additional cars or drivers to your policy * File a claim online * View the status of your claim * View previous claims and account history * Manage your repairs online - from finding a mechanic to finding a rental car * Pay your deductibles and premiums online * Update your coverage options online * Live chat and instant message features to ask questions

In reduced paid - up / lapsed policy status, revival of policy can be done within 2 years from the date of first unpaid premium.

To make the process quicker and reduce the dependency part, LIC provides you Online LIC payment services where one can easily pay premium payments few minutes, check policy status and whether one is a registered user or not.

If EI is brought in for realtors it is only a tax grab — a realtor would never be unemployed and granted benefits.This is another thin wedge issue leading to the CRA and the whole independant contractor status and tax deductions.We would never be eligible for benefits but would have to pay premiums forever.