Sentences with phrase «premium payments»

This plan also offers the benefit of premium payment options of Single Pay, 5 Pay, 7 Pay, 10 Pay or Regular Pay.

The type of premium payment option chosen and the amount paid also has ramifications from the point of view of income tax.

With choice available in sum insured, the consumer has also options of premium payment terms.

Either you or your employer will be responsible for making premium payments for your life insurance policy.

You will usually need to make premium payments for as long as you want the policy to stay in full force.

All policies in ordinary life are based on annual premium payments in advance.

The best way to avoid a lapse is to always make premium payments on time.

* The normal premium paying grace period is 31 days for our life insurance, long - term care insurance, disability income insurance, and annuity contracts for which premium payments are required.

This policy requires regular premium payment as described in the terms & conditions of the policy.

It is a simple life insurance option for policyholders that has a regular premium payment term and offers protection and savings for a medium to lengthy period, all in one.

Offers a solid short term return plan with a life cover for a term of 10 years with a fixed limited premium payment term of 5 years.

In case of single premium payment option, the surrender value gets enabled on the completion of the first policy year.

For policy with premium payment frequency of 6 months or 1 year, the grace period is of 15 days.

Even such plan was providing survival benefit after premium payment term and continues till the maturity i.e. whole life of life insured.

These may affect the death benefit of the policy but the policy will remain in force if premium payments are made.

Some insurance companies offer rebates on annual premium payments which are worked in the premium rate.

Depending on the credited interest, there may not be enough cash value to keep the policy in force, thus requiring higher premium payments from the policyholder.

The excess commission was due to wrongly treating single - premium policies (on which very low commissions are payable) as two - year policy premium payment policies.

The premiums are paid either for whole life or for limited premium payment period.

This carrier will waive premium payments during a period of total disability lasting four consecutive months or more.

Making additional premium payments towards your policy when interest rates are low will protect the policy's cash value.

And next time onward you will choose online premium payment option only.

Grace period: A grace period of 15 days is allowed on the failure of monthly premium payment by the due date.

Term insurance policies offer its policyholder's flexible premium payment options which enable policyholders to decide on a flexible payment plan based on their selection or convenience.

A type of contract that establishes a point in time when premium payments cease, but coverage does not.

* To keep your universal life insurance policy in force, you must make your required premium payments on time.

It gives flexibility to customers in choosing premium payment term and the policy term.

Simply sign these forms contained in your application and submit your first premium payment with your application and the life insurance company will provide temporary or conditional coverage under its program.

Also called a disability income rider, waiver of premium disability riders allow you to waive premium payments if you incur a serious disability and can't work.

That's 7 years of saving with lower premium payments which I'm sure far exceeded the deductible amount in that time.

The policy allows policyholders to change the mode of premium payment at any time during the policy term by submitting a written request for the same.

It is the extension in the number of days after premium payment due date during which the policyholder can make the payment.

After the policy expires, they can be renewed, which results in higher premium payments.

The policy is ordinary life insurance offering level premium payments until age 100.

Cash value may be applied to pay future premium payments.

The plans are available with the regular and limited pay premium payment options for the policyholder.

If there is a chance that you may miss premium payments, an insurer may decide you are too risky to insure.

This gives you freedom to change premium payment amounts as your life changes.

I had purchased rental coverage but failed to submit the papers and initial premium payment when we experienced something we weren't anticipating.

Making additional payments may even enable the owner to stop making premium payments into the policy altogether at some point, and the policy will continue to remain in force.

The policy allows changing premium payments and the ability to adjust the death benefit, for maximum flexibility.

Otherwise, there are no strict premium payment schedules.

You can even make premium payments through that website.

You can download premium payment receipt at later stage too.

Instead of premium payments going exclusively toward the insurance policy, they're split between funding the death benefit and funding the cash value.