Sentences with phrase «premium rider which»

Common life insurance riders include such things as a waiver of premium rider which cancels premiums on the policy if you become seriously ill, or the similar disability rider which will cover your premiums if you should become disabled.

You can add the waiver of premium rider which is only applied to the portion of your premium that pays for the insurance.

For example, you could add a disability waiver of premium rider which ensures that your premium is covered if you aren't in a position to pay it yourself due to a disability or severe injury.

You have an option for a waiver of premium rider which will allow you to forgo paying your premium in the case of a disability.

There is an age limitation on a disability waiver of premium rider which is usually around 60 or 65 years.

There is an inbuilt waiver of premium rider which is applicable in case the insured suffers permanent and total disability during the plan tenure.

Some policies offer return of premium riders which means you are entitled to a refund of some of your cash.

Not exact matches

The bike features the premium kit (without forged wheels), which includes the following: Dynamic Damping Control, Dynamic Traction Control, Shift Assist Pro, Brembo brakes, 5 driving modes (Rain, Sport, Race, Slick, User (ultra custom to each rider)-RRB-.

The only case in which you'd get cash back from an insurer with a term life insurance policy is if you have a return of premium rider.

For example, you may have heard of a «return of premium» rider which pays back a percentage of your premiums should you outlive the term of your policy.

«They can save themselves about $ 300 annually by cancelling the «return of premium» rider which adds 20 % to their premium — maybe more.»

Flex Pay PUA Rider — Paid - up additions riders allow you to pay additional premium into your policy to purchase additional participating whole life insurance, which increases your death benefit and cash value.

The companies with the two most expensive average premium for our sample policy and rider were Dairyland and Progressive, which quoted rates of $ 585 and $ 589, respectively.

GEICO's average motorcycle insurance premium for our sample policy and rider was $ 358 which was only slightly higher than Nationwide's but still well below the Kentucky average of $ 515.

Primerica also offers several riders which act as add - ons to their term coverage, allowing you to customize a policy to your financial situation, though each rider will typically increase your premiums by a small amount.

Each policy can be customized using riders, which are policy add - ons that will increase your premiums by a small amount.

There are also additional optional benefits and riders, which include a waiver of premium, children's insurance, accidental death benefit, and / or a guaranteed option to purchase additional insurance.

The length of time (usually 31 days) after a premium is due and unpaid during which the policy, including all riders, remains in force.

Some of them are free and come standard, like a Waiver of Premium rider, which means you don't have to pay your premiums while you're unable to work and receiving benefits.

Don't assume this is the case, though — most of the time, they can be added onto a policy as a «rider,» which means that you will pay a higher monthly premium.

Some Shriram New Shri Life Plan Provisions include riders in which premium payment can be waived off.

Some Future Generali Group Gratuity Plan Provisions include riders in which premium payment can be waived off.

MetLife's GLT coverage comes with a rider option called a Non-Convertible Disability Waiver of Premium, which waives all base premiums of the policy if the policyholder were to become disabled for at least six months.

Add a waiver of monthly charges rider, which will waive policy premiums if you become disabled.

However, adding the return of premium rider will up the cost to $ 880 per year which adds more than 50 % to the cost of the premiums.

Most of these riders will cost you an addition to the baseline premiums that you've qualified for, so it's important to carefully consider adding those from which you'll enjoy the most benefit.

Available riders include Disability Waiver of Premium, Children's Term, Living Benefits Rider, and an automatic premium loan option which can take a small loan from the policy to keep it in force when payments are missed.

Not all riders make financial sense for firefighters, though something like waiver of premium might, which covers your policy premiums should you be disabled and without pay for a certain duration.

One, for example, which is very popular, is the Waiver of Premium rider, as it would continue to make your premium payments for you should you become disabled for 6 months or longer, for as long as you're disabled.

Also, the Insurance Regulatory and Development Authority (Irda) has capped the premium of a rider at 30 per cent of the base policy, which basically means that if the yearly premium of a policy is Rs 10,000, the insurer can not charge more than Rs 3,000 for a critical insurance rider.

Waiver of Premium is an additional provision (sometimes also called a rider) in most Life Insurance policies which allows to stop paying premiums after the insured person has been disabled for a given period of time (usually six months) due to an illness or an injury.

The mechanics, which typically involve what's called a paid - up additions rider, in effect lowers the customer's premium by reducing the agent's commission.

Another option is to buy disability insurance, which goes beyond a simple waiver of premiums rider: you'll receive a payment in the form of a disability benefit that will replace the income you lost while disabled.

Coverage for sports equipment may be an optional rider, which increases your travel insurance premium

Riders are optional clauses in insurance policies which offer additional financial security by payment of a nominal extra amount over and above the premium to cover disability, death etc..

Disability insurance companies may offer riders at different costs, so if there are additional features you want, like a return of premium rider, see which company offers them at the best rate.

Travel insurance also places a per - item maximum on lost items, so if you're taking your skis and ski equipment along with you, and you want coverage if it's lost, stolen, or destroyed, you'll need to look into a sports equipment rider, which will increase your travel insurance premium a bit.

Some of them are free and come standard, like a Waiver of Premium rider, which means you don't have to pay your premiums while you're unable to work and receiving benefits.

Coverage for sports equipment is almost always an optional rider, which will increase your travel insurance premium cost.

Moreover, it also provides the benefits of waiver of premium rider under which all the future premiums are waived off in case of uncertain demise of the insured person.

The riders available include Aegon Life AD Rider which provides the payment of additional Sum Assured in case of accidental death, WOP Rider on CI where future premiums are waived if the insured is diagnosed with a Critical Illness while the coverage continues, iCI Rider covering four Critical Illnesses where the Sum Assured is paid in case the insured is diagnosed with any Critical Illness covered by the rider, Women CI Rider which covers women specific Critical Illnesses and provides part payment of the Sum Assured if the insured is diagnosed with any one of the covered illness.

You will have to pay extra premium for the riders which offer additional benefits.

For instance, if your base sum insured is Rs 2 lakh, your premium outgo will be around Rs. 3233, out of which Rs. 717 will be the amount that you would have to pay towards the room rent waiver rider.

Though in other plans of insurance, one can opt for this rider additionally, it would involve extra payment of premium which is not applicable in a child plan.

Since riders can slightly raise your policy premiums, it's important to know what your options are, which ones you need and which ones could be an unnecessary cost.

The only case in which you'd get cash back from an insurer with a term life insurance policy is if you have a return of premium rider.

1) War Risk Coverage In consideration of the payment of premium calculated in the manner stated in the policy to which the rider is attached, it is hereby agreed that for additional premium the policy is amended as follows: Any Exclusion under this Plan for «declared or undeclared war or any act thereof» is waived for an Insured Person's loss caused in whole or in part by, or resulting in whole or in part from, declared or undeclared war or any act of declared or undeclared war, subject to the following restriction: The waiver only applies with respect to accidents that occur within the geographic limits or territorial waters of, or airspace above the geographic limits or territorial waters of a Designated War Risk Territory (as defined herein).

Most waiver of premium riders contains a waiting period during which there can be no claim of benefits.

Some of these options may be included in the benefit provisions or general provisions section of your policy; others will come in the form of a rider, which is an attached agreement that modifies your policy and for which you have to pay extra premium.

Another common rider is a premium waiver, which waives future premiums if the insured becomes disabled.