Sentences with phrase «premiums for the policy holders»

The Lincoln LifeElements Level Term 2014 product is a policy with a guaranteed level premium for the policy holder's choice of 10, 15, 20, or 30 years.

And because of this, the insurer will hike the premiums for the policy holder.

The Lincoln LifeElements Level Term 2014 product is a policy with a guaranteed level premium for the policy holder's choice of 10, 15, 20, or 30 years.

Not exact matches

However, rather than having premiums that are paid for the rest of the policy holder's life, the policyholder instead chooses to pay for only a set period of time such as for 10 years, 15 years, or until he or she reaches age 65.

For drivers, homeowners, and policy holders of all sorts in and around Houston, insurance quotes are extremely useful when it comes to lowering premiums.

Mutual insurers have less stringent capital requirements and higher reliance on premiums from policy holders for cash flow.

Understand that as long as it is economically feasible for the policy holder to pay the base premium, it is highly advisable to continue to do so in order to foster ongoing growth in the cash value.

The dividends and the accumulated interest may be paid to the policy holder, or, they could also be used for reducing the amount of out - of - pocket premium that is due.

The policy holder pays premiums to the insurance company in exchange for the financial protection that life insurance provides.

In the first half of 2010, individuals buying through an insurance agent or financial adviser paid a $ 2,180 annual premium for common plans that pay claims that are not taxable for the policy holder.

The policyholder can send a request for change of premium payment method, through a policy service request form which should be duly completed and signed by the policy holder.

Accumulated dividends for participating insurance policies might also see the policy holder use the dividend values towards paying their premiums.

Guaranteed universal life insurance is an attractive option for many that bridges that gap of financial insecurity, allowing policy holders to lock in a guaranteed death benefit and premium payments while providing flexibility and stability for households.

In addition, the policy holder can use some of the cash value of the policy to pay for insurance premiums.

Whether an applicant decides to go with whole life or guaranteed universal life, a couple of options worth exploring with an agent include possibly setting up a lifetime of guaranteed monthly income for beneficiaries or including a rider that gives a policy holder the ability to waive premiums if they become disabled and can't work.

Dividends that are considered a return of premiums to policy holders are not taxable under current laws allowing for tax free ongoing growth of your cash value.

Here the policy holder can pay lump sum amount or premiums for certain years to get annuity in later years.

Term life insurance policies may be renewed for a premium at the end of a given term if the policy holder's life should exceed the term.

One reason for this is because the policy holder is allowed — within certain guidelines — to choose how much of his or her premium will go towards the policy's death benefit, and how much will go into the policy's cash value.

I think an improvement Safeco would be well - advised to make for policy holders would be to enhance the application to allow policy holders to turn in a claim through the mobile device application as well as being able to pay insurance premiums.

Earned premium naturally means that the insurance company did not have to pay claims to the policy holder for the elapsed time period since a payout on the policy would inevitably mean reducing the portion of the earned premium equal to the loss incurred by the policy holder and at times even resulting in loss for the insurance company as they might have to pay out more for the loss than the amount they have earned.

As can be seen from our example there are clear boundaries of risk which make it easy for insurance companies to balance risk with the premiums charged to policy holders.

The policy holder does not earn any interest for the excess premium paid.

There are some factors which are not under the control of policy holders that can cause the premiums to go high, for example, geographical area of residence.

For an insurance company their investment income is the amount of money earned from premiums and any other investments they hold after the deduction of claims and benefits paid out to their policy holders.

For this reason though the policy holder may need to pay a higher premium for inflation protection in their insurance contract, they may consider it wise to do so because in the event of a claim they will want to ensure their standard of care is not compromised in the long - teFor this reason though the policy holder may need to pay a higher premium for inflation protection in their insurance contract, they may consider it wise to do so because in the event of a claim they will want to ensure their standard of care is not compromised in the long - tefor inflation protection in their insurance contract, they may consider it wise to do so because in the event of a claim they will want to ensure their standard of care is not compromised in the long - term.

Upon producing an NCB retention letter to their new insurers, the previous policy holder becomes eligible for discounts on his insurance premiums.

Additionally not only do cancer insurance plans come with a more reasonable price tag than generic critical illness policies, policy holders also qualify for tax benefits as per section 80D of the Income Tax Act of 1961 which makes the maintenance and payment of premiums easier for policy holders and their families.

The policy holder has to pay the premium for a specified tenure and at the end of the term the maturity proceeds are paid out.

Mutual insurers have less stringent capital requirements and higher reliance on premiums from policy holders for cash flow.

While it is understood that you as a policy holder will be seeking the lowest premiums possible, it is essential to take into account that you will be liable for all the costs incurred during a waiting period — so if you do not have sufficient financial provision to do so, you would be effectively uninsured.

So auto policy holders should know what's fact and what's fiction about what insurers look for when determining premium rates.

This can also include future premiums that are due from the policy holder in return for the ongoing insurance coverage.

With claims averaging $ 61,387 for fire, $ 10,982 for water damage, and crime at $ 4,927, according to 2015 State Farm data, it's not surprising that qualifying home automation and security systems can be purchased at discounts for insurance policy holders or even qualify for homeowners or renters insurance premium discounts, so check with your insurance provider.

As a rule non-standard auto insurance policies are more expensive in terms of premiums paid by policy holders than those paid for standard policies.

For example, if the policy holder opts to pay a lower premium within a given time frame, the cash value in the policy will not build as fast, yet the guaranteed life insurance amount will stay in - tact.

For example, if the policy holder pays premiums via check, then the proceeds will be sent to them by check.

The insurer may offer to continue the insurance cover, if so opted for by the policy holder, levying appropriate charges until the fund value is not less than one full year's premium.

Convertible and renewable: depending on the terms and conditions, insurers will allow policy holders to convert their term life plans to endowment plans for the same payout but with an increase in premium.

In addition, policy holders may also avail an Additional Bonus if regular premium payments have been made for a specified period of time.

It is important to note that in the case of most insurance policies where premiums are paid monthly but the insurance is for a set period of coverage — this does not absolve the policy holder of paying out any final installments due under the coverage period of the insurance policy.

Policy holders can save to provide for increased term premiums or decrease insurance needs (by paying off debts or saving to provide for survivor needs).

Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder).

For example, the company was the first insurer to allow its policy holders to pay for their auto premiums in monthly installments rather than annualFor example, the company was the first insurer to allow its policy holders to pay for their auto premiums in monthly installments rather than annualfor their auto premiums in monthly installments rather than annually.

For those that are not familiar, the return of premium rider allows the policy holder to get a full refund of all the premiums paid at the end of the contract.

If you are able to qualify for a life insurance policy that is rated as a Standard, then you will pay a premium rate that is in line with the «average» policy holder of your same gender and age range.

Policy holder has to pay the premium for the entire life until the event of death occurs.

They pay higher insurance premiums because insurance companies generally raise the premium rates for any policy holder that has collects on a claim.

Whole life plan offers coverage for the entire lifetime of the policy holder for which the policy holder is required to pay fixed premium for the entire period of the policy and failing which may lapse the coverage.

Click here for a short cut to online premium payment Log in using your policy number and the policy holder's date of birth.