Sentences with phrase «primary insured person»

While most group policies provide nominal coverage to a spouse through the primary insured individual, the coverage is less substantial than you'll probably need, and it generally ends upon the death of the employee, as the primary insured person.

We will pay the Benefit Amount for Felonious Assault shown in the Schedule of Benefits, if Accidental Bodily Injury resulting from Felonious Assault causes a Primary Insured Person to suffer Covered Loss.

I can take insurance directly in my parent's name or i should be the primary insured person?

Minors will be covered at no additional cost when related to and traveling with the primary insured person named in the plan (some conditions apply).

Not exact matches

Here's how it works: life insurance typically replaces lost income, so most people insure their primary breadwinner.

FHA Single Family Mortgage Insurance Program Through this program, HUD's Federal Housing Administration (FHA) insures mortgages made by qualified lenders to people purchasing or refinancing a primary residence.

the spouse of a person in respect of whom the insured person was a dependant at the time of the accident, if the spouse was the insured person's primary caregiver at the time of the accident and the person in respect of whom the insured person was a dependant at the time of the accident dies before the insured person or within 30 days after the insured person, or

(b) the insured person was the primary caregiver for the person in need of care and did not receive any remuneration for engaging in caregiving activities.

No - fault coverage extends to every person living in the same house as the primary insured.

the insured person was the primary caregiver for the person in need of care and did not receive any remuneration for engaging in caregiving activities.

One key point to make here is that if two or more primary beneficiaries are selected, and one or more of them is dead upon the passing of the insured person, the money will be distributed to the remaining primary beneficiaries, rather than any of the funds going to the secondary beneficiaries.

Primary Beneficiary The person or entity who, at the insured's death, has the first right to receive life insurance proceeds.

You primary beneficiary is the person (or people) who is intended to receive the death benefit upon the insured's death.

The person, people or organization that will receive life insurance death benefits if the primary beneficiary dies before the insured.

Even though a primary insured, spouse and dependent children can apply using one application, each person will be provided with a separate insurance ID number and ID card.

This is the person or entity that will receive money when the insured individual dies if the primary beneficiary (ies) have predeceased the insured.

This life benefit is for the primary life insured only with maximum 50 years of age for the eligible person as per medical underwriting.

If the insured does not have a primary health plan, the benefit covers the first $ 20,000 in eligible medical expenses (again, for persons over 65, the amount is limited)

If the insured has a primary health plan, the benefit covers to the medical maximum (for persons 65 and over, the amount is limited)

A ** Primary Plan ** is a Group Health Benefit Plan, an individual health benefit plan, or a governmental health plan designed to be the first payer of claims (such as Medicare) for an Insured Person prior to the responsibility of this Plan.

• It is recommended that the person purchasing the plan name themselves as «Primary Traveler», unless they are not traveling on the insured trip.

This undermines the primary purpose of life insurance, as the investors would incur no financial loss should the insured person die.

A primary plan is an individual, group, or government health insurance benefit plan designed to be the first payor of claims for an insured person.

The primary advantage of mortgage protection life insurance is that the insured person does not have to worry about how a spouse or other party will pay for a house in case of an early death.

«Additional insured» can also apply to auto insurance, where the additional insured person enjoys the same coverage as the primary insured.

When considered like this, it may not surprise you that many insurance companies will in fact honor a policy held by a person who commits suicide, i.e. the life insurance company will pay out the death benefit to the policy holder's beneficiaries if the primary insured commits suicide.

The primary beneficiary is the person who receives the death benefit when the insured dies..