Sentences with phrase «promised as death benefit»

Life insurance policy is a contract between the insurers or insurance provider wherein a lump sum amount is promised as a death benefit to the beneficiary in the event of the policyholder's death, provided the policy was active and the premiums were paid till the insured's death.

Life insurance policy is a contract between the insurers or insurance provider wherein a lump sum amount is promised as a death benefit to the beneficiary in the event of the policyholder

is a request for payment by the beneficiary for the amount promised as death benefit upon the insured

Not exact matches

Seg funds are simply a special kind of mutual fund with three extra features thrown in (for a fee, of course): (1) A certain amount of creditor protection, as they are considered as insurance policies (2) Downside protection in the form of a promise to return 75 % to 100 % of capital in a certain number of years, usually ten and (3) a death benefit that allows the beneficiary to redeem the fund at the purchase price in the event of death within the 10 year period.

The company promises to pay a death benefit to a beneficiary when the insured dies as long if the insured meets the conditions of the contract (for example, dying within the term period).

The risk, therefore, is that Company XYZ will not pass through the payments as promised or that the insurer will withhold the death benefit.

The company promises to pay a death benefit to a beneficiary when the insured dies as long if the insured meets the conditions of the contract (for example, dying within the term period).

The company promises to pay a death benefit to a beneficiary when the insured dies, as long as the insured meets the conditions of the contract.

The policyholder is promised certain benefits payable on death, maturity or as money back.

The benefits payable under the plan will be paid as promised without being affected by the death of the insured.

You pay a monthly premium — typically about one fourth the cost of whole life premiums — in exchange for the promise that your life insurer will pay out a pre-set death benefit (also known as your «coverage» or «face amount») to your survivors (also known as «beneficiaries»).

When the policy is issued, the death benefit coverage it promises to pay helps protect the financial security of the loved ones you've chosen as beneficiaries.

In return, if you die while policy is in force, the insurance company promises to pay a death benefit amount to the people you've named as beneficiaries.

It promises to pay a certain amount as death benefit but deprives you from deriving the advantages of stock market investment.

A life insurance policy is a contract between the owner of the policy and the insurance company which promises to pay a stated death benefit upon the death of the insured person, as long as the death occurs during the period of time covered by the policy.

Under this rider, in case of accidental disability, the future premiums are waived off but the plan continues till maturity or death paying the promised benefits as and when they accrue.

In exchange for the life insurance company's obligation to pay out your death benefit, also known as the amount you are insured or covered for, you promise to pay monthly, quarterly, or annual premiums.

In case of unfortunate demise, the dependents will receive the death benefit as promised by the term insurance company.

When you buy a ULIP, your family is promised a sum assured as a death benefit, if due to unfortunate circumstances you die in the near future.

The policy promises entire sum assured as a death benefit along with accrued bonuses regardless of the amount of survival benefit already paid.

In addition to the death benefit, permanent life insurance policies, such as whole life, promise a return on your premium in the way of cash value.

In the event of the policyholder's death anytime during the policy term, the child / nominee receives the lump sum amount (death benefit) as promised at the time of purchasing the policy.