Sentences with phrase «provision in a life insurance policy»

War Clause: A provision in a life insurance policy excluding the liability of an insurance company if the insured's death is the direct result of a war.

Provisions in your life insurance policy also stipulate the rights and obligations of both the insurer (insurance...

War Clause: A provision in a life insurance policy excluding the liability of an insurance company if the insured's death is the direct result of a war.

Incontestability provision — A required provision in all life insurance policies that provides for a period of time, usually 2 years, in which any incorrect information provided on a life insurance policy can be disputed by the insurance company.

War Clause: A provision in a life insurance policy stating that if you die in a war they don't have to pay out.

Accelerated death benefit - An optional provision in a life insurance policy that provides for a specified percentage of the death benefit to be paid prior to the insured's death in the event a doctor certifies that the insured's life expectancy is limited (usually 12 months or less).

A survivorship clause is a provision in a life insurance policy that delays the death benefit payment.

An accidental death benefit is a provision in a life insurance policy that stipulates that the insurance company would need to pay the beneficiary in addition to the death benefit if the policyholder were to die in an accident.

A provision in a life insurance policy that if the death occurs during a certain time period (often 20 years), the policy will pay an amount equal to the cash value of the policy as of the date of death in addition to the face amount owed.

A provision in a life insurance policy that allows the policy to be changed in one or more ways.

A provision in a life insurance policy that excludes liability of the insurance company if a loss is caused by war.

War Exclusion Clause: This is a provision in life insurance policies that death benefits will not be paid in the event that the insured person dies from war related causes.

The beneficiary clause is a provision in a life insurance policy that permits the policy owner to name anyone as primary and secondary beneficiaries.

A waiver of premium provision in a life insurance policy excuses the payment of future premiums in the event that the insured (or owner of the policy, if different) becomes disabled from working and is rendered unable to pay the premiums.

A provision in a life insurance policy setting forth the conditions under which the insurer may contest or void the life insurance policy.

These kind of special coverages can be added to a standard policy as a rider or extra provision in the life insurance policy.

Not exact matches

Radiocarbon dating (also referred to as carbon dating or carbon - 14 dating) is a method for determining the age of an object containing organic material by ENDOWMENT INSURANCE PLAN: 14: Features of Plan: This policy not only makes provisions for the family of the life assured in the

New Zealanders travelling or living in Marshall Islands should have comprehensive medical and travel insurance policies in place that include provision for.

Also, as permanent insurance, the cash value account in universal life grows tax - deferred and can be accessed by the policyholder in the form of loans or withdrawals, subject to any applicable policy provisions.

While both types of insurers typically offer broadly similar life insurance policies and provisions, as we shall see, the ownership structure of mutual life insurance companies puts these insurers in a position to take a different approach to managing their businesses and offering policy features than that taken by stock life insurers.

Incontestability Clause: A life insurance policy provision that states after the policy has been in force for a specified period of time, the company can not deny a claim based on a material misrepresentation made in the application.

For life insurance policies that pay death benefits in the form of a lifetime payout, the portion of the payout that is not subject to tax if the policy has no refund provision or stated time period guarantee which is determined by dividing the amount of the death benefit by the life expectancy of the beneficiary.

The guaranteed renewal clause is a provision in your term life insurance policy that guarantees you will have the right to renew your policy when the term expires.

Like other insurance, TruStage life insurance policies contain specific limitations, exclusions, termination provisions and requirements for keeping them in force.

TruStage life insurance policies contain specific limitations, exclusions, terminations provisions and requirements for keeping them in force.

(1) It is unlawful for any foreign or domestic life insurance company to issue or deliver in this state any life insurance policy unless the same contains the following provisions:...

Nothing in this section is intended or shall be construed to apply to any accident insurance policy insuring against accidental death or death by accidental means or to those parts or provisions of any life insurance policy insuring specifically against accidental death or death by accidental means.

Growth Insurance Plan SP and Aegon Life Term Plan provisions are made in the form of policy renewal, riders etc..

Aegon Life iReturn and Growth Insurance Plan SP provisions are made in the form of policy renewal, riders etc..

With relation to the death benefits of a life insurance policy, accumulation benefits could help in the reduction of funeral costs, paying off of estate's debts and supplemental provisions for the surviving family's future needs.

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.

A grace period provision is also defined within a life insurance policy that provided for a period of time, usually 30 or 31 days in which an insured must pay a premium payment beyond the date of which the premium is usually due, without losing coverage.

Federal and state insurance laws, as well as specific policy provisions further define how policy proceeds are distributed in the event that a clear solution is not present, or if any laws are broken that might affect the validity of a life insurance policy.

The life insurance suicide clause is a provision that's in place during the first two years of the policy.

The insurance company may or may not pay the beneficiary of a life insurance policy in the event of a suicide depending on the circumstances, the primary factor being the existence of two clauses found in a life insurance policy: The Suicide Provision and the Incontestability Clause.

In certain cases, the insurance policy will include a provision that allows the business to change the insured individual, without the need to cancel the existing life insurance plan should there be a change in the company's employeeIn certain cases, the insurance policy will include a provision that allows the business to change the insured individual, without the need to cancel the existing life insurance plan should there be a change in the company's employeein the company's employees.

In addition to the incontestable clause, a life insurance policy may also have a Suicide Provision or Clause.

Indicated in the Internal Revenue code Section 1035 Exchange is the provisions that focuses on the life insurance of most policyholders in the event of sale or surrender of the policy which is considered to be not a good act to be done.

Employer coverage also has been expanded so that adult children up to age 26 may stay on their parents» insurance policy regardless of whether they're in college or living with Mom and Dad, says Volk, who adds that the provision has helped millions of previously uninsured young adults.

A provision that if the insurance, or any portion of it, on a person covered under the policy, or on the dependent of a person covered, ceases because of termination of employment or termination of membership in the class or classes eligible for coverage under the policy, the person or dependent is entitled, without evidence of insurability, to an individual policy of life insurance.

In the case of a policy insuring the lives of debtors, a provision that the insurer will furnish to the policyholder, for delivery to each debtor insured under the policy, a certificate of insurance specifying that the death benefit will first be applied to reduce or extinguish the indebtedness.

All life insurance policies have a standard suicide provision that states there will be no insurance proceeds paid in the event that the insured commits suicide within the first 2 policy years.

In general, the conversion provision according to which your initial Term Life coverage can be changed for a Permanent Life Insurance policy is a significant contribution to the initial coverage, as in addition to a longer - term protection you receive, the number of benefits and options available also increaseIn general, the conversion provision according to which your initial Term Life coverage can be changed for a Permanent Life Insurance policy is a significant contribution to the initial coverage, as in addition to a longer - term protection you receive, the number of benefits and options available also increasein addition to a longer - term protection you receive, the number of benefits and options available also increases.

In fact, state law in most states requires that all life insurance policies include a suicide provision.This provision states that if the deceased dies as the result of suicide within two... Continue readingIn fact, state law in most states requires that all life insurance policies include a suicide provision.This provision states that if the deceased dies as the result of suicide within two... Continue readingin most states requires that all life insurance policies include a suicide provision.This provision states that if the deceased dies as the result of suicide within two... Continue reading →

The waiver of a premium rider is an optional policy provision that provides for the life insurance policy's premium payment in case of the total disability of the insured to pay; age restrictions and coverage maximums apply as per usual.

A conversion provision allows the owner of the term life policy to convert from the term life insurance policy to a permanent life insurance policy during a specified period of time without having to show that the insured is in good health.

A provision added to a life insurance policy for payment of an additional benefit, above and beyond the death benefit, when death occurs by accidental means, as defined in the policy.

The waiver of premium rider is an optional policy provision that provides for the payment of a life insurance policy's premium in the event of the total disability of the insured.

Accidental Death Benefit (Life Insurance): Provision under a life insurance policy for payment of an additional amount — usually equal to the face amount of insurance — if the insured is killed in an accidLife Insurance): Provision under a life insurance policy for payment of an additional amount — usually equal to the face amount of insurance — if the insured is killed in an Insurance): Provision under a life insurance policy for payment of an additional amount — usually equal to the face amount of insurance — if the insured is killed in an accidlife insurance policy for payment of an additional amount — usually equal to the face amount of insurance — if the insured is killed in an insurance policy for payment of an additional amount — usually equal to the face amount of insurance — if the insured is killed in an insurance — if the insured is killed in an accident.

Renewal Provision Spouse and Children's Insurance Rider Withdrawal Provision Accidental Death or Double Indemnity Rider Waiver of Premium Rider Family Income Benefit Rider Renewal Provision (a.k.a. Guaranteed Insurability Rider) When included in your life insurance policy, this provision guarantees the policy's renewability at the end of Provision Spouse and Children's Insurance Rider Withdrawal Provision Accidental Death or Double Indemnity Rider Waiver of Premium Rider Family Income Benefit Rider Renewal Provision (a.k.a. Guaranteed Insurability Rider) When included in your life insurance policy, this provision guarantees the policy's renewability at the end of Insurance Rider Withdrawal Provision Accidental Death or Double Indemnity Rider Waiver of Premium Rider Family Income Benefit Rider Renewal Provision (a.k.a. Guaranteed Insurability Rider) When included in your life insurance policy, this provision guarantees the policy's renewability at the end of Provision Accidental Death or Double Indemnity Rider Waiver of Premium Rider Family Income Benefit Rider Renewal Provision (a.k.a. Guaranteed Insurability Rider) When included in your life insurance policy, this provision guarantees the policy's renewability at the end of Provision (a.k.a. Guaranteed Insurability Rider) When included in your life insurance policy, this provision guarantees the policy's renewability at the end of insurance policy, this provision guarantees the policy's renewability at the end of provision guarantees the policy's renewability at the end of its term.