Sentences with phrase «purchase upon the policy»

This is to ensure that the third party in question will be able to make a profit from the purchase upon the policy holder's death.

Not exact matches

No medical exam policies offer term lengths up to 30 years and can typically be purchased up until you turn 75, though some insurers restrict term lengths based upon your age.

No medical exam policies offer term lengths up to 30 years and can typically be purchased up until you turn 75, though some insurers restrict term lengths based upon your age.

One way would be to purchase a permanent life insurance policy which would be given to the employee upon retirement, after a certain number of years with the company, or based upon a certain level of performance.

Life insurance classified as return of premium (ROP) features a return of premiums paid to purchase coverage if the insured outlives the term of the policy, or payment of some portion of premiums paid to the beneficiary upon the insured's death.

However, if you purchased a decreasing term policy, the payout would change depending upon how long the coverage was in - force.

* Mobile home insurance policies purchased through Progressive that are not underwritten by Progressive in your state are underwritten by American Bankers Insurance Company of Florida, American Security Insurance Company, or Ranchers and Farmers Mutual Insurance Company, depending upon your location.

Of course, depending upon your financial circumstances, step one can take some time because, just like purchasing real estate and any other assets, there are some start up costs for properly funding your policy and allowing your cash value to accrue.

So all of those policy makers and all of those corporate purchasing departments are stuck with an inability to implement their programs unless there's an agreed upon set of standards that assess the social and environmental impact of that company on its employees, on its community, on the environment, etc..

With this product the business buys a life insurance policy, equal to the agreed upon purchase price, on the life of each of the partners with the other partner listed as beneficiary.

John and Margaret each purchased a $ 25,000 whole life final expense life insurance policy to pay for their funeral expenses and 12 months of their mortgage payments upon their death.

Your trip insurance policy is issued immediately upon purchase.

Or alternatively, if he is a healthy non smoker, he could purchase a guaranteed universal life insurance policy with a $ 350,000 death benefit for as little as $ 3,708 per year, which would generate an tax free, cash benefit of $ 350,000 upon his death.

In this scenario, the owner purchases a rider, that allows them the freedom upon certain anniversaries, to surrender the policy.

For instance, these policies are typically purchased for only the amount of the agreed - upon services.

Accidental Death & Dismemberment plans are similar to a life insurance policy, in that you would name a beneficiary upon purchasing your travel insurance.

Please send an email to ecivres indicating your certificate number (or Id number, policy number, confirmation number as appropriate depending upon the product you purchased) and the changes you would like to make.

Insurable Interest When a policy is purchased, the buyer must have an economic interest in the life if the insured, or a demonstrable expectation of loss upon the death of the insured.

A unique quality to whole life policies is that upon purchase, the policyholder is entitled to dictate the value of the proceeds.

Upon purchasing your life insurance policy, you will need to decide who will be your beneficiary, or beneficiaries, if you choose more than one individual.

It is only upon the purchase of your policy that will we need your personal information, but not before then.

Exclusions may apply, depending upon the policy you purchase.

* Mobile home insurance policies purchased through Progressive that are not underwritten by Progressive in your state are underwritten by American Bankers Insurance Company of Florida, American Security Insurance Company, or Ranchers and Farmers Mutual Insurance Company, depending upon your location.

However, if you purchased a decreasing term policy, the payout would change depending upon how long the coverage was in - force.

As with any insurance policy, quotes for premiums will depend largely upon the amount of coverage you want to purchase and the level of risk you present to the insurance company.

One way would be to purchase a permanent life insurance policy which would be given to the employee upon retirement, after a certain number of years with the company, or based upon a certain level of performance.

Depending upon the policy you purchase, there will be other exclusions.

You purchase the travel insurance on the date of the initial initial trip deposit or within 7 - 30 days of the same, depending upon the specific policy.

I have one client at age 80 who purchased a 10 year term policy on her life for $ 125,000 to cover the cost of her mortgage upon her death.

By purchasing life insurance, you gain the assurance that your insurer will pay a death benefit to your named beneficiaries upon your death (as long as your policy is still in force at that time).

The deductible can be per injury / illness, once per policy period, or once per year depending upon the insurance policy you purchase.

Policy maximum can be either per policy period, per year, lifetime or per injury / illness depending upon the insurance policy you purPolicy maximum can be either per policy period, per year, lifetime or per injury / illness depending upon the insurance policy you purpolicy period, per year, lifetime or per injury / illness depending upon the insurance policy you purpolicy you purchase.

Whether it is better to purchase the return - of - premium rider or invest the difference ultimately will depend upon the policy owner's investment risk tolerance, and his or her individual tax situation.

Since the cost per thousand dollars of death benefit is based upon the joint life expectancy of both parties the premium can be significantly less than the cost of purchasing two individual policies.

You should also be aware that if the cost of life insurance as a senior is prohibitive, you can potentially save thousands per year by purchasing a second - to - die policy, which only pays a death benefit upon the second death.

Since it is a legitimate credit requirement of lenders that the consumer adequately insures his risks, lenders are able to push through compulsory purchase of the group policy negotiated by them, despite the practice being frowned upon or being downright banned by regulators.

The level of coverage provided for car repairs will depend upon the type of mechanical breakdown insurance policy you actually purchase.

In the event an owner dies, the company receives the proceeds of the life insurance policy and uses the proceeds to purchase the deceased owner's business interest at a previously agreed upon price.

Please note that the listed perils are not all applicable to both trip cancellation and interruption; refer to the insurance policy, which is sent upon purchase, for complete details.

When a policy is purchased, the buyer must have an economic interest in the life if the insured, or a demonstrable expectation of loss upon the death of the insured.

It can be difficult to put a monetary value on a person and the work they do for your company, so these policies are often for a specific monetary value that is agreed upon in advance when the policy is purchased.

Those who may be hit with estate taxes upon death may also consider purchasing a life insurance policy for the purpose of paying the amount due.

The two main reasons you might not want to change policies are surrender charges (only in permanent plans such as whole life or universal life), and your new policy will likely contain a new two year contestable period, which means the company could potentially weasel out of paying the life insurance proceeds upon your death if you die within 2 years of purchasing the policy and they find that you answered questions fraudulently on your application.

When purchasing your policy you will select a beneficiary or beneficiaries who will receive the proceeds (death benefit) from your life insurance upon your passing.

When shopping for coverage, keep in mind that «final expense insurance» is offered by dozens of companies and how a policy works may change based upon the insurer, so we'd advise checking that a particular product aligns with your expectations before purchase.

There are several factors that will determine the cost of a Medicare supplement policy upon purchase.

Guaranteed Insurability Rider DEFINITION: an optional rider attached to permanent life insurance policies that allows the owner to elect to purchase additional life insurance death benefit coverage periodically at certain attained ages, or alternatively, upon certain special occasions such as marriage and the birth of a child.

These funds could purchase a single premium, paid - up policy with a $ 130,000 death benefit payable to the charity upon her death.

Name of the Insured — The person on whom the policy is purchased and the one upon whose death the policy will issue payment.

This will be dependent upon several different factors — including the policy holder's age and gender, as well as the type of policy that is purchased and the insurance company that the plan is purchased through.