Sentences with phrase «purchased by the policyholder»

This plan can be purchased by the policyholder on the payment of a lump sum one time investment.

Not exact matches

A policyholder could find itself in the position of recalling on its own initiative or being asked by FDA to recall based on this «reasonable probability» standard, but not being able to satisfy the definition of «accidental contamination» under its specialty policy because it can not prove its product was W With the frequency of costly product recalls on the rise, many companies have considered purchasing specialty recall coverage to secure coverage for certain recall - related losses that are often excluded from general liability and property policies.

Policyholders can hedge their bets by purchasing a return of premium rider.

Dollar - amount deductibles are a set amount chosen by a policyholder when they purchase a home insurance policy.

It's the same premise as TRIA, which was recently reauthorized by Congress, designed to keep insurance companies stable for their policyholders while still offering the coverage in a form that people can purchase if they want it.

But a policyholder who operates a daycare out of their home will likely be required by their homeowners insurance company to purchase an endorsement or a separate commercial policy.

One advantage of purchasing a life insurance policy from a mutual life company is the strong history of dividend payments paid to policyholders by many of these companies.

Policyholders can then choose to extend coverage after a term ends by either purchasing a new policy or converting a qualified term insurance policy to a permanent one.

A type of uninsured / underinsured motorist coverage in which policyholders can «stack,» or combine the limits of the uninsured / underinsured motorist coverage they purchase for each of their insured vehicles to help cover the cost of damage from an accident caused by an uninsured or underinsured driver.

While some insurances are mandated by the State of Florida, some are willingly purchased for added protection for the policyholder.

Dividends are a portion of the life insurance company's profits that is paid to policyholders who, by purchasing life insurance, are investing in the life insurance company's growth.

If you qualify then purchasing one of the insurance products offered by EquiTrust is an excellent opportunity bearing in mind the advantages offered to their policyholders.

Claiming that the policyholder would receive bonuses being distributed by IRDAI if they purchase an insurance policy and wait for a few months after which the bonus would be released by IRDAI.

After you have found a provider, ask them whether you will be able to purchase GAP insurance for multiple leased vehicles and whether you can save money by bundling under one policyholder.

The cost of a home insurance policy is based on several factors, including the amount of insurance you purchase, the perils covered by your policy, the type of property you insure, and the limits and deductibles you choose as a policyholder.

The policyholder can increase the annuity amount any time he or she wants by paying additional premium to purchase an additional annuity

Wherein, if the policyholder passes away, 100 % of the purchase price net taxes and cesses are received by the person you nominated.

If the annuitant commits suicide, no benefit will be payable but if the Return of Purchase Price Option is chosen by the policyholder, then, on suicide, the Purchase Price is paid back to the nominee

Here are the points to ponder when planning to purchase term insurance policy - Adequacy of The Cover Amount Life insurance cover is the amount provided by the insurance company to the dependents of the policyholder in case of his demise in order to replace his earnings.

A return of premium policy can can help a policyholder feel better about their purchase by providing a financial return if you outlive the policy — a win - win.

Since group life insurance is purchased by the organization from an insurer, the association or your employer is essentially the policyholder.

By using an agent to purchase insurance, the policyholder receives more personal service.

Although these amounts are the bare minimum required by law, many policyholders will purchase larger amounts of Colorado car insurance to cover themselves more thoroughly.

Policyholders can then choose to extend coverage after a term ends by either purchasing a new policy or converting a qualified term insurance policy to a permanent one.

If a policyholder's health insurance provides coverage for injuries and rehabilitation related to a car accident, the policyholder probably only needs to purchase the minimum amount of personal injury protection required by their state.

A type of uninsured / underinsured motorist coverage in which policyholders can «stack,» or combine the limits of the uninsured / underinsured motorist coverage they purchase for each of their insured vehicles to help cover the cost of damage from an accident caused by an uninsured or underinsured driver.

Term insurance plans offer enough coverage to your family by offering a sum assured on the demise of the policyholder, this was probably the only reason why people purchased a term insurance policy.

In case the policyholder chose the option with the return of Purchase Price, then the policy terminates when the purchase price that was paid by the policyholder is refunded to his or her Purchase Price, then the policy terminates when the purchase price that was paid by the policyholder is refunded to his or her purchase price that was paid by the policyholder is refunded to his or her nominee.

The insurance premium offered by the bank might be higher in comparison to other standalone insurance providers, as insurance is a third - party product and banks would have to purchase them on behalf of the policyholder.

The vesting amount that is paid by the policyholder is used to purchase an immediate annuity plan.

In certain non-normal cases, the company does not pay the claimed amount which is the assured sum, and this includes suicide by policyholder within 12 months of purchasing or renewing the policy.

It's the same premise as TRIA, which was recently reauthorized by Congress, designed to keep insurance companies stable for their policyholders while still offering the coverage in a form that people can purchase if they want it.

Dividends are a portion of the life insurance company's profits that is paid to policyholders who, by purchasing life insurance, are investing in the life insurance company's growth.

This means insurance company has 3 years from the date of purchase to prove wrong - doing by the policyholder.

The cost of a policy will be determined by the coverage limits or the costs of the intended burial plans, the policyholder's age and his or her current state of health at the time of purchase.