Sentences with phrase «refund of all premiums»

If they both outlive their policies, not only can they celebrate being alive, they each receive a refund of all premiums paid.

You may only receive a refund of premiums (and interest, in some cases).

And the refund of premium at the end of the term, net - net, could be worth it if you have high risk aversion and are a value - seeker.

When a policy becomes a MEC, the insurance company should notify the client in writing and offer a refund of the premium that caused the MEC.

A major benefit of this type of policy is that the premium money returned to you is completely tax - free, as it is not considered income but simply a refund of premiums.

Refund of premiums - If the insured outlives the policy's term, then the premiums paid will be refunded.

You may still be entitled to a refund of your premiums depending on the policy and your reasons for cancelling.

Free Look Period: The period of time in which a policy owner has the legal right to examine a newly issued policy and return it for a full refund of premium if not satisfied for any reason.

If they both outlive their policies, not only can they celebrate being alive, they each receive a refund of all premiums paid.

Some companies might charge a fee or refuse to refund all of the premiums for the months that were paid but went unsued.

About three hours» work resulted in a # 4,000 return which included refund of premiums plus interest.

If you were to die during the first few years of the policy, most life insurance companies will generally issue a refund of your premiums to your beneficiaries in lieu of the actual death benefit.

At the end of the term, they can refund all of your premiums paid, but retain the investment income in exchange for having provided the term coverage.

If you took out both MTA CCI and GAP insurance and have paid off your loan early, you will be given a partial refund of the premium you paid for the GAP insurance.

If you bought a new car and have a MTA GAP insurance policy that was active on 1 September 2017, you will be refunded some of the premium you paid because:

In such an event, only a refund of the premiums paid thus far will be paid to the beneficiary.

If you don't like what they say, you can drop your policy and sometimes receive a full refund of the premium you paid if you haven't filed any claims.

If your cover does not meet your requirements, please notify us within 14 - days of receiving your policy schedule and return all your documents for a refund of your premium.

Your beneficiaries receive a refund of the premiums plus some interest if the insured dies within the first two years that the policy is in force.

Instead, if you pass away in the first two years, they will refund all of the premiums you have paid into the policy to date.

In the event that you outlive your term life policy, you will have the opportunity to re-enroll, but will not be refunded any of your premium.

For a full refund of your premium, you must cancel within 10 days of your policy purchase and have not filed a claim or departed on your trip.

During this 2 year (some are 3 year) waiting period, if you pass away — your beneficiaries will receive either a refund of the premiums you paid in + interest OR a percentage of the death benefit.

«Return of Premium» is a common feature in many term life insurance policies that provides a full or partial refund of the premium paid at the end of the coverage period if nothing was paid out on the policy during that time.

For many guaranteed issue policies, if you die within two years of getting the policy the only pay - out may be a refund of your premium payments.

If you do cancel a life insurance policy outside of a free look period, you will not get a refund of the premiums you paid.

If you decide this coverage isn't for you, for any reason, you can return it within 30 days and receive a refund of any premium paid.

However, if you do cancel an insurance policy outside of the free look period, you won't receive a refund of any premiums paid.

Free look period — A short period of time during which a new insurance policyholder can cancel a contract and receive a refund of any premiums paid.

They were still covered against accidental death and got a refund of all their premiums +10 % should something happen in the first two years.

Thus, for example, a contract that provides a distribution form with a period certain or a refund of premiums in the case of an employee's death would not be a QLAC.

If you do pass away during the waiting period, they will refund all of your premiums plus an additional 10 %.

A few carriers that offer Accelerated Death Benefits, Living Needs Benefits or Long Term Care benefits provide another option, which allows the owner to surrender the policy at certain time for a refund of premiums paid.

ROP term provides the best of both worlds: low guaranteed premiums and the ability to get a complete refund of those premiums when the level term expires.

Instead, they would receive a full refund of your premiums plus like 10 %.

If you are not pleased with this product for any reason, and you have made no claims, you may submit a written request, up to five days after your initial effective date, for cancellation and refund of your premium.

For example, a refund of premium (cash back option) if you outlive your term policy, and additional death benefit payouts for death caused by certain types of accidents.

⦁ Return of premium term life provides a refund of premiums for people who don't die within the term.

A policyholder who has exercised the restitution of the replaced policy is entitled to total refund of premiums, without any recoveries, on returning the new policy at his option.

Return of Premium (ROP)-- is a type of term life insurance policy that allows for the refund of every premium paid at the end of the term period.

If you were to die during the first few years of the policy, most life insurance companies will generally issue a refund of your premiums to your beneficiaries in lieu of the actual death benefit.

On the whole, Return of Premium Term Insurance can be an excellent proposition ensuring a solid protection and a full refund of premiums at the end of the term.

Refund of premiums - If the insured outlives the policy's term, then the premiums paid will be refunded.

A 100 % refund of premium within the Free Look Period is guaranteed by all companies.

As you mentioned above, we do provide our customers with a «10 day free look» at their policy, during which they can cancel it and receive a full refund of their premium if they feel that the policy does not meet their needs.

This allows you to get the plan in place, and if you decide to cancel your plan within this period you will receive a full refund of premium, however many companies charge a small admin fee of around $ 8.

Adding a waiver of premium benefit to a policy provides an insured with a full refund of all premiums paid in addition to a waiver of any future premium in the event of permanent and total disability.

Cancellation terms where you get no refund of premiums for unused portions of cover or administrative fees;

Once the journey has commenced, there will be no refund of premium.

To this end, we provide a link to your policy in your confirmation email and offer a 10 - day free look, so should you decide the coverage doesn't work for you, you can obtain a full refund of your premium.