Sentences with phrase «remainder of the insured»

There is no set time limit on a permanent life insurance policy's coverage, as many of these plans are intended to provide coverage for the remainder of an insured's lifetime (provided that the premium is paid).

It is intended to last for the remainder of the insureds life.

This means that, as long as the policy's premium is paid, the coverage will remain in force for the remainder of the insured's life.

These types of policies will typically remain in force for the remainder of the insured's lifetime (provided that the premium is paid).

As the name suggests, permanent life insurance is designed for remaining in force permanently, or throughout the remainder of the insured's life.

Typically, as long as the premium is paid, these policies will remain in force for the remainder of the insured's lifetime — which can provide added peace of mind for loved ones and survivors.

These policies would typically cost more up front, since the insurance company needs to build up sufficient cash value within the policy during the payment years to fund the policy for the remainder of the insured's life.

Unlike term life insurance, permanent plans are intended to remain in force for the remainder of the insured's lifetime — provided that the premium has been paid.

This type of life insurance coverage can last throughout the remainder of the insured's lifetime — provided that the premium is paid.

With a whole life insurance policy, the coverage is intended to remain in force for the remainder of the insured's entire lifetime — provided that the premium is paid — regardless of the insured's increasing age, and whether they contract an adverse health condition.

Permanent life insurance protection is designed to last for the remainder of the insured's lifetime — provided that the premium is paid.

Unlike term life insurance, permanent life insurance will remain in force for the remainder of the insured's life, provided that the premium is paid.

This coverage can be purchased starting at age 0, and in many instances, the policy holder will have the opportunity of converting the term policy over into a permanent life insurance policy — which can then provide coverage for the remainder of the insured's lifetime.

Doing so can extend life insurance coverage for the remainder of the insured's lifetime — provided that premiums continue to be paid.

Here, the death benefit and the premium will typically remain fixed — and the policy will stay in force for the remainder of the insured's lifetime — provided that the premium is paid.

As long as the premium is paid, a permanent life insurance policy will typically remain in force for the remainder of the insured's lifetime.

It also differs because, as the name suggests, it does not have a time limit like term insurance, but rather is intended to last for the remainder of the insured's lifetime — provided that the premium is paid.

It is also different because, unlike term that has a certain coverage length, permanent insurance will last for the remainder of the insured's lifetime, provided that the premium continues to be paid.

Rather, these policies are designed to last for the remainder of the insured's life.

Term life insurance is bought for a specific length of time and whole life insurance is bought for the remainder of the insured's life.

Upon death, the remainder of the insured's death benefit is paid to the beneficiary, just as under a traditional life insurance policy.

Permanent life insurance coverage will usually remain in force for the remainder of an insured's lifetime — provided that the premium is paid.

This is because the premiums can be locked in at a very low amount — and will remain at that low amount throughout the remainder of the insured's life.

A whole life insurance policy will provide coverage for the remainder of the insured's lifetime — as long as the premiums are paid.

Therefore, once the premium amount is locked in, it typically remains the same throughout the remainder of the insured's life.

After a number of years, the policy will be entirely paid - up and the policyowner will require no further premiums to keep the full face amount in force for the remainder of the insured's life.

Not exact matches

As a result, Titan now takes customer deposits upfront and insures the remainder of the sale with EDC credit insurance.

Provided you insured the entire family's arrangements when you bought your plan, you could all return home together and claim for the full remainder of the pre-paid family trip while limiting the stress of having to give up your vacation with no opportunity for reimbursement.

Remainder of claims were favorably settled before trial after evidence was discovered that the insured had falsified claim documents.

With a whole life insurance policy, once the insured has been approved, the policy will last for the remainder of his or her life (as long as premiums are paid).

From the other perspective, however, some claims of this type are settled for the policy limits because the aggrieved party knows that the insured has no money to pay the remainder of the claim, and they'd rather take what they can get.

(Upon the insured's death, the remainder of the death benefit will be paid out to the policy's named beneficiary).

And, up to $ 1,000 of the policy's death benefit can be made immediately available after the insured's passing while waiting for the remainder of the proceeds to be paid out.

Unlike term life insurance, permanent coverage is typically intended to remain with the insured throughout the remainder of his or her life, as long as the premium is paid.

So, if a policyholder had purchased a Colony Term universal life 10 policy, and then they decided five years after purchasing it that they wanted to have coverage for the remainder of their lifetime, then the coverage extension feature would have allowed the insured to extend the death benefit protection guarantee to either age 90, age 100, or 105 — and, this could occur without the need for the insured to provide evidence of insurability.

Remainder, if any, to be paid to the Executor or Administrator of the Insured's estate.

Provided you insured the entire family's arrangements when you bought your plan, you could all return home together and claim for the full remainder of the pre-paid family trip while limiting the stress of having to give up your vacation with no opportunity for reimbursement.

When the insured person dies, the remainder of the death benefit is paid to the Beneficiary, just as under a traditional life insurance policy.

The premium rates can start as low as $ 7.32 per month — and, provided that the premium is paid, the coverage will remain in force for the remainder of the life of the insured.

This can allow the insured to obtain life insurance for the remainder of his or her lifetime (provided that the premiums are paid).

When the insured dies, the remainder of the death benefit is paid to the beneficiary, just as under a traditional life insurance policy.

This means that the insured will be covered with a death benefit throughout the remainder of his or her lifetime — provided that the premium is paid — as well as having the ability to build up funds in a cash - value component of the policy.

If that occurs, the insured will then be covered for the remainder of his or her lifetime (provided that the premium continues to be paid), and they will be able to build up cash value in a tax - deferred manner.

This can allow the insured to have coverage that lasts for the remainder of his or her lifetime, provided that the premium is paid.

As its name implies, permanent life insurance is designed to protect an insured for the remainder of his or her life — and, in most cases, the premium will not increase due to advancing age, or even if the individual contracts an adverse health condition, once they are insured.

So by using a collateral assignment, if the owner / insured dies, the lender is paid back the amount it is owed and the remainder of the life insurance will be for the benefit of a beneficiary, such as a wife or kids.

And that's not even considering that the commercial carrier insuring the building could subrogate against the negligent tenant for the remainder of the $ 210,000 they will have paid out.

It is a life insurance policy that provides the life cover to the insured by charging mortality cost and provide a return on investment through investing the remainder portion of the premium.The policy offers both death and maturity benefits (whichever happens earlier).

As long as the outstanding balance of the insured loan, the LTV ratio and the remainder of the amortization period are not increased, the new parameters will not apply when the mortgage insurance is transferred from one home to another.