Sentences with phrase «remaining life of the insured»

Not exact matches

Whole life remains in effect for the lifetime of the insured or until you no longer pay the premiums and the policy lapses.

LIC still occupy 70 % of Life insurance business and has been the main culprit of its investors perennially remaining under - insured.

Also, because the federal government insures these loans, you have to pay an upfront mortgage insurance premium (currently, the fee is about 1.75 %) and annual mortgage insurance (typically 0.85 % of the borrowed loan amount), which remains throughout the life of the loan (or until you can refinance the loan into a conventional mortgage).

However, FHA remains responsible for insuring 100 percent of the outstanding loan balance throughout the entire life of the loan, a term which often extends far beyond the cessation of these MIP payments.

In any case, it is important to note that with the PlanRight final expense whole life insurance policy, regardless of the insured's health condition, provided that the premiums remain paid, the coverage will never be cancelled by the insurance company.

The features promised in the TV commercials include: «A reverse mortgage is a safe government insured loan, allows borrowers to remain in their home for life, no mortgage payments, create a stable secure retirement, provide additional income, a better quality of life.

During the period that is selected, the amount of the premium rate will remain the same — and, as long as the premium is paid, the policy will guarantee a level amount of life insurance protection up to the insured's age 95.

Numerous in - force decreasing term insurance policies take the form of mortgage life insurance, which affixes its benefit to the remaining mortgage of an insured's home.

The borrower must be the owner of the policy, but not necessarily the insured, and the policy must remain current for the life of the loan with the owner continuing to pay all necessary premiums.

Once the term of coverage has elapsed, the insured on a term life policy will need to obtain a new policy if he or she wants to remain insured.

(Term life insurance policies are only in force for a certain, set period of time such as 10, 15, 20, 25, or 30 years and then they will automatically expire, leaving the insured to have to re-qualify for coverage if they want to remain insured at their then - current age and health condition).

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.

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.

Permanent life insurance — Life insurance, such as whole life, that remains in effect for the life of the insulife insurance — Life insurance, such as whole life, that remains in effect for the life of the insuLife insurance, such as whole life, that remains in effect for the life of the insulife, that remains in effect for the life of the insulife of the insured.

Once an individual has been approved for a burial insurance plan with Americo, the premium will remain level throughout the life of the policy — and, provided that the premium continues to be paid, the coverage can not be canceled due to the insured's age or health status.

Once the period of time has expired, however, the insured will need to either re-apply or convert over to a permanent life insurance policy (if applicable) if he or she wishes to remain covered.

Whole life insurance, or whole of life assurance (in the Commonwealth of Nations), sometimes called «straight life» or «ordinary life,» is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity date.

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

Permanent life insurance is life insurance that covers the remaining lifetime of the insured.

This ensures the trust remains separate from the insured person's estate and the life insurance funds can't be taxed as part of this estate.

Also, the premium will remain level throughout the entire life of the policy — even as the insured ages, and if he or she contracts an adverse health issue.

Whole Life Insurance, or Whole of Life Assurance (in the Commonwealth), is a life insurance policy that remains in force for the insured's whole life and requires (in most cases) premiums to be paid every year into the polLife Insurance, or Whole of Life Assurance (in the Commonwealth), is a life insurance policy that remains in force for the insured's whole life and requires (in most cases) premiums to be paid every year into the polLife Assurance (in the Commonwealth), is a life insurance policy that remains in force for the insured's whole life and requires (in most cases) premiums to be paid every year into the pollife insurance policy that remains in force for the insured's whole life and requires (in most cases) premiums to be paid every year into the pollife and requires (in most cases) premiums to be paid every year into the policy.

Whole life insurance policies remain in force for the lifetime of the insured.

In most cases, the premium will remain the same with permanent life insurance — even as the insured gets older, and regardless of whether he or she contracts an adverse health condition.

Option A is often referred to as a «level death benefit»; death benefits remain level for the life of the insured, and premiums are lower than policies with Option B death benefits, which pay the policy's cash value — i.e., a face amount plus earnings / interest.

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.

It is called «ordinary» because the premiums remain «level,» unchanged for the life of the insured.

With whole life insurance, the coverage will remain in force for the «whole» of the insured's lifetime — as long as the premium is paid.

This type of coverage is a type of permanent life insurance coverage, meaning that the death benefit will remain as long as the insured continues to pay the premiums.

The insurance comes with an accelerated death benefit rider which pays out early if the insured is diagnosed with a terminal illness and given less than 12 months or if the insured is confined to a nursing home for more than 90 days and is expected to remain confined for the duration of the insured's life.

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.

The additional perceived costs associated with whole life insurance are often in the inflated premiums that help to build cash value and allow the contract to remain in force for the life of the insured.

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.

Whole life insurance began as a «term to age 100» life insurance product in response to market demands for an insurance policy that would remain in force for as long as the insured was still alive and that would provide some type of guarantee of benefits when the insured finally did pass away.

Ordinary whole life policies have level premium payments that remain the same for the life of the insured.

Therefore, the coverage can oftentimes remain in force for the life of the insured — provided that the premium continues to be paid.

Because Universal life is a form of permanent life insurance coverage, these policies will remain in force for the insured's lifetime, provided that the premium continues to be paid.

During the period that is selected, the amount of the premium rate will remain the same — and, as long as the premium is paid, the policy will guarantee a level amount of life insurance protection up to the insured's age 95.

Accelerated Death Benefit — available to insured employees with a life expectancy of 12 months or less allowing them to collect a percentage of their life insurance benefit early and the remaining benefit is then payable to the beneficiary.

Therefore, even if an insured changes jobs or retires, the life insurance will remain in force, provided that the insured is still a member of the AICPA organization.

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.

Provided that the insured survives throughout the time period of the policy, and he or she wishes to remain covered by life insurance, they will need to re-qualify for a new policy at their then - current age and health status.

Permanent life insurance, unlike term, is not in force for any set period of time, but rather it is intended to remain for the life of the insured — provided that the premium is paid.

In addition, the amount of the premium with whole life insurance will remain the same — regardless of whether the insured contracts an adverse health condition in the future.

One of the easiest ways to ensure that your future and your 401k plan is protected is to remain properly insured for anything and everything that life might throw your way.

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.

The single premium payment whole life insurance policy will also remain in force for the entire lifetime of the insured.

With whole life insurance, the coverage will remain in force throughout the entire lifetime of the insured — as long as the premium is paid.

If the hypothetical family of the insured is not entitled to the death benefit of a life insurance policy and the hypothetical person passes away, they now are stuck paying for a very expensive burial process, paying taxes on the remaining estate, and dealing with maintaining their lifestyle and providing for their well being.

These two elements vary over the life of the insured, but the total scheduled premium payment remains the same for the life of the traditional whole life policy.