Sentences with phrase «risk policy holder»

Life insurance companies usually have specific ratings categories for their policies, depending upon what type of risk a policy holder is considered to be.

The company might regard you as a high risk policy holder, and so your premiums might go up in order to protect the provider.

As a result, the OH company will likely consider you a high - risk policy holder, and then subsequently increase your premiums.

Simply put, this means insurers charge low risk policy holders more than they should, in order to hold rates down for higher risk policies.

Not exact matches

There is simply too much political risk in that sub-sector, and a weaker economy may lead some policy holders to stop paying their premiums.

With a VUL the insurance company has passed the risk to the policy holder, in exchange for greater choice and potential gains.

When the savings component of the insurance policy is separated from the death benefit, the risk is transferred to the policy holder.

As such the risk is on your shoulders as a policy holder.

Without guarantees the policy holder is required to accept risk.

Synergy Risk Management is a multi-disciplinary approach involving underwriting, claims and loss control professionals to help eligible policy holders reduce the frequency and severity of accidents, and the exposures that lead to accidents.

Additionally, with an annuity, policy holders have the option of collecting payouts from the annuity over the course of their lifetime, countering the risk that a retiree can outlive his / her income.

Insurance providers do their best to gauge each individual policy holder's potential risk; and since risk to a vehicle tends to be significantly lower in rural areas and places where population density is low, it's easier to understand how even large, national insurance providers are able to offer such bargains here.

Most Dallas insurance companies offer discounts to policy holders who they feel pose less of a risk.

Many District of Columbia insurance companies offer discounts to policy holders who seem less of a risk.

Just about every Philadelphia insurance provider will offer discounts to policy holders who reduce their risk factors.

There are two main types of insurance: Term and Permanent, whereas term insurance is covering the risk of a policy holder dying for a predefined time period, say 20 years, and permanent insurance provides lifetime coverage.

Since the investor (i.e. the policy holder) is assuming virtually all of the risk for the underlying investment, he / she is not being compensated for said risk.

«More frequent job changes place policy holders at risk for losing their life insurance coverage.»

A longevity risk is any potential risk attached to the increasing life expectancy of pensioners and policy holders, which can eventually result in higher pay - out ratios than expected for many pension funds and insurance companies.

Insurance discounts for policy holders who undertake building modifications that reduce flood risk, for example, are one way that EIs can encourage adaptive behavior.

The insurance companies that write these policies understand the proper care and maintenance of wood floors better than most because they spend money to research ways for their policy holders to minimize the risks of one of these events from occurring.

The amount you pay each month, or annually if you prefer, is determined based on your preserved risk as a policy holder.

As can be seen from our example there are clear boundaries of risk which make it easy for insurance companies to balance risk with the premiums charged to policy holders.

Most policy holders give more or less importance on these factors, there are several basic principles that need to be applied in setting medical insurance premium, and nearly all are based on risk.

Following traffic rules and driving safe not only reduces the risk for drivers on the road, but also keeps the policy holder safe and protected.

Deductible is considered in order to lower any insurance company's risk level and intact legislate insurance policy holder's premium.

In some cases an insurer and the policy holder agree to share the risk involved in a policy.

Inflation protection is particularly important to a policy holder when they can reasonably expect some of the risks covered by the policy to result in long - term benefit payment.

Aviva Life Insurance offers many protection plans that protect the policy - holder against all risks that might arise due to miss - happenings.

The following are just a few of the hundreds, if not thousands of factors that insurance providers use to determine your risk as a policy holder:

This is of particular benefit to policy holders in that their premiums are a reflection of the risk that the insurance company is exposed to, and while no - one wants to pay higher premiums this can be balanced against the need to ensure that premiums actually provide the benefits set out in the policy rather than going unpaid if the insurer were to fall into insolvency.

A Red Deer mortgage insurance policy effectively protects them against the normal risks association with lending money to buyers (e.g.: should the policy - holder (for some reason or another) stop paying their loan, lenders or investors won't suffer.)

In case of unfortunate death of the policy holder death risk commencement, only premium paid will be paid back.

As such it may be possible to intervene prior to an insurance company failing to renew its financial robustness and thus protect policy holders from risk exposure they hadn't planned for.

Costs for auto insurance policies vary according a number of factors, including the risk group the policy holder falls into, the type of car to be covered and type of coverage selected.

In the United States individual state insurance departments hold the responsibility for auditing (examining) an insurance company and generally this is to decide whether the firm is being soundly managed (on a fiscal basis) and that the policy holders are properly protected in line with the firm's level of risk exposure.

Most insurance companies will not accept liability for deliberate actions on the part of the policy holder that increase the level of risk of them being held liable for their actions.

As the investment risk will be borne completely by the policy holder you need to monitor the policy closely and actively.

Like collision, comprehensive coverage protects the policy holder against the risk of financial loss due to damage to the insured vehicle.

They'll collect as much data as possible from credit histories, to information about the age or sex of policy holders, to any other important information that may increase the risk under a policy.

A deductible shifts more of the accident cost onto the policy holder, but it's something worth looking into if a high risk driver is just a little bit more of a risk, pushing insurance costs just above what he or she can afford.

Uninsured motorist protection is quite simply a form of coverage that protects the insured policy holder against the risk of uncompensated losses following an accident with a driver who has no auto insurance and is found liable for the crash.

Most Dallas insurance companies offer discounts to policy holders who they feel pose less of a risk.

Many District of Columbia insurance companies offer discounts to policy holders who seem less of a risk.

In essence, full coverage would not ask us as policy holders to take on any of the financial risk of driving an automobile as it relates to possible claims situations.

Upon discontinuation of the policy, the holder can either revive the policy or completely withdraw without any risk cover.

As the policy holder, you would first be assessed for «insurability,» which is a term for the overall risk of insuring an individual based on a number of factors such as age, occupation, lifestyle and overall health.

American General also recognizes different people prefer different styles of policies for their different aversions to risk, so they've offered the Elite Survivor Index II, which boasts multiple options for the policy holder to choose from.

In addition to having low exposure to risk or market vagaries, the recent IRDA guidelines have ensured that these plans are now more transparent and attractive to policy holders.

ULIP is a life insurance product, which provides risk cover for the policy holder along with investment options to invest in any number of qualified investments.