Sentences with phrase «same during the life of the policy»

Not exact matches

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.

Term life insurance assumes the risk that the policyholder will die during the policy's term - typically between 10 and 30 years and, therefore, the premiums remain the same throughout the entire term of the policy.

It is also common for insurers to be able to increase premiums across an a complete class of people that are insured under the same or similar policies during the life span of the guaranteed renewable policy.

The reason for these coverage limits is based on the same logic life insurance carriers use for classifying citizens: the higher the risk of dying during the term of a life insurance policy, the more concerned the carrier is.

Term life policies provide coverage for a set number of years — and usually, during this time period, both the proceeds and the premium due will remain the same.

Your premium remains the same during the life of a level term policy.

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.

Which means that your life insurance payment will not increase or decrease during the term length of the policy and your benefit amount will also stay the same.

On the upside, guaranteed issue policies are whole life insurance and guaranteed to pay as long as the periodic premium is paid (only for accidental death during the waiting period), the premium will remain the same throughout the life of the policy, and the insurer can not cancel as long as the periodic premium is paid.

With a term life insurance plan, the policyholder's monthly payment is the same throughout a set time period — or «term» — such as 20 or 30 years, in return for a stated amount of death benefit protection should they pass away during the time that the policy is in force.

It is a simple and conventional kind of insurance wherein in the event of death of the Life Assured any time during the policy term, the beneficiary of the policy gets a fixed sum either as a lumpsum or a monthly payout or as a combination of the same.

Also, your amount of life insurance protection will stay the same each year during your policy.

VOYA term life policies include term lengths of 10, 15, 20, 25 and 30 years, during which your rates are guaranteed to remain the same.

Genworth term life policies are available in term lengths of 10, 15, and 20 years, during which your rates are guaranteed to remain the same.

Prudential term life policies include term lengths of 10, 15, 20, and 30 years, during which your rates are guaranteed to remain the same.

Sagicor Life offers no medical exam term life insurance policies in term lengths of 10, 15, and 20 years, during which time your rates are guaranteed to remain the sLife offers no medical exam term life insurance policies in term lengths of 10, 15, and 20 years, during which time your rates are guaranteed to remain the slife insurance policies in term lengths of 10, 15, and 20 years, during which time your rates are guaranteed to remain the same.