Sentences with phrase «same rate class»

Most policies are convertible to a permanent policy from the same company with the same rating class you got on the original policy.

The rules are designed to permit public entity electric utility customers to install a solar generation system, sized not to exceed the aggregate of the metered annual use of the customer's qualified facilities that are all in the same rate class under the applicable tariff.

Traditionally in the past all tobacco users were all lumped together in the same rate class.

Most policies are convertible to a permanent policy from the same company with the same rating class you got on the original policy.

The same rate classes are available for both members and spouses with the Level Premium Term and Spouse Level Term insurance plan.

With this plan, the same rate classes are available for the Spouse Level Premium Term coverage.

If he was approved at preferred non-smoker rates for his term insurance, he will be converted to a permanent policy at the same rate class.

«Conditionally Covered» means that you are covered during the underwriting process as long as the insurance company eventually approves you at the same rate class that you applied.

The same rate class you were approved at?

Any of us agents who have been around for more than 10 years can attest to the fact that we were taught that the beauty of a conversion option in a term life insurance policy is the fact that you can, within the given period in the contract, convert all or part of your term life to a permanent policy at the same rate class you were originally approved at.

Regardless of your current health, this valuable feature guarantees that you'll be eligible for the same rate class as the day your policy was originally approved.

What would the NAIC stance be when company's conversion options say that the conversion will be approved at the same rate class as the original policy and at the time of conversion they don't offer a policy with that rate class available?

The converted policy can be at your original death benefit or lower, and the life insurance company will offer you the same rate class that you were originally approved for.

The other down side to Protective Life's conversion is that it promises to convert at the same rate class the clients were originally approved at or, the best rate class that is available on the product they choose.

To make matters worse for the company on conversions, they promised to convert to permanent insurance at the same rate class you were originally approved at.

«Even if their health goes downhill, they can always convert to a permanent product at the same rate class they were originally approved at».

The assumption was also that the conversion would happen at the same rate class as a person was originally approved at for the term life insurance policy.

They can convert with no additional medical exam or questioning and be placed into the same rate class as when they originally applied for their term policy.

Several of these companies have replaced the lifetime guarantee with a universal life with a 10 year guarantee that literally costs more than a new life time guarantee product at the same rate class.