Sentences with phrase «scheduled premium payments»

For instance, a policy with a «no lapse guarantee» guarantees that the insurance company will pay out a death benefit as long as the policyholder makes all the scheduled premium payments in an expeditious manner.

Additionally, dividends, while not guaranteed, in participating whole life policies may be used to pay some or all of scheduled premium payments if you so choose.

It is a rather straightforward contract that specifies insurance coverage of the face amount of the policy in exchange for scheduled premium payments.

Then, make the scheduled premium payments.

The policy typically has a low «drag» due to the fact that policyholders are encouraged to schedule premium payments in excess of the minimum payment required to keep the policy in - force.

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.

Not exact matches

To minimize premium costs, he suggests considering a term life policy that expires when your payments are scheduled to end and to obtain just enough coverage to extinguish that debt.

The IRS does allow taxpayers to claim many medical and dental expenses as itemized deductions on IRS Schedule A. Eligible deductions include physicians» fees, hospital expenses, prescription drug payments and certain health insurance premiums.

Have you called the insurance company to try to arrange a way to set up a payment schedule on the premium directly instead of through the escrow account?

They just continue making the scheduled policy premium payments (or stop paying the premium all together) thinking the remaining cash value will carry the policy.

Universal Life Insurance is a flexible life insurance policy that combines the benefits of permanent life insurance protection and cash value accumulations with the convenience of adjustable premiums and payment schedules.1 And, within a Universal Life Insurance policy, cash value accumulations grow tax - deferred at competitive interest rates.

It fuses benefits of permanent life insurance plans plus cash value accumulation with customizable premiums and payment schedule, providing complete coverage with customization.

The schedule can be modified if necessary, and if you find that you ultimately can't pay it back you don't have to, although there can be tax consequences if this causes your policy to lapse for lack of premium payments.

After the premiums are allocated to each scheduled sinking fund payment, they are earned on a straight - line basis over the period of that sinking fund payment.

SL Investment Management continues the ongoing review of all policy statements to identify any scope for further optimisation of the premium payment schedules.

Frequency The scheduled mode (e.g. monthly, quarterly, etc.) for the payment of insurance premium or for income amounts as set forth in the annuity policy.

ULIP allows you to customise your saving's schedule by making use of its features such as withdrawals, multiple fund options, different premium payment options and modes.

In certain jurisdictions, this product was sold as a single premium variable annuity that has a different surrender charge schedule and minimum premium payment.

Universal Life Insurance is a flexible life insurance policy that combines the benefits of permanent life insurance protection and cash value accumulations with the convenience of adjustable premiums and payment schedules.1 And, within a Universal Life Insurance policy, cash value accumulations grow tax - deferred at competitive interest rates.

Flexibility means that withdrawals from the policy's cash value can be done without any fees, payment schedules can be adjusted whenever you want, and more premiums may be applied towards the policy.

Flexibility is available with premium payments, payment schedules and death benefits.

The truth is the premium (life insurance payment) schedule shows your premiums going up every 5 years.

Life insurance with cash value is designed to grow in total value at a guaranteed rate of return (provided that you make your premium payments on schedule).

Level premium insurance means that the amount you pay towards your policy will remain unchanged over time so long as you make your premium payments as scheduled.

That means that from the time of purchase to the end of the policy, your premium payments and death benefit should remain locked in place (so long as you make your premium payments on schedule, and haven't taken out any cash value).

A premium, which is a recurring policy payment for the enactment and life of the policy coverage, is a predetermined amount of money that must be paid in full and on time by the insured on a predetermined schedule.

To build cash value, a policyholder can remit payments more than the scheduled premium.

Insurance companies generally require payment of homeowners or renters premium payments on an annual or semi-annual schedule.

Some traditional whole life policies however provide for a modified premium payment schedule where the required premium payments may be lower in the early years and then increase to a higher amount which will then remain level for duration of the policy.

Otherwise, there are no strict premium payment schedules.

For example, the policyholder is allowed to choose — within certain limits — the length of the protection guarantee and the premium payment schedule up front.

Term plans are investments which ask for scheduled payments for a specific agreed upon time known as premiums and the benefits as per the terms and conditions of the term plan, benefits are provided to the family after the death of the insured.

Life insurance policies can also be classified according to their premium payment schedule.

Universal and variable universal life insurance policies have flexible premium payment schedules.

f insured is struck by total and permanent disablement due to an accident or illness, he or she may get future premiums payable waived off, additional monthly income of 1 % of Guaranteed Sum Aassured till the end of premium payment term, income benefits as per schedule and maturity benefits on maturity.

Thus, LIC Bima Bachat is a traditional money back plan with scheduled payments along with return of single premium paid plus loyalty additions at the end of the policy tenure.

You can purchase paid up additions by making an extra premium payment on a set schedule, typically on an annual basis.

Consider the amount as per your premium payment schedule only.

Due to the rapid nature of paying on the policy for a limited time you will pay a higher premium than a policy that has its premium payment schedule stretched out to age 100.

By automating the premium payments with the group auto insurance plan, you will eliminate a little more stress from your monthly schedule.

As the policy holder maintains the premium payment schedule, a portion of those payments goes toward increasing the death benefit payment.

For Standard Life Provisions, the company offers Salary - based Benefit Schedules; Dependent Coverage; Waiver of Premium (in case employees become disabled and so that they can continue life insurance without any premium payments), Accelerated Death Benefits (for employees with a life expectancy of 12 months), Portability (for those who want to leave their employment), Conversion (for employees to convert term life insurance to a new policy), and Bereavement Counseling (for counseling services).

Homeowners insurance is a multi-line policy, meaning that the premiums, or regularly scheduled payments made to the insurer, cover both property and liability insurance.

CUL Accumulator gives you the highest flexibility when it comes to choosing your death benefit and premium payment schedule, providing:

Policyowners whose circumstances change can later reconfigure the policy by changing the schedule of premium payments and / or the face amount or duration of coverage.

The insurance company computes the schedule of cash values based on the current program of premium payments, the face value, and the term or duration of coverage.

A universal life policy lets you build cash value, like a whole life policy does, and offers flexible premium payments and schedules to fit your life and your budget.

Because insurance companies must guarantee death benefits and a minimum schedule of cash values in most policies (except variable life policies), they must be conservative when estimating the values of the various premium pricing factors (interest, mortality, expenses, lapse rates, and risk loading factors) used to compute the required premiums under any particular premium payment plan of insurance.

I agree to any increase in deductions due to change in government regulations / service tax rates / scheduled increase as per the product features or change in frequency of premium payment and authorize Exide Life Insurance Company Limited to effect it with the bank directly.

You can also avoid late premiums by altering the payment schedule of your premiums.