Sentences with phrase «secondary life insured»

You can opt for «Joint Life Protection» wherein one can opt two lives, yours (primary life insured) and your spouse (secondary life insured) under the same policy.

Not exact matches

According to the company's website, they generate home loans «with the intention of servicing them for the life of the term,» with the exception of FHA - insured products, which are sold to investors in the secondary market.

For example, AIG differentiates the risks of secondary homes based on whether they insure your primary residence, if a full - time housekeeper lives in the home, if a caretaker lives on the grounds of the estate or if a maintenance company checks on the home.

With the No - Lapse feature (or «Secondary Guarantee»), the policy promises to stay in effect for the guaranteed period (usually the insured's life) if the premium is paid on time, even if the cash value has run out.

This act allows the court to decide that the life policy proceeds are paid as if the insured outlived the primary beneficiary and if a secondary beneficiary is named, he or she will receive the death benefit proceeds.

When one has children and names a secondary life insurance beneficiary other than their child, that secondary party is the person whom the insured trusts to make sure the money is used to help the child rather than for the beneficiary's own personal gain.

According to the company's website, they generate home loans «with the intention of servicing them for the life of the term,» with the exception of FHA - insured products, which are sold to investors in the secondary market.