Sentences with phrase «specified amount of insurance»

A specified amount of insurance is provided during the term for a fixed rate.

A rider that provides the policyowner the right to purchase a specified amount of insurance coverage similar to the original policy without providing evidence of insurability.

Not exact matches

A deductible is a specified amount of money that the insured person must pay before an insurance company will pay a claim.

For example, the Public Accounts / Budget / Updates includes employment insurance program costs, as the government has full control over this program, determining the premium rates and eligibility and the amount of the benefits, whereas the Estimates excludes them, on the basis that they are included as part of a specified purpose account.

The property settlement agreement should specify the policy death benefit amount, the type of life insurance policy, what the policy is intended to secure, and who make the premium payments.

With an annuity, you pay an insurance company up front in exchange for a promise that they pay you a set amount for the rest of your life or for however long the contract specifies.

Many people find that their lease requires them to maintain «personal liability insurance» in a specified amount, often $ 100,000 of coverage.

Term life insurance offers a specified amount of death benefit for a specified term.

The interest rate will be specified upfront and will vary based on the amount you're investing, your investment horizon, the credit rating of the insurance company, and market conditions at the time of purchase.

It's also different from whole life insurance in that it protects you for a defined and limited amount of time, which is specified in your policy.

If any one of the persons specified is a senior citizen and Mediclaim Insurance premium is paid for such senior citizen then the deduction amount will be Rs. 50,000 from FY 2018 - 19 (AY 2019 - 20).

Because the death benefit amount of your cash value life insurance policy may change over time as its cash value grows, make sure to specify a percentage of the proceeds to go to your beneficiaries rather than selecting a dollar amount.

Term life insurance runs for a specified amount of time before it ceases coverage.

Benefit: For life insurance, it is the amount of money specified in a life insurance contract to be paid to the beneficiary upon the death of the insured.

However, almost all renters insurance policies will only cover up to a specified amount for certain categories, jewelry and furs being one of them.

Whole life insurance defined: A whole life policy is a type of permanent life insurance where a contract is entered into between the policy owner and insurer, for a policy, which covers the life of the insured, for a specified insurance coverage amount, for the benefit of a beneficiary.

If you need or want to stop paying premiums, you can use the cash value to continue your current insurance protection for a specified time or to provide a lesser amount of death benefit protection covering you for your lifetime.

You purchase critical illness insurance, like term life insurance, for a specified amount of time.

A feature that may be offered under an annuity contract in which the insurance company promises an individual may withdraw a specified amount from an account, even if the account balance is reduced to zero: (1) for the life of the individual, or the joint lives of two individuals (e.g., the individual and spouse); or (2) for a specified period of time.

Typically, the pension benefit is offset or reduced by either: (1) the amount of Social Security benefit the participant would receive at Social Security Normal Retirement Age (this amount is known as the «primary insurance amount»), or (2) the amount of Social Security benefit the participant would receive at an age or date specified by the plan.

Buying auto insurance industry has made it so their cars insured without breaks in and the driver is not likely to be thancredit cards are: as mentioned above, it is a necessity in being responsible is the day so that it is important to consider when buying insurance a standard service, you havepoints against your auto insurance policy for a specified amount of coverage offered, and they have this in the US aren't as excellent as adult women.

An insurance claim settlement is an agreement between you and the at - fault party's insurance company which specifies the amount of money the insurance company will pay for your injuries.

For example, it is possible to have a separation agreement drafted where you and your ex-spouse have reciprocal provisions that require each of you to maintain a specified amount of life insurance and to be appointed as a trustee of the other's life insurance proceeds for the benefit of the children of the relationship.

The firm's aggregate liability in respect of all claims by addressees of the retainer letter shall be limited to any amount specified in that letter or, if no amount is specified there, to # 25 million or the firm's professional indemnity insurance cover from time to time, whichever is the greater.

In India, the word term insurance refers to a policy that provides financial cover by assuring an amount for the life of a person who is the policyholder during a specified interval of his life (called the term).

Life insurance, meanwhile, generates an estate, diminishes the financial uncertainty of passing away too soon, grants the beneficiary a specified amount at death of the policyholder in exchange for a premium which is determined by sex, age, type of insurance, amount of death benefit and health.

If you need or want to stop paying premiums, you can use the cash value to continue your current insurance protection for a specified time or to provide a lesser amount of death benefit protection covering you for your lifetime.

On the other hand, term insurance provides coverage for a specified amount of time.There are different types of term life insurance, but the most common is level term.

Life — Endowment - insurance that pays the same benefit amount should the insured die during the term of the contract, or if the insured survives to the end of the specified coverage term or age.

The coverage is normally subject to a total specified limit on the amount of towing and labor costs, depending on the insurance company you are dealing with.

Life insurance is financial coverage that pays a specified amount of money to a chosen beneficiary upon the death of the main policy holder.

With decreasing term insurance, you purchase a specified amount of life insurance at guaranteed level rate and the insurance coverage reduces over time.

For example, if someone were to slip and fall on your property, and then as a result needed to take some time off work, your home insurance would help you cover the cost of those expenses up to a specified amount.

Survival Benefit: - This is a fixed amount paid by a life insurance company at the end of a specified duration.

Added to a Whole Life or Universal Life policy, a term insurance rider can provide a fixed amount of term insurance for a specified period of time.

A level term rider lets you add to a permanent policy a fixed amount of term insurance for a specified period of time only.

Life insurance companies are legally required to keep a specified amount of reserves on hand — capital that's available to pay out death benefits in a worst case scenario.

Term - life insurance provides coverage for a specified amount of time — let's say 15 or 20 years.

Annual travel insurance plans are different from multi-trip plans, which are used to cover multiple trips over a specified amount of time.

Term life insurance lasts for a specified amount of time (the term) and expires once that time is up.

Renters insurance deductibles are generally specified as a dollar amount, which can be found on the Declarations page of your policy.

Whole life insurance: The most common type of permanent life insurance, in which premiums generally remain constant over the life of the policy and must be paid periodically in the amount specified in the policy.

For the purpose of this section, an «uninsured motor vehicle» shall be a motor vehicle as to which there is no bodily injury liability insurance and property damage liability insurance in at least the amounts specified in subsection (c) of G.S. 20 - 279.5, or there is that insurance but the insurance company writing the insurance denies coverage thereunder, or has become bankrupt, or there is no bond or deposit of money or securities as provided in G.S. 20 - 279.24 or 20 - 279.25 in lieu of the bodily injury and property damage liability insurance, or the owner of the motor vehicle has not qualified as a self - insurer under the provisions of G.S. 20 - 279.33, or a vehicle that is not subject to the provisions of the Motor Vehicle Safety and Financial Responsibility Act; but the term «uninsured motor vehicle» shall not include:

All types of life insurance policies pay a specified amount of money if something happens to you.

Premium is defined as the specified amount of payment required periodically by an insurer to provide coverage under a given insurance plan for a defined period of time.

Specialty car insurance provides specialized coverage for the above type of vehicles, and usually provides coverage up to a specified amount in the coverage policy contract.

Term insurance, or protection only insurance, is the cheapest type of life insurance cover and guarantees a payment of a fixed amount should you die within a specified period or term.

By default, a term life insurance is designed to expire after a specified amount of time, usually between 5 and 30 years.

Like your traditional term life insurance, they are available to offer a specified, level death benefit and level premium for a given amount of time, chosen at the time of application.

With both life insurance and key man life, there is a policy owner who makes premium payments to a life insurance company for the guarantee a specified amount of money, referred to as the death benefit, will be payable to the beneficiary.