Sentences with phrase «specified in the policy»

Universal life insurance policies, on the other hand, will often specify in the policy at what age it matures.

That means that if there's a loss of the type specified in the policy, they will indemnify you for that loss.

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.

Critical illness insurance is a type of insurance that makes a payment if the policyholder is diagnosed with an illness specified in their policy, or undergoes a specified medical procedure (e.g., heart surgery).

Alternate Care Benefit: Provides coverage for certain qualified services or treatments not specified in the policy, since scientific advancements may present better options than we currently know about.

These are different from paid - up insurance, however, in that the life insurance is only in force for the duration of the term specified in the policy.

When you pay premiums, a portion of the money goes towards the policy's cash value, which grows according to a rate specified in the policy.

If the insured dies during the time period specified in the policy and the policy is active — or in force — then a death benefit will be paid.

1 No Lapse Guarantee is subject to the terms and conditions specified in the policy.

This is essentially a term life insurance policy that lasts until you're 121, or a particular age specified in the policy document.

The coverage, however, is limited to the amount specified in your policy.

Broad only covers you from «named perils» that are specified in the policy, and nothing else.

Consider the HO - 3 Special policy, which covers your dwelling for every peril except flood, earthquake, war, nuclear accident, and others specified in your policy.

Principal amounts are covered up to the maximum insured percentages stated below or as specified in the policy declarations.

30 % of the part of an insurance policy premium (for a policy that is not a * whole of life policy or an * endowment policy) that is specified in the policy as being for a distinct part of the policy, if that part would have been a whole of life policy had it been a separate policy

Collision coverage to cover your costs after a crash with a vehicle or objects specified in your policy

This cover will pay out a lump sum on diagnosis of a condition as specified in the policy wording.

Pays a fixed benefit if your luggage is delayed for the time period specified in your policy.

Reimburses you if your luggage is delayed for the time period specified in your policy.

Pays a fixed benefit if you are confined to an airplane on the tarmac for the number of minutes specified in the policy.

(a) the named insured, any person specified in the policy as a driver of the insured automobile and, if the named insured is an individual, the spouse of the named insured and a dependant of the named insured or of his or her spouse,

(ii) was the named insured, a person specified in the policy as a driver of the insured automobile, the spouse of the named insured or a dependant of the named insured or spouse and was an occupant of an automobile,

(ii) the named insured, a person specified in the policy as a driver of the insured automobile, the spouse of the named insured or a dependant of the named insured or spouse, while the occupant of any automobile,

(a) the named insured, any person specified in the policy as a driver of the insured automobile, the spouse of the named insured and any dependant of the named insured or spouse, if the named insured, specified driver, spouse or dependant,

Policies may also provide that only a certain individual or individuals — often the person or persons in charge of the human resources function at a company — are permitted to give references, and any reference requests must be referred to the individuals specified in the policy.

S. 3 (7)(f) SABS - «Regular Use» and «Deemed Named Insured», insured by reason of «being specified in the policy» and election provisions of S. 59 SABS

The question was whether he was specified in the policy as a driver of the insured automobile by virtue of being listed on the Certificate as one of the drivers on the policy, notwithstanding being excluded from driving any of the vehicles on the same policy.

Personal Injury Protection (PIP) is an insurance coverage for medical and other expenses such as lost wages resulting from an auto accident, for people specified in the policy, regardless of who is at fault in the accident.

Under s. 3 (1) of the SABS, an «insured person» is defined as «any person specified in the policy as a driver of the insured automobile».

Your ANNUITYLife policy is guaranteed to earn a minimum crediting rate (specified in your policy) less administrative charges for mortality and expenses.

They must be purchased before a certain age and are only good until a child reaches the age specified in the policy.

The death benefit would be payable to the nominee which has been specified in the policy.

In the case of a fatal accident, death usually must occur within a period of time specified in the policy.

Your Value - Added Whole Life policy is guaranteed over the life of the policy to earn a minimum crediting rate (specified in your policy) less charges for mortality and expenses.

Personal injury protection (PIP or MEDEX) pays a per - person benefit amount for injuries you (the insured), and others specified in your policy, sustain in an auto accident.

The premium's flexibility is specified in each policy.

Should the policyholder die while a life insurance policy is in force, then the life insurance company will pay out the death benefits specified in the policy.

This type of policy provides financial protection for a certain amount of time — the length or term specified in the policy — and has a predetermined benefit.

Personal injury protection: This type of insurance coverage is for medical and other expenses resulting from an automobile accident for the people specified in the policy, regardless of who is at fault in the accident.

Critical illness insurance is a product in which an insurer will make a lump sum payment to the policyholder if the insured becomes diagnosed with an illness specified in the policy.

For myself, I am covered only for $ 50,000 if I die in an auto accident and $ 20,000 for all other accidents as specified in the policy.

Should the policyholder pass away within the time period specified in the policy, the beneficiary receives the benefit stated within the policy.

All non-linked products will have to be classified as participating and non-participating products and all benefit accrual will be either at the beginning of every quarter or half - yearly or at the end of the financial year as specified in the policy.

The same consequences may arise if you do not promptly notify the insurer of any changes that increase the risk specified in the policy and result from events within your control that are likely to influence the insurer in setting the premium, or deciding to continue to insure the risk.

If you were to die during the time period specified in your policy (and the policy remains in force), then a death benefit will be paid out.

Defense expenses are also included in the policies and this cover does not diminish the overall limit of the liability as specified in the policy.

In essence, a pre-existing condition exists when medical care or treatment has been required within the time period specified in the policy.

This benefit is based on a formula specified in your policy and it is generally a percentage of the full benefit.

For example, high blood pressure may be considered a controlled pre-existing condition if the patient has not had a change in medication or its dosage within the time period specified in the policy.

This means that policy holders will only get financial compensation for losses that are incurred during the period of time that is specified in their policies.