Sentences with phrase «specified life risk»
For example, West Midlands Fire Service's new policy states that they will no longer respond to calls from ARCs between 08.00 hrs and 20.00 hrs unless the premises is a specified life risk building.
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Postpone: A Postpone means the life insurance company can't consider your risk until you've surpassed their specified time limit.
Term life policies are designed to cover individuals for a specified period of time and generally exclude higher risk age categories.
A life term insurance is a legal contract which specifies the terms and conditions of the risks assumed and the benefits offered.
Underwriting is the process of assessing risk in the life of the insured person and specifying the cost in terms of Premium for the Life Cover (Sum Assurlife of the insured person and specifying the cost in terms of Premium for the Life Cover (Sum AssurLife Cover (Sum Assured).
An insurer (also known as an insurance company) offers, for a price, to take on some or all of a specified risk, and to pay an agreed - upon amount in the event of a loss.Generally, risks will fall into two broad categories: property and casualty, and life and health.
Term insurance covers the risk on an individual's life for a specified term, which can be chosen to align with the working years.
Therefore the insurance companies risk is reduced as they are only providing the life insurance for the specified time.
In addition, the legislation specifies priority for serving specific high - risk populations including those who are living in an at - risk community; low - income, pregnant women younger than 21 years; families with a history of child abuse or neglect; families with a history of substance abuse; families with tobacco users; families with children with low student achievement or developmental delays; and military families.