Sentences with phrase «specified term»

Adjustable rate mortgages have interest rates that are fixed for a specified term, typically 3, 5, 7 or 10 years, and then adjust annually based on changes in a pre-selected index.

Balloon Mortgage: A loan that has regular monthly payments which amortize over a stated term but call for a final lump sum (balloon payment) at the end of a specified term, or maturity date, such as 10 years.

Prepayment Penalty A prepayment penalty is a fee that is charged if the loan is paid off earlier than the specified term of the loan.

Adjustable rate mortgages have interest rates that are fixed for a specified term (3, 5, 7 or 10 years) and then adjust annually based on changes in a pre-selected index.

Balloon Mortgage A mortgage with level monthly payments that amortizes over a stated term but also requires that a lump sum payment be paid at the end of an earlier specified term.

«It rerepsents investors may earn up to 40 [percent] interest per month over a specified term and an additional rate of interest calculated on a daily basis,» the notice reads.

These policies protect you against the damages during a specified term plan, which may be fifteen, twenty or three decades.

You pay the rates consistently and if you die within the specified term.

A term life insurance policy promises to pay a death benefit to a beneficiary only if the insured dies during a specified term.

Term insurance covers the risk on an individual's life for a specified term, which can be chosen to align with the working years.

Standard term life insurance policies also pay benefits to designated beneficiaries over their specified term.

In the event that you die within the specified term, the insurance company pays the exact value of the policy as a death benefit to your beneficiaries.

In the event that you die within the specified term, the insurance company pays the face value of the policy as a death benefit to your beneficiaries.

It provides coverage for a specified term of 10, 15, or 25 years.

It is a contract between you and the insurance provider for a specified term (duration), which states that as long as you pay the premiums, the company offers you a life cover.

A term life insurance policy provides death benefits upon the passing of the insured, if that policyholder dies within a specified term.

A policy holder insures his life for a specified term.

The benefit is paid only if the insured dies before the end of the specified term.

If the insured survives the specified term, the contract expires and provides no payment of any kind to the policyowner.

If he dies before that specified term is up, his estate or named beneficiary receives a payout.

The term policy is for a specified term, 88 $ of these policies never get paid out because the insured outlives or cancels the policy.

Stated more specifically, a term life insurance policy promises to pay a death benefit to a beneficiary only if the insured dies during a specified term.

Term life insurance provides a set amount of coverage for a specified term.

Term life will cover you only for a specified term - 10, 15, 20 or 30 years.

With a Level Term, the death benefit and the premium will both remain level until the end of a specified term at which point the policy will be terminated.

Term Insurance plans provide protection to the insured for a specified term during the policy period.

Endowment Insurance: A type of life insurance policy wherein the company pays the assured sum to the insured either after a specified term, or after the insured's death.

Unlike term insurance, which only provides coverage for a specified term, permanent insurance generally provides protection for the insured's entire life.

It pays a benefit only if you die during the specified term.

Rather than expire upon a specified term, your death benefit will be there when you need it most: upon death.

When the specified term of the policy ends, the policy expires and the beneficiaries are entitled to receive nothing after that point.

Permanent coverage, as opposed to level term life insurance, does not end upon a specified term.

Term life insurance provides life insurance coverage for a specified term of years for a specified premium.

Term life insurance is a less expensive policy that compensates the beneficiaries in the event of the insured's death during the specified term.

If death doesn't occur during the specified term, there will be no refund issued.

This new policy will also be in force for a specified term at a specified premium.

It is always advisable to keep the policy going till the specified term unless there is an emergency.

A permanent policy provides lifelong protection, rather than a specified term, and also accumulates value as a tax - deferred investment.

Moreover, one can choose the specified term at ease, which can be as long as up to 30 years or even more, depending on the insurance company and also, it comes in handy for covering specific needs that are relatively short term and will disappear in sometime such as mortgage payments or finances pertaining to child care or any other contingency.

There is term life insurance which will return your premiums if you are still around to collect them at the end of the specified term of coverage.

By definition, term life insurance is: life insurance that pays a benefit in the event of the death of the insured during a specified term.

Term provides coverage for a specified term of years in exchange for a specified premium.

Term policy owners will not own the policy for the rest of their lives (unless they pass away pre-maturely during the specified term period).

Definition: Life insurance that pays a benefit in the event of the death of the insured during a specified term.

This means that this type of insurance will expire after a specified term, usually between 10 to 30 years (though this can vary with individual providers).

Similarly, if you are convicted of a number of serious traffic violations within a specified term, your commercial driver's license may be disqualified or suspended.

Common types of level term — Yearly (annual) renewable term, 5 years, 10 years, 15 years, 20 years, 25 years, 30 - year renewable term, term to a specified term (65).

Child insurance provides cover to a parent for a specified term.

Certain types of term life insurance policies have renewability or convertibility features that allow you to either renew your policy for a specified term without having to undergo another medical exam or convert your term policy to a permanent or cash - value policy.

Term Life Insurance provides for life insurance coverage for a specified term of years for a specified premium.