Sentences with phrase «stipulated in your term life policy»

It's important to understand that term life may offer you the option to convert your life insurance plan into a permanent life insurance policy by some future date stipulated in your term life policy.

Not exact matches

In contrast to term insurance, a whole life insurance policy pays the death benefit stipulated in the contract upon the death of the insured, regardless of when it may occuIn contrast to term insurance, a whole life insurance policy pays the death benefit stipulated in the contract upon the death of the insured, regardless of when it may occuin the contract upon the death of the insured, regardless of when it may occur.

In simple terms, you buy the best life insurance policy, pay a stipulated premium amount and when you pass away the amount is transferred to your beneficiary or beneficiaries, as the case may be.

This term plans offer you the option of converting your basic term plan into a whole life insurance plan or investing in an endowment policy, after spending a stipulated amount of time in the pure term plan.

There is another type of claim called as Maturity Claim in which the payment to the Life Insured at the end of the stipulated policy term is called maturity claim.

In case of death of the life assured before the end of the stipulated policy term, the sum of Sum Assured on Death, vested Simple Reversionary Bonuses and Final Additional Bonus is payable, provided the policy is in - forcIn case of death of the life assured before the end of the stipulated policy term, the sum of Sum Assured on Death, vested Simple Reversionary Bonuses and Final Additional Bonus is payable, provided the policy is in - forcin - force.

In case of death of the life assured after the end of the stipulated policy term, the Basic Sum Assured is payable, provided the policy is in - forcIn case of death of the life assured after the end of the stipulated policy term, the Basic Sum Assured is payable, provided the policy is in - forcin - force.