Sentences with phrase «surrender options»

However in case of surrender option, the decision can be dependent on the total tenure too.

NHS also provides assistance to those that are unable to keep their animal and are researching surrender options.

Additionally, term life insurance offers so surrender options.

When I asked my LIC agent he says Paid - up option is not allowed on these policies and only surrender option is available.

Cash Surrender Option: A type of non-forfeiture option that allows the insured to cancel his or her coverage in return for the full net cash value in one lump - sum payment.

Application requests for such information as: • Policy loan options • Partial surrender options • Dividend withdrawal amount • Method of distribution • Federal tax withholding information • Taxpayer ID certification

To clarify, the TransAce can be paid monthly or annually like any other policy and you can still qualify for the multiflex surrender option.

In addition, all of the industry - standard life insurance coverage options are provided, including a cash surrender option that will return a policy holder's balance following a cancellation, and a survivorship policy option that will extend coverage to a second party.

Permanent life insurance policies may include cash value accounts, policy loans, surrender options / fees, etc..

Surrender Option & Surrender Value: Policy holders can surrender the policy at any time during the term of the policy.

Of course, that would mean your policy would be surrendered or lapsed and no death benefit would be payable if you were to take that surrender option and take the cash payout.

You may visit my post on «how to get rid off bad or unwanted insurance» to know more about PAID - UP and SURRENDER options.