Sentences with phrase «term life policyholders»

Many young and healthy term life policyholders choose to purchase a convertible term insurance policy because of the low - cost premiums and basic coverage that it affords their family.

Oddly, according to insurance industry think tank LIMRA, only one to two percent of term life policyholders actually take advantage of this option — a mind - boggling statistic.

Even so, most term life policyholders outlive their contracts and forfeit any premiums that they paid to keep them in force.

Return of premium life insurance exists to mitigate the disappointment that many traditional term life policyholders feel when they realize that they've outlived their policies and spent thousands of dollars that can't be recovered.

Earn AIR MILES ® reward miles When you pay your premiums monthly, you have the opportunity to collect AIR MILES ® reward miles every year as a CoverMe Term Life policyholder.

When you pay your premiums monthly, you have the opportunity to collect AIR MILES ® reward miles every year as a CoverMe Term Life policyholder.

A term life policyholder pays a small fraction of what a whole life policyholder pays for the same benefit amount.

A term life policyholder buys coverage that expires at the end of a term, usually one to 30 years.

Not exact matches

When comparing two separate term life insurance policies, you may notice that — even with the same exact coverage amounts of each of the policies — the amount of premium that is charged to the policyholder could be quite a bit different.

Term life insurance is designed to provide death benefits to the named beneficiaries of the policyholder.

Even term life can count as an asset when the policyholder invokes the living benefit clause.

The policy document has all of the pertinent information about the life insurance policy: the term, the death benefit amount, policyholder details, and so on.

Term life insurance is a life insurance policy that provides a death benefit to the policyholder's beneficiaries if that person dies within the specified «term» of the polTerm life insurance is a life insurance policy that provides a death benefit to the policyholder's beneficiaries if that person dies within the specified «term» of the polterm» of the policy.

This is because term insurance, being pure risk protection, provides life cover based on the level of risk of mortality associated with the policyholder and doesn't provide money back or returns.

b) With Extended Life Cover: The policyholder also has the option to choose for Extended Life Cover benefit at inception of the policy by paying additional premium throughout the premium paying term.

Term life insurance is a type of life insurance that only pays out a death benefit if the policyholder dies within the term of the polTerm life insurance is a type of life insurance that only pays out a death benefit if the policyholder dies within the term of the polterm of the policy.

Maturity Benefit: In case the Life Insured survives till the maturity of the Policy and all premiums are duly paid, then the Maturity benefit shall be paid as Sum Assured on Maturity to the policyholder for all premium payment term and policy terms.

Term life insurance offers policyholders a «benefit only» plan.

Term life insurance pays a death benefit to the policy beneficiary if the policyholder dies within the term of the polTerm life insurance pays a death benefit to the policy beneficiary if the policyholder dies within the term of the polterm of the policy.

Term life insurance policies are temporary and only pay out a death benefit to the beneficiary if the policyholder dies within the term of the polTerm life insurance policies are temporary and only pay out a death benefit to the beneficiary if the policyholder dies within the term of the polterm of the policy.

Bharti AXA Life Term Rider (UIN: 130B009V01): Under this rider the policyholder can increase the life insurance coverage for a nominal premLife Term Rider (UIN: 130B009V01): Under this rider the policyholder can increase the life insurance coverage for a nominal premlife insurance coverage for a nominal premium.

These excellent financial ratings exemplify Principal's commitment to stable, long term growth, providing peace of mind to all Principal life insurance policyholders.

National Life allows policyholders to convert to issue age for the first five years of the term policy, otherwise the policy converts at your attained age.

Bharti AXA Life Term Rider: Under this rider the policyholder can increase the Life Insurance coverage for a nominal premium.

Term life insurance is more straightforward: you purchase a policy for a set term, and if the policyholder dies during that term, the beneficiary receives a death beneTerm life insurance is more straightforward: you purchase a policy for a set term, and if the policyholder dies during that term, the beneficiary receives a death beneterm, and if the policyholder dies during that term, the beneficiary receives a death beneterm, the beneficiary receives a death benefit.

ROP term is especially attractive to policyholders who do not possess the wherewithal or the desire to pay whole life insurance premiums.

Finally, whole life insurance, not term life, will be eligible for annual life insurance policy dividends and it is only a certain percentage of whole life policies that pay dividends to policyholders.

Unlike term, a permanent life insurance policy will stay in force, unless it is canceled by the policyholder or the premium stops being paid for the coverage.

Similar to whole life insurance, term life coverage provides a lump sum death benefit in the event that the policyholder passes away while the policy is still active.

In case of death of the Life Insured during the Policy Term, the Sum Assured on Death will be payable to the Nominee or the Policyholder as the case may be, subject to Policy being in force.

Because of this, term life insurance can provide policyholders with a very affordable and cost effective way to purchase a large amount of death benefit for a low premium outlay.

Unlike whole life policies, which remain in effect for the policyholder's entire life, term life policies expire after a specific amount of time (typically between five to 30 years).

Initially, cash value life insurance works the same as term: The policyholder makes regular payments called premiums to keep the policy active.

Term life insurance is «pure» life insurance; the policyholder pays premiums and, if they die while the policy is in effect, their beneficiary (or beneficiaries) receives the death benefit.

Term insurance is the easiest form of life cover that pays out the assured sum on the demise of the policyholder.

Riders are modifications a policyholder can make to their level term life insurance policy to tailor it to their needs.

When comparing two separate term life insurance policies, you may notice that — even with the same exact coverage amounts of each of the policies — the amount of premium that is charged to the policyholder could be quite a bit different.

Policyholders can also purchase a 1 - year renewable term life insurance option.

Certain services offered with this value added workplace benefit may be available to MetLife Basic Term Life, Supplemental Term Life, and Accidental Death & Dismemberment (AD&D) insurance policyholders based on your company's benefit plan offering.

Term life offers coverage for a set period of time and then expires, and pays a death benefit to beneficiaries if the policyholder dies while the policy is in effect.

Birla Sun Life Vision Money Back Plus Plan Benefits are provided in the form of bonus i.e. an additional sum that a policyholder will receive during the policy term or after maturity.

In India, the word term insurance refers to a policy that provides financial cover by assuring an amount for the life of a person who is the policyholder during a specified interval of his life (called the term).

Birla Sun Life Vision Endowment Plan Benefits are provided in the form of bonus i.e. an additional sum that a policyholder will receive during the policy term or after maturity.

Unlike term insurance, a permanent life insurance policy is good for the entire life of the policyholder.

Unlike term life insurance, which only covers a policyholder for a certain number of years, universal life insurance continues to cover a person thought their entire life, even in those later years as he becomes a larger and larger investment risk for the company.

The benefit to term life is that it is much less expensive than whole life, but the con is that it does indeed expire and will not provide any benefit if the policyholder lives past the policy expiration.

This statistic leads me to believe that it only takes about three years before the term insurance policyholder realized they made a mistake and converted the policy to permanent insurance like indexed universal life.

Prudential also offers Term Elite protection, which provides policyholders the protection of term life while preparing them to convert to whole life insuraTerm Elite protection, which provides policyholders the protection of term life while preparing them to convert to whole life insuraterm life while preparing them to convert to whole life insurance.

As with the term life plans, policyholders can choose from a number of death benefit dollar amounts, including $ 5,000, $ 10,000, $ 20,000, $ 30,000 or even $ 50,000 — and just one dollar can lock in a policy of up to $ 50,000 for the first month.

Term life insurance awards a fixed amount of money at the death of the policyholder, and universal life insurance policies offer this as an option.