Sentences with phrase «time after the policy term»

In case of your unfortunate demise any time after the policy term, your family will receive Basic Sum Assured and the contract terminates immediately.

On death at any time after the Policy Term In case of unfortunate demise of Virat at age 75, his nominee will receive Basic Sum Assured of «3,00,000 and the policy terminates immediately.

On death of policyholder at any time after policy term: Basic Sum Assured.

Not exact matches

After the Fed's policy statement, traders of U.S. short - term interest - rate futures on Wednesday kept bets the Fed will raise interest rates at least two more times this year.

If you're getting insurance in order to make sure your family can cover key expenses that won't be applicable after a certain period of time, like your child's college or your mortgage, a term policy is likely a better fit.

The Local Government Association (LGA) has urged the government to scrap the controversial term - time holiday fine policy after a surge in fines and the prosecution of parents.

With Whitehurst moving to the Brown Center on Education Policy at the Brookings Institution after his term expires this month, and as drafts for IES reauthorization begin to make the Beltway rounds, it is time to assess the contribution of IES to the history of federal education research and look ahead to its future.

Survival Benefit — Here, the regular monthly income that is chosen at the time of inception of the policy for 15 yrs after the end of the premium payment term is paid to the policyholder.

Stocks surged after the Fed's policy statement was released, signalling investors approved of the modest tapering and the stronger pledge to keep short - term rates low for an extended time.

If you're getting insurance in order to make sure your family can cover key expenses that won't be applicable after a certain period of time, like your child's college or your mortgage, a term policy is likely a better fit.

Please let me know that monthly income advantage plan offered by Max Life in which after paying 12 annual premiums will get a monthly income for next 10 years & get a lump sum amount (equal approximate the premiums paid in 12 years in the beginning) plus approx. 14.5 times death benefit for the entire policy term i.e. 22 years.

The supplemental term coverage will usually drop off the policy after a period of time such as, for example, at 10 years or at age 71.

Term life maintains a fixed premium for a short period of time, after which the policy may be renewed at a higher premium.

This type of policy, which covers someone for their entire life provided the premiums are paid, differs from term insurance, which covers someone for a defined period of time (after that set time term insurance policies usually have provisions for continuing coverage, albeit at higher premiums).

For starters, there are fewer personalization options and, typically, alumni life insurance policies are only offered for five - year terms, meaning your premiums would go up after that time.

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).

A term life insurance policy lasts for a set period of time, after which it expires and you have to apply for a new policy or go uninsured.

But if you think there's a possibility that you might need the coverage for a long time, then remember that if you want to renew your term policy after it expires or buy a new term policy at that time, your age, health status or other factors may make coverage very expensive.

After the «term» period ends, some term life insurance policies do have a period of time in which they are renewable.

These policies do not have a time frame, or «term» on them, so the coverage does not expire after a certain amount of time as it does with term insurance.

Personally, I don't recommend anyone keep a term life insurance policy after the fixed time frame unless they become uninsurable.

Just keep in mind that the main concept of Term insurance is the policies terminate after designated time period.

Unlike whole life insurance policies, which are designed to remain in effect for a policyholder's entire life, term life insurance policies expire after a pre-determined time period.

Unlike a term policy, whole life lasts for the duration of the customer's life; it does not expire after a certain amount of time.

There's «annual renewable term,» which gives you one year of coverage at a time that you renew annually, «level premium term,» which you buy for a specific multiyear period — 10, 15, 25 or 30 years and «return of premium» which is like a level term policy but gives you all your money back after your term is over if you do not pass away.

When you take out a term life insurance policy, it is effective for a given period of time, such as 20 years, and must be renewed or forfeited after that time, called term, has expired.

But if you think there's a possibility that you might need the coverage for a long time, then remember that if you want to renew your term policy after it expires or buy a new term policy at that time, your age, health status or other factors may make coverage very expensive.

He could, in this instance, take a term insurance policy that extends over a period of 25 years, after which he expects his child to be self - dependent, thereby allowing him to rest easy for the said period of time.

A term insurance policy is only going to be effective for a certain period of time, and after that point, they are no longer going to be active, which means that you won't have insurance protection.

Conversion to Annually Increasing Term will result in a policy that can not be renewed after age 85 and that will become extremely expensive as time passes.

First, I thought the insurance policies are just waste of time and money but when my colleague suggested me one and after reading it's terms and conditions I found the benefits of the insurance policy.

The waiting period (also known as the elimination period) is the time after you become disabled until a long - term disability insurance policy begins to pay.

When talking about the difference between term life insurance (where the policy ends after a set amount of time) and whole life insurance (which lasts for as long as you pay premiums, but is more expensive) there's a common piece of advice that you should «buy term and invest the difference.»

For example, if I purchase a $ 1m 30 year term policy and die 20 years after purchase of the policy, the payout has a PV earnings power of $ 514k at time of death, assuming a 2 % inflation rate.

Compare that to a private long - term disability policy, which can go in force in a few weeks and has an average elimination period — the time before the benefits go into effect — of 90 days after filing a claim.

Then, after the time expires, the policy will renew on an annual term life insurance basis until the insured turns age 95.

After the covered child reaches age 25, he or she can maintain life insurance coverage by converting to a permanent life insurance policy from Protective Life for up to five times the amount of the Children's Term Life Insurance Rider coverage.

The name term means a certain length of time, 10 years for example, as the insurance policy expires after that length of time.

A term life insurance policy can frequently be renewed after its time limit, or term has elapsed.

A convertible term life insurance policy allows you to convert to a permanent life insurance policy after a certain period of time.

Unlike term life insurance, a permanent policy will not expire after a certain amount of time has elapsed.

The main concept to remember is Term insurance policies will terminate after the stated time period designated on the policy.

You can also purchase a Term life policy to cover you for the most financially volatile time in your life and then a Universal Life policy to pick up where the Term policy left off after it expires.

Most life insurance policies purchased through employers are term policies that provide coverage only during the time of employment, but sometimes an individual will continue the policy after leaving the company.

The first thing you'll need to decide is if you want a policy that remains in effect for your lifetime (permanent life insurance) or one that, after a period of time, expires (term life insurance).

The regulator has also asked the life insurers to report the matters on lapsations regularly to it,» The proceeds of the lapsed policies shall invariably be refunded to the policyholder after the expiry of the revival period or at any time after completion of 3 years term as and when demanded by the policyholder.

In other words, even if the insured does not pass away within the time frame of term coverage and lives for many years after the lapse of the policy, they will never be legally entitled to a refund or reimbursement of premium in any way.

The main concept to remember is Term policies terminate after the stated time period designated on the policy.

So, if you decide you need permanent life insurance at some point in the future after purchasing a term life policy, you may be able to convert it into permanent coverage at a higher rate based on your age at that time.

If they wish to continue the policy after the term has ended, they would need to renew the policy for another time period but it would be at a higher price and the application could possibly be rejected if the purchaser was in poor health.