Sentences with phrase «time of policy issue»

Actual amounts are dependent upon interest rates in effect at time of policy issue.

Payouts are subject to change and will vary dependent upon age, gender, payout option and premium amount, and interest in effect at time of policy issue.

In addition, an optional enhanced death benefit is also available if the annuity owner selects the life income option with a protected period at the time of policy issue.

This contrasts with whole life, whereby the premium is fixed at the time of policy issue.

Terminal Illness — In the event that the insured is found ineligible for critical or chronic illness coverage at the time of policy issue, terminal illness coverage may still apply.

Since these are unknowns at the time of policy issue, you can run illustrations, or projections, showing how long the policy is estimated to stay in good standing.

In addition, with the policy's no - lapse guarantee, the policy will essentially be protected from lapsing for a period of up to 20 years — depending on the age of the insured at the time of policy issue.

At the time of policy issue, you were in excellent health and rated at «Preferred Non Tobacco».

I was 25 years old at that time of policy issue.

Another endorsement — the Income Protection Option (IPO)-- will allow the policy owner to choose a specific form of payout for the policy's death benefit, including either a lump sum at various times or monthly payments to the beneficiary, at the time of policy issue.

In addition, an optional enhanced death benefit is also available if the annuity owner selects the life income option with a protected period at the time of policy issue.

The benefit amount is known at the time of policy issue and unlike 101 (g), riders pay for both temporary and permanent benefits.