Sentences with phrase «to die within the term»

Term life insurance provides coverage for a specific period of time and pays out a death benefit to the beneficiary if the policyholder dies within the term of the policy.

Also, no benefits would be paid if the insured doesn't die within the term period.

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 policy.

However, term life insurance only provides death benefits, and only if the insured dies within the term of the policy.

That is true but ask yourself this question, suppose you don't die within the term period would there be any money to get back.

In the policy, the company agrees to pay a stated sum of money to the policyholder's beneficiaries if the insured person dies within the term period.

A beneficiary is issued funds if the individual dies within the term.

This is unlike term life insurance where the insured chooses a specific term and must die within that term for their beneficiaries to be paid the death benefit.

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 policy.

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

A term policy only pays off if the insured dies within the term.

If you would die within the term period, your beneficiaries would receive a payout.

If the insured does not die within the term of the plan, then no payment is made to the policy holder.

Under this benefit, in case the holder of the policy dies within the term of the policy than the sum assured on death plus simple reversionary bonuses and the Final Additional Bonus is there then it will be given.

If the person covered by the life insurance policy dies within that term, the beneficiary (in this case, their parent) will receive a death benefit.

Such policy articulates the person who will obtain the proceeds, which is the amount of the death benefit, from the insurance business company whenever the designated person insured dies within the term of the insurance contract policy.

The company promises to pay a death benefit to a beneficiary when the insured dies as long if the insured meets the conditions of the contract (for example, dying within the term period).

As you search for a lost policy, keep in mind that if it was a term life insurance policy, then you as the beneficiary collect the benefit only if the insured person died within the term.

If the policyholder dies within the term of the policy — and the policyholder has paid the premiums and the policy is in good standing — the insurance provider will pay a death benefit to policy's named beneficiaries.

Term insurance plan pays the loss of life advantage if the covered dies within the term of the plan.

If you die within the term, your beneficiaries receive the death benefit amount to help replace your income.

Your payment is fixed for the entire length of the policy and the amount of the payout to your loved ones — if you were to die within the term — is fixed when you buy the policy.

If you die within the term and there is a loan against the policy, your beneficiaries will receive the death benefit minus the loan plus interest.

If the insured dies within this term (10, 15, 20, 25, 30, or 35 years), the life insurance company pays a lump sum death benefit to the policy's beneficiaries.

Your payment is fixed for the entire length of the policy and the amount of the payout to your loved ones — if you were to die within the term — is fixed when you buy the policy.

If you die within the term, your beneficiaries receive the death benefit amount to help replace your income.

If you die within the term and there is a loan against the policy, your beneficiaries will receive the death benefit minus the loan plus interest.

Term life coverage means that the face value of your policy will be paid to your beneficiary if you die within the term period and not afterward — unless the term policy is renewed upon its expiration, which almost always means higher premiums.

Term life policies provide financial protection for a predetermined period of time and pay out a death benefit to the beneficiary if the policyholder dies within the term.

After all, life insurance is based on risk factors, and the older that you are the greater the risk you present to the insurance company of dying within the term of the policy.

If you should die within the term, the entire coverage amount goes to your loved ones or other beneficiaries.

If you die within the term, your beneficiaries receive the death benefit.

If you die within the term, your beneficiaries will receive a death benefit.

The only time it pays out is if you die within the term.

When you purchase a term policy, you are betting that you will die within the term.

The company promises to pay a death benefit to a beneficiary when the insured dies as long if the insured meets the conditions of the contract (for example, dying within the term period).

At best, it is a bet you are making against the insurance company that you are going to die within the term you choose.

It pays the full face amount of the policy in case the insured dies within the term (coverage period), but pays nothing if the insured outlives the policy.

If you die within the term, your beneficiary gets the money.

It pays out if you die within the term.

Essentially, if you die within the term, the death benefit replaces the money you would have provided to your family.

With a traditional term life insurance policy, you do not receive any premiums back if you do not die within the term.

If you do not die within the term, your family does not receive the death benefit... but guess what?

⦁ Return of premium term life provides a refund of premiums for people who don't die within the term.

If you should die within the term, the entire coverage amount goes to your loved ones or other beneficiaries.

If you die within the term period, then the designated beneficiary would receive the death benefit.

Death benefits will be paid only if you die within that term of years.