Sentences with phrase «to keep the policy»

Death benefits are paid to the beneficiary just as long as premiums are sufficient in keeping the policy in force.

That is, you will be able to keep these policies for as long as you wish.

Cash value life insurance can be useful for someone who can keep the policy active in the long - term, accumulating value throughout the years.

The certification and yearly inspection form then has to be sent into the insurance company to keep the policy from being canceled.

However, they can also keep the policy going, continuing to grow the cash value.

The «pros» of keeping your policy in - force will mean your beneficiary will receive the death benefit when you die.

This is a very clever move which will force the policy owner to keep the policy until the end of the term period in order to get back his or her money.

Before then, it had kept its policy rate at a record low near zero for seven years in an effort to help the country recover from the deepest recession since the 1930s.

The owner has the option to keep the policy at higher premiums, or in some cases, at a lower face amount.

It is important to keep your policy current as your business grows and property increases in value.

Basically, this is the fee that is designed to cover the cost of keeping the policy on the insurance company's records.

You are protecting your loved ones by keeping your policy in force and not letting your policy lapse like so many others who do.

But many insurance companies offer you the option of keeping your policy even if you switch lenders.

However many people don't keep their policies for that long and never see the returns.

For instance, a life insurance policyholder may be able to access some of the cash value to meet their immediate needs while keeping the policy in force for beneficiaries.

You have the option to keep the policy after the initial benefit guarantee period — the initial length of the policy you select — or to allow the policy to lapse.

You can increase that coverage to an appropriate level for your lifestyle while keeping the policy affordable.

Following traffic rules and driving safe not only reduces the risk for drivers on the road, but also keeps the policy holder safe and protected.

Keeping a policy with a loan may still be worthwhile — or even paying off the loan to maintain the policy!

Compare these numbers to the cost of actually keeping your policy up - to - date and suddenly dropping your insurance doesn't seem like such a good idea.

Failure to pay premiums on the due date will still keep the policies active but only for the grace period of 30 days.

The decision to keep policy unchanged has come at a time when some economic indicators are predicting a pick - up in the pace of the British economic recovery.

This creates a cyclical tendency to keep policy loose and interest rates low for too long.

As long as there's enough cash value to keep the policy afloat, premium payments can be reduced or even stopped completely.

You will pay your monthly premiums and they only go towards keeping the policy alive because there is no cash value component to build up.

However, for most people they will want to reduce their coverage and just keep the policy in place until death.

All the premiums go towards the face amount and that keeps the policy premium down leaving you with a policy that will last the rest of your life.

Showing that you do not pose a high risk of cost to the insurance company earns you discounts as a reward for keeping your policy costs low.

(This essentially meant that cash value would be required to continue keeping the policy in force).

It is necessary to keep your policy updated to avoid unpleasant surprises when you actually file a claim.

A plan with premium waiver benefit will not only keep the policy active but will also provide financial assistance to the family of the insured.

Always keep your policy number and T - PIN handy, while adding or removing the rider.

Guaranteed universal life provides certain «guarantees» that help keep your policy in force, so long as you meet the minimum premium requirements.

And if you are satisfied with the no exam coverage then simply keep the policy.

However, if you have other drivers named on your policy who will continue to use the vehicle while you are abroad, you should keep the policy running as normal.

If you had planned on keeping the policy forever or if you did not budget for the increase in premium you may be very disappointed.

As a result, it will be very expensive to keep the policy beyond the initial term period.

A policy that is guaranteed renewable requires that the insurance company keep your policy in force (assuming that you pay the premiums on time) however, they may raise the premiums.

No other document will be accepted as proof that you wanted or intended to change your life insurance policy, so keep your policy up to date at all times.

The paid - up option helps insured keep their policies in force with reduced benefits and thus they don't lose much.

Once you have your coverage in place keep your policy documents in a safe place.

Consider keeping the policy if you have a cash value policy.

They made the right choice keeping the policy even though they hadn't had a loss until now.

As a result, they are likely to demand that candidates to replace him as leader commit to keeping his policy agenda, or at least specific parts of it.

We have two policy types and three levels of cover to choose from, we like to keep our policies flexible.

The most popular term policy among consumers today, the 20 year level term will keep your policy payments level for a full 20 years before they increase.

However, many residents preferred keeping these policies since they were customized to fit within their budget.

With term life insurance, all the premiums you pay go toward keeping the policy active.

Always keep your policy current, and review it on a regular basis to make sure it's meeting your coverage needs.