Sentences with phrase «to keep the policy active»

This is a good option if you wish to keep your policy active for a short duration of two to three years.

You must, of course, keep your policy active by paying your premiums.

If bought at an early stage, you need to pay the premium charges, so it is affordable to keep the policy active throughout the life span.

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.

With the added cost of this feature taken away, you can concentrate solely on the premiums and keeping the policy active with cheaper premiums.

The rate is what I was most concerned about as well as having the option to continue to keep the policy active after the 30 year expiration.

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

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

Paying the premium on time and in full is what keeps the policy active.

In addition, after making first claim, all the future premiums will be waived off keeping the policy active till maturity.

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

The longer the policy holder keeps the policy active, the higher the cash value grows.

These allow you to keep the policy active without paying any additional premiums.

You must, of course, keep your policy active by paying your premiums.

The available Child Plans comes up with built - in flexibilities which keep the policy active and renounce off the premium even after the death of the parents.

The policies also include a No Lapse Guarantee keeps your policy active even if the cash surrender value falls to zero or below.

Guaranteed No - lapse Protection clause keeps the policy active between the age of 95 and 121.

This means that you may keep your policy active by continuing the premium payments.

If you have completed the maturity period of the policy, then an incentive is given to you by your insurer as the loyalty addition, for keeping the policy active throughout the tenure of the policy.

Insurance Premiums: life insurance premiums are the payment due to keep the policy active and in force on the life of the insured.

You'll need to pay them your entire life to keep the policy active.

Premium The money paid monthly or annually to keep a policy active (or «in - force»).

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

A premium is paid monthly to keep the policy active, covered in full or in part by the employer, and upon the death of the employee a lump sum of money, the death benefit, is paid out to a designated group or person known as the beneficiary.

Premium Premiums are the payments made to the insurance company to purchase and keep a policy active.

Paying by electronic funds transfer often comes with a discount and makes it so you are more likely to keep your policy active.

In times of unemployment or a tight budget, this method can keep your policy active and in good standing as long as you have enough in your cash value feature to cover the premium.

So long as you keep the policy active, your coverage will follow you regardless of who you have your mortgage through.

So long as you keep the policy active, your coverage will follow you regardless of how often you move.

The important thing to remember is that it's always your choice to keep paying the premiums to keep the policy active.

So a thirty year term policy that costs you $ 100 per month means that you can keep the policy for up to thirty years and pay just that $ 100 per month to keep the policy active.

In Bajaj's policy, even the secondary policyholder will have to pay the premium to keep the policy active.

Also, the secondary policyholder will not have to pay any premium to keep the policy active, but the primary policyholder has to keep on paying the premium.

This is the amount the policyowner pays to keep the policy active.

A premium is paid monthly to keep the policy active, covered in full or in part by the employer, and upon the death of the employee a lump sum of money, the death benefit, is paid out to a designated group or person known as the beneficiary.

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

You'll need to pay them your entire life to keep the policy active.

Mr. Vikas paid his premium for the first 5 years and kept the policy active, without making a claim.

Premium The money paid monthly or annually to keep a policy active (or «in - force»).

Remember that you can still continue to keep the policy active by paying regular premiums even after taking a loan against your policy.

As long as you keep your policy active for a set «term» (like 10, 15, or 20 years), it can replace your lost income, tax - free, in the event of your death.

If you do not want your policy to get surrendered, then you must pay all your outstanding premiums immediately to keep your policy active.

On top of that, you may want to pay less during economic downturns to minimize potential losses (depending on the type of universal life policy you own) or just need to pay the minimum to keep the policy active.

To keep your policy active and accurate, the New York State Insurance Department recommends following these steps:

The premium on your policy is the amount of money that the carrier needs from you on a regular basis to keep your policy active.

This could be an valuable benefit if you are on a fixed income later in life, and would like to keep your policy active, but don't have much expendable cash.

Premium Premiums are the payments made to the insurance company to purchase and keep a policy active.

Instead, cut back on discretionary spending such as dining out and vacations in order to keep both policies active.

This is the regular payment remitted to the company to your keep your policy active.