Sentences with phrase «to keep the policy in force»

An interim bonus ensures that policyholders who claim benefits in midst of a year will receive credit for keeping the policy in force for that part of the year.

We discussed his options, and he decided to keep his policy in force by paying the minimum premium.

To make universal policies more attractive, insurance companies began adding a secondary guarantee that would keep the policy in force even if cash values dropped to zero.

Is there any way to keep the policy in force without continuing to pay premiums?

In some case it may be possible to work out a payment schedule to keep the policy in force while partial payments are being made.

Talk to your agent or the company to find out the max loan amount available while still keeping the policy in force.

This rider provides you with an ability to maintain keeping your policy in force in the event of unemployment.

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

The important point is that if the policy was not funded sufficiently in the early years of the policy, it becomes very difficult to keep the policy in force later in life.

Just because one of your relatives kept a policy in force for decades, does not mean that it remained in force when he or she passed away.

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.

Other types of policies require monthly premium payments to keep the policy in force regardless of the size of the cash value.

You must pay at least the target premium to keep the policy in force under the guarantees.

If you choose to keep your policy in force past the initial term, the premiums will likely go up.

This rider can essentially keep the policy in force — even if the insured is no longer able to pay their premium.

But, the policyholder may simply increase the premium payments or lower the death benefit (or both) to keep the policy in force at any time.

The new owner keeps the policy in force and continues to pay the premiums.

He and his wife assumed they would have coverage for life and they also assumed they could afford to keep their policy in force during bad times.

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

The cash value can be used to keep the policy in force for as long as the cash amount covers the policy costs.

This type of policy also has cash value growth, so interest grows in your account which could keep the policy in force even if you stop paying some premiums.

By paying future premiums, you can keep the policy in force without additional out - of - pocket expenses.

Options may be available to keep the policy in force while you weigh your options.

The good news is that it's not difficult at all to keep a policy in force so you can avoid needing to backdate renters insurance.

So, while illustrated and guaranteed to age 121, I have been assured by more than one company president that it would be their intent to keep a policy in force until death, even if that comes as it will with Ms Dosova, after 130.

The policy also offers an overloan protection benefit that will keep the policy in force when excessive loans are taken.

This is a grim reminder to all those who do not keep their policy in force by paying regular premiums and as a result their dependents are deprived of the full sum assured in the event of such unfortunate occurrence.

Since a healthy sum of cash value in a variable life or variable universal life insurance policy is needed to pay the costs of keeping the policy in force, policyholders should choose their sub-account investments with extreme caution.

If you fund the contract with more premium than is necessary to keep the policy in force over any seven - year period, the life insurance policy fails the seven - pay test.

In this case, you will pay the minimum premium necessary to keep your policy in force through age 100, and you will probably accumulate little to no cash, but with the «no lapse guarantee», that's okay.

Under contracts of this type the premiums you are to pay to keep your policy in force remain level throughout the term.

As long as you make your scheduled premium payment the insurance company is bound by the terms of the contract to keep your policy in force forever.

I have encouraged the client to keep his policy in force on a monthly basis to minimize the out of pocket disaster and Lincoln has indicated that if everything is OK with the blood clots they will be willing to entertain a new application in November.

You can also surrender the policy after keeping the policy in force for 3 years or more.

There are many good ways to keep your policy in force so that you don't even have to worry about trying to backdate renters insurance.

Once you choose your, you will pay a premium to the life insurance company to keep the policy in force until the end of the defined term, or the end of your life, whichever comes first.

If your health has changed and you are no longer insurable, you can keep the policy in force by paying the new rate.

For example, a policy owner could turn in the policy for its available cash value, or borrow against the cash value and still keep the policy in force, or temporarily use the cash value to pay the policy's monthly premiums.

The policy also offers an overloan protection benefit that will keep the policy in force when excessive loans are taken.

Unemployment waiver of premium: With this rider, if you were to lose your job, the premium on your disability policy would be waived — meaning you could keep your policy in force even if you can't afford to pay the premium while temporarily unemployed

Is there any way to keep the policy in force without continuing to pay premiums?

However, if the reduced sum assured exclusive of bonuses or guaranteed additions is less than Rs. 1,250, then the insurer need not keep the policy in force.

Universal policies feature a cash value account, which serves to supplement your premium payments to keep policies in force in later years.

All disability insurance policies include the waiver of premium at no cost, keeping the policy in force while you are disabled and receiving disability benefits.

That does not mean that keeping a policy in force has not impact on your rating.

Overfunding means to deposit above the minimum required to keep the policy in force, so that the extra deposits are invested.

As long as you keep paying your premiums, you keep the policy in force for yourself the whole of your life term.

Once a consumer realizes this important fact — the time frame in which you want to keep the policy in force, then the mindset becomes one of looking for cheap whole life insurance for seniors.

A car insurance premium is what you pay regularly to keep your policy in force.

A period during which you must make a payment to keep your policy in force.