Sentences with phrase «to pay the policy»

This plan is available for a period of 15 - 20 years and the premium - paying terms require customers to pay policy premiums for the entire length of the policy.

The insured party normally pays premiums until death, except for limited pay policies which may be paid - up in 10 years, 20 years, or at age 65.

This single pay policy not only provides benefits on maturity but also protects your family from all uncertainties.

One top way that you may be able to save more money is by paying the policy in full every time it is up for renewal.

A car insurance company pays the policy holder and anyone injured in an auto collision or car crash right away.

Regular pay policies does not acquire a surrender value.

Warning: Not paying your policy loan back is your decision, however, there are dire consequences.

Also for those who pay policies on behalf of their parents, the benefit doubles.

Pay your policy by the due date, and your policy automatically continues for the time period shown.

However, when utilizing the strategy of infinite banking it pays to pay your policy loan back with interest.

At the end of the 30th year, the insurance company will pay the policy owner $ 300,000, tax free!

Life insurance companies will not pay the policy proceeds directly to a minor.

Typically, single premium policies provide larger death benefit amounts when compared to life or multi - year pay policies.

Single pay is more expensive upfront, but allows borrowers to skip the monthly payments by paying the policy at closing.

In addition, the firm offers flexible working, support for those with caring responsibilities, extended maternity leave and an equal pay policy.

The policy builds cash value and may pay policy dividends.

As a result, our client was fairly compensated for his injuries when the insurance company paid the policy limits, one and a half years after the collision occurred.

In life insurance, for example, there is no need, or ability, to continue paying a policy after the beneficiary receives the benefits.

In contrast, a standard term life insurance policy pays your policy amount to beneficiaries on death.

Surrender benefit is allowed from 2nd year onwards and it is applicable for single pay policies only as per the plan option opted.

Many companies offer premium discounts to those drivers who pay their policies in full rather than making monthly payments.

On the other hand, a personal accident cover pays the policy benefits only in case you are involved in an accident.

As long as the premiums are paid the policy does not expire.

Another key aspect of life insurance arithmetic is determining how many customers will continue paying their policies until death.

If you stop paying your policy premium, you can take the cash for your needs or you can use the cash value to buy a continuing policy for a shorter period.

Those supporting such performance pay policies remains at 49 percent, virtually unchanged from the last time we asked this question in 2011.

If I do not need life cover after my retirement, I can just discontinue paying the policy premiums.

He found that students in countries with merit pay policies in place were performing approximately 0.25 standard deviations higher on an international math and science test than students in countries without such policies.

If you have an escrow account several months of reserves are collected in addition to the premium so there is enough to pay the policy when it comes due the following year.

In contrast, a standard term life insurance policy pays your policy amount to beneficiaries on death.

Because theft is typically a covered peril, you are likely to receive coverage for the stolen camera after paying your policy deductible.

Some may start the monthly investment plan payout after the premium payment period has ended while some may start when you are also paying the policy premium.

If enough money is available to pay a policy term in full, consumers can do so and save quite a bit by avoiding billing fees.

If you fail to pay the policy renewal premium on time, then you will be uninsured again, i.e. the coverage provided to you by your health insurance policy will be taken back.

Is a 10 pay policy good for bank on Yourself?

Two weeks later, the insurer paid the policy limits and the first defendant remained in the case.

Money in the account can be used to help pay the policy's premiums.

Therefore, if you have enough cash on reserve, you could benefit greatly by paying the policy up front.

Compensation managers are required to devise ways through which there can be a fair pay policy for the employees.

Teacher pay has now fallen by around 15 % in five years on the back of government pay policy and inflation.

In these cases, the investor takes over paying the policy premiums, and when the insured dies, the investor will receive the death benefit proceeds.

A teacher pay policy that rewards experience and education that leads to improved student outcomes.

Many limited pay policies provide long - term care insurance rider and will pay a death benefit, long term care insurance benefit and cash surrender return of premium.

It's your responsibility to keep enough money in the bucket (by making adequate, timely premium payments) to pay the policy expenses as they come due.

Like whole life, there must be sufficient premiums or cash value to pay the policy costs and keep the universal life policy in force.

You can also get a limited pay policy where there is a specified timeline that you must pay premiums.

For additional savings, we recommend paying policies annually since you can save additional 2 % to 3 % in comparison to a monthly premium.

Limited pay policies include primarily whole life insurance, but may also include universal.

In turn, the investor will typically pay the policy holder a lump sum of cash in order to purchase the policy.

Limited Pay Whole Life — A limited pay policy allows the policyholder to pay for the entire policy over a set period of time.