Sentences with phrase «to qualify for a new policy»

Either way, you can't qualify for a new policy now because of health issues.

If you have taken care of your body and maintained your lifestyle, you would likely be able to qualify for a new policy at the same health class as before.

However, it's possible that you may not qualify for a new policy because of your age, health problems, or other reasons.

If you can not qualify for a new policy once your old one expires, this can be an easy way to get the coverage that you need.

We do not recommend extending your policy after the term has ended unless you can no longer qualify for a new policy due to your age or a terminal illness.

Fortunately, your husband may still have some options for qualifying for a new policy.

It turns out that Jack's policy is not convertible, and because he is now a high - risk customer in the eyes of insurance companies, he will have an extremely difficult time qualifying for a new policy at an affordable rate — much less a whole life policy.

Although we never plan for divorce, the flexibility of being able to split the policy can be valuable, especially years down the road when health issues may preclude you from qualifying for a new policy.

Apply for a new term policy: The renewal premium that the insurance offers is set at the outset of policy issue and assumes that people who are more likely to renew are those who would have a difficult time qualifying for a new policy.

This can be extremely valuable if you originally qualified as low risk, and have since had a few health issues like diabetes, cancer, or heart issues, which could prevent you from qualifying for a new policy.

Guaranteed insurability can be an incredibly valuable feature since, for example, you might get cancer or another disease during the original term that would make it incredibly challenging to qualify for a new policy (and, if you did manage to get coverage, the cost would be incredibly high).

I whittled down the companies pretty quickly by excluding those that either had significant exclusions on hereditary conditions or my dog was too old to qualify for a new policy.

If you move your mortgage to another lender because of a better interest rate, you will have to qualify for a new policy.

In order to qualify for a new policy your health must be acceptable to the new company.

As well, your health condition may have changed and this may contribute to significantly higher premiums or your inability to qualify for a new policy.

If you wait until later in life, you risk a change in health that could result in more costly premiums, or the inability to qualify for a new policy.

That means there are no physical, medical, or financial questions in order to qualify for the new policy.

Would you qualify for a new policy if you were to apply for one?

That means, you will not have to take any physical exam to qualify for the new policy.

This means you may have to take a medical examination to qualify for a new policy.

Usually, you won't have to take a medical examination or answer any medical questions to qualify for the new policy.

If the insured person becomes ill or uninsurable during the initial term, he / she may be unable to qualify for a new policy and be left without life insurance protection in the future.

If you convert your policy after that date though you will have to qualify for the new policy.

May be you can... that is if you can qualify for the new policy.

At this point, you would either have to pay thousands of dollars to replenish the cash value and keep your policy, or allow the policy to lapse and risk not being able to qualify for a new policy.

The insured will also need to go through health underwriting again so there's no guarantee they will be able to qualify for a new policy.

So, they are forced to let their life insurance policy lapse and risk not being able to qualify for a new policy.

These policies put you at risk of losing coverage when you need it most and at a time when you may be unable to qualify for a new policy.

Guaranteed insurability can be an incredibly valuable feature since, for example, you might get cancer or another disease during the original term that would make it incredibly challenging to qualify for a new policy (and, if you did manage to get coverage, the cost would be incredibly high).

However, if your health has declined, it may be impossible to qualify for a new policy that doesn't break the bank.

In addition, you may choose the option of renewability, which allows you to renew your term life insurance policy for another term when the current policy expires, without you having to take a physical exam to qualify for the new policy.