Sentences with phrase «total cumulative premium»
Unlike regular term policies, return of premium term life insurance rewards you for keeping the policy by giving a guaranteed return of your total cumulative premium paid on the policy during the level term period, not including substandard (extra charges for health) and rider charges (extra benefits such as disability coverage), if any, which will be paid to the policy owner at the end of the level term period if the policy is then in force.
https://www.instantquotelifeinsurance.com/ Not exact matches
Even if your policy's cash value is zero, your coverage will continue as long as the total amount of premiums paid has met the cumulative minimum required premium test.
On cumulative basis, total premium collected by all the non-life insurers grew by 19.46 per cent to Rs 72,564.42 crore during April - September.
No Lapse Guarantee1 The policy is guaranteed to remain in force during the first five policy years if the total premium paid (less withdrawals and indebtedness) is at least equal to the cumulative monthly no lapse premium required.
At the end of the level premium period, the cash value of the in - force policy equals the total of cumulative premiums paid, less any charges for substandard ratings and riders.