Sentences with phrase «usually guaranteed additions»
Interest and bonuses are usually guaranteed additions; however there may also be variable additions which can not be predicted.
https://www.policybazaar.com/ Not exact matches
In contrast, universal life policies (a flexible premium whole life substitute) may be structured to pay cash values in addition to the face amount, but usually do not guarantee lifetime coverage in such cases.
Loyalty addition usually, is the difference between the performances of the Insurer (business-wise) and the guaranteed additions that the Insured enjoys.
In addition, the insurer also guarantees that the policyholder will pay the lower premium rate for a predetermined duration of time, usually a period from of one to10 years.
Bonus, guaranteed additions and loyalty additions are usually added to the Sum Assured in case of maturity or death.