Sentences with phrase «value during the policy period»

A blanket limit helps ensure that you have enough coverage if some of your property increases in value during the policy period.

Buildings may increase in value during the policy period due to inflation, rising construction costs, or a hot real estate market.

Yet, your property could increase in value during the policy period.

Not exact matches

If you die during the grace period, your beneficiary will receive the full value of the death proceeds of your life insurance policy minus any premium that is owed to your life insurance company.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

Political Risk coverage protects you against loss in value of your foreign investments or assets resulting from specified political events during the policy period in the country where the investments or assets are held.

If you pass away during the period of coverage, your beneficiaries would receive the entire face value of the policy.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

Policies have a surrender period during which, if you withdraw part of the cash value or decide to give up your coverage, you will pay fees.

The No Lapse Guarantee Rider (NLGR) ensures that during the surrender charge period, if you fund your policy at the required premium to maintain the guarantee, the policy will not lapse, even if the cash surrender value is not sufficient to cover the policy's monthly deduction charges.

Some insurers will stipulate that you don't get any cash value portion returned if you surrender during this period, while other insurers will apply steep surrender penalties in order to recoup their own front loaded expenses in selling and setting up the policy.

There is no cash value with a term insurance policy but when you get term life insurance quotes, the insurance company guarantees they will not increase the price you pay during this level term period (10, 15, 20, 25, or 30 years) to protect your loved ones.

Although the largest policy in the portfolio (by face value) matured during the period, a large proportion of the total death benefit remains linked to a relatively small proportion of lives.

If you fail to revive your policy during the allotted period then the surrender value of the same is paid to you but surrender charges are deducted from the same.

And, if the underlying market index performs poorly during a given period, the policy's cash will not lose value, but rather just return a 0 percent for that period.

During the term period, you will have access to cash value that you can borrow from and you are able to convert to a permanent policy under the same terms as TermSmart described above.

Both, the contractor and the insurance company agree on a co-pay, the percentage related to what the insured will pay after the deductible and will establish an aggregate value, the maximum amount the insured will have to pay for a claim arising during the policy period.

The company pays the face value of the policy only if you die during the term period.

Turo policies will provide physical damage protection covers up to the actual cash value of the car (capped at $ 125,000) for any event that qualifies as a covered peril during the rental period.

This could mean that during periods of rising interest rates, universal life insurance policy holders may see their cash values increase at a rapid rate compared to those in whole life insurance policies.

Some insurers will stipulate that you don't get any cash value portion returned if you surrender during this period, while other insurers will apply steep surrender penalties in order to recoup their own front loaded expenses in selling and setting up the policy.

If you pass away during the period of coverage, your beneficiaries would receive the entire face value of the policy.

In case of death of the Life Assured during this period, only the accumulated fund value will be payable to the nominee After completing five policy years, if it is surrendered, then there is no Surrender / Discontinuance Charges and the Fund Value is paid to the policyholder and the policy will terminate immediavalue will be payable to the nominee After completing five policy years, if it is surrendered, then there is no Surrender / Discontinuance Charges and the Fund Value is paid to the policyholder and the policy will terminate immediaValue is paid to the policyholder and the policy will terminate immediately.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

A Market Value Adjustment (MVA) is a positive or negative adjustment to the policy's accumulation value, or the amount received in a withdrawal, when a partial withdrawal or full surrender is made during the surrender charge period and the withdrawal or surrender exceeds the policy's surrender - charge - free withdrawal amValue Adjustment (MVA) is a positive or negative adjustment to the policy's accumulation value, or the amount received in a withdrawal, when a partial withdrawal or full surrender is made during the surrender charge period and the withdrawal or surrender exceeds the policy's surrender - charge - free withdrawal amvalue, or the amount received in a withdrawal, when a partial withdrawal or full surrender is made during the surrender charge period and the withdrawal or surrender exceeds the policy's surrender - charge - free withdrawal amount.

The No Lapse Guarantee Rider (NLGR) ensures that during the surrender charge period, if you fund your policy at the required premium to maintain the guarantee, the policy will not lapse, even if the cash surrender value is not sufficient to cover the policy's monthly deduction charges.

If the insured dies during the specified period of time, his / her beneficiary will receive the value of the policy.

Term policies pay benefits if you die during the period covered by the policy; but the term life insurance do not build cash value.

What this means is during periods of rising interest rates, the cash value of your universal life insurance policy could increase rapidly.

Meaning if the person takes out a policy with a $ 20,000 per year premium for ten years, make sure to put the $ 200,000 into the policy during the ten - year period, otherwise the cash value will not match up to the original plan design.

Yes, the policy which has acquired a paid - up value or has lapsed due to the failure of premium payments can be renewed during the policy renewal period by paying the premium arrears along with the current interest rates.

If the Life Insured passes away during the lock - in period of the first five policy years, the nominee receives the Fund Value as on the date of death plus Loyalty Additions.

If the policy is cancelled during this period, the policyholder will get the fund value and the total unallocated premiums, after deducting the proportionate risk charges.

On surrender during the lock - in period of first 5 years of your policy, the Fund Value less the discontinuance / surrender charge, as on the date of surrender, will be transferred to the Discontinued Life Policy fund (maintained by the Company), and the risk cover under the policy shall policy, the Fund Value less the discontinuance / surrender charge, as on the date of surrender, will be transferred to the Discontinued Life Policy fund (maintained by the Company), and the risk cover under the policy shall Policy fund (maintained by the Company), and the risk cover under the policy shall policy shall cease.

On surrender during the lock - in period of first five years, the single premium fund value, less the discontinuance / surrender charge plus the top up premium fund value, if any, as on the date of surrender, will be transferred to the discontinued life policy fund (maintained by the company), and life cover shall cease immediately.

Surrender Value: Surrender Values are only payable if no claims have been made during the policy period, and it is payable during the policy term.

Term life insurance covers you for a set period, such as 10, 15, 20 or 30 years, and will pay your loved ones the face value of your policy if you die during that time.

A provision in a life insurance policy that if the death occurs during a certain time period (often 20 years), the policy will pay an amount equal to the cash value of the policy as of the date of death in addition to the face amount owed.

In the event of death of the life assured during this period, the available fund value is payable to the nominee and the policy gets terminated.

Using a variable universal life policy as a way to make a lot of money is generally futile unless the policy is paid for in one lump sum during a period of essentially bottomed - out markets, because that would create enough cash value in the account to make sizable investments for the long term.

Take the value of all your property calculated based on the type of coverage you are going to purchase (ACV or replacement), and add a small percentage for margin of error and for additional items you may acquire during the covered policy period.

In the event of death of the insured during the policy period, the payout is higher of 105 % of all premiums paid or the accumulated Fund Value.

If this Policy is surrendered during the Lock in Period, the Fund Value to the Pension Discontinuance Policy Fund is credited after deducting the applicable Surrender Charges.

Premiums are paid from the accumulated cash value within the policy during this period.