Sentences with phrase «value during the policy term»

The Guaranteed Surrender value during policy term shall be a percentage of total premiums paid excluding extra premiums and premiums for riders, if opted for.

Surrender value during the policy term is very low.

Not exact matches

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).

One thing to consider is that term policies don't build cash value that you can use during your lifetime.

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 Long Term Care Rider and a Chronic Illness Rider can be be added to a cash value life insurance policy and provide financing options for the medical costs that will come during retirement.

While initial premiums are higher than with a typical term policy, it is possible for coverage to continue until death of the insured, and cash value may accrue in the policy on a tax - deferred basis that can be used to help meet financial needs during your life.

A term policy carries no cash value and only pays out if the policyholder dies during the term.

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.

The policy does not build cash value and if you don't die during the term, the policy ends and you do not get any money back unless you chose a return of premium rider.

This policy allows policyholders to have their premiums returned to them if they outlive their coverage term, and also allows them to access cash value during the life of the policy.

Just like guaranteed universal life policies do to age 100 or 120, these riders mandate that even if the policy has no cash value, the death benefit and premium are still guaranteed to stay fixed during the initial term selected.

Easily convert you Pacific PRIME Term policy to a cash value life insurance policy during the conversion window with no additional underwriting needed.

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.

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

Surrender Option & Surrender Value: Policy holders can surrender the policy at any time during the term of the pPolicy holders can surrender the policy at any time during the term of the ppolicy at any time during the term of the policypolicy.

If all the premiums under the policy are paid up to date, at maturity, the sum of all mortality charges (Life Cover charges), including mortality on Top - up SA, if any, deducted during the policy term will be added to the Fund Value.

A term policy carries no cash value and only pays out if the policyholder dies during the term.

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).

The Sum Assured and / or value of the fund units is normally payable to the beneficiaries in the event of risk to the life assured during the term as per the policy conditions.

It is improper to deprive long term policy holders the value of the contract which they entered into with good faith fully expecting to be covered during the policy and to the maturity of the policy.

Beneficiaries get paid from term life policies face value if the insured dies during the term.

Many term life policies do allow prorated refunds at some point during the life of the policy, during the insured's lifetime, although such refund is usually «short rated», that is, it is significantly less than the imputed value of the refund if calculated using conventional tables, using the rate of return specified in the insurance contract.

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

If the policyholder dies during the term of the policy, company will pay full cover value.

When you purchase a term life insurance policy, you have the policy for a certain amount of time (for example, 20 years), and during that time it doesn't accumulate any cash value.

If at anytime during the policy term, the outstanding loan and interest thereon exceeds 90 % of the surrender value of the policy, the policy will be foreclosed by paying the surrender value after deduction of the outstanding loan and interest thereon.

A Long Term Care Rider and a Chronic Illness Rider can be be added to a cash value life insurance policy and provide financing options for the medical costs that will come during retirement.

Foreclosure of policies with loan: If at any time during the policy term, the outstanding loan and interest thereon exceeds 90 % of the surrender value of the policy, the policy will be foreclosed by paying the surrender value after deduction of the outstanding loan and interest thereon.

The policy does not build cash value and if you don't die during the term, the policy ends and you do not get any money back unless you chose a return of premium rider.

Term policies are only insurance; they have no cash value or added savings feature.However, during the life of the policy, you may be able to secure loans using death benefit as collateral.

This type of insurance plans serves the purpose of indemnity of the insured during the term of the policy and offers returns at the end of the policy term, but here returns depends upon the market value of the funds in which money had been invested.

If the policyholder dies during the policy term, the nominee shall be paid death benefit that will be higher of sum assured or the fund value at that time.

Term Insurance Policies are usually taken for 10 — 20 years, during which time inflation will grind down the value of the rupee, which will result into lower returns at the time of maturity.

The policyholder can withdraw his policy account value partially during the policy term.

This is a type - 1 Ulip: on death of the policyholder during the policy term, the insurer pays higher of the fund value or the insurance cover.

From an insurance perspective, this is a type - 1 Ulip: on death of the policyholder during policy term, insurer pays higher of the fund value or the insurance cover subject to a minimum of 105 % of the premiums paid.

If you die during the time that your term policy is in force, your beneficiaries will be paid the face value of the policy.

If the policyholder needs long term care during his or her lifetime, he or she can draw on the cash value of the policy to pay for it.

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.

In case the policyholder dies during the policy term, the nominee shall receive sum assured and fund value of the policy

In case of death of the life insured during the policy term, the higher of Fund Value, Assured Benefit or 105 % of total premiums paid till the date of death.

Then, if you pass away during the «term» when the policy's in force, your loved ones receive the face value of the policy.

Term insurance is valued using the Table 2001 annual renewable term rates, and the policy cash value is any increase that occurred during the yTerm insurance is valued using the Table 2001 annual renewable term rates, and the policy cash value is any increase that occurred during the yterm rates, and the policy cash value is any increase that occurred during the year.

Scenario B - Death Benefit: In the event of his death during the policy term, the Death Benefit payable is higher of Sum Assured or Fund Value or 105 % of all the premiums paid.

In the event of death of the life insured during the term of the policy, the highest of Basic Sum Assured less applicable partial withdrawal, 105 % of the Premiums paid, or Fund Value in the Main Account including Loyalty Additions is payable.

Then, if you pass away during the «Term» of your policy, while the policy is «In Force», your loved ones receive the face value (death benefit) of your insurance policy.

It offers a death benefit in the form of the sum assured if the insured dies during the policy term and offers maturity benefit in the form of fund value if the insured survives the policy term.

Scenario A - Death Benefit: In the event of his death during the policy term, the Death Benefit payable is higher of Sum Assured including top - up sum assured (less partial withdrawals if any), Fund Value including top - up fund value, Or 105 % of total premiums paid including top - up premiums paid as on the date of dValue including top - up fund value, Or 105 % of total premiums paid including top - up premiums paid as on the date of dvalue, Or 105 % of total premiums paid including top - up premiums paid as on the date of death.