Sentences with phrase «where life insured»

There is survival period clause where life insured should survive atleast 28 days after the Critical Illness is confirmed through medical tests or certified by medical practioner.

Max Life Waiver of Premium (WOP) Plus Rider: Waiver of Premium Plus rider provides waiver of all future premiums in the event where the life insured is diagnosed with the listed critical illnesses or in the event of dismemberment.

This clause states that the policy benefits are paid out only in the event where the life insured is killed in a commercial plane crash while travelling.

Aviation Clause: This clause states that the policy benefits are paid out only in the event where the life insured is killed in a commercial plane crash while travelling.

In a case where the life insured is diagnosed with a terminal illness, such as Cancer, Leukemia.

Nomination is where the life insured proposes the name of the person (s) to whom the sum insured should be paid by the Insurance Company after his / her death.

In the event of death where the life insured and policyholder is the same person, the Death Benefit comprises of the following 3 components:

In the event of death of the policyholder where the life insured and policyholder are different individuals, the Death Benefit is as follows:

Option to increase Death benefit: Certain plans have offerings where the life insured can increase the life cover at key stages in life like marriage, birth of child.

Where a life insured represents more than one policy in the portfolio, the life is categorised according to the total death benefit relating to that life:

Not exact matches

While rates vary depending on where you live, most people will find their insurance cost to be 1 to 2 percent of the value of the jewelry being insured.

But if you're self - insuring by purchasing a health plan on the health insurance marketplace you could be looking at monthly costs in excess of $ 400 depending on where you live.

There are many things that can impact the cost of you insuring your car in Texas, such as where you live and park it.

And for all the talk about birth control pills NOT being covered, I have never in real life run into an insured patient where they were not.

«I want to introduce a policy where we introduce tax ID numbers to everyone, get everyone in the system, give everyone a chance to work, to have a license, to insure their cars, to live and rent in safe residences.»

I used to love in BC and at one time in the Yukon, and never had an issue with the health care system... fast forward a few years and I now live in the U.S. where it would cost me $ 1500 / month to insure my family with insurance that actually covered anything.

Meanwhile, his wife, stoical and reliable Lillian, brings home a paycheck from the insurance agency where she's busily employed insuring the lives of the newly rich higher - ups in the military regime.

Coverage is cheap, generally between $ 100 and $ 300 a year depending on where you live and what you're insuring.

Rates often vary according other factors including a driver's age, driving history, how the insured vehicle is used and where the driver lives.

They believe that once the house or apartment where they live is already insured by the landlord, that the insurance cover them.

There is sometimes a thought that you don't need life insurance, since your investment portfolio will eventually grow to the point where you will be effectively self - insured.

The most common is on a single life, where a death benefit is paid out when the insured dies.

Additionally, there may be less stringent life insurance underwriting criteria for such policies, especially in cases where one of the insured individuals is in good health, compensating for the other insured whose health may be anything but good.

The place where an insured regularly parks a car, which may be a location different from the address where the insured lives.

The inner - workings of cash value life insurance consists of a life insurance policy, which is a contract between the policy owner, the insured (often the same person), and the insurer, where the insurer agrees to pay a death benefit to the policy's beneficiary, based on the owner continuing to make the policy's premium payments.

Bank owned life insurance is a policy where the bank is the owner and often the beneficiary and the employee is the insured.

There is also a conversion privilege where the insured can convert his or her term life policy to another North American Life policy that is permanent — and, they can do so without the need to take a medical examinatlife policy to another North American Life policy that is permanent — and, they can do so without the need to take a medical examinatLife policy that is permanent — and, they can do so without the need to take a medical examination.

Many people are insured by dividend paying mutual insurance companies (these are life insurance companies where the policyholders are partial owners of the company — or perhaps I should say «mutual» owners).

Lump sum, where the life insurance company pays the total amount of the benefit in one single payment at the death of the insured

Whole life insurance defined: A whole life policy is a type of permanent life insurance where a contract is entered into between the policy owner and insurer, for a policy, which covers the life of the insured, for a specified insurance coverage amount, for the benefit of a beneficiary.

A key person insurance policy designed to insure the company against the loss of a valuable employee is another situation where a business entity may be the designated beneficiary of the life insurance policy.

The cost of a renters policy depends on the collective value of the property you're insuring, where you live, your credit score, and the type of policy you buy (explained below).

Most of the situations where a policyowner would consider selling a life insurance policy will fall into one of the three following categories: (1) the insured can no longer afford the cost of life insurance.

Always humble, funny, and insuring her anonymity through her choices about where and how to live.

Insurance Broking, including brokers» duties to clients on preparation of proposals, notification of insured events and other communications with underwriters; Underwriting decisions; Reports for insured parties and underwriters in cases where underwriters are seeking to avoid a policy; Disputes between insurers and reinsurers; and Personal insurance cover, including life and health insurance, residential property, PPI and motor claims.

The price of the auto collision insurance is also influenced by a long list of factors including the insured party's driving record, type and age of the vehicle, and where they live and keep the vehicle.

In that case, you might want to insure yourself for your entire life, as opposed to a typical situation where parents stop insurance coverage when their children finish college.

Buying health insurance is something that almost all Americans realize the need for because unlike a life insurance policy where the insured will never even see the policy used to cash in for the death benefit because they will already be dead a health insurance policy is often used on a monthly basis for doctors visits, prescriptions, and other medical care.

The party or parties designated to receive the life insurance proceeds if the primary beneficiary where to pass away before or at the same time as the insured.

Term life insurance is a type of life insurance where the insured is covered for a period of time, typically 10 - 30 years.

The company offers SAGE Term life insurance options, where an insured can be covered for ten years, 15 years, or 20 years.

There are other ways to accomplish this same principle, by using single premium life insurance policies, for example, where the insured can leverage dollars they have now for an immediately increased death benefit.

Life insurance is a contract where, in exchange for premium payments, a lump sum of money is paid upon the death of the insured person.

Coverage is cheap, generally between $ 100 and $ 300 a year depending on where you live and what you're insuring.

This convertible term insurance can be made of use when the person insured is still at a young age where the insurance could still cater for small expense and premature death but as time comes everyone gets older, this convertible term insurance might not be enough to cater the long term needs of the insured so it is of best interest that the policy holder should convert their policy to a more permanent type of insurance such as Universal Life.

Term Life Insurance plans are plans where the beneficiary of the insured is provided with financial coverage for a «term» or a «specific period of time».

Life insurance is a contract between the policy holder and the insurance company where the insurer agrees to pay a sum of money to the beneficiary of the policy when the person who is insured dies.

Typically when you apply for life insurance, you go through the full underwriting process, where you'll be classified based on how risky you are to insure (that is, how likely you are to die during the life insurance policy's term).

However, if you have a life insurance policy that's set up to where one person owns the policy, another is the named insured, and the third is the beneficiary, the death benefit may be considered a taxable gift.

But if the insured dies before telling the beneficiary where his or her policy is, the beneficiary may not be able to find it and claim the benefit, and it could join the billions of dollars in life insurance benefits that have gone unclaimed.