Sentences with phrase «while policy is in force»

Mortgage Life Insurance A type of term life insurance In the event that the borrower dies while the policy is in force, the debt is automatically paid by insurance proceeds.

It goes on to say that they will pay the Face Amount (the death benefit) if I die while the policy is in force.

For a fixed - amount whole life insurance policy, the amount of the death benefit payable if the insured person dies while the policy is in force.

Death Benefit — In the unfortunate event of death, while the Policy is in force & before the maturity date, the nominee will get the following death benefit.

The policy will lapse if loans become equal to the cash value while the policy is in force and additional cash payments are not made.

Scenario B: Akhilesh dies within the Policy Term In case of demise of Akhilesh while the policy is in force, the nominee will receive the higher of the Guaranteed Death Benefit or Fund Value as on date of intimation of death.

Any claims arising from events prior to the retroactive date will not be covered, even if made while the policy is in force.

A claims made policy will respond only for claims made while the policy is in force.

Flexibility of withdrawing your savings anytime during the Flexi benefit period by modifying your Policy Term while the Policy is in force.

With it, in return for a regular premium payment, a named beneficiary (or beneficiaries) will receive a stated amount of death benefit, provided that the insured passes away while the policy is in force.

For example, if you caused an accident resulting in injuries, your auto insurer would pay for medical care under the liability portion of your policy.Life insurers, as the name implies, pay a specified, pre-agreed upon amount (called the death benefit or face amount) if you die while the policy is in force.

The contingency that triggers payment under a life insurance policy is the death of the insured while the policy is in force, and the cause of death must not be one that is excluded by the policy.

(Note: In the event of death of the Life Insured while the policy is in force, during the policy term, subsequent to the Critical Illness claim, the Reduced Base Sum Assured (i.e. Base Sum Assured less Critical Illness Sum Assured) is payable and the policy gets terminated)

A life insurance policy pays a sum of money to a named beneficiary if the insured dies while the policy is in force.

Life insurance rates are based on many factors, but the primary driver for the premiums is based on the probability that the insured will die while the policy is in force.

If you die while your policy is in force, your beneficiaries receive your death benefit payment.

With a term life insurance plan, your beneficiaries will receive a death benefit payment if you die while your policy is in force.

Life insurance is a type of insurance that provides a death benefit to the beneficiaries in the event the policyholder dies while the policy is in force.

If you die while the policy is in force, your death benefits will be paid to your named beneficiaries.

The owner, premium payer, does not have the burden of additional taxes while the policy is in force.

The critical illness rider is only paid once during the term of the policy while the policy is in force.

The plan will pay out a death benefit as long as the policyholder passes away while the policy is in force.

A higher life cover / sum assured translates to a higher risk for the insurance company in the unfortunate event that the policyholder passes away while the policy is in force.

In case of policy holder's death while the policy is in force, the next of kin / nominee is liable to receive a lump sum equal to the death sum assured as per the policy agreement.

Coverage under this section is subject to a waiting period of 36 months and payable only while the policy is in force

Our Select Term Life Insurance policies help guarantee your loved ones a death benefit if you die while the policy is in force.

If the policyholder dies while the policy is in force, a pre-set cash payment called a «death benefit» will be paid out to the beneficiaries named in the policy.

If you die while the policy is in force, a pre-set cash payment called a «death benefit» will be paid out to whomever you name as a beneficiary.

The money that accumulates in your life insurance policy while the policy is in force that the insured can borrow.

With standard life insurance, you pay a premium, and if you die while the policy is in force, the stated death benefit is paid out to your beneficiaries.

Just a guaranteed level premium for a certain period of time (the term) and a guaranteed level death benefit if you die while the policy is in force.

In case of demise of the Life Assured during the Policy Term, while the policy is in force, the nominee receives the higher of:

In many ways, final expense life insurance works just like other types of life insurance coverage in that the policyholder will pay a premium in return for death benefit coverage should the insured pass away while the policy is in force.

Because your death will result in a claim and payout, it is important that companies quote your premiums according to the statistical chances that you will die while the policy is in force.

Should the insured pass away while the policy is in force, the named policy beneficiary (or beneficiaries) will receive the set amount of death benefit.

This does not expire when the policyholder reaches a certain age; and that allows the policyholder to adjust the amount and timing of premium payments and the amount of the death benefit while the policy is in force.

The first person (s) to receive the death benefits of a life insurance policy in the event that death occurs while the policy is in force.

While your policy is in force, your insurer begins using an updated version of the Building and Personal Property Coverage Form.

The death benefit will be paid out to a named beneficiary if the insured passes away while the policy is in force.

Likewise, the insurance company is the entity upon which the responsibility of paying benefits will fall if a qualifying event occurs while the policy is in force.

The ICDI policy pays a specified monthly income amount if Injury or Sickness results in Total Disability that begins while the policy is in force, continues for longer than 30 days and requires the regular care of a physician.

Our Term Life Insurance policies help guarantee your loved ones a death benefit if you die while the policy is in force.

The following rules apply: 1) You can get refund back, only if you do not need to visit the doctor / provider while the policy is in force.

When you have term life insurance and you die while your policy is in force, your beneficiaries will be paid the death benefit.

It pays a benefit only if the insured dies while the policy is in force and builds no cash value.

Like term life insurance, whole life insurance policies pay a death benefit if you die while your policy is in force.

Aside from certain exceptions, if you die while your policy is in force, your insurer will pay out a death benefit to your beneficiaries.

Traditionally with term life insurance, your beneficiaries receive a death benefit if you die while your policy is in force.

Individuals are also not permitted to withdraw funds from the cash value while the policy is in force.

If you die while your policy is in force, your beneficiaries will receive the policy's death benefits.