Sentences with phrase «without waiver of the premium»

While, in some cases, the policy continues with or without waiver of the premium, and terminates when the last surviving partner passes away or policy period ends, whichever happens first.

Not exact matches

Just look at the actual EGM resolution — it's carefully designed to prompt exactly that conclusion... i.e. you don't get a # 2 million buyback UNLESS you vote for a Rule 9 Waiver (which would allow management to gain absolute majority control without a bid or a premium, let alone putting up any of their own money).

A disability waiver of premium rider allows you to keep your life insurance policy without worrying about how you're going to pay for it while you're out of work.

Unlike basic term life policies without additional benefits, this product includes three types of living benefits through accelerated death benefit riders, and a premium waiver during unemployment.2 These riders offer additional flexibility and coverage for a number of unexpected events.

Not all riders make financial sense for firefighters, though something like waiver of premium might, which covers your policy premiums should you be disabled and without pay for a certain duration.

A disability waiver of premium rider allows you to keep your life insurance policy without worrying about how you're going to pay for it while you're out of work.

The Aegon LifeWoP on Critical Illness Joint Life Rider is available with the plan which promises the waiver of future premiums without affecting the original plan if either of the insured is diagnosed with any of the four covered critical illnesses.

The waiver of premium rider will keep the insurance policy in force without any premium payments for as long as the owner remains disabled, or until age 60 or 65, whichever is first.

In the event of any misfortune, waiver on all forthcoming premiums, without discontinuation of any accrued bonuses.

For Standard Life Provisions, the company offers Salary - based Benefit Schedules; Dependent Coverage; Waiver of Premium (in case employees become disabled and so that they can continue life insurance without any premium payments), Accelerated Death Benefits (for employees with a life expectancy of 12 months), Portability (for those who want to leave their employment), Conversion (for employees to convert term life insurance to a new policy), and Bereavement Counseling (for counseling services).

In case the applicant passes away during the tenure of the child plan, certain insurers offer the benefit of premium waiver or self - funding of premium, thereby making it easy to continue the policy without burdening the family member for premium payment.

F. Check whether the conversion clause permits the client to convert the policy to an ordinary whole life policy with the waiver of premium rider without evidence of insurability.

Some carriers include the following riders in a life insurance policy, without any additional cost: - Accelerated benefit rider (partial benefit paid in case of terminal illness)- Accidental death benefit (additional benefit in case of accidental death)- Waiver of premium (most companies will charge extra premium for this rider).

Alternatively, you can take a term plan and invest in this plan with premium waiver benefit, so in case of unfortunate death, lump sum takes care of the child's growing age and immediate family contingencies and the child plan takes care of regular return at the childs stipulated age, as planned by you, without paying anything.

A waiver of premium rider allows the policy to continue even after the death of the policyholder without paying any premium till the maturity date and the child receive both the death benefit (at the time of death of the policyholder) and the maturity benefit (at the time of maturity of the policy).

In term plans offering premium waiver beneifit rider, in case of physically disabled or income stopped, your future premiums would be waived, however your term insurance would continue till the end of the tenure without any disruptions.