Sentences with phrase «years after you purchase the policy»

With these two years waiting period, if you were to pass away within the first two years after purchasing your policy, your family wouldn't get the payout from the plan.

A life insurance policy is effectively useless if the company goes belly up five years after you purchase the policy.

Thirty years after you purchase the policy, you're 55 years old, and your cash value account has grown to $ 500,000.

However, when you purchase a guaranteed life insurance policy, your beneficiaries are normally only able to receive the death benefit if you die 2 or more years after purchasing the policy.

He meets with an accident which causes his untimely death within one year after purchasing the policy.

He passed away 6 years after I purchased the policy.

Mutual of Omaha's Guaranteed Whole Life Insurance has what is called a modified death benefit should you die of sickness or natural causes in the first two years after you purchase your policy.

But because «insurability» is only measured at the beginning of your term, this means that even if you develop a serious illness a few years after purchasing the policy, the insurance company will continue to charge you based on your (healthier) medicals at the time of application.

Not exact matches

If, for example, you received a significant promotion and raise 5 years after purchasing term coverage, you might want to convert to a permanent life insurance policy to take advantage of the tax benefits and receive dividends.

Shortly after that incident, Terca purchased a policy for $ 218 a year.

One way would be to purchase a permanent life insurance policy which would be given to the employee upon retirement, after a certain number of years with the company, or based upon a certain level of performance.

Alex and Lena are nearing their retirement years with a sense of stability and peace of mind after having purchased a participating whole life insurance policy years ago.

A term life insurance policy works exactly how it sounds; after purchasing coverage, or committing to pay for coverage on a regular basis, you receive life insurance for a certain number of years, or a «term.»

However, the downside is that after 30 years the policy expires, and you then you may have to purchase another policy, because after all, your family still could use financial support even if you don't have a mortgage.

After purchasing your policy, say you spend the next year getting fit.

After purchasing a life insurance policy, it should be reviewed every few years and especially after any major life changing evAfter purchasing a life insurance policy, it should be reviewed every few years and especially after any major life changing evafter any major life changing events.

the policy value is Rs. 1400000 - Annual premium is Rs. 78000 / - & my wife policy Rs. 1200000 — annual premium is Rs. 66000 / - The both policies duration is 21 years After read your article i fell guilty my self i purchased wrong.

After purchasing our policy a little over 3 years ago, we recently discovered that our Australian Shepherd (who is just over 6 years old) developed cataracts with a rapid onset.

Certified R2 refurbishers have a product return policy (which individual sellers of used electronics don't offer), and some of them offer warranties for up to a year after purchase, so you're not stuck with a lemon.

To illustrate this point, Mayerson relates how his understanding of the «renewal rule» helped protect a corporate client against a sudden - and - accidental pollution exclusion added to a policy a year after it was purchased — but 20 years before the claim at issue.

At least some states, including Colorado, as noted below, bar suicide exclusions if the death takes place more than a year after the policy is purchased.

However, in the event of claim arising within 2 years of purchasing the policy (may vary from insurer to insurer) the claim is settled only after undergoing an extensive investigation.

Most benefits will kick in after two to four years depending on the policy that is purchased.

Some companies offer the option to purchase a whole life policy that's paid in full after a certain number of years.

When you purchase a participating policy, it is expected that you will receive dividends after the second policy year — but they are not guaranteed.

Level Death Benefit Whole Life means that the death benefit is the same even when the insured dies right after purchasing the policy (or many years later).

When purchasing a 20 year term life insurance policy it may be the highest rated company that offers you the best finalized price after going through your medical history.

For instance, death benefits are often restricted during the first two years after the policy is purchased.

Three years ago, Veno Leigertwood of Yeadon, Pennsylvania, was shot dead in his driveway after purchasing a life insurance policy worth more than $ 1 million just 18 days earlier

Some insurance companies may allow you to purchase a life insurance policy after a 5 - 7 year waiting period from the date the bankruptcy occurred.

After having purchased TravelGuard policies covering seven foreign vacations over several years, this year we finally had a claim for emergency medical expenses.

I purchased this life insurance policy about a two years ago after comparing prices with several other companies.

Example If you purchase an endowment policy and pay a premium of Rs 10,000 annually for 15 years, you are likely to get a cover of perhaps Rs 3 lakhs or so, with the amount returned after 15 years with accumulated bonus etc..

For example, if I purchase a $ 1m 30 year term policy and die 20 years after purchase of the policy, the payout has a PV earnings power of $ 514k at time of death, assuming a 2 % inflation rate.

Loyalty Addition is provided on the policy only after 5 year from date of purchase.

So, if a policyholder had purchased a Colony Term universal life 10 policy, and then they decided five years after purchasing it that they wanted to have coverage for the remainder of their lifetime, then the coverage extension feature would have allowed the insured to extend the death benefit protection guarantee to either age 90, age 100, or 105 — and, this could occur without the need for the insured to provide evidence of insurability.

Special exclusions may apply, such as suicide clauses, whereby the policy becomes null and void if the insured commits suicide within a specified time (usually two years after the purchase date; some states provide a statutory one - year suicide clause).

They do have the option of purchasing policies that need to be renewed every five or 10 years, but they will also need to take their physical exams again after those policies expire.

One way would be to purchase a permanent life insurance policy which would be given to the employee upon retirement, after a certain number of years with the company, or based upon a certain level of performance.

Because employment claims often come months or even years after the alleged incident, an employer might be vulnerable if the insurance coverage was dropped or if tail coverage (liability insurance that extends beyond the end of the policy period) wasn't purchased.

If, for example, you received a significant promotion and raise 5 years after purchasing term coverage, you might want to convert to a permanent life insurance policy to take advantage of the tax benefits and receive dividends.

For example, if you purchased a $ 250,000 life insurance policy after you got married and now ten years later have three children and decide you want $ 750,000 in coverage, you have two options: apply for a new $ 750,000 policy or apply for a second $ 500,000 policy.

After 10 years, you would have to purchase a new policy to retain coverage.)

When purchasing a convertible insurance policy, make sure you understand when you can convert the policy (for example, each year on the policy renewal date), at what point conversion is no longer allowed (for example, after age 65 or after age 75), and the features of the permanent policy (for example, how much savings it lets you accumulate, how you can invest those savings and whether the policy pays dividends).

A term life insurance policy works exactly how it sounds; after purchasing coverage, or committing to pay for coverage on a regular basis, you receive life insurance for a certain number of years or a «term.»

Which was exactly 2 years after the policy was purchased.

This is a clause that states that should the insured (meaning you) die from NATURAL CAUSES during a certain period of time immediately after purchasing your life insurance policy (typically 2 to 3 years), the life insurance policy will not pay the death benefit (the insurance coverage amount).

A 10 year term policy remains in effect for 10 years after the date of purchase, and both the death benefit and price go unchanged.

Most graded death policies have a two - year period after you purchase the plan before it's actually is effective (some have a three - year waiting period).

1 Employees pay a level premium until the age of 65 or for 20 years if the policy is purchased at age 46 or later, after which the policy becomes fully paid with no premiums due.