Term Life Insurance Definitions helps the buying public to become more knowledgeable of term life insurance and  permanent life insurance.

 Apply!   
       
Mon.-Fri. 9-5 ET
 Toll Free 888.587.8511 
Help: Contact Us

 Policy Owner Service Phone Numbers >>

America’s Top Rated Term Life Insurance Companies
American General | American Mayflower | Banner | Chase | Empire General | F & G | First Colony | Genworth | ING | Jefferson-Pilot | Lincoln Benefit | Lincoln National | North American | Protective | Prudential | RBC - Liberty Life | SBLI | Security Mutual | Transamerica | Union Central | U.S. Financial | West Coast | William Penn

Affordable buy online in 10 minutes from a  top rated carrier!

get a quote Health Insurance Quotes!

get a quote Disability Insurance Quotes!


Offering The Best Policy Language For Physicians From Top Rated Disability Insurance Companies!

get a quote Long Term Care Insurance Quotes!
Available From Top Rated Long Term Care Insurance Companies!



 
 


Term Life Insurance by Top Companies
 For the serious shopper who would like a seasoned professional to assist them-
Term Life Insurance Quotes     Term Life Insurance No Exam

 Offering the Largest Selection of Top-Rated Companies Instantly!  Why is this important?
 Personalized Tele-Application for All Companies, Right Over the Phone!
 More companies allows for the best opportunity to obtain the lowest term life insurance quote!

TERM LIFE INSURANCE ENDORSEMENT POLICY PROVISIONS
  
 


What are the contractual provisions of a term life insurance policy contract?
These term life insurance contractual endorsement policy provisions are general in nature and may differ by insurance company and/or by policy filing. Insurers usually direct underwriters to modify standard forms by attaching endorsements preapproved by counsel for various common modifications. In this case the endorsement speaks to a policy premium modification.

ENDORSEMENT

The first paragraph under the Premiums section of the Table of Term Life Insurance Premiums and Amounts of Insurance is hereby replaced with the following:

"The Annual Premium is the premium that is required in full, at the beginning of the policy year. Available Non-Annual premium payment modes are: Semi-Annual, Quarterly and Monthly. The Annual Premium is multiplied by the applicable modal factor from the Modal Factors Table to determine each Non-Annual modal premium which will be due on the frequency for the particular mode chosen. The total yearly premiums on a Non-Annual mode can be calculated by multiplying the Non-Annual modal premium by the number of times it is due during a policy year (e.g. 4 for the Quarterly mode). The total yearly Non-Annual premiums will exceed the Annual Premium shown in this Table. The Maximum Annual Premium applies only to the maximum total premium that is payable at the beginning of the policy year under the annual mode and does not apply to premiums paid on a non-annual mode. The total yearly Maximum Non-Annual premiums will exceed the Maximum Annual Premium shown in the Table. This information, as well as the yearly dollar difference between the various Non-Annual modes and the Annual Premium, can be obtained from the Company upon request."


 This concludes the term life insurance endorsement policy provisions section of the provisions of a term life insurance policy contract.

Related:
get a quote  general contractual policy definitions
get a quote  general contractual policy provisions
get a quote  contractual policy premium provisions
get a quote  contractual policy renewal, conversion, and exchange provisions

 get a quote  contractual non-forfeiture policy provisions

 get a quote  contractual policy loan provisions

 get a quote  contractual endorsement policy provisions

 get a quote  contractual settlement payment options policy provisions

      

   
HTML Comment Box is loading comments...


TermLifeAmerica.com- Lewis Fink is licensed as an insurance agent offering Life Insurance in the following states: Alabama - AL, Arkansas - AR, California - CA, Colorado - CO, Connecticut - CT, Delaware - DE, District of Columbia - DC, Florida - FL, Georgia - GA, Idaho - ID, Illinois - IL, Indiana - IN, Iowa - IA, Kansas - KS, Kentucky - KY, Louisiana - LA, Maine - ME, Maryland - MD, Massachusetts - MA, Michigan - MI, Mississippi - MS, Missouri - MO, Montana - MT, Nebraska - NE, New Mexico - NM, New Jersey - NJ, New York - NY, North Carolina - NC, North Dakota - ND, Ohio - OH, Oklahoma - OK, Pennsylvania - PA, Rhode Island - RI, South Carolina - SC, South Dakota - SD, Tennessee - TN, Texas - TX, Utah - UT, Vermont - VT, Virginia - VA, and Wisconsin - WI.  


Not all insurance products from all insurance companies are available in all states.
<Return To Previous Page>