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Do you think that we're actually going to pay out the sum assured?
Example three, the cost of the sum assured of life?
The sum assured for life was how much, anybody?
Then the sum assured is payable, just as if he had actually had died.
In other words, his widow was entitled to the sum assured less the outstanding premium.
If you cannot complete the declaration without qualification, the sum assured may also have to be reduced under your Bond.
In the event of death of the policy holder, the sum assured is paid to his or her beneficiaries.
Yes, that's the premium, I said the sum assured, sorry, I'm reading it off here.
A. Your dependents would receive the sum assured together with all bonuses attaching to the policy at that time.
Absolutely, absolutely, you're looking at the sum assured that the client has got, being supported by the fund.
If the life-assured dies before the end of the term, the sum assured and any accumulated returns are paid out.
Another option is to choose an increasing lump sum, so that the sum assured increases as time goes by.
"After that period, the parent can get a yearly cash payment, around 8-10% of the sum assured, to help them with expenses."
The sum assured was £500.
The overall intention is to add bonuses to the sum assured so that it grows to match, and perhaps even outgrows, the actual mortgage.
The sum assured is Rs.
Every year I got a statement with bonuses added from the company's dealings and investments the previous year - and the sum assured rose steadily.
If you are aged over 55, Family Assurance Society will reduce the sum assured by £20 for each year above 55.
But a year later they wrote to say they were either reducing the sum assured by around 90pc or increasing our monthly premiums eightfold."
He wants a hundred thousand sum assured, escalating premium with waiver of premium on the sum assured for life.
If you cannot return to your home, insurance policies will provide alternative accommodation up to 20 per cent of the value of the sum assured, ie the rebuilding costs.
Legal & General's Business Protection Plan now enables firms to claim 80% of the sum assured when terminal illness is diagnosed and death is expected within 12 months.
When we changed the concept of insurance totally, and we have said that the sum assured will be paid out on the diagnosis of the disease, and not on death or anything else.
There is an amount guaranteed to be paid out called the sum assured and this can be increased on the basis of investment performance through the addition of periodic (for example annual) bonuses.
On death, the premiums cease, the sum assured is paid on the living assurance or the Covermaster Plan, living expense is reduced, the widow could work or remarry, a potential answers.