We believe a plain reading of the terms in the life insurance contract signifies that the policy should have terminated and been converted to extended term insurance on several occasions before 2008.
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While the federal class-action law has not necessarily had an effect on the types of industries that are affected by class-action cases, there has been a decline in cases that have, for example, led to an Illinois law being applied to an insurance contract in Alabama, Frank adds.
On the basis of his interpretation of the life insurance policy contract, petitioner stopped making premium payments in 1977 and considered the policy abandoned.
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Mutual whole life insurance, a contract that is a life insurance policy with a savings account attached, is also enjoying a major renaissance.
Privately-run health insurance companies that contract with Medicare are scoring higher in a government-backed quality rating system designed to guide seniors to better medical care choices and service, the Obama administration announced Friday.
What Medicare Advantage is, is basically the previous administration had this idea, instead of traditional Medicare, let's contract out to insurance companies to manage the Medicare program.
Insurance is supposed to mean a contract, by which a company pays for large, unanticipated expenses in return for a premium: expenses like your house burning down, your car getting stolen or a big medical bill.
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General manager Sandy Alderson said the remainder of the contract is not covered by insurance.
If the contract owner is unhappy with the current rate, he typically is faced with stiff surrender charges which deter him from withdrawing funds from the contract or switching to another insurance company offering higher rates.
Medicare Advantage plans are privately-run and contract with the government health insurance program for the elderly to provide same benefits offered under traditional fee-for-service Medicare plus some extras like vision care, prescriptions or certain additional outpatient and wellness benefits.
The United Nations Secretariat has cancelled its contract, as has State Farm Insurance, a longstanding customer.
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Both blended and contract ARPU benefitted from growing handset insurance revenues and from the introduction of reconnection fees.
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The Yankees believe they would recoup 75%-80% of that from the insurance policy they took out on Rodriguez' contract, according to a person with knowledge of the team's thinking.
Dividends on insurance policies if they exceed the total you paid for the contract.
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The 62-year-old Smith extended his second hugely-successful spell at Rangers by signing a new one-year contract after retaining the Scottish title and winning the Co-operative Insurance Cup.
At the end of the day, insurance companies invest in a bond portfolio, keep a large portion of the return and distribute the rest to the contract holder.
Surrender costs exist, among other reasons, to insure that the insurance company has the money long enough to repay themselves for the outlandish commission they paid the agent to acquire the contract.
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