Handy Guide to Premium Rates, Applications and Policies of American Life Insurance Companies |
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Common terms and phrases
according accumulate additions advance agent agree American amount ance annual instalments ANNUAL PREMIUM application assignment attained become beneficiary benefits Cash or Loan cash surrender value cash value cent per annum charge claim company's computed continue contract current policy death deducted default disability dividend dollars effect elect endorsement endowment entire equal event exceed existing Extended Insurance face five force furnished further grace guaranteed hereby hereon hereunder home office hundred income indebtedness Insurance Company interest issued less Loan Value maturity ment month notice one-half per cent option otherwise paid paid-up insurance Paid-up Policy participating payable payee payment of premiums period person president privilege proceeds purchase receipt receive reduced remain reserve satisfactory secretary secured signed specified statements subsequent term insurance thereafter therefor thousand three and one-half twenty unless unpaid writing written
Popular passages
Page 409 - A provision that all statements made by the insured shall, in the absence of fraud, be deemed representations and not warranties...
Page 85 - ... unless the total indebtedness thereon to the company shall equal or exceed such loan value at the time of such failure nor until one month after notice shall have been mailed by the company to the last known address of the insured and of the assignee, if any.
Page 138 - ... by filing written notice thereof at the Home Office of the Company, accompanied by the Policy for suitable endorsement thereon. Such change shall take effect upon the endorsement of the same on the Policy by the Company and not before.
Page 105 - In consideration of the application for this policy, which is hereby made a part of this contract, the Mutual Life Insurance Company of New York promises to pay at its home office in the city of New York, unto William M.
Page 574 - If the age of the insured has been misstated, all amounts payable under this policy shall be such as the premium paid would have purchased at the correct age.
Page 557 - ... promises, or information made or given by or to the person soliciting or taking this application for a policy, or...
Page 334 - A grace of one month subject to an interest charge at the rate of per centum per annum shall be granted for the payment of every premium after the first, during which month the insurance shall continue in force.
Page 229 - ... the policy may be reinstated within three years from such default, upon evidence of insurability satisfactory to the company and payment of arrears of premiums and the payment or reinstatement of any other indebtedness to the company upon said policy, with interest at the rate of not exceeding six per centum per annum.
Page 375 - Except as herein provided the payment of a premium or instalment thereof shall not maintain the policy in force beyond the date when the next premium or instalment thereof is payable. All premiums are payable in advance at said home office or to...
Page 398 - behalf of myself and of any person who shall have or claim, any interest in any policy Issued hereunder, all provisions of law forbidding any physician or other person who has heretofore attended or examined me, or who may hereafter attend or examine me, from disclosing any knowledge or information which he thereby acquired.