Sentence examples for lapsed policy from inspiring English sources

But the new law will require market rates for newly purchased property, any property that has improvements exceeding 30 percent of its value or any new policy or renewal of a lapsed policy.

The payoff for both sides is fewer lapsed policies and less debt issues.

Insurance companies make a tremendous amount of money from lapsed policies, after individuals pay premiums for years and then never collect a death benefit.

Local insurance companies on Bermuda experienced a great increase in business, as residents renewed lapsed policies or signed up for new policies for homes or businesses, though marine policies were stopped several days before the hurricane struck.

An improvement in the profit margin was regarded as positive, but the need to increase its provision for lapsing policies was regarded as negative.

In 1848 this territory was also annexed by the Bombay Presidency under the doctrine of lapse policy of Lord Dalhousie.

2. Mistake #2: He didn't pay the premiums and the policy lapsed: If life insurance premiums are not paid, the policy will be canceled and you will not be protected.

The insured may take the cash value and lapse the policy.

The insured is not overpaying for protection, because of the claim on the cash values that accumulate in the early years; the policyholder may borrow on this value or may recapture it completely by lapsing the policy.

Instead of just mailing a letter, he said, it would be better if the lenders called before the insurance policies lapsed.

If the policy lapsed, the policyholder received nothing in return, unlike return-of-premium policies.