Sentences with phrase «access to death benefit for»

-- Access to death benefit for long - term medical costs.

Some policies even allow access to the death benefit for chronic illness, with long - term care riders also available.

Allows you access to your death benefit for critical illness or terminal illness.

This suite features Accelerated Access Solution, which allows access to death benefits for diagnosed chronic illness, and Lifestyle Income Solution, which allows access to death benefits for any reason after age 85.

Chronic Illness Rider: In the case of the insured being diagnosed with a chronic illness or have less than 6 months to live, this rider allows the insured to have access to death benefits for the cost of living such as nursing home or medical bills.

Not exact matches

When Life Happens Riders can help cover you for life's unexpected changes, such as waiving your premiums if you become disabled, or providing access to your death benefit early if you become terminally ill.

If you are diagnosed terminally ill, you can access your death benefit to receive needed cash to pay for various necessities, such as home modifications, medical bills or whatever else you need or want the money for.

The long - term care rider allows you the ability to access funds from the policy's death benefit for qualifying long - term care services.

Accelerated Access Solution — You can access the death benefit to help pay for care due to a qualifying chronic condition after a 90 day elimination pAccess Solution — You can access the death benefit to help pay for care due to a qualifying chronic condition after a 90 day elimination paccess the death benefit to help pay for care due to a qualifying chronic condition after a 90 day elimination period.

On the protection side, it generally includes a tax - free death benefit to your loved ones and has an optional feature that gives you the ability to access your policy values to help pay for costs should the insured suffer from a chronic or terminal illness, just in case.

For example, you may want the breadwinner to have more coverage than a stay - at - home spouse, or you may want only one person to have riders that offer extra provisions, like early access to the death benefit.

All Asset - Care plans include a guaranteed death benefit, guaranteed cash value growth and access to 100 % of the death benefit for qualifying long - term care expenses.

But what you gain is insurance that acts as an asset and that will grow in cash value and death benefit over time and allow you easy access to the funds for investments, paying off debt, or retirement planning.

If you have a qualifying chronic or terminal illness, you can access your death benefit for cash to use however you need.

For example, some policies allow tax - free access to the amount of death benefit to pay for long - term care cosFor example, some policies allow tax - free access to the amount of death benefit to pay for long - term care cosfor long - term care costs.

In the event you become terminally ill, this rider will allow you to access part or all of the death benefit cash and use it to pay for certain expenses like medical care.

Whole life insurance — a type of permanent policy — may be an option for people looking for a death benefit in addition to cash value that can be accessed while they are living.

In addition to providing a guaranteed death benefit for life, typically with guaranteed level premiums for life, whole life policies develop significant guaranteed cash values over time which the policyholder can access.

If you're diagnosed with a terminal illness, this lets you access your death benefit while you're still alive so you can use it to pay for medical expenses.

If you qualify for your cash indemnity benefit from your chronic illness rider, you can access the lesser of 2 % of your death benefit monthly or 24 % annually or up to the IRS per diem limit, currently $ 360 daily ($ 131,400 annually) for 2017, with maximum lifetime benefit of $ 2,000,000.

Accessing the death benefit to pay for long term care costs decreases your death benefit, but it is a valuable resource to have, rather than tapping into your nest egg.

When Life Happens Riders can help cover your client for life's unexpected changes, such as waiving their premiums if they become disabled, or provide access to their death benefit early if they become terminally ill.

If your beneficiaries don't know about the policy, they won't know to claim the death benefit you've been paying for all this time, and having easy access to the policy will help them claim the payout as soon as possible.

On the protection side, it generally includes a tax - free death benefit to your clients» loved ones and has an optional feature that gives them the ability to access their policy values to help pay for costs should the insured suffer from a chronic or terminal illness, just in case.

Like an accelerated death benefit rider, this allows early access to the death benefit to pay for long - term care like a nursing home or private nurse.

Allows the policyholder to access the death benefit early in to pay for medical expenses in the case of terminal illness.

In exchange for this uncomplicated access to no - fault benefits, the injured party can sue only in the case of serious injury, disfigurement, or death.

If no other vehicles were involved, you should have access to your own accident benefits coverage, which will pay for your medical and rehabilitation expenses (up to $ 150,000), lost wages of up to $ 300 per week, and death benefits — irrespective of fault.

Advance access for illness — If you've been diagnosed with a terminal illness, level - term life insurance may be able to provide up to 50 % of your policy's death benefit ($ 250,000 maximum) in advance.

In addition to providing a guaranteed death benefit for life, typically with guaranteed level premiums for life, whole life policies develop significant guaranteed cash values over time which the policyholder can access.

Some make you pay for the benefit, which allows for the owner to access a portion of the death benefit prior to death if the insured has chronic illness and / or is terminally ill (expected to die within 24 months).

In the event that you are diagnosed with a chronic or terminal illness after the two year graded benefit period, included riders in the policy allow for you to access portions of the death benefits early to help offset additional costs that arise due to your condition.

In the event you become terminally ill, this rider will allow you to access part or all of the death benefit cash and use it to pay for certain expenses like medical care.

Like an accelerated death benefit rider, this allows early access to the death benefit to pay for long - term care like a nursing home or private nurse.

This includes a waiting period and often a decreased payout within the first two years of policy ownership, not having access to enough death benefit if you need a larger policy, and some no exam policies do not provide coverage for those over a certain age.

If you're diagnosed with a terminal illness, this lets you access your death benefit while you're still alive so you can use it to pay for medical expenses.

For example, you may want the breadwinner to have more coverage than a stay - at - home spouse, or you may want only one person to have riders that offer extra provisions, like early access to the death benefit.

If your beneficiaries don't know about the policy, they won't know to claim the death benefit you've been paying for all this time, and having easy access to the policy will help them claim the payout as soon as possible.

With this rider, if you become terminally ill, you can access the death benefit to pay for medical costs rather than saddling your loved ones with debt.

Transamerica, an A + rated company founded in 1904, offers unique options, with a few of their term life products, such as Living Benefits for early access to death benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requiBenefits for early access to death benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requibenefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requirements.

Mutual of Omaha, an A + rated company founded in 1909, offers competitive underwriting for a range of health conditions, including high limits for accelerated death benefits, allowing those who have been diagnosed with terminal illness to access a portion of their policy's death benefit while still alive.

This rider gives you access to a portion of your policy's death benefit if you become chronically ill for at least 90 days.

If having maximum access to as much money as possible in case of Terminal illness is important to you, we can discuss various companies» specific Accelerated Death Benefit Rider (also known as Terminal Illness Rider) policies with you when we help you compare term life rates and apply for coverage.

The insured can access the entire death benefit in a short amount of time to help pay for a chronic illness.

Some of these features include access to the funds if the owner is confined to a nursing home, 10 % to 20 % free withdrawals each year for any reason, increased value as a death benefit, and higher interest earning guarantees while taking a fixed income stream that includes the ability to stop at any time and continue the annuity.

If, after this policy has been purchased, the insured's health status changes, he or she may be able to access funds from the policy's death benefit via the Accelerated Death Benefit for Chronic Illness Rdeath benefit via the Accelerated Death Benefit for Chronic Illnessbenefit via the Accelerated Death Benefit for Chronic Illness RDeath Benefit for Chronic IllnessBenefit for Chronic Illness Rider.

Policies offer access to the cash value and / or the accumulated death benefit in times of financial need or for long term care expenses.

This means that he or she could access the policy's death benefit proceeds, while still alive, for expenses that are related to a terminal illness diagnosis and confinement in a nursing home.

If your budget will permit, a cash value life insurance policy can not only protect your family in the event of your death but also provide you with additional policy benefits, such as access to cash values for an emergency.

There are more choices within the whole life umbrella with some offering a faster rate of growth for maximum cash value growth and others providing access to living benefits as well as the death benefit.