Sentences with phrase «death benefit guarantee means»

The 50 % Death Benefit guarantee means that regardless of what happens with the SPIA policy, one - half of the initial premium will go to the beneficiaries in a lump sum.

Not exact matches

This means, your loved ones are guaranteed a death benefit, which is not subject to federal income taxes, as long as premiums are paid.

Your life insurance version will include a guaranteed death benefit, which means your beneficiary will receive the amount invested, minus a withdrawal fee.

Repaying the cash value in your policy allows it to exponentially grow, allowing more cash value, more guaranteed growth, more tax advantaged dividends, growing death benefit and essentially a compounding AND EVER EXPANDING SAFE BUCKET to provide greater means to pursue, higher risk, higher return investments... and the strategy compounds and grows and grows and compounds.

The Silver Guard l plan offers a guaranteed level amount of death benefit, which means that from the date of policy issue, the amount of the life insurance coverage will never decrease.

This means, if you pay your premium or the cash value in your policy pays the premium, your death benefit will be guaranteed.

We would certainly be able to help out your grandfather with a guaranteed issue final expense policy, but they would all contain what is called a Graded Death benefit, which would mean that the policy would not cover any losses as a result of natural causes for the first 2 years that the policy is in effect.

Guaranteed Issue Graded Benefit Whole Life Insurance: Available for ages 45 - 80, this guaranteed issue life insurance comes with a two year graded death benefit, meaning it will pay 100 % of the death benefit in the first two years only if the death is aGuaranteed Issue Graded Benefit Whole Life Insurance: Available for ages 45 - 80, this guaranteed issue life insurance comes with a two year graded death benefit, meaning it will pay 100 % of the death benefit in the first two years only if the death is acciBenefit Whole Life Insurance: Available for ages 45 - 80, this guaranteed issue life insurance comes with a two year graded death benefit, meaning it will pay 100 % of the death benefit in the first two years only if the death is aguaranteed issue life insurance comes with a two year graded death benefit, meaning it will pay 100 % of the death benefit in the first two years only if the death is accibenefit, meaning it will pay 100 % of the death benefit in the first two years only if the death is accibenefit in the first two years only if the death is accidental.

One last note, be sure your plan is guaranteed universal life, meaning as long as you or your cash value pays the minimum premium, the death benefit is guaranteed.

If he is unhealthy and needs something close to guaranteed underwriting (meaning almost everyone is insurable), then it will most likely have a graded death benefit.

You may also choose a policy with a guaranteed death benefit, which means your family is guaranteed to receive a lump sum of money in the event of your passing.

Transamerica's final expense life insurance is a whole life insurance policy — which means that it provides a death benefit and a premium amount that is locked in a guaranteed.

They are typically considered guaranteed issue or instant issue rated death benefit policy and graded means there's that waiting period.

When it comes to understanding what some of the disadvantages of purchasing a guaranteed acceptance life insurance policy are, the first thing a client or potential customer needs to understand is what the term «Graded Death Benefit» means, and how it could potentially influence whether or not a guaranteed life insurance policy will be the right option for them.

This means that the death benefit amount that goes to the policy's beneficiaries is guaranteed.

Your life insurance version will include a guaranteed death benefit, which means your beneficiary will receive the amount invested, minus a withdrawal fee.

Another advantage of this policy is dependant on the carrier but many offer a guaranteed death benefit which means that the death benefit amount that goes to your beneficiaries is guaranteed to happen.

That means that if you purchase a guaranteed issue policy, you have a really good shot at outliving the graded death benefit period.

If death occurs by accidental means, the full death benefit is guaranteed no matter when it takes place.

What we mean by this is that it's always better to have an insurance policy with a 100 % guarantee that your loved ones will receive the full death benefit right away upon your passing.

They also have a two - year benefit waiting period (applicable to all guaranteed issue policies and some simplified issue policies) meaning that if a policyholder dies within the first two years, and the death is from disease and not from an accident, the claim will not be paid and only the premiums will be returned.

Many policies have «no lapse» guarantees, which means your death benefit won't run out early.

A graded life death benefit means that in the first two or sometimes three years, your beneficiary will not be eligible to receive the guaranteed issue life insurance death benefit if the insured dies from what is considered an «natural» cause of death.

Death benefits are guaranteed through the MassMutual whole life policy, which means the beneficiary of your life insurance policy receives a lump sum cash payment regardless of when you die.

Which means that when you purchase a guaranteed issue life insurance policy, because it will contain a graded death benefit, you will not be covered in the event that you die from an illness for some set period of time (typically for the first 2 - 3 years after purchasing your life insurance policy).

Guaranteed Acceptance Life Insurance is graded death benefit, which means you don't have full life insurance coverage until you have been insured for 2 years.

I asked if what he meant was that it had a guaranteed level premium and a guaranteed level death benefit and he agreed to that definition.

When he says they are positioning, what he means is that their product will be priced comparably to products that guarantee a death benefit and level premium for life.

That could potentially mean a death benefit nearing $ 50,000 by age 100 or a guaranteed cash out of $ 25,000.

When I first started in the business permanent life insurance meant whole life and it meant that it was guaranteed to age 100 with a level premium and level death benefit and at age 100 the cash value equaled the death benefit.