Sentences with phrase «death benefit option b»

Death benefit option B is an increasing death benefit.

Not exact matches

The higher premium amount coupled with the lower initial death benefit amounts are the biggest disadvantage to universal life insurance option B.

Under universal life insurance option B, the policy proceeds increase over time and are equal to the cash value plus the death benefit.

Under option B, the death benefit grows in relation to the cash value.

Death Benefit Option changes from A to B are allowed after the 2nd policy year and changes from B to A are allowed after the 5th policy year.

Option B is an increasing death benefit, that will grow your death benefit over time.

Universal life insurance structured under Option B is designed so that proceeds of the policy rise in value over time and equal the death benefit plus the cash value.

Option B Increasing Death Benefits Universal life policyholders may elect an increasing death benefit (Option B) that increases as a policy's cash values incrDeath Benefits Universal life policyholders may elect an increasing death benefit (Option B) that increases as a policy's cash values incrdeath benefit (Option B) that increases as a policy's cash values increase.

Under Option B, in case of death of the insured during the tenure of the plan, the Sum Assured and an additional Accidental Death Benefit is paid to the nomdeath of the insured during the tenure of the plan, the Sum Assured and an additional Accidental Death Benefit is paid to the nomDeath Benefit is paid to the nominee.

Under Option B, 50 % of the death benefit is paid in lump sum and the remaining is paid in instalments under the Family Income Bbenefit is paid in lump sum and the remaining is paid in instalments under the Family Income BenefitBenefit.

Another feature of flexible death benefit is the ability to choose option A or option B death benefits and to change those options over the course of the life of the insured.

Option A is often referred to as a «level death benefit»; death benefits remain level for the life of the insured, and premiums are lower than policies with Option B death benefits, which pay the policy's cash value — i.e., a face amount plus earnings / interest.

People choose Option A because it keeps the premiums lower than Option B, while providing a level death benefit.

Option B however is really what I think makes the policy special since you can leave your loved ones the original death benefit and any cash value accumulation as well.

Under option B with the same policy, the $ 20,000 in cash value would be added to the $ 50,000 face - value amount to create a $ 70,000 death benefit.

If you pick an option B it may cost more, but your total death benefit will grow all the time.

Just a thought: Doesn't Universal Whole Life have an Option B to receive BOTH the death benefit AND the Cash Value?

Universal life policyholders may elect an increasing death benefit (Option B) that increases as a policy's cash values increase.

Option B - Income Protection Under this option, the Death Benefit shall be payable as Monthly Income (payouts made each month) to your nominee during the payout period as chosen by you at inception of pOption B - Income Protection Under this option, the Death Benefit shall be payable as Monthly Income (payouts made each month) to your nominee during the payout period as chosen by you at inception of poption, the Death Benefit shall be payable as Monthly Income (payouts made each month) to your nominee during the payout period as chosen by you at inception of policy.

Selects Survival Benefit Option B, Death Benefit Option 10X with a policy term of 20 years, premium payment term of 10 years and Sum Assured amount of Rs. 4,00,000

Under Option B, on death of the policyholder, future premiums are waived off and the Guaranteed Death Benefit is death of the policyholder, future premiums are waived off and the Guaranteed Death Benefit is Death Benefit is paid.

Death Benefit Option changes from A to B are allowed after the 2nd policy year and changes from B to A are allowed after the 5th policy year.

Option 2 or Option B will pay the death benefit and cash value for an extra added cost to your premium.

Someone who is looking for a term plan with a range of cover options like: a) Additional accidental death benefit or b) Increasing life cover during important milestones of life or c) Partial lumpsum payment to family members after death and remaining in monthly payments or d) Big lumpsum payment to family members after death and additional monthly payments If you also have one or more of the above listed requirements, then HDFC Life Click 2 Protect Plus plan is for you.

Family Income Benefit: If you choose option B, 60 % of Guaranteed Death Benefit is payable in equal installments for a period of 60 months.

Option B Option: Guaranteed Death Benefit plus family income benefit is pBenefit plus family income benefit is pbenefit is payable.

If you choose option B, 60 % of Guaranteed Death Benefit (as Family Income Benefit) is payable in equal installments for a period of 60 months.

Option B Option: Guaranteed Death Benefit plus family income bBenefit plus family income benefitbenefit.

Maturity Benefit Options (a) Enhanced Cash Option: · Sum Assured + Reversionary Bonus + Interim Bonus (if any) + Terminal Bonus (if any) + · Enhanced Terminal Bonus OR (b) Enhanced Cover Option: · Sum Assured + Reversionary Bonus + Interim Bonus (if any) + Terminal Bonus (if any) · And Additional Sum Assured payable on death of Life Assured upto the age of 99 Years.

b) Extra Life Option (Accidental Death Benefit): A additional lump sum amount is paid in case of death, over and above Sum Assured in case of death due to acciDeath Benefit): A additional lump sum amount is paid in case of death, over and above Sum Assured in case of death due to accideath, over and above Sum Assured in case of death due to accideath due to accident.

On death during the Policy Term, the nominee will have an option to select either a) Lump sum Death Benefit or b) Income for 10 years post death during the Policy Term, the nominee will have an option to select either a) Lump sum Death Benefit or b) Income for 10 years post Death Benefit or b) Income for 10 years post deathdeath