Sentences with phrase «full death benefit paid»

Modified benefit: Full death benefit paid out after two full years.

If your death is the results of an accident there will be a full death benefit paid out from $ 5,000 to $ 25,000.

Not exact matches

With a guaranteed issue life insurance policy, if you die because of an accident (e.g. a car crash) within the first two years, the full death benefit will be paid to your beneficiaries.

If you die by any means after the first two years, the full death benefit amount will be paid to your beneficiaries.

Globe Life only offers coverage with no medical exam so, if you're healthy, you'll pay higher rates for the same death benefit than you would at an insurer with full underwriting.

If you pass away during this period of time, the insurer wouldn't pay the full death benefit to your beneficiary.

In addition, there's a two - year waiting period after you purchase coverage during which, if you pass away for any reason besides an accident, the full death benefit would not be paid.

Ultimately, if you choose not to payback the loan, it will be paid back in full when your death benefit is paid out.

If no long - term care benefits are paid, then the policy pays out the full death benefit when the insured person dies.

If your mom lives for at least two years, then the full death benefit of the policy will pay out.

If you die during the first two years, the death benefit paid to your beneficiaries generally will be the amount you paid in premiums plus interest, although some companies will pay the full face amount for accidental death.

Also, how exactly would a life insurance company make any money if they guaranteed a $ 1 million dollar death benefit on $ 400k in premiums, and at death they paid BOTH in full?

These type plans are called Graded Benefit plans, because they don't pay out their full death benefit for a fewBenefit plans, because they don't pay out their full death benefit for a fewbenefit for a few years.

With a guaranteed issue life insurance policy, if you die because of an accident (e.g. a car crash) within the first two years, the full death benefit will be paid to your beneficiaries.

When your beneficiaries are paid a death benefit amount, the full amount is theirs to keep.

After two years, the full death benefit would be paid to your beneficiaries, regardless of the cause of death.

The face amount of coverage can go up to $ 20,000, and the full death benefit will be paid out after the insured has had the policy for a period of at least three years.

This means that in many cases the full amount of death benefit will be paid upon the death of the insured without a waiting period.

If you die while the policy is in effect, then the insurer pays the full death benefit to whomever you've named as the beneficiary.

This money, which is deducted from your policy's death benefit, can cover full - time home care or pay for your nursing home fees.

It's important to note if you take out a loan on your whole life insurance policy and die while the loan is out, the death benefit may be used to pay back the outstanding amount, meaning your beneficiaries won't get the full amount.

A premium is paid monthly to keep the policy active, covered in full or in part by the employer, and upon the death of the employee a lump sum of money, the death benefit, is paid out to a designated group or person known as the beneficiary.

+ read full definition for the death benefitDeath benefit Money that your life insurance or savings and pension plan (s) pays to your estate or beneficiary after your death.

While some burial insurance policies will pay out the full amount of the stated death benefit, others pay out what are known as graded death benefits.

Second, they will impose a two year waiting period before their policy will pay the full death benefit.

First of all, you need to understand that there's going to be at least a 2 year waiting period before the full death benefit is paid out known as the «graded» period.

If you were to pass away within the first 2 years full death benefit would not be paid.

One of these is the fact many guaranteed acceptance life insurance policies will not pay out the full amount of the death benefit if the insured dies within the first two years of owning the policy.

If death is due to accidental causes, full death benefit is paid.

However, if your death is due to an accident in the first 2 years, the company will pay out the full death benefit.

You should also ask: When does the policy pay out its full death benefit?

A graded death benefit means the death benefit pays out the full face amount after two years or in the event the insured dies of an accidental death.

* If death occurs due to accidental causes, the full death benefit will be paid to the beneficiary, less any policy obligations.

After the two - year Graded Death Benefit period, if you die for any reason the full face amount of the policy shall be paid to your beneficiary.

While pays the full death benefit from the beginning of the policy, the latter will pay a smaller benefit if you happen to die within the first two years (other than accidental death).

After two years, the full death benefit would be paid to your beneficiaries, regardless of the cause of death.

That means your death benefit will gradually reduce if you choose not to repay the loan, or if you do not pay the full amount due, which may leave your family under - protected.

If the bank had been made the beneficiary, they would've been given the full death benefit, even if some of the loan had already been paid off.

Also note that even during the initial 2 or 3 year period, if death occurs as a result of an accident, then the full death benefit would be paid.

In this scenario, you are not subject to a full waiting period where your policy pays no death benefit during the first 24 months.

If, however, the death was due to an accident, the full amount of the death benefit will be paid.

If the insured passes away during that period, the full amount of the death benefit is paid to the beneficiaries the insured chose.

After the two years, the coverage becomes ordinary life coverage and the full death benefit would be paid to your beneficiaries upon your death.

However, if you should pass away during the first two years due to an accident, they will pay out the full death benefit.

If you die prematurely and don't have the full death benefit available for your loved ones it can have devastating effects, as your family may not have enough money to replace your income, pay down debt or meet other financial needs.

That means we can help them get a policy that pays its full death benefit from day one, and they will pay a monthly premium that is no higher than what a marathon runner would pay.

Death in year three or later will result in the policy paying out the full face value also known as the death benefit of the poDeath in year three or later will result in the policy paying out the full face value also known as the death benefit of the podeath benefit of the policy.

Burial insurance with no waiting period is a policy that will pay out the full death benefit starting from the very first day.

Companies like this will still offer you a death benefit that pays out in full right away.

Full benefits will be paid for accidental death from first day of coverage.