Sentences with phrase «guaranteed cash benefit»

Health Assurance - Critical Illness Plan covers 20 major critical illnesses and provides guaranteed cash benefit equivalent to sum insured on diagnosis.

On survival of the life assured till completion of the premium paying term, Guaranteed Cash Benefit as 1 % & 11.5 % of Guaranteed Maturity Benefit for monthly & Annually cash benefit mode, respectively.

Below is a sample illustration showing the Guaranteed Cash Benefit, Guaranteed Maturity Benefit and Sum Assured under the plan for various combinations of premium amount and policy term.

Step 2 - after the premium paying term is over Guaranteed Cash Benefit is paid monthly or annually as chosen by the policyholder till the term is over.

Based on the insured's age and the above factors, the Guaranteed Cash Benefit and the Guaranteed Maturity Benefit are calculated.

On maturity, higher of the Guaranteed Maturity Benefit + reversionary bonuses + terminal bonus, if any or 100.1 % of all premiums paid less Guaranteed Cash Benefits already received is paid to the policyholder

Guaranteed Cash Benefits @ 1 % of the Guaranteed Maturity Benefit in case of monthly mode or 11.5 % in case of annual mode is paid from the end of PPT till end of term or death whichever is earlier

Not exact matches

But the worst part about a profit sharing plan, is if it doesn't perform, many times you have to add additional cash to guarantee the future benefit to your employee.

In addition to helping you save for retirement, the Vanguard Variable Annuity also can provide you with dependable cash flow during retirement if you choose the Guaranteed Lifetime Withdrawal Benefit rider.

Some permanent policies are eligible to receive dividends, and although they aren't guaranteed, they help to increase the cash value and death benefit of the policy.

If you're considering permanent life insurance, but are wary of the complexity of the policy and not interested in the cash value or investment benefits, guaranteed universal life insurance is a less expensive way to purchase nearly - lifelong coverage.

This feature guarantees that the policy will not default, even if the cash surrender value falls to zero or below, provided that the Death Benefit Protection Value remains greater than zero and policy debt never exceeds the Policy Value.

«That way, we can offer them guaranteed death benefit, guaranteed cash value and guaranteed long term care coverage.»

The new cash balance plan is technically a defined benefit plan, but rather than defining the amount teachers receive through a back - loaded formula, each teacher will receive a guaranteed return on his or her contributions.

The cash balance would guarantee all teachers a pre-determined rate of return — 5 percent in this example — and provide a steady accrual of retirement benefits rather than the current back - loaded system.

The Penn Mutual Guaranteed Choice Whole Life insurance policy is a participating whole life insurance policy designed to provide three guaranteed items: death benefit, cash value accumulation, and fixedGuaranteed Choice Whole Life insurance policy is a participating whole life insurance policy designed to provide three guaranteed items: death benefit, cash value accumulation, and fixedguaranteed items: death benefit, cash value accumulation, and fixed premiums.

Whole Life Insurance Definition: also known as ordinary life insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawals.

This Non guaranteed benefit (as percentage of Sum Assured on Maturity) is paid out as a cash bonus every year starting from the 6th Policy year, until maturity or death, whichever is earlier.

They will either pay it out of cash flow (from increased taxes), or decrease the benefits, because they are not guaranteed as pension benefits are.

Or you may wish to lock in a steady rate with a permanent life insurance policy, which accrues cash value, and pays a guaranteed death benefit, even if you live to be 100 years old.

However, these opinions often do not carefully consider the fact that as a whole life investor, you're purchasing both a permanent death benefit AND guaranteed cash value growth with tax advantages.

Those payments are invested in the company's general account, which in turn, guarantees that you or your beneficiaries will receive at least the policy's guaranteed cash value or death benefit.

Although death benefits usually have a floor, there is generally no guarantee on cash values.

A typical couple with no savings might expect $ 32,000 in combined federal benefits, so the reverse mortgage would increase their cash flow by almost 20 % to more than $ 38,000, which they can enjoy tax - free and without impacting their Guaranteed Income Supplement entitlement.

As for air miles, cash back bonuses and the like, if this legislation goes through I can almost guarantee you that these benefits will not apply for any transactions taking place at fee reduced organizations.

The three guarantees include a guaranteed death benefit, guaranteed level premium and guaranteed cash value growth.

Depending on your age, you might decide to: sit tight; reduce the death benefit to make the cash reserves last longer; put in more money (if you're sitting on cash and a 4 % return is guaranteed); exchange the policy for a different one; or sell the policy.

The GUL 3 offers a guaranteed death benefit and guaranteed cash value growth.

Horizon Guarantee focuses more on permanent death benefit protection, rather than early cash value growth.

A non participating whole life policy that provides guaranteed cash value, guaranteed level premiums and guaranteed death benefit protection.

Lifetime Assure universal life insurance provides a number of advantages, including death benefit protection combined with guarantees in case of premature death, and cash accumulation that can help you meet many needs.

While it's not the core benefit of the policy, Symetra's guaranteed universal life insurance also builds a cash value with a guaranteed 2 % annual interest rate.

If you're considering permanent life insurance, but are wary of the complexity of the policy and not interested in the cash value or investment benefits, guaranteed universal life insurance is a less expensive way to purchase nearly - lifelong coverage.

Asset based LTC insurance coverage provides a guaranteed death benefit, long - term care coverage, cash value accumulation and potential return of premium.

While these other types do offer a death benefit that can be guaranteed by a rider in many cases, they primarily FOCUS on cash value accumulation within the policy that varies as follows:

The guarantees offered with whole life policies are a guaranteed level premium, guaranteed death benefit for your entire life and guaranteed cash value accumulation.

When comparing guaranteed universal life to traditional whole life insurance, the discussion shifts away from guaranteed vs. non-guaranteed because whole life insurance offers a guaranteed death benefit WITH guaranteed cash value accumulation.

Some Guaranteed Universal Life insurance policies are designed to maximize the death benefit and minimize cash value.

You believe that you would outlive a term life insurance policy and want something that will grow over time that has certain guarantees like cash value growth and death benefit

Although term life insurance does provide a guaranteed death benefit for a period of time, the nerds (actuaries) at the home offices of the major insurance companies know very well you will likely never cash in on the death benefit of a term life policy.

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.

With whole life, the amount of the death benefit is guaranteed, and the cash value that is within the policy is allowed to grow on a tax - deferred basis.

Typically, the death benefit and an annual return on the cash value is guaranteed.

AXA's Interest Sensitive Whole Life ℠ provides guaranteed cash accumulation, guaranteed fixed premiums and a guaranteed death benefit.

2 The adjusted total premium is the initial single premium plus any underwritten increases, less any partial surrenders and any applicable surrender charges in excess of policy gain and any loans and accrued loan interest, The death benefit guarantee will not apply if the sum of any outstanding loans plus accrued loan interest is greater than the policy's cash value, The death benefit guarantee will not apply if the sum of any outstanding loans plus accrued loan interest is greater than the policy's cash value.

provides guaranteed cash accumulation, guaranteed fixed premiums and a guaranteed death benefit.

The cash value of universal and variable policies is not guaranteed, although some policies set a minimum death benefit.

As with whole and universal life insurance coverage, this policy includes a guaranteed death benefit and cash accumulation.

A benefit of this account is that the high - interest return and no monthly fees guarantee that you'll have some extra cash if you leave your funds in play, which should be easy if you don't have checks and ATM cards to tempt you.

Citi Double Cash: Pricing information including interest rates, rewards, benefits and fees was obtained on March 27, 2018 from published websites and is believed to be accurate, but not guaranteed.