Sentences with phrase «illness benefit qualify»

Premium paid towards the critical illness benefit qualify for tax benefits as per Section 80D of the Income Tax Act, 1961.

Premiums paid for the Critical Illness benefit qualify for tax benefits as per Section 80D of the Income Tax Act, 1961.

Not exact matches

Qualifying chronic illnesses do not need to be permanent and the maximum amount that can be accelerated has been increased to $ 2 million (lifetime maximum for all benefits).

Qualifying chronic illnesses no longer need to be permanent and the maximum amount that can be accelerated has increased to $ 2 million (lifetime maximum for all three benefits combined per policy).

The percentage of the death benefit you can receive is generally less than 50 %, what qualifies as a terminal illness varies depending on your policy, and the payout you receive may be deducted with interest from the face value of your policy.

Accelerated Benefits rider (with Critical Illness Coverage): covers qualifying specific illness or critical illness or condIllness Coverage): covers qualifying specific illness or critical illness or condillness or critical illness or condillness or conditions.

Accelerated Benefits rider (terminal illness only): pays out a portion of the death benefit for a qualifying terminal illness.

You can accelerate up to 75 % of the death benefit (up to a max of $ 500,000) if you've been diagnosed with a qualifying terminal illness.

If you have a qualifying terminal illness, the rider kicks in and your life insurance company will pay you a lump sum from your death benefit of anywhere between 25 and 80 percent.

It basically acts as a chronic illness rider, allowing you to tap into your policy's death benefit if you are diagnosed with a qualifying chronic illness.

An accelerated death benefit rider simply gives you the option to receive a portion of the death benefit early if you're diagnosed with a qualifying illness.

Critical Illness Benefit Rider: covering qualifying critical illnesses such as heart attack, stroke and cancer, this optional rider will pay you a lump sum of $ 20,000 up to $ 150,000 if you are diagnosed with a qualifying major iIllness Benefit Rider: covering qualifying critical illnesses such as heart attack, stroke and cancer, this optional rider will pay you a lump sum of $ 20,000 up to $ 150,000 if you are diagnosed with a qualifying major illnessillness.

The policy includes an accelerated death benefit rider which will pay you a lump sum if you are diagnosed with a qualifying terminal illness.

The percentage of the death benefit you can receive is generally less than 50 %, what qualifies as a terminal illness varies depending on your policy, and the payout you receive may be deducted with interest from the face value of your policy.

Accelerated Benefit: you can access a portion of your death benefit for a qualifying terminal illness or chronic iBenefit: you can access a portion of your death benefit for a qualifying terminal illness or chronic ibenefit for a qualifying terminal illness or chronic illness.

Accelerated Death Benefit for Terminal Illness: can access a portion of the death benefit for a qualifying terminal illness, if diagnosed with a life expectancy of 12 months oBenefit for Terminal Illness: can access a portion of the death benefit for a qualifying terminal illness, if diagnosed with a life expectancy of 12 months oIllness: can access a portion of the death benefit for a qualifying terminal illness, if diagnosed with a life expectancy of 12 months obenefit for a qualifying terminal illness, if diagnosed with a life expectancy of 12 months oillness, if diagnosed with a life expectancy of 12 months or less.

Accelerated Death Benefit Plus Rider: can access a portion of the death benefit for a qualifying terminal illness, medical condition, or chronic iBenefit Plus Rider: can access a portion of the death benefit for a qualifying terminal illness, medical condition, or chronic ibenefit for a qualifying terminal illness, medical condition, or chronic illness.

Critical Illness Benefit Rider which pays you a lump sum from $ 20,000 to $ 150,000 if you suffer from a qualifying major illness such as hearth attack, stroke or Illness Benefit Rider which pays you a lump sum from $ 20,000 to $ 150,000 if you suffer from a qualifying major illness such as hearth attack, stroke or illness such as hearth attack, stroke or cancer.

Accelerated Death Benefit for Chronic Illness: can access a portion of the death benefit for a qualifying chronic iBenefit for Chronic Illness: can access a portion of the death benefit for a qualifying chronic iIllness: can access a portion of the death benefit for a qualifying chronic ibenefit for a qualifying chronic illnessillness.

Additionally, IUL policies offer long - term care riders or chronic illness riders that provide benefits for qualifying chronic illnesses.

If you are diagnosed with a qualifying chronic illness, you can access a portion of your death benefit.

The rider provides the ability for you to obtain a monthly benefit by accelerating the policy's death benefit to pay for qualified long - term care expenses if your are diagnosed with a qualifying chronic illness.

Acceleration of Death Benefit Rider: provides access to your death benefit if you are diagnosed with a qualifying terminal iBenefit Rider: provides access to your death benefit if you are diagnosed with a qualifying terminal ibenefit if you are diagnosed with a qualifying terminal illness.

An accelerated death benefit (ADB) payout allows the insured to access a portion of the death benefit in advanced if he or she is diagnosed withe a qualifying terminal illness or chronic illness.

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

Chronic and Terminal Care Rider: provides access to your death benefit if you are diagnosed with a qualifying chronic illness or terminal illness.

An accelerated death benefit is also available, which pays 75 % of the death benefit, up to a maximum of $ 1,000,000 if you are diagnosed with a qualifying terminal illness.

Other circumstances under which you might qualify for an accelerated benefit are acute illnesses that are typically fatal without treatment but may not necessarily fall within the 12 - 24 month timeline; catastrophic illnesses that require procedures like organ transplants; or if you're unable to perform basic daily activities.

In order to qualify for Penn Mutual's chronic illness accelerated benefit rider you must be unable to perform 2 of 6 activities of daily living, or have a severe cognitive impairment for a period of 90 consecutive days, and continuous care in an eligible facility or at home is expected to be required for the rest of your life.

With a chronic illness rider, if you qualify for the benefit, you can access a portion of your death benefit in advance.

Chronic Illness and Terminal Illness Riders: you can receive an early portion of your death benefit if you are diagnosed with a qualifying chronic or terminal iIllness and Terminal Illness Riders: you can receive an early portion of your death benefit if you are diagnosed with a qualifying chronic or terminal iIllness Riders: you can receive an early portion of your death benefit if you are diagnosed with a qualifying chronic or terminal illnessillness.

There are generally two ways you can qualify to receive cash indemnity from your death benefit with the chronic illness rider.

Depending on the insurance company, you can access virtually all your death benefit in advance if you qualify for the chronic illness rider.

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.

If you are diagnosed with a qualifying terminal illness, you can access your death benefit for cash while you are still alive.

The long term care insurance income benefit is guaranteed if you are diagnosed with a qualifying chronic illness or cognitive disorder.

Some workplace injuries and illnesses may also qualify for Social Security Disability benefits.

Any injury or illness which is directly related to your job duties qualifies for Workers» Compensation benefits.

In some cases, the qualifying period may be extended to a maximum of 104 weeks if you were not employed due to illness, pregnancy, imprisonment or enrolment in a course approved by the Human Resources and Skills Development Canada and were not receiving EI benefit.

The claimant must be able to prove that the injury or illness for which benefits are sought was caused by their job to qualify for benefits.

Accelerated Access Solution — if you suffer a qualifying illness, this rider allows you to access your death benefit without being taxed.

Trendsetter Term Policy with «Living Benefits» offers high levels of term life insurance protection, and adds a «living benefit» that allows you to potentially access a portion of your policy benefit while you're still alive if you're diagnosed with a qualifying chronic or critical illness; or a terminal illness.

Accelerated death benefit: included in the policy at no additional charge, which covers both qualifying terminal illness and chronic illness.

If you should experience any qualifying critical, chronic, or terminal illness — such as a heart attack, stroke, or cancer, to name a few — you would have the option to collect part of your death benefit to help pay for expenses associated with your illness.

You also have the option of adding the Chronic Illness Plus rider, which allows 100 % of the death benefit to be accessed if you qualify.

The policy includes an accelerated death benefit, which provides up to $ 500,000 or 75 % of the face amount in advance if the insured is diagnosed with a qualifying terminal illness.

Premiums paid for the Critical Illness Benefit also qualifies for a deduction under Section 80D

The accelerated death benefit payment is payable in the event of a qualifying terminal illness.

That's because an IUL policy offers the potential to credit interest based in part on the upward movement of a stock market index.1 QoL Max Accumulator + also includes built - in accelerated benefit riders in the event of a qualifying chronic, critical or terminal illness, plus an optional rider for additional resources for qualifying chronic illness.

Critical illness insurance definition: a type of health insurance policy that pays out a lump sum cash benefit payment for a qualifying condition, such as cancer, paralysis, heart disease and stroke.