Sentences with phrase «illness rider pays»

For example, a critical illness rider pays a lump sum amount in case of diagnosis of specified major illnesses.

A critical illness rider pays you a lump sum if you suffer from a sudden critical illness such as a heart attack or cancer.

The Chronic Illness rider pays a one - time lump sum payment of up to 50 percent of the policy's face amount with no waiting period.

That's where term insurance critical illness rider pays off.

The critical illness rider pays you a lump sum, usually a specified amount, for specified critical events.

Critical - illness riders pay out to the policyholder to cover treatment for certain illnesses specified by the policy, which could include heart attack, cancer, stroke, kidney failure, coma, ALS, AIDS, and other critical conditions that will most likely limit your life expectancy.

Not exact matches

The benefit will not be paid for critical illnesses initially diagnosed before the rider effective date or during the waiting period.

Examples include lifetime guaranteed income riders, critical illness riders, riders that pay for care in event of two of six activities of daily living, and guaranteed rollup death benefits.

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

The accelerated death benefit rider pays out a significant portion of the death benefit in the event the insured is diagnosed with a terminal illness (12 - 24 months to live).

Premium Waiver rider (UIN: 130B005V03): 100 % of all future premiums under the base policy are waived and paid by the company on the death & total permanent disability or critical illness of Proposer, depending on the chosen option.

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.

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 Legalese A life insurance policy with a critical illness rider will pay out a lump - sum benefit to the insured if they are diagnosed with a covered critical condition (such as cancer, stroke, or a coma).

Luckily, she paid for a critical illness rider on her life insurance policy, which gave her enough money to cover her hospital bills and buy a new bike.

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.

With an accelerated benefit rider, though, you can have some or all of the death benefit paid out beforehand in the case of terminal illness.

Riders can be purchased to accelerate your death benefit and pay you out for medical expenses if you have a terminal illness but haven't passed away yet.

On the basis of riders for DHFL Pramerica U Protect and Sahara Pay Back like accidental death benefit, critical illness, etc, these plans can be compared.

On the basis of riders for SL ProGrowth Super II and Pay Five like accidental death benefit, critical illness, etc, these plans can be compared.

On the basis of riders for Guaranteed Income Advantage and Pay Five like accidental death benefit, critical illness, etc, these plans can be compared.

Joe decides to exercise his chronic illness rider to help pay for his care assistance.

Policyholders can go for a critical illness rider where the sum insured is paid to the policyholder in case of a critical ailment.

I just want to reiterate that the biggest difference between a chronic illness / accelerated death benefit rider and long term care insurance is that no new monies are created or paid out with the accelerated death benefit.

The other component of the rider is that it pays out up to 75 % of the death benefit, while the insured is living, if he or she is diagnosed with a terminal illness.

Riders can be purchased to accelerate your death benefit and pay you out for medical expenses if you have a terminal illness but haven't passed away yet.

Waiver of Premium is an additional provision (sometimes also called a rider) in most Life Insurance policies which allows to stop paying premiums after the insured person has been disabled for a given period of time (usually six months) due to an illness or an injury.

This rider gives you the option to get paid a portion of your policy's death benefit while you are still alive if you are diagnosed with a terminal illness.

Note: Both of these policies offer a valuable rider called «critical illness benefit» — if you opt for this rider, the company will pay a lump sum if you are diagnosed with a specific critical illness.

Luckily, she paid for a critical illness rider on her life insurance policy, which gave her enough money to cover her hospital bills and buy a new bike.

The riders available include Aegon Life AD Rider which provides the payment of additional Sum Assured in case of accidental death, WOP Rider on CI where future premiums are waived if the insured is diagnosed with a Critical Illness while the coverage continues, iCI Rider covering four Critical Illnesses where the Sum Assured is paid in case the insured is diagnosed with any Critical Illness covered by the rider, Women CI Rider which covers women specific Critical Illnesses and provides part payment of the Sum Assured if the insured is diagnosed with any one of the covered iIllness while the coverage continues, iCI Rider covering four Critical Illnesses where the Sum Assured is paid in case the insured is diagnosed with any Critical Illness covered by the rider, Women CI Rider which covers women specific Critical Illnesses and provides part payment of the Sum Assured if the insured is diagnosed with any one of the covered iIllness covered by the rider, Women CI Rider which covers women specific Critical Illnesses and provides part payment of the Sum Assured if the insured is diagnosed with any one of the covered illnessillness.

The riders available include Aegon Life CI Rider covering specific Critical Illnesses where the Sum Assured is paid in case the insured is diagnosed with any Critical Illness covered by the rider, Women Care Rider which covers women specific Critical Illnesses and provides part payment of the Sum Assured if the insured is diagnosed with any one of the covered illness and TPD Rider where the Sum Assured is paid if the insured is diagnosed with Total and Permanent DisIllness covered by the rider, Women Care Rider which covers women specific Critical Illnesses and provides part payment of the Sum Assured if the insured is diagnosed with any one of the covered illness and TPD Rider where the Sum Assured is paid if the insured is diagnosed with Total and Permanent Disillness and TPD Rider where the Sum Assured is paid if the insured is diagnosed with Total and Permanent Disability

Additional protection is available in the under the Critical Illness Benefit rider, that may be added to the policy by paying extra premiums.

With an accelerated benefit rider, though, you can have some or all of the death benefit paid out beforehand in the case of terminal illness.

With this rider, should the insured be diagnosed with a qualifying terminal illness, then he or she can assess funds from the death benefit while they are alive, to pay medical bills or any other item that they see fit.

It is important to note that some disability income riders will pay out only if the policy holder becomes disabled as a result of an accident, while others will pay for an insured's disability due to either an accident or an illness.

Critical illness cover riders are especially beneficial since they offer lump sum pay outs in case a claim is made based on its condition.

They also offer a couple valuable riders, such as the waiver of premium rider and accidental death benefit rider, as well as the accelerated death benefit rider, which pays up to 50 % of the death benefit while you are still living if a physician diagnoses you with a terminal illness.

Premier Living benefits rider: accelerated death benefit rider that pays a portion of your death benefit to you if your are diagnosed with a qualifying terminal illness.

The insurance comes with an accelerated death benefit rider which pays out early if the insured is diagnosed with a terminal illness and given less than 12 months or if the insured is confined to a nursing home for more than 90 days and is expected to remain confined for the duration of the insured's life.

Generally, if your policy has been in place for at least two years, a chronic illness rider will pay you a lomp sum or monthly benefit up to a certain percentage of your death benefit.

Accelerated Benefits Rider — This excellent rider pays out a portion of the policy face amount if the insured is diagnosed with a terminal illness that only gives them six months or less to life.

Accelerated Benefit rider is available on Ultra Protector I and II allowing up to 50 % of face amount to be paid to the insured if he or she is diagnosed with a terminal illness.

An alternative approach to help pay chronic illness expenses is to add a chronic illness rider to a life insurance policy for a nominal charge.

How a terminal illness riders works: upon being diagnosed with a terminal illness with a life expectancy of one or two years, depending on the carrier, the carrier will pay out to the policy owner up to 50 - 75 % of the face amount of the policy with a cap typically around $ 500,000.

The rider allows the individual to receive a portion of the policy's death benefit to pay for medical expenses if he is diagnosed with a terminal illness.

Definition of Waiver of Premium: With the Waiver of Premium rider, the idea is that your premiums will be waived (or paid on your behalf) if you were to come down with a serious illness or disability.

The benefit against Critical Illness rider is paid on the first diagnosis of any of the predefined 11 critical illnesses.

A critical illness rider allows the insured to collect a portion of the death benefit to pay for medical and other expenses if he is diagnosed with a terminal illness.