Sentences with phrase «up death benefit guarantee»

Not exact matches

Guaranteed universal life is arguably the most popular product for second to die because these policies are set up to offer an inexpensive permanent death benefit, which is a key part of the second to die policy appeal.

Single - premium whole life (SPWL) is a type of life insurance in which a single sum of money is paid into the policy in return for a death benefit that is guaranteed to remain paid - up for the remainder of your life.

It is true that many insurers offer guaranteed death benefits up to a certain age, as long as premiums are paid.

They guarantee your premiums are never going to go up, and they also promise you won't ever lose the death benefit coverage.

A Single Premium policy is the one in which the premium amount is paid in lump sum at the beginning of the policy as a return for the death benefit which is guaranteed to be paid up until the death of the policyholder.

As long as you keep up with the premium payments and you don't cancel the policy early, there will be a guaranteed death benefit on both term and whole life.

Whereas a term life policy offers a death benefit for a specific number of years (such as 10, 15 or 20 year term), guaranteed universal life offers death benefit coverage up to a certain age such as 90, 100 or even 121.

The total guaranteed death benefit is the total face amount guaranteed assuming no dividends were used to purchase paid - up additions, which could actually decrease the death benefit over time.

In this case the insured is buying a form of paid - up insurance, because the death benefit is guaranteed and there are no further premium obligations.

• Allows policyholder to lock in a guaranteed death benefit for specific time required for coverage • Provides a guaranteed tax free death benefit for beneficiaries • Provides a vehicle to pass along wealth to children or grandchildren • May be used to cover estate taxes, fees and outstanding medical bills • May be set up as a charitable trust • May be used for cash value accumulation • Ideal for a Buy / Sell Agreement • Provides a policy which is both flexible and affordable

No Lapse universal life up to age 120: A Universal Life Insurance product that provides a guaranteed premium and Death Benefit protection for life.

These products provide a guaranteed cash value, guaranteed level premiums and guaranteed death benefits, but with the added security of having the policy become fully paid up after a certain period of time.

Quality of Life Performer Plus: An affordable universal life insurance policy that can provide a guaranteed death benefit for 25 years or up to age 80 — whichever comes sooner — plus the opportunity for cash accumulation.

Affordable index universal life insurance coverage with built - in, no - cost living benefits, cash accumulation, and a guaranteed death benefit up to age 100.

With the Income Provider Option, you have the ability to select a guaranteed income stream of up to 30 years as your death benefit payout.

Banner's Step Up UL ® boasts a guaranteed minimum death benefit for as long as you make your payments, and your minimum payment will never change regardless of what happens in the future.

Term life insurance gives you the most coverage for your money, whereas whole life insurance builds up cash value and provides a guaranteed death benefit, no matter when you pass away.

As long as the premiums are paid, a guaranteed death benefit is paid after the death of the second insured person, even up to age 120.

We will not pay a Guaranteed Acceptance Benefit if your death is due to: • Use of drugs, impaired vehicle operation or commission of a criminal offence; or • Suicide within 2 years from the effective date or reinstatement date, in which case, we refund 100 % of the premiums paid up to that date without interest4.

If the insured dies during the tenure of the plan, the Guaranteed Death Benefit along with the accrued Paid - up Additions and any Terminal Bonus is paid to the nominee

Under the added paid - up options the policyholders are allowed to get their paid - up additions using their bonuses which would accumulate in their plan making this plan an additional guaranteed assured - sum which is paid as maturity or death benefits.

The Guaranteed Death Benefit is expressed as 105 % of all premiums paid, including any top - up premiums till the date of dDeath Benefit is expressed as 105 % of all premiums paid, including any top - up premiums till the date of deathdeath.

Based on the policy you get (and whether you've kept up with its premiums), if you die, your beneficiaries receive a death benefit in a guaranteed amount.

Single - premium variable life insurance allows you to buy insurance with a single premium (lump sum) payment in return for a guaranteed death benefit that will remain paid - up until you die.

The guaranteed Death Benefit is equal to 105 % of the Single Premium paid, which also includes top - up premiums (if any).

On death of the policyholder, Guaranteed Death Benefit + accrued Paid up Additions + Terminal Bonus, if any isdeath of the policyholder, Guaranteed Death Benefit + accrued Paid up Additions + Terminal Bonus, if any isDeath Benefit + accrued Paid up Additions + Terminal Bonus, if any is paid

When we looked up quotes from a popular guaranteed life insurance provider, we found that in order to get a death benefit that would cover the average funeral, you'd have to pay upwards of $ 200 every month.

Final expense life insurance provides more coverage than guaranteed issue; while guaranteed issue usually caps out at around a $ 10,000 death benefit, you can typically get up to $ 25,000 with final expense insurance.

With North American Life Insurance Company's Custom Guarantee universal life insurance policy, an insured has the ability to have guaranteed death benefit protection up to his or her age 120, with no premiums payable after age 100.

The money in your fixed annuity, which you invest as a lump sum, earns a guaranteed fixed rate of interest.2, 3 Fixed deferred annuities are not subject to the ups and downs of the stock market and you don't pay taxes on your earnings until you withdraw them.4 With a fixed deferred annuity, you will also receive protection for your beneficiaries through a guaranteed death benefit.2

Whole life insurance combines a level premium with guaranteed cash values which the policy owner may use to meet a variety of financial goals.3 Whole life insurance policies may also produce excess credits, which may be used to purchase additional paid - up life insurance, potentially increasing the available death benefit.

Cheaper than a whole life, a GUL can provide a death benefit up to age 121 with level premiums and a level death benefit, with guarantees attached to the policy so long as premiums are kept up to date.

The money in your annuity, which you invest as a lump sum, earns a guaranteed fixed rate of interest.2 Fixed deferred annuities are not subject to the ups and downs of the stock market and you don't pay taxes on your earnings until you withdraw them.3 With a fixed deferred annuity, you will also receive protection for your beneficiaries through a guaranteed death benefit.1

Special Surrender Value = % of Paid - Up Sum Assured on Death + % of Guaranteed Maturity Benefit + Paid - Up Guaranteed Additions + % of Vesting Bonus

The products include a lifetime death benefit guarantee of up to 121 years, a minimum death benefit of $ 50,000 and a full range of riders, including accelerated benefit rider and an additional insured rider.

Guarantee Builder IUL — The Guarantee Builder IUL offers a guaranteed death benefit up to age 120, along with access to a portion of the death benefit in the case of illness.

The Guaranteed option is very competitive to the likes of Gerber, UHL, and others, while the Children's Life is a popular choice allowing up to $ 50,000 in permanent death benefit.

Some of your whole life premiums go toward building up cash value, which gradually replaces insurance in guaranteeing the death benefit.

Applicants up to 70 can be approved, and both premiums and death benefit are guaranteed to be level for the life of the product.

There are two term - life insurance policy types available through Transamerica; Trendsetter Super Series (up to $ 1,000,000 in coverage with a guaranteed premium that is convertible to a whole life policy at the end of the term); and the Trendsetter LB (up to $ 1,000,000 with living benefits option to receive an accelerated death benefit with a qualifying illness while you are still alive).

The Custom Guarantee universal life product that is offered through North American Life Insurance Company provides a guaranteed death benefit up to the insured's age 120, with no premiums payable after age 100.

Value Term Life from Farmers comes with a guaranteed death benefit amount, and your premiums won't increase during the term you sign up for.

Finally, if you buy variable life, the death benefit payoff depends on your success in picking investment opportunities with the money (although the insurance company does cough up a guaranteed minimum death benefit at your death if you screw up too badly).

As a rider you can attach to a life insurance policy, the Guaranteed Insurability option allows you to increase the coverage amount on specific dates or to choose an entirely new policy based on your original life insurance health rate class.You will be limited on how much you can get, but typically the maximum amount will be twice your original death benefit, up to $ 125,000.

You pay one lump sum to get a paid up life insurance policy with a guaranteed death benefit.

Hello Liz, You are correct, as a California resident policy holder, in the very remote case of liquidation of Genworth, the California Health & Life Insurance Guarantee Association would pay as follows: Life insurance death benefit protection: 80 % of the policy death benefit up to a maximum of $ 300,000; However, as Chris mentioned in the article, our sincere expectation is that Genworth will not have to be liquidated nor become bankrupt, as we expect any number of other much better resolutions will occur.

Policy Advantages: The Coverage Continuation Benefit is a built - in policy feature that can guarantee the death benefit up to Benefit is a built - in policy feature that can guarantee the death benefit up to benefit up to age 95.

With a variable life insurance policy, the death benefit may go up or down — however; it will not go below the set guaranteed amount.

Guaranteed Death Benefit + Accrued Paid - up Additions (if any) + Terminal Bonus (if any) Here, the Guaranteed Death Benefit is computed as the highest of 11 times the Annualised Premium or 105 % of all premiums paid by the Policyholder as on the date of death of the Life Insured or Guaranteed Maturity Sum Assured chosen by the Policyholder at the time of taking the poDeath Benefit + Accrued Paid - up Additions (if any) + Terminal Bonus (if any) Here, the Guaranteed Death Benefit is computed as the highest of 11 times the Annualised Premium or 105 % of all premiums paid by the Policyholder as on the date of death of the Life Insured or Guaranteed Maturity Sum Assured chosen by the Policyholder at the time of taking the poDeath Benefit is computed as the highest of 11 times the Annualised Premium or 105 % of all premiums paid by the Policyholder as on the date of death of the Life Insured or Guaranteed Maturity Sum Assured chosen by the Policyholder at the time of taking the podeath of the Life Insured or Guaranteed Maturity Sum Assured chosen by the Policyholder at the time of taking the policy.

The policy can be even further customized by adding riders such as the estate protection rider — which increases the amount of the death benefit by up to 100 percent should both of the insured individuals pass away before the fourth anniversary of the policy — and / or the guaranteed policy split rider — which allows the policy to be split into two individual policies should the insured individuals divorce each other, or if the tax laws change.