Sentences with phrase «accelerated death benefit amount»

If you receive an Accelerated Death Benefit amount, we will deduct a processing fee of $ 75.

The accelerated death benefit amount is based on the lesser of $ 500,000 or 75 % of the policy's primary death benefit.

The minimum terminal illness accelerated death benefit amount is 10 % of the death benefit or $ 100,000, whichever is less on the election date.

For a chronic illness claim, the minimum accelerated death benefit amount per election, except the final election, is 5 % of the death benefit on the initial election date or $ 50,000, whichever is less.

Not exact matches

The amount of money you're able to receive as an accelerated death benefit will be capped as a percentage of the death benefit or dollar amount.

An accelerated death benefit allows a policyholder to receive an advance of the face amount if diagnosed with a terminal illness and given less than twelve months to live.

The payment of the accelerated death benefit reduces the stated face amount and stated cash value.

Use of the accelerated death benefit with permanent policies may increase countable assets if the amount advanced exceeds the cash surrender value.

The amount of money you're able to receive as an accelerated death benefit will be capped as a percentage of the death benefit or dollar amount.

Full death benefit amount can be accelerated in all states except Connecticut, where acceleration is limited to no more than 75 % of death benefit.

So, if you had a $ 500,000 death benefit and your insurer capped the amount you could accelerate at «the lesser of $ 250,000 or 75 % of the policy's face value», you could request up to $ 250,000 while still living.

With Trendsetter LB, any of these conditions will allow you to accelerate your death benefit, though the amount depends on the severity of your illness.

With this policy, you can only accelerate death benefits if you get a terminal illness and the amount is limited to $ 250,000 or 75 % of your death benefit (whichever is smaller).

An accelerated death benefit rider lets you use money normally allocated for a death benefit (the amount a life insurance policy pays out) before you die.

Accelerated Death Benefit for Terminal Illness or Nursing Home Confinement Rider is the face amount of your policy minus a 6 % charge.

All approved claims will receive a payment guaranteed to be 40 % of the death benefit amount accelerated (for example, 40 % of $ 50,000 = $ 20,000), less any amounts needed for debt repayments — regardless of the type of specified medical condition event, policy age, gender or severity of illness.

The death benefit is reduced by the amount accelerated plus accumulated interest.

The request for a benefit must specify the amount of the policy death benefit to be accelerated, subject to the terms in the rider.

The amount available for the accelerated death benefit varies by state and can be up to 75 % of the death benefit.

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.

Effect on policy: After payment of an accelerated death benefit, the policy face amount will be reduced proportionally to the amount you chose to accelerate.

Also, Accelerated Death Benefit Riders where you can collect up to 50 % of your policies face amount.

Accelerated Death Benefit Rider: This allows you to receive up to 75 % of your death benefit or $ 500,000, whichever is the lesser amount, should you incur a terminal illDeath Benefit Rider: This allows you to receive up to 75 % of your death benefit or $ 500,000, whichever is the lesser amount, should you incur a terminal iBenefit Rider: This allows you to receive up to 75 % of your death benefit or $ 500,000, whichever is the lesser amount, should you incur a terminal illdeath benefit or $ 500,000, whichever is the lesser amount, should you incur a terminal ibenefit or $ 500,000, whichever is the lesser amount, should you incur a terminal illness.

Critical Illness Payment: Any accelerated death benefit payment a policy owner receives will be less than the amount of the death benefit that is accelerated — because the benefit is paid prior to the insured's death.

With the accelerated death benefit, if you are diagnosed terminally ill then your life insurance policy will pay out 25 % up to 80 % of the face amount depending on the specific carrier and the face amount of your policy.

Full death benefit amount can be accelerated in all states except Connecticut, where acceleration is limited to no more than 75 % of death benefit.

Accelerated Death Benefit for Terminal Illness or Nursing Home Confinement Rider is the face amount of your policy minus a 6 % charge.

An accelerated death benefit rider lets you use money normally allocated for a death benefit (the amount a life insurance policy pays out) before you die.

So, if you had a $ 500,000 death benefit and your insurer capped the amount you could accelerate at «the lesser of $ 250,000 or 75 % of the policy's face value», you could request up to $ 250,000 while still living.

Oftentimes the accelerated death benefit is automatically included on certain types of life insurance policies for free or for just a small amount of additional premium payment.

In the opposite way, the availability of the accelerated death benefit rider might mean being able to avoid a viatical settlement, which would ultimately yield a lower total amount of benefit.

The product description will outline the details, but you can expect anywhere from 25 % to 100 % of your death benefit (coverage amount) to be accelerated to you.

Accelerated Death Benefits: In the event of your death this rider provides an additional amount in the case of an acciDeath Benefits: In the event of your death this rider provides an additional amount in the case of an accideath this rider provides an additional amount in the case of an accident.

Platinum boasts multiple new features at no additional cost, including a return of premium rider, guaranteeing the policy's cash surrender value will never be less than the premium payment; accelerated benefit riders for chronic illness, critical illness, and terminal illness; and a charitable giving rider, a unique feature that provides an additional death benefit of 1 percent of the policy face amount to the applicant's charity of choice.

Additional Benefits: In addition to a larger than industry average maximum amount, Assurity's product boasts several available riders, such as the Accelerated Death Benefit Rider, but also a Children's Insurance rider.

For the Accelerated Death Benefit for Chronic Illness Rider, the amount of death benefit that's accelerated, plus any accrued interest, will be secured by a lien against the base policy deaAccelerated Death Benefit for Chronic Illness Rider, the amount of death benefit that's accelerated, plus any accrued interest, will be secured by a lien against the base policy death benDeath Benefit for Chronic Illness Rider, the amount of death benefit that's accelerated, plus any accrued interest, will be secured by a lien against the base policy death bBenefit for Chronic Illness Rider, the amount of death benefit that's accelerated, plus any accrued interest, will be secured by a lien against the base policy death bendeath benefit that's accelerated, plus any accrued interest, will be secured by a lien against the base policy death bbenefit that's accelerated, plus any accrued interest, will be secured by a lien against the base policy deaaccelerated, plus any accrued interest, will be secured by a lien against the base policy death bendeath benefitbenefit.

6 The amount of death benefit that's accelerated, plus any accrued interest, will be secured by a lien against the base policy death benefit.

The primary differences between Transamerica's two term policies are their accelerated death benefits and the amount of coverage you may qualify for without a medical exam.

With this policy, you can only accelerate death benefits if you get a terminal illness and the amount is limited to $ 250,000 or 75 % of your death benefit (whichever is smaller).

Some policies also offer an extension - of - benefits - rider that usually doubles the amount of accelerated coverage at an additional cost, but without the purchase of additional death benefit.

Likewise, the company's index universal life insurance policy also offers a fair amount of flexibility in that it, too, offers a long - term care policy rider, as well as a rider for living / accelerated death benefits if the policy holder so chooses.

Accelerated Benefits — If the policy holder is diagnosed with a terminal illness and have a life expectancy of only one year or less, half of the death benefit amount can be accessed in order to pay medical bills or other pressing needs.

With Trendsetter LB, any of these conditions will allow you to accelerate your death benefit, though the amount depends on the severity of your illness.

Much like the accelerated death benefit rider, the critical illness will give you a proton of your coverage amount, except in the event of a critical illness.

In addition to the Terminal Illness Accelerated Death Benefit (TIADB) endorsement, the LB policy series plans also offer a Chronic Illness Accelerated Death Benefit (CHADB) whereby if the insured is chronically ill, a portion of the policy's face amount can be accessed for use in advance of dDeath Benefit (TIADB) endorsement, the LB policy series plans also offer a Chronic Illness Accelerated Death Benefit (CHADB) whereby if the insured is chronically ill, a portion of the policy's face amount can be accessed for use in advance of dDeath Benefit (CHADB) whereby if the insured is chronically ill, a portion of the policy's face amount can be accessed for use in advance of deathdeath.

Since the funds are not a loan to the policyholder, the amount paid out under the accelerated death benefit will be deducted from the death benefit payable to the beneficiary.

This feature is an accelerated death benefit endorsement (or an ADBE) which allows the insured to push for a portion of their death benefit amount when they suffer a debilitation which impairs their ability to accomplish their daily routines.

If the ACI benefit has already been paid, than the death benefit minus the amount of Accelerated Critical Illness benefit already paid will be paid out to the beneficiary of the policy.

The accelerated rider amount isn't over and above the death benefit, but a part of it.

Guaranteed issue amount for employees and accelerated death benefits are included.