Sentences with phrase «accelerated death benefit claim»

Additionally, some companies will subtract a small service charge, so be sure to request a quote before formally submitting your accelerated death benefit claim.

Once your insurer accepts and pays your accelerated death benefits claim, you don't have to return the money if your health improves.

Not exact matches

They offer an Accelerated Death Benefit — When you meet the criteria and file your long term care insurance claim, you are pulling funds from your death benDeath Benefit — When you meet the criteria and file your long term care insurance claim, you are pulling funds from your death bBenefit — When you meet the criteria and file your long term care insurance claim, you are pulling funds from your death bendeath benefitbenefit.

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.

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.

These transactions or services include, but are not limited to, underwriting life insurance policies, obtaining reinsurance on life policies and processing claims for waiver of premium, accelerated death benefits, terminal illness benefits or death benefits.

If the accelerated death benefit is claimed and paid out, Medicaid may require the family to refund all or part of the benefits to the state.

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