Sentences with phrase «accelerated death benefit option»

Accelerated Death Benefit Option provides up to 50 % of the death benefit for a terminally ill service member with a life expectancy of 9 months or less.

Accelerated Death Benefit Option provides up to 50 % of the death benefit for the terminally ill with a life expectancy of 9 months or less.

# Accelerated Death Benefit option is a feature that is made available to group life insurance participants.

Many people who choose to use the accelerated death benefit option already know they have less than one year to live, and they then use the benefits to help pay for their treatments and other costs needed to extend their lifespan.

Accelerated Death Benefit Option Feature for Terminal Illness — The accelerated death benefit option can be added for no additional charge.

These options include a disability waiver (available on the CPA Plan, but not on the Spouse Life plan), as well as an Accidental Death and Dismemberment (AD&D) coverage, and an accelerated death benefit option feature for terminal illness.

Also be aware that any money left on your accelerated death benefit option after your death, will be given to your beneficiary.

Life settlements are an alternative to the policy surrender and accelerated death benefit options that may be available in your insurance contract.

The life insurance company and the policy itself determine who can and can not use the Accelerated Death Benefits option.

Not exact matches

Many life insurance policies come with the option of accelerating a portion of your death benefit if you become terminally or chronically ill.

This Act mandated that insurers provide written notice to policyowners, if an insured is 60 or older or is known by the insurer to be terminally or chronically ill, and if a policy owner requests to surrender the policy, request an accelerated death benefit under the policy, or when an insurer sends notice to the owner that the policy may lapse, that there are options to lapse or surrender available to them.

A terminal illness rider, also known as an accelerated death benefit rider, offers you the option of receiving a percentage of your policy's payout immediately in the case you're diagnosed with a terminal illness.

Besides the conversion option, you can also benefit from an accelerated death benefit rider, waiver of premium rider and child term rider.

The option to accelerate a death benefit can be incredibly valuable given the high cost of hospital stays, medication and other expenses associated with a life - impacting illness.

Many life insurance policies come with the option of accelerating a portion of your death benefit if you become terminally or chronically ill.

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.

A terminal illness rider, also known as an accelerated death benefit rider, offers you the option of receiving a percentage of your policy's payout immediately in the case you're diagnosed with a terminal illness.

AIG is our favorite company for guaranteed issue whole life insurance because they also offer the option of accelerating the death benefit if you become ill.

Symetra also has consistently low rates for guaranteed universal life insurance, with the option of accelerating the death benefit if you are diagnosed with a chronic or terminal illness.

This option is called an accelerated death benefit and is a common feature for life insurance policies.

This Act mandated that insurers provide written notice to policyowners, if an insured is 60 or older or is known by the insurer to be terminally or chronically ill, and if a policy owner requests to surrender the policy, request an accelerated death benefit under the policy, or when an insurer sends notice to the owner that the policy may lapse, that there are options to lapse or surrender available to them.

SGLI also offers the option of accelerating up to 50 % of your policy's death benefit (receiving it while still alive) if either you or your spouse becomes terminally ill.

The Trendsetter Super Series includes the option for an accelerated death benefit if you have over $ 50,000 in coverage, but you can add this feature as a rider for smaller policies.

Other policies have an option of an accelerated death benefit that can be drawn on to pay for long term care coverage.

SBLI offers a full suite of whole life insurance policy riders, such as Accelerated Death Benefit, Child Term Rider, Guaranteed Purchase Option and Waiver of Premium.

There is also the option of adding an accelerated death benefit rider to the policy.

Riders Available: Waiver of Premium, Total Disability Waiver, Accelerated Death Benefit, Paid - Up Option

The Chronic Illness rider gives you the option to accelerate a portion of your death benefit early if you are certified by a physician as being unable to perform at least two ADLs or activities of daily living (bathing, continence, dressing, eating, toileting, transferring) or if you require substantial supervision due to severe cognitive impairment.

The Terminal Illness rider gives you the option to accelerate a portion of your death benefit if you are diagnosed as terminally ill with a life expectancy of one year or less.

An accelerated death benefit is also an option.

The accelerated death benefit rider is another option that comes standard with most term policies.

An accelerated death benefit rider of up to $ 250,000 is included at no extra charge and policyholders are given the option to select a specific death benefit protection period for added flexibility.

Just like the accelerated death benefit, this option will also utilize your death benefit if you require long - term care which is a small downfall since a stand - alone plan wouldn't influence your policy at all.

The Critical Illness rider gives you the option to accelerate a portion of your death benefit if you are diagnosed with a heart attack, stroke, cancer, renal failure, major organ transplant or ALS.

A few carriers that offer Accelerated Death Benefits, Living Needs Benefits or Long Term Care benefits provide another option, which allows the owner to surrender the policy at certain time for a refund of premiuBenefits, Living Needs Benefits or Long Term Care benefits provide another option, which allows the owner to surrender the policy at certain time for a refund of premiuBenefits or Long Term Care benefits provide another option, which allows the owner to surrender the policy at certain time for a refund of premiubenefits provide another option, which allows the owner to surrender the policy at certain time for a refund of premiums paid.

For Coverage Option III (Death Benefit OR Accelerated Critical Illness plus Waiver of premium Benefit)

This means that the policy provides the option to obtain an accelerated death benefit in the event that the insured is diagnosed with a chronic, critical, or terminal 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.

Additional options include accelerated benefits, accelerated benefits with critical illness, accidental death benefit, children's term, disability waiver, guaranteed insurability, minimum death benefit and spouse term riders.

Symetra also has consistently low rates for guaranteed universal life insurance, with the option of accelerating the death benefit if you are diagnosed with a chronic or terminal illness.

A terminal illness rider, also known as an accelerated death benefit rider, offers you the option of receiving a percentage of your policy's payout immediately in the case you're diagnosed with a terminal illness.

Just as with the TermAccel policies, you have the options of choosing the Accelerated Death Benefit Rider, The Waiver of Premium Rider and the Childrens Rider.

And, there are also options for accessing cash value via loans and / or withdrawals, as well as through accelerating the death benefit if the insured contracts certain illnesses.

The living benefits provide you with the option to receive an accelerated death benefit in the event of a qualifying chronic, critical or terminal illness, while you are still alive.

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 term life insurance coverage that is provided via the Hartford's voluntary benefits can include a living benefit option / accelerated death benefit, as well as accidental death and dismemberment (AD&D), and a disability waiver of premium.

This is a life insurance benefit that gives you the option to accelerate some or all of the death benefit in the event that you meet the criteria for a qualifying event described in the rider.

This Act mandated that insurers provide written notice to policyowners, if an insured is 60 or older or is known by the insurer to be terminally or chronically ill, and if a policy owner requests to surrender the policy, request an accelerated death benefit under the policy, or when an insurer sends notice to the owner that the policy may lapse, that there are options to lapse or surrender available to them.

Accelerated Death Benefit — this is an option that usually comes free of cost.

(Included in the Policy) Guaranteed Refund Option • Accelerated Death Benefit for Terminal and Chronic Illness Rider • Waiver of Surrender Charges for Partial Withdrawals Rider