Sentences with phrase «accelerated death benefit pays»

An accelerated death benefit pays out a percentage of your total death benefit.

An accelerated death benefit pays out a percentage of your total death benefit.

The death benefit is reduced by the amount of the accelerated death benefit paid.

Not exact matches

Terminal Illness Accelerated Death Benefit Rider Speeds up the time in which benefits are paid should you become terminally ill.

Another optional rider allows policyholders to accelerate their death benefit to help pay for long - term care expenses.

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

Terminal Illness Accelerated Death Benefit Rider Speeds up the time in which benefits are paid should you become terminally ill.

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).

Living Needs Benefit (Accelerated Death Benefit) Rider: at no additional cost, this living benefit pays out a portion of the death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months oBenefit (Accelerated Death Benefit) Rider: at no additional cost, this living benefit pays out a portion of the death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months or Death Benefit) Rider: at no additional cost, this living benefit pays out a portion of the death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months oBenefit) Rider: at no additional cost, this living benefit pays out a portion of the death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months obenefit pays out a portion of the death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months or death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months obenefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months or less.

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 long - term care rider will accelerate the death benefit to help pay for the costs of long - term care services for chronically ill insureds.

Accelerated Access Solution — You can access the death benefit to help pay for care due to a qualifying chronic condition after a 90 day elimination period.

The accelerated death benefit rider pays a portion of the death benefit to you (the insured) if you become terminally ill with a short life expectancy.

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.

An accelerated death benefit is also available, which pays 75 % of the death benefit, up to a maximum of $ 1,000,000 if you are diagnosed with a qualifying terminal illness.

2 Accelerated Death Benefit for Chronic Illness Rider pays 92 % of death benefit (less a $ 150 administration fee, $ 100 in Florida) if an insured becomes permanently chronically ill, meaning the insured is severely cognitively impaired, such as Alzheimer's, or is unable to perform two of six Activities of Daily Living, such as bathing, continence, or dresDeath Benefit for Chronic Illness Rider pays 92 % of death benefit (less a $ 150 administration fee, $ 100 in Florida) if an insured becomes permanently chronically ill, meaning the insured is severely cognitively impaired, such as Alzheimer's, or is unable to perform two of six Activities of Daily Living, such as bathing, continence, or drBenefit for Chronic Illness Rider pays 92 % of death benefit (less a $ 150 administration fee, $ 100 in Florida) if an insured becomes permanently chronically ill, meaning the insured is severely cognitively impaired, such as Alzheimer's, or is unable to perform two of six Activities of Daily Living, such as bathing, continence, or dresdeath benefit (less a $ 150 administration fee, $ 100 in Florida) if an insured becomes permanently chronically ill, meaning the insured is severely cognitively impaired, such as Alzheimer's, or is unable to perform two of six Activities of Daily Living, such as bathing, continence, or drbenefit (less a $ 150 administration fee, $ 100 in Florida) if an insured becomes permanently chronically ill, meaning the insured is severely cognitively impaired, such as Alzheimer's, or is unable to perform two of six Activities of Daily Living, such as bathing, continence, or dressing.

While most insurers only allow you to receive a portion of your death benefit early if diagnosed with a terminal illness, Northwestern Mutual lets you accelerate funds to pay for long term care.

The standard policy includes an Accelerated Death Benefit, which pays a portion of the settlement while the policyholder is still alive.

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.

Recipients of accelerated death benefits usually use the early payout to pay for illness - related bills, but they can also use it to get financial tasks in order before their death; they might, for instance, work out the details of paying off their house or other debts so that it's finished before they die and it isn't left to their significant other.

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.

Similarly to a long - term care rider, the accelerated death benefit rider (sometimes called an acceleration of death benefit rider) allows you to take money out of your death benefit in order to pay for medical expenses.

Mutual of Omaha makes up for it by including high benefits for the accelerated death benefit, which allows you to take money out of your policy to pay for charges related to a terminal illness.

LTCAccess Rider — A great supplement to long term care policy, the LTCAcess rider allows you to accelerate a portion of your death benefit so you can pay for expenses from long term care covered under the rider, including both home and facility care.

Like an accelerated death benefit rider, this allows early access to the death benefit to pay for long - term care like a nursing home or private nurse.

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.

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

Accelerated death benefits are paid as a lump sum.

Both the indexed universal life insurance and the term life insurance policies typically include an accelerated death benefit so that a large portion of the death benefit can be paid to the policyholder in the event of a terminal illness.

An accelerated death benefit usually pays some of a policy's death benefit before the insured dies.

Otherwise, you have to either pay a set fee or percentage of the total death benefit to purchase the an accelerated death benefit rider.

In the event that the Insured dies after a written request for an accelerated death benefit is submitted but before payment is made and we receive written notice at our home office of this death, the request for an accelerated death benefit will be considered void and no benefit will be paid under the rider.

Texas Residents: Death Benefits, Cash Values and Loan Values will be reduced if a «living benefit» (accelerated death benefit) is Death Benefits, Cash Values and Loan Values will be reduced if a «living benefit» (accelerated death benefit) is death benefit) is paid.

Accelerated death benefit rider — pays 92 % of the death benefit in a lump sum if life expectancy is less than 24 months.

Most policies that provide accelerated death benefit for chronic illness, pay out 2 % of the death benefit per month.

And as your pay down on your home loan accelerates since you are applying more of your payment to principal, your death benefit pay out also decreases at an accelerated rate to match.

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

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.

Accelerated death benefit rider: If you are diagnosed terminally ill then your life insurance policy will pay out up to $ 250,000 depending on the specific carrier.

Terminal illness insurance, also known as an accelerated death benefit, pays out similarly to life insurance, excep it is triggere before death rather than after death.

Once an accelerated death benefit has been paid, the election to request such accelerated death benefit can not be revoked.Consent of an assignee or irrevocable policy beneficiary may be required.

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.

Accelerated Benefit rider: accelerated death benefit rider that pays out from the death benefit while you are still alive if you are diagnosed terminally ill with 12 months or leAccelerated Benefit rider: accelerated death benefit rider that pays out from the death benefit while you are still alive if you are diagnosed terminally ill with 12 months or less tBenefit rider: accelerated death benefit rider that pays out from the death benefit while you are still alive if you are diagnosed terminally ill with 12 months or leaccelerated death benefit rider that pays out from the death benefit while you are still alive if you are diagnosed terminally ill with 12 months or less tbenefit rider that pays out from the death benefit while you are still alive if you are diagnosed terminally ill with 12 months or less tbenefit while you are still alive if you are diagnosed terminally ill with 12 months or less to live.

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.

You can also get bonus features like accelerated death benefit (pays 92 percent if your life expectancy is 12 months or less) and a disability waiver, which means you will not have to pay your coverage premiums for the duration of your disability.

Accelerated Death Benefit — If you are diagnosed as terminally ill, you can access a portion of your death benefit to help pay medical bills, hospice care or other treatments to keep you alive with digDeath Benefit — If you are diagnosed as terminally ill, you can access a portion of your death benefit to help pay medical bills, hospice care or other treatments to keep you alive with dBenefit — If you are diagnosed as terminally ill, you can access a portion of your death benefit to help pay medical bills, hospice care or other treatments to keep you alive with digdeath benefit to help pay medical bills, hospice care or other treatments to keep you alive with dbenefit to help pay medical bills, hospice care or other treatments to keep you alive with dignity.

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.

Accelerated benefit will be paid if the covered person has been continuously confined to a nursing home facility for 180 days and is expected to remain confined until his or her death.

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.

Like an accelerated death benefit rider, this allows early access to the death benefit to pay for long - term care like a nursing home or private nurse.