Sentences with phrase «accelerated death benefits feature»

The lone exception is when the policy has an accelerated death benefits feature, and the owner has a terminal illness.

Most life insurance products have an accelerated death benefit feature built in.

Not exact matches

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

You already you know you want term life insurance, but there are other policy features you may be considering, like an accelerated death benefit or a return of premium policy.

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.

This suite features Accelerated Access Solution, which allows access to death benefits for diagnosed chronic illness, and Lifestyle Income Solution, which allows access to death benefits for any reason after age 85.

There is a variety of features that come with Term Life Express, such as the accelerated death benefit, which allows you to use up to 92 % of your death benefit if you are terminally ill and not expected to live longer than 2 years.

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.

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 illDeath and Dismemberment (AD&D) coverage, and an accelerated death benefit option feature for terminal illdeath benefit option feature for terminal illness.

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This feature is sometimes called «accelerated death benefits» and is available on most permanent life insurance policies such as whole life insurance.

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.

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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.

Accelerated death benefit: Many policies include this feature but it would be prudent to ask your agent if you are not sure.

Product features differ between long - term care insurance and life insurance accelerated death benefit riders.

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.

Unlike a CI rider, this product provides Accelerated CI options (which means the policy will continue with the death benefit reduced to the extent of the critical illness sum assured paid) in two variants (7 illnesses and 35 illnesses), depending on the requirements of the customer, which is a cost effective feature and caters to a unique need.

This new product combines the best features of life insurance and long - term care into one design; it is typically sold as a universal life contract that requires a single premium and that funds an accelerated death benefit rider to pay out long - term care benefits if needed.

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

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

In response to a less than reputable business practice, life insurance companies now offer at no additional charge a feature called an accelerated death benefit.