Sentences with phrase «access to the death benefit»

Some policies even allow access to the death benefit for chronic illness, with long - term care riders also available.

Some policies even allow access to the death benefit for chronic illness, with long - term care riders also available.

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.

Similarly, this is why the employee is only paying the amount of applicable term insurance if they are only receiving access to the death benefit while the employer has access to cash values.

Some may even go as far to think that a company will resort to criminal activity in order to get access to the death benefit sooner rather than later.

However, keep in mind that if your estate is named the beneficiary, access to the death benefit proceeds is delayed because the money must go through probate.

They allow the insured to gain access to their death benefit prior to death.

They allow the insured to gain access to their death benefit prior to death.

Similarly, this is why the employee is only paying the amount of applicable term insurance if they are only receiving access to the death benefit while the employer has access to cash values.

The insured may also be able to have access to the death benefit funds if he or she qualifies, based on a terminal illness diagnosis.

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.

However, keep in mind that if your estate is named the beneficiary, access to the death benefit proceeds is delayed because the money must go through probate.

Acceleration of Death Benefit Rider: provides access to your death benefit if you are diagnosed with a qualifying terminal illness.

It's not «chronic illness» or long term care insurance, but provides early access to your death benefit if you're permanently confined to a convalescent home or terminally ill.

The Accelerated Access Solution lets a policyholder get access to the death benefit in the event of a chronic illness, and the Lifestyle Income Solution allows a policyholder to use the death benefit to supplement retirement income.

However, the Transamerica Trendsetter LB policy will cost $ 542 per year and offers full access to death benefits in her lifetime in addition to $ 100,000 in traditional coverage!

Some SPL policies give you tax - free access to the death benefit to pay for long - term care expenses.

Accelerated death benefit riders give the insured access to the death benefit (while living) for chronic care and other health emergencies.

However, the Transamerica Trendsetter LB policy would cost $ 542 / year and would offer, in addition to $ 100,000 in death benefits, full access to her death benefits during her lifetime.

Asset Protector ®: Available on Secure Lifetime GUL 3 policies, Asset Protector provides a package of living benefit riders, including access to death benefits.

Companies like Gerber and AARP have better access to death benefits, and are more competitively priced.

The IUL policy from Sagicor includes an accelerated benefit insurance rider at no additional cost which provides access to the death benefit for both qualifying terminal illness and chronic illnesses.

-- Access to death benefit for long - term medical costs.

Terminal Illness Rider — allows access to your death benefit if you have a qualifying terminal illness resulting in a life expectancy of 12 months or less.

Transamerica, an A + rated company founded in 1904, offers unique options, with a few of their term life products, such as Living Benefits for early access to death benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requirements.

As the cost of traditional long - term care insurance (LTCI) has dramatically increased, linked benefit and life insurance policies with riders that allow access to the death benefit while alive have gained a lot of attention as alternative strategies.

For example, with a first - to - die policy, the surviving policyholder gets access to the death benefit, but then the policy is complete and there is no death benefit when the partner dies (which may be many years down the road).

Some SPL insurance policies will give you tax - free access to the death benefit to pay for long - term care expenses.

Terminal Illness Rider — allows access to your death benefit if you have a qualifying terminal illness resulting in a life expectancy of 12 months or less.

When Life Happens Riders can help cover you for life's unexpected changes, such as waiving your premiums if you become disabled, or providing access to your death benefit early if you become terminally ill.

For example, you may want the breadwinner to have more coverage than a stay - at - home spouse, or you may want only one person to have riders that offer extra provisions, like early access to the death benefit.

Allows you access to your death benefit for critical illness or terminal illness.

Chronic and Terminal Care Rider: provides access to your death benefit if you are diagnosed with a qualifying chronic illness or terminal illness.

There are also living benefits associated with some policies where if you get diagnosed with cancer, heart attack or stroke — you have access to your death benefit to assist you in paying medical and living expenses.

The beneficiary would have access to the death benefit to help maintain the life you have helped to build.

When Life Happens Riders can help cover your client for life's unexpected changes, such as waiving their premiums if they become disabled, or provide access to their death benefit early if they become terminally ill.

Again, as long as the loan is paid off before the borrower dies, the assignment is removed and the lender has no access to the death benefit.

This rider will give you access to your death benefit early.

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.

By virtue of a special rider, policies known as hybrids can offer the insured early access to the death benefit to help pay for their long - term care if they become chronically ill.

You can add an additional Long Term Care Rider to your policy that allows you access to the death benefit to help you cover costs associated with long term care.

For example, you may want the breadwinner to have more coverage than a stay - at - home spouse, or you may want only one person to have riders that offer extra provisions, like early access to the death benefit.

Chronic Illness Rider: In the case of the insured being diagnosed with a chronic illness or have less than 6 months to live, this rider allows the insured to have access to death benefits for the cost of living such as nursing home or medical bills.

PruLife Return of Premium Term offers the Living Needs Benefit rider at no additional cost which will allow you to have access to your death benefits if you become terminally ill, become confined to a nursing home or require an organ transplant.

PruTerm WorkLife 65, offers the Living Needs Benefit rider at no additional cost which will allow you to have access to your death benefits if you become terminally ill, become confined to a nursing home or require an organ transplant.

A special benefit is access to death benefit should chronic illness or terminal illness occur.

In other words, you get some access to the death benefit amount if you meet certain requirements.

Allows you access to your death benefit for critical illness or terminal illness.