Sentences with phrase «access to the death benefit funds»

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.

Not exact matches

The long - term care rider allows you the ability to access funds from the policy's death benefit for qualifying long - term care services.

But what you gain is insurance that acts as an asset and that will grow in cash value and death benefit over time and allow you easy access to the funds for investments, paying off debt, or retirement planning.

Your NYL UL and NYL SUL policies have the potential to earn cash value, which can increase the death benefit your beneficiaries receive.2 Provided it's sufficient, your cash surrender value can be accessed through policy loans and partial surrenders1, 3 to buy a home, fund a child's education, or supplement retirement income.

This broke the chain of causation between Mrs Staveley's decision not to access the funds herself, and the transfer of death benefits to her sons in line with her letter of wishes.

When added to the Secure Lifetime GUL 3 life insurance policy, the policyholder may be able to access a portion of the policy's death benefit funds while he or she is still alive.

Your NYL UL and NYL SUL policies have the potential to earn cash value, which can increase the death benefit your beneficiaries receive.2 Provided it's sufficient, your cash surrender value can be accessed through policy loans and partial surrenders1, 3 to buy a home, fund a child's education, or supplement retirement income.

Some of these features include access to the funds if the owner is confined to a nursing home, 10 % to 20 % free withdrawals each year for any reason, increased value as a death benefit, and higher interest earning guarantees while taking a fixed income stream that includes the ability to stop at any time and continue the annuity.

If, after this policy has been purchased, the insured's health status changes, he or she may be able to access funds from the policy's death benefit via the Accelerated Death Benefit for Chronic Illness Rdeath benefit via the Accelerated Death Benefit for Chronic Illnessbenefit via the Accelerated Death Benefit for Chronic Illness RDeath Benefit for Chronic IllnessBenefit for Chronic Illness Rider.

Many of these plans will also offer the ability to access the death benefit funds while the insured is still living if he or she has been diagnosed with a terminal illness.

For example, combination life insurance / LTC products provide a death benefit along with the ability to access funds in the case of a long - term care need.

But what you gain is insurance that acts as an asset and that will grow in cash value and death benefit over time and allow you easy access to the funds for investments, paying off debt, or retirement planning.

• Being able to reduce your debt as you increase your savings • Building a college fund without sacrificing to do so • Easily creating an emergency fund • Recapturing the cost of business and professional expenses • Recapturing the cost of the interest you currently pay to financial institutions • Enjoying financial freedom as well as a secure retirement without worrying about market fluctuations • Having a guaranteed tax - free death benefit • Having access to tax - free withdrawals, loans and growth

Using the accumulated death benefit allows you access to the funds in advance, but remember the amount available is equal to the amount paid up until the present.