Sentences with phrase «access to the death benefit proceeds»

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.

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.

Not exact matches

This strategy is appropriate if you want to maintain access to the policy's cash surrender value during your lifetime but want to leave the death benefit proceeds to charity.

If your policy has an accelerated death benefit rider, a portion of the proceeds can be accessed if you become terminally ill or confined to a nursing home.

A terminal illness benefit, which can allow clients access to 40 percent of their death benefit proceeds after being diagnosed with a terminal illness that gives them a life expectancy of six months or less

If the estate is the beneficiary, the access of the heirs to the death benefit proceeds is delayed because the money must go through probate.

In short, if an insured has been legally declared terminally ill, with a time frame of 12 - 24 months or less, they will be granted access to a portion of the death benefit proceeds while they are still alive.

If your policy has an accelerated death benefit rider, a portion of the proceeds can be accessed if you become terminally ill or confined to a nursing home.

This means that he or she could access the policy's death benefit proceeds, while still alive, for expenses that are related to a terminal illness diagnosis and confinement in a nursing home.

These riders allow you to access part of the proceeds of your policy's death benefit early to help pay for expenses that arise from long - term care needs or a chronic illness.

This rider provides the policy owner access to the greater of $ 250,000 or 10 % of the eligible death benefit proceeds prior to the insured's death.

These benefits will allow terminally ill individuals to access a portion of their life insurance death benefit proceeds prior to their death.

Accelerated Death Benefits: Also known as «Living Needs Benefits», provides access to a portion of the death benefit proceeds before death when the person is diagnosed with a terminal illDeath Benefits: Also known as «Living Needs Benefits», provides access to a portion of the death benefit proceeds before death when the person is diagnosed with a terminal illdeath benefit proceeds before death when the person is diagnosed with a terminal illdeath when the person is diagnosed with a terminal illness.