Sentences with phrase «add additional death benefit»

In any event, a term rider can be utilized to add additional death benefit during the time that the whole life policy death benefit is accruing and this term rider can drop off at a later date.

It enables you to add an additional death benefit to your policy without jumping through the normal hoops.

Not exact matches

Adding a paid up additions rider or paid - up additional insurance rider allows you to make additional monthly or annual payments into your policy to increase the death benefit and cash value.

Optional Riders: Additional benefits such as Children's Term Insurance, Grandchild Term Insurance, Accidental Death and Dismemberment, Waiver of Premium, and Accelerated Living Benefit may be added to some policies as riders.

Value Enhancement Rider: The VER is a whole life insurance rider that allows you to add additional single or periodic premium payments to your policy to purchase paid up additions, increasing your death benefit and cash value.

In addition, riders can be added to each policy that allow you to adjust the death benefit, either so that it increases over time, it decreases over time, or you're able to purchase additional coverage later without medical questions.

They have an additional accelerated death benefit rider that you can add.

Additional Paid Up Insurance (API) Rider: allows you to add additional premium payments to your policy to purchase «paid - up» life insurance, increasing your death benefit and cAdditional Paid Up Insurance (API) Rider: allows you to add additional premium payments to your policy to purchase «paid - up» life insurance, increasing your death benefit and cadditional premium payments to your policy to purchase «paid - up» life insurance, increasing your death benefit and cash value.

Keep in mind that taking money from your policy will immediately reduce the cash value and death benefit, and can lead to the need for additional premiums to be added into the policy in the future.

A greater life expectancy adds additional premium payments, and also reduces the NPV of the death benefit (because it's discounted over a larger number of years waiting for the payout to occur).

Some companies may want to add an additional layer of benefits to the employee, and might use the life insurance policy as a makeshift deferred benefit plan, dedicating a certain percentage of the death benefit to the employee's beneficiaries, rather than just the company.

Paid - Up Additions Amounts of life insurance purchased either by policy dividends or by additional premium, and added to the original life insurance policy to increase the death benefit and cash values.

Accidental death benefit rider: You can add additional coverage in the form of an accidental death policy.

Lincoln Heritage's accidental death and dismemberment coverage is one of their most promoted add - ons, and can added to your final expense policy to offer up to $ 100,000 in additional death benefits.

Optional Riders: Additional benefits such as Children's Term Insurance, Grandchild Term Insurance, Accidental Death and Dismemberment, Waiver of Premium, and Accelerated Living Benefit may be added to some policies as riders.

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.

Under the added paid - up options the policyholders are allowed to get their paid - up additions using their bonuses which would accumulate in their plan making this plan an additional guaranteed assured - sum which is paid as maturity or death benefits.

The Additional Death Benefit is calculated by adding up the discounted value of the money - back benefits payable in the last 4 years of the policy and the inbuilt Family Income Benefit

A policy add - on that will have the Insurance Carrier pay out an additional benefits — up to the full amount of the death benefit — if either the insured's death is the result of an accident or loses a limb or digit because of an accident.

Aegon Life ADD Rider is available which provides additional benefits in case of Accidental death, disability and dismemberment of the policyholder.

When the dividends are used to buy additional «paid - up insurance,» that can add an estimated $ 500,000 to cash value by age 90 (light - blue line) and boost the death benefit to $ 1.1 million (gold line).

Keep in mind that taking money from your policy will immediately reduce the cash value and death benefit, and can lead to the need for additional premiums to be added into the policy in the future.

Riders such as accidental death benefit, critical illness, hospital cash and surgical care can be added for additional premiums.

They have an additional accelerated death benefit rider that you can add.

1 The Accidental Death & Dismemberment is provided to all active members with this plan as a separate, added limited medical benefit at no additional cost to members through a blanket special risk group insurance policy.

Accidental death benefit, accidental disability / dismemberment and critical illness coverage can be added for additional premiums.

For example, adding $ 1,000 into your policy may buy $ 3,000, $ 5,000 or more additional paid up death benefit.

This plan can also be further «customized» by adding various riders such as the children's term rider the disability waiver of premium rider, the accidental death benefit rider, and / or a travel accident rider that provides an additional amount of coverage if the insured dies as the result of a travel related accident.

You can also add, for about 8 % more, an additional $ 100,000 of accident death benefit coverage to your base policy.

You can add additional coverage in the form of riders that can pay benefits for long - term care, the death of a child, accidental death, and disability premium waiver.

Accelerated Death Benefit Option Feature for Terminal Illness — The accelerated death benefit option can be added for no additional chDeath Benefit Option Feature for Terminal Illness — The accelerated death benefit option can be added for no additional Benefit Option Feature for Terminal Illness — The accelerated death benefit option can be added for no additional chdeath benefit option can be added for no additional benefit option can be added for no additional charge.

As stated earlier, the enhanced death benefit or other living benefits are added to a policy for an additional fee.

In addition, riders can be added to each policy that allow you to adjust the death benefit, either so that it increases over time, it decreases over time, or you're able to purchase additional coverage later without medical questions.

Accidental death benefit rider is an add - on that will pay your nominee the additional sum assured in case you suffer an accidental death.

A provision added to a life insurance policy for payment of an additional benefit, above and beyond the death benefit, when death occurs by accidental means, as defined in the policy.

Term Rider — adding a term rider to your policy allows for additional death benefit protection but with a lower cost than trying to get the same death benefit entirely with whole life insurance.

Of course an increasing coverage policy will cost more than a decreasing coverage policy which starts at the same death benefit level, but an increasing coverage policy may be less expensive than adding additional insurance coverage later in life.

Although many term policies include the accelerated death benefit whether you ask for it or not, the companies that don't will typically allow you to add it at no additional cost.

This plan features an accident clause that allows you to add additional coverage for accidental death that will pay ON TOP OF the death benefit amount.

The policy may be further customized by adding additional riders such as the accidental death benefits rider, the living needs benefits rider, the benefits access Rider, and others.

Additional Paid Up Insurance (API) Rider: allows you to add additional premium payments to your policy to purchase «paid - up» life insurance, increasing your death benefit and cAdditional Paid Up Insurance (API) Rider: allows you to add additional premium payments to your policy to purchase «paid - up» life insurance, increasing your death benefit and cadditional premium payments to your policy to purchase «paid - up» life insurance, increasing your death benefit and cash value.

It has option to add additional accident rider to the base policy which offers accidental death or disability benefit.

Please note: You can also add a term life insurance rider to your IBC policy in the early years to get additional death benefit protection for your family.

If all the regular premiums for decided term are paid with no balance premium, the Death benefit is calculated by adding following amounts: Death Benefit = Sum Assured on death + Vested simple Reversionary Bonus + Final Additional BDeath benefit is calculated by adding following amounts: Death Benefit = Sum Assured on death + Vested simple Reversionary Bonus + Final Additionalbenefit is calculated by adding following amounts: Death Benefit = Sum Assured on death + Vested simple Reversionary Bonus + Final Additional BDeath Benefit = Sum Assured on death + Vested simple Reversionary Bonus + Final AdditionalBenefit = Sum Assured on death + Vested simple Reversionary Bonus + Final Additional Bdeath + Vested simple Reversionary Bonus + Final Additional Bonus.

Paid Up Additions: allows you to add additional premium payments to your policy to purchase «paid - up» life insurance, increasing your death benefit and cash value.

Value Enhancement Rider: The VER is a whole life insurance rider that allows you to add additional single or periodic premium payments to your policy to purchase paid up additions, increasing your death benefit and cash value.

Accidental death benefit can be added to the plan which pays an additional Sum Assured in case of accidental death

Step 3 — if required, the policyholder can add the additional Accidental Death Benefit Rider to the plan.

And these add — on plans will push up the price of the premium being paid but provide additional benefits in case of accidental death, critical illness, total and permanent disability benefit etc..

Accidental Death Rider — a rider added to any life insurance policy that pays an additional death benefit if the insured dies of accidental caDeath Rider — a rider added to any life insurance policy that pays an additional death benefit if the insured dies of accidental cadeath benefit if the insured dies of accidental causes.