Sentences with phrase «addition to providing a death benefit if»

The living benefits of life insurance policies can be an important part of fulfilling this responsibility, in addition to providing a death benefit if the worst were to occur.

Not exact matches

In addition to providing death benefits, some policies also accrue a cash value that you can collect at any time if the need arises.

In addition to death benefits, many policies also offer savings components to provide an extra sum of liquidity if needed.

In addition to providing death benefits, some policies also accrue a cash value that you can collect at any time if the need arises.

In addition to higher premiums, insurance companies that issue guaranteed life policies protect themselves against risk in two additional ways: (1) by offering relatively low payouts, and (2) by typically not providing a death benefit during the first two years after issuing the policy (if the policyholder dies during this time, the company issues a refund of premiums instead).

A supplementary life insurance policy benefit that provides a death benefit in addition to the policy's basic death benefit if the life assured sustains any bodily injury resulting solely and directly from an accident caused by outward, violent and visible means and where such injury solely and directly and independently of all other causes results in the death of the life assured within 180 days of its occurrence.

If the insured was to die as a fare paying customer on an airplane, train, or bus; Mutual of Omaha will automatically provide an extra benefit that is equal to the face value of the policy up to $ 250,000 in addition to the policy's normal death benefit.

In addition, Mississippi workers» compensation insurance provides death benefits to a surviving spouse or dependents if an occupational injury leads to a workers» death.