Sentences with phrase «additional death benefit»

This rider cover provides additional death benefit based on the sum assured as chosen under the rider.

Provides for additional death benefit during the first four years of the policy to assist with specific tax planning situations.

It is a great option for someone young, who needs additional death benefit protection, but does not want to spend the extra amount on more permanent coverage.

The whole life insurance policy, with a guaranteed death benefit of $ 1,000,000 can receive additional death benefits from dividends.

Today's variable annuities come with additional death benefit guarantees and living benefit riders that make them one of the most complex consumer financial products I have ever seen.

It is a great option for someone young, who needs additional death benefit protection, but does not want to spend the extra amount on more permanent coverage.

In this case, the policyholder may elect to have the dividends purchase additional death benefits, which will increase the death benefit at the time of death.

Unfortunately, cash value does not act as additional death benefit.

Also, check your credit card — some credit cards provide additional lost baggage coverage, protection for car rental losses and even additional death benefits.

This rider provides additional death benefit over and above the benefit provided under the base policy in case of your death.

You can also elect to purchase additional death benefit.

Let us understand the plan with the example of Mr. Ramesh Life Assured - Mr. Ram aged 35 years Plan Purchased - HDFC Life ProGrowth Super II (Extra Life Option - which offers additional death benefit in case of accidental death Policy Term - 30 years Annual Premium - Rs 35,000 Sum Assured - Rs 5,00,000 Scenario A - Maturity Benefit: In case of his survival till maturity of the policy, the Total Fund Value as prevailing on the date of maturity is payable as a lump sum.

Option II comes with additional death benefit equal to Sum Assured or Rs 50 Lakhs (whichever is lower) in case of death due to accident.

Birth / Legal adoption of 1st Child — You can increase another 25 % of additional death benefit on the existing death benefit up to a maximum limit of Rs. 25, 00,000.

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.

Accidental Death Benefit Agreement — additional death benefit payout if death is due to an accident.

In two of its products, HDFC Life had issued policy endorsements assuring additional death benefits which is equivalent to higher of ten times annualised premium or the death benefit as defined in the policy document to the policies issued on or after April 1, 2012 under these products.

Birth / Legal adoption of 2nd Child — You can increase another 25 % of additional death benefit on the existing death benefit up to a maximum limit of Rs. 25, 00,000.

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.

While a 10 to 20 year term may save you premium over the long run (and offer additional death benefit beyond your mortgage), this type of policy works if your only real purpose for the benefit payout is to coverage the remaining principal on your home when you pass.

Term Life Insurance Benefit Rider: This rider option provides additional death benefit depending on the sum assured selected under the rider.

5 Year Term Rider The 5 Year Term Rider provides additional death benefit through term insurance with premiums that increase in five year increments.

In two of its products, HDFC Life had issued policy endorsements assuring additional death benefits which is equivalent to higher of ten times annualised premium or the...

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.

* Jackson's earnings protection benefit, EarningsMax, offers an optional additional death benefit.

Rarely chosen, but still an option, having additional death benefit designated to pay for your children's college expenses is allowed.

The Sum Assured on death will be higher of 10 or 7 times the annual premium paid or basic SA + additional death benefit

Check for Policy Attachments / Riders: Ensure that you check the policy document for any attachments that were taken, added later and are in force, e.g. additional death benefit in case of death due to an Accident.

You can also receive additional death benefits above and beyond the face value if you die in an auto accident or public conveyance.

As the cash value grows, portions go towards additional death benefit, which not only provide extra proceeds when the insured dies, but also keeps the cash growth tax advantaged as the policy grows.

When insureds desire additional death benefits in conjunction with other permanent forms of life insurance or packages of policies — Insurers often package level, increasing, or decreasing term riders with permanent forms of life insurance to create a combination of death benefits and living benefits that fit a person's particular needs and resources.

In addition, the child / insured also has the option to continue the policy as an adult, and they can even purchase additional death benefit coverage, regardless of their health condition at that time.

Accidental Death Benefit Agreement — additional death benefit payout if death is due to an accident.

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.

Some policies also offer an extension - of - benefits - rider that usually doubles the amount of accelerated coverage at an additional cost, but without the purchase of additional death benefit.

Reliance Term Life Insurance Benefit Rider: Provides additional death benefit depending on the sum assured selected under the rider.

Max Life Personal Accident Benefit Rider provides additional death benefit in case the death happens because of an accident.

The simple definition of a guaranteed insurability rider is a life insurance feature which allows the policyholder to add additional death benefits to their policy — without any underwriting.

He has a term insurance plan of Rs 25 lakh, with additional death benefits (ADB), taken in September 2009.

This rider provides additional death benefit for the initial 5 years of the policy and can be renewed every 5 years

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.

Increasing Premium Term Rider The Increasing Premium Term Rider provides additional death benefit through term insurance with increasing premiums.

In addition to the minimum death benefit of Rs. 1,000 per member, the employer can opt to offer additional death benefit.

If you die due to an accident, such as a car crash or sudden fall, the insurer will pay an additional death benefit.

If you die in a vehicular accident while wearing a seat belt, the insurer pays an additional death benefit.

If you die in a vehicular accident while wearing a seat belt, the insurer pays an additional death benefit.

If you die due to an accident, such as a car crash or sudden fall, the insurer will pay an additional death benefit.

MetLife also offers an accidental death rider which pays an additional death benefit on top of your policy if you pass away due to a qualified accident, such as a car crash.