Sentences with phrase «additional death benefit coverage»

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.

Not exact matches

The death benefit of a whole life insurance policy stays the same for the life of the policy, unless you purchase additional coverage, and often ranges from $ 50,000 to several million dollars (similar to level term).

Additional Insured Rider Provides death benefit coverage on the lives of up to three family members without having to purchase separate policies.

Additional Insured Provides death benefit coverage on the lives of up to three family members.

The additional term coverage rider provides a twenty - year term policy equal to the target death benefit.

However, the death benefit and cash value can continue to grow with participating policies since the dividend can be applied to purchase additional paid - up life insurance coverage.

The additional coverage in excess of the Contract Value is only available to use for a qualified long - term care benefit and will not become part of the contract value or the death benefit.

Additional Insured Rider Provides death benefit coverage on the lives of up to three family members without having to purchase separate policies.

The death benefit of a whole life insurance policy stays the same for the life of the policy, unless you purchase additional coverage, and often ranges from $ 50,000 to several million dollars (similar to level term).

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 some cases, the maximum death benefit for an additional insured can be as high as those of the primary insured, meaning your spouse would have the same amount of coverage as you.

While you can get coverage for this scenario through an additional insured rider, you may need a joint life insurance policy if the maximum death benefit for a rider isn't large enough.

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.

This rider can provide an additional amount of death benefit coverage to the policy beneficiary if the insured dies due to accidental injuries that occur while he or she is riding as a fare - paying passenger on a common carrier, such as an airplane, a bus, or a train.

Unlike basic term life policies without additional benefits, this product includes three types of living benefits through accelerated death benefit riders, and a premium waiver during unemployment.2 These riders offer additional flexibility and coverage for a number of unexpected events.

An Accidental Death Benefit rider provides additional coverage if you were to die in a covered accident.

Whole life policies (WL) can be a little more complex since the policies are designed to increase the death benefit using dividends to purchase additional coverage.

For key person business life insurance, the Salary Increase rider offers owners the ability to increase the death benefit by $ 30,000 increments, up to $ 1,000,000 of additional coverage, with no proof of insurability.

Some will also offer additional or optional coverage such as a waiver of pre-existing conditions, accidental death or the Cancel for Any Reason benefit.

You may purchase Additional PIP coverage, to raise the overall limit of No - Fault benefits available in case of an accident up to $ 100,000 or higher and, in the process, increase the potential maximum amounts of lost earnings payments, other necessary expenses or the death benefit, depending on the limit you select.

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.

A family income rider is a type of death benefit, and it specifies the term for the additional coverage.

Note that this is not necessarily the same as the actual death benefit payable Please refer to your policy's terms and conditions for additional information on the factors that may increase or decrease the actual death benefit payable, which may include loans taken or additional coverage purchased.

Supplemental coverage, such as accidental death insurance, provides an additional death benefit.

If you do choose to lower your death benefits to cut the cost of your premiums, it is advised that you reapply for additional coverage as soon as your financial situation improves.

If, on the other hand, you want the coverage to be permanent or if you want the policy to be not only a death benefit but also a business investment with additional options, you will want to consider a permanent life policy which could be either a universal or a whole life.

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.

If you need to return home early due to covered reasons, such as death of a close relative or your house being on fire, trip interruption benefit will provide the coverage for additional expenses you may incur to get home earlier.

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Another portion of the coverage is an accidental death benefit that will pay out an additional amount of death benefit in the event that the insured dies due to a covered accident.

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

For a $ 250,000 policy for a 40 year old male, an Accidental Death Benefit rider for an additional $ 250,000 of coverage in case of accident (for a total of $ 500,000) would cost between $ 150 - $ 250 depending on which life insurance company you choose.

For example Protective Life and American General allow a maximum additional accidental death benefit of $ 250,000, while ING and Transamerica allow $ 300,000 in additional coverage.

For example, if you have a $ 250,000 policy and you had the accidental death benefit rider that you paid an additional fee for it every single month, an additional premium, your coverage would be $ 500,000 total, if you died resulting in an accident.

Accidental death benefits, individual policies, are nice to have if you have been declined, if you need coverage right away for flying, if you are fling, or going overseas and you want to make sure you have something in place, or if you just want additional coverage for accidents.

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.

One type of policy that can be particularly useful in offering a death benefit while also providing for additional financial needs is variable coverage.

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.

And in the event of a sudden loss, the AD&D coverage provides additional benefits to beneficiaries if the insured suffers an accidental death, or additional payment to the insured if they suffer a qualified loss as a result of accidental injury.

You can even repay any policy loans you made or purchase additional coverage which will increase your death benefit.

The rider provides an effective way for the insured to increase the death benefit when life changes such as marriage, childbirth, and homeownership, require additional coverage to make certain surviving loved ones are financially protected.

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.

Guaranteed Insurability Rider DEFINITION: an optional rider attached to permanent life insurance policies that allows the owner to elect to purchase additional life insurance death benefit coverage periodically at certain attained ages, or alternatively, upon certain special occasions such as marriage and the birth of a child.

However, if you lowered your SGLI death benefit and want additional coverage, you can increase the size of your VGLI policy by $ 25,000 every 5 years (until the death benefit reaches $ 400,000 or you turn 60, whichever happens first).

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.

This option makes the most sense after premium payments are no longer due for a life insurance policy and there is no need to increase the death benefit through the purchase of additional paid up coverage.

The accidental death benefit rider is an optional policy provision that pays an additional amount over and above your policy coverage amount in the event the insured's death is caused by an accident.

Typically, the death benefit will increase anywhere between 2 % and 10 % per year, though additional coverage is directly proportionally to higher rates.