Sentences with phrase «additional death benefit over»

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

Not exact matches

However, the death benefit payable shall never be lower than 105 % of all premiums paid (excluding any additional charges as levied by the Company over and above the standard premium rates).

Indexed Universal Life offers some additional benefits over Universal Life, including potential for higher returns and two death benefit options.

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.

If you are 60 years old or over (or a death benefit dependant and the deceased died at 60 years old or over) and your capped defined benefit income exceeds the defined benefit income cap, you may have additional tax liabilities:

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).

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.

Over time, life insurance policies have evolved from simply offering pure death benefit protection, to providing many additional savings and investment options.

Accidental Death Benefit rider offers an additional sum assured over the base plan offering in case death occurs due to an acciDeath Benefit rider offers an additional sum assured over the base plan offering in case death occurs due to an accideath occurs due to an accident.

As with signing over the death benefit, you will also receive additional tax related benefits for implementing this strategy as well.

This policy would, essentially never acquire additional cash value, and the cash value you brought into the policy would likely soon evaporate (over 5 - 10 years) or be used to «buy - down» the premium, but as long as you paid the premium, there would be a $ 75,000 death benefit available.

The loan is collateralized by the death benefit and is not required to be paid back, or it can be paid back over any time frame the owner desires to build additional wealth inside the policy.

Paid Up Additions (PUA) DEFINITION: paid up additional life insurance purchased with additional premiums or dividends, over and above required premiums, that will immediately contribute to your death benefit as well as the cash value of the policy, dollar for dollar, minus any applicable fee.

Double accident benefit usually refers to a benefit in case of accidental death, whereby the claimant gets an additional amount over and above the sum assured.

The policy holder is also able to access up to 75 % of the policy's death benefit if he or she is diagnosed with a terminal illness, and the policy may be converted over to a permanent life insurance policy without additional underwriting (in particular circumstances).

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.

Whole life insurance does give the policy owner the option of using dividend payments to purchase additional paid up insurance, so hypothetically a whole life policy can have an increasing death benefit over time if this dividend option is chosen.

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.

Dividends can either be used to buy additional paid up insurance, so the death benefit rises over the life of the contract, be used to build cash value faster in the policy, or can be taken as cash by the owner.

Riders can be attached to the base policy by payment of additional premium called Rider Premium over & above the premium paid to secure the death benefit.

Kotak Term Rider (KTB): This rider provides an additional death cover over and above the Death Benefit of the basedeath cover over and above the Death Benefit of the baseDeath Benefit of the base plan

Over time, the guaranteed cash value, and dividends (when payable) can be used for the trust's immediate use, or the dividends could purchase paid - up additional insurance to increase the total death benefit payable to the trust.

Having this policy means, if the life assured becomes a victim of an accidental death, the nominee will receive an additional benefit over and above the base policy coverage that is why it is said Extra Life option.

All the benefits of a whole life policy with the additional benefit of potentially growing your death benefit over your lifetime making it a great choice for building a legacy.

For example 1) Accidental Death Benefit Rider: This rider pays an additional amount over an above the basic sum assured amount in case of death of the life assured due to an acciDeath Benefit Rider: This rider pays an additional amount over an above the basic sum assured amount in case of death of the life assured due to an accideath of the life assured due to an accident.

This additional insurance substantially adds to your original death benefit amount over time, and it is normally associated with whole life insurance that pays dividends.

Several policy riders are available: The Enrichment Rider (option to add more coverage and cash value over time as you need it); Accident Death Benefit (additional payment for a death as the result of an accident); Child Term Rider (coverage added for your children); Enhanced Care (cash value available for prolonged illness with access to up to 90 percent of the policy value); Flex Term Rider (a term life policy can be added that adds to the coverage for a period of time); and the Disability Waiver (premium is waived for a disability of six months or mDeath Benefit (additional payment for a death as the result of an accident); Child Term Rider (coverage added for your children); Enhanced Care (cash value available for prolonged illness with access to up to 90 percent of the policy value); Flex Term Rider (a term life policy can be added that adds to the coverage for a period of time); and the Disability Waiver (premium is waived for a disability of six months or mdeath as the result of an accident); Child Term Rider (coverage added for your children); Enhanced Care (cash value available for prolonged illness with access to up to 90 percent of the policy value); Flex Term Rider (a term life policy can be added that adds to the coverage for a period of time); and the Disability Waiver (premium is waived for a disability of six months or more).

The nominee will receive an additional 100 % of sum assured in 120 monthly installments over a period of 10 years, which commences from the date of payment of the death benefit.

Accidental Death Benefit — An additional benefit over and above the life insurance death benDeath Benefit — An additional benefit over and above the life insurance death bBenefit — An additional benefit over and above the life insurance death bbenefit over and above the life insurance death bendeath benefitbenefit.

Enhanced Protection The additional protection provided by an Accidental Death Benefit Rider will be over and above the base cover.

However if you opt for accidental death benefit rider; your nominee gets additional sum assured over and above the basic sum assured.

Hello Ankur, Accidental Death Benefit rider is an additional payment made over and above the normal sum assured in case of death due to an acciDeath Benefit rider is an additional payment made over and above the normal sum assured in case of death due to an accideath due to an accident.

However, the death benefit payable shall never be lower than 105 % of all premiums paid (excluding any additional charges as levied by the Company over and above the standard premium rates).

If a policy has an accidental death rider, then the nominee will get additional money for this rider over and above the base policy benefit.

The difference is, if you opt for an Accidental Death Benefit Rider then if death happens due to an accident, the additional benefit of the rider will be paid over and above the normal sum assDeath Benefit Rider then if death happens due to an accident, the additional benefit of the rider will be paid over and above the normal sum aBenefit Rider then if death happens due to an accident, the additional benefit of the rider will be paid over and above the normal sum assdeath happens due to an accident, the additional benefit of the rider will be paid over and above the normal sum abenefit of the rider will be paid over and above the normal sum assured.

b) Extra Life Option (Accidental Death Benefit): A additional lump sum amount is paid in case of death, over and above Sum Assured in case of death due to acciDeath Benefit): A additional lump sum amount is paid in case of death, over and above Sum Assured in case of death due to accideath, over and above Sum Assured in case of death due to accideath due to accident.