Sentences with phrase «additional death benefit payouts»

For example, a refund of premium (money back option) in the event that you outlive your term policy, and additional death benefit payouts for death due to certain kinds of accidents.

For example, a refund of premium (cash back option) if you outlive your term policy, and additional death benefit payouts for death caused by certain types of accidents.

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

Not exact matches

The basic features of variable annuities include tax - deferred growth, 1 choice of professionally managed investments, optional benefits (available at an additional charge), that can help protect your investment from market declines, 2 choice of payout options and a death benefit to help you provide for your beneficiaries.3

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).

LTCSO is not additional monetary benefit, but an early payout of a death benefit to the insured rather than to a designated beneficiary.

Other riders are available as well for spouses and children, events of disability or critical illness, and additional methods of death benefit payout.

This rider will payout an additional death benefit if you pass away specifically because of an accident.

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.

The death benefit includes Death Sum Assured, Additional Annual payouts as opted and other Scheduled Annual Paydeath benefit includes Death Sum Assured, Additional Annual payouts as opted and other Scheduled Annual PayDeath Sum Assured, Additional Annual payouts as opted and other Scheduled Annual Ppayouts as opted and other Scheduled Annual PayoutsPayouts.

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).

However, the policy does not provide any returns beyond the death benefit (the amount of insurance purchased); the policy has no additional cash value, unlike permanent life insurance policies, which have a savings component, increasing the value of the policy and its eventual payout.

There are other riders available as well for spouses and children, events of disability or critical illness, and additional methods of death benefit payout.

Accidental death benefit riders are also referred to as «double indemnity» when the additional amount of benefit payout is equal to the original death benefit amount, causing your carrier to pay out double your original death benefit.

If the person insured passes away, the nominee receives the Death Benefit, which is the Death Sum Assured plus Additional Annual Payouts and the scheduled annual pPayouts and the scheduled annual payoutspayouts.

Edelweiss Tokio Life - Accidental Death Benefit Rider provides for an additional payout in case death occurs due to an acciDeath Benefit Rider provides for an additional payout in case death occurs due to an accideath occurs due to an accident.

Upon the death of the life insured the company will to the nominee the Sum Assured on death along with Additional Sum Assured under Life Stage Plus Option, if any less Payout Accelerator Benefit already paid, if any.

If you die in a covered accident, Banner will pay your beneficiary an additional $ 250,000 death benefit, for a total payout of $ 500,000.

If you die in a covered accident, American General will pay your beneficiary an additional $ 250,000 death benefit, for a total payout of $ 500,000.

If you die in a covered accident, Transamerica will pay your beneficiary an additional $ 250,000 death benefit, for a total payout of $ 500,000.

If you die in a covered accident, Voya will pay your beneficiary an additional $ 250,000 death benefit, for a total payout of $ 500,000.

Total benefit paid = Rs. 2.05 crores (Rs. 1 crore paid immediately + Rs. 1.75 lakhs for 60 months) In case of an accidental death of Ramesh, Sheetal will get an additional payout of Rs. 50 Lakhs as lump sum.