Sentences with phrase «additional death benefit to the beneficiary»

An accident death benefit rider pays out an additional death benefit to the beneficiary (that's above the current benefit limit of the policy) if you should die as a result of an accident.

An accident death benefit rider pays out an additional death benefit to the beneficiary (that's above the current benefit limit of the policy) if you should die as a result of an accident.

An accident death benefit rider pays out an additional death benefit to the beneficiary which is above and beyond that of the normal policy face amount.

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

The original death benefit will still be paid out income tax free and the additional amount paid out to your beneficiary will be reported as interest income.

Another con of a 401k plan vs 7702 plan is the 401k has no death benefit and therefore there is no additional money going to your beneficiary when you die.

Should you die while the policy is in force, your beneficiaries will receive not only your the initial face value as a death benefit, but also it's common for dividends to buy additional insurance by way of what are called «paid up additions», so the death benefit could actually be higher than the face value at the purchase of the policy.

If death occurs by a covered accident, this benefit pays an additional lump - sum benefit to your beneficiaries.

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

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.

Some companies may want to add an additional layer of benefits to the employee, and might use the life insurance policy as a makeshift deferred benefit plan, dedicating a certain percentage of the death benefit to the employee's beneficiaries, rather than just the company.

With the accidental death benefit rider, should the insured die due to a qualifying accident, his or her named beneficiaries would receive an additional amount of death benefit.

If the insured dies due to an accident, as defined in this rider, beneficiaries will receive an additional death benefit.

In most cases, a life insurance policy that has a charitable giving rider will pay the death benefit amount to the policy's beneficiary (or beneficiaries), and then it will pay an additional percentage — usually 1 — 2 percent of the policy's face amount — to the charitable organization.

If the death benefit face value is $ 250,000 (for example), and the beneficiary elects to receive monthly payments instead of the lump sum amount, the additional interest received above the $ 250,000 face amount is taxable.

Spouse and Dependent Children Benefit — Will provide additional benefits to the beneficiary due to the accidental death of an insured spouse and children.

The way it works is that when a death benefit is paid out to the beneficiaries, Foresters will donate an additional 1 % of the face amount to a chosen registered charity so the certificate holder can support their favorite cause.

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.

The benefit of this rider is that it will pay out an additional benefit on top of the death benefits payable to your beneficiary.

That it's not all bad news when it comes to the graded death benefit policies because in most cases, if an insured dies from «natural» causes during the graded death benefit period, most guaranteed life insurance policies (or at least the ones we offer here at TermLife2Go) will have some «reimbursement program» whereby the insured's beneficiary will receive back some if not all of the premium payments that the insured paid plus some type of additional interest earns as well.

The original death benefit will still be paid out income tax free and the additional amount paid out to your beneficiary will be reported as interest income.

Accidental Death: When the policyholder opts for this additional rider, the insurer will pay accidental death benefit in addition to the Death Benefit to be given to the beneficDeath: When the policyholder opts for this additional rider, the insurer will pay accidental death benefit in addition to the Death Benefit to be given to the beneficdeath benefit in addition to the Death Benefit to be given to the benefbenefit in addition to the Death Benefit to be given to the beneficDeath Benefit to be given to the benefBenefit to be given to the beneficiary.

Another con of a 401k plan vs 7702 plan is the 401k has no death benefit and therefore there is no additional money going to your beneficiary when you die.

In case of demise of the policyholder during the term of the policy, then the death benefit which is equal to the summation of «Sum Assured on Death», Simple Reversionary Bonuses, and Final Additional bonus (if any) will be given to the beneficdeath benefit which is equal to the summation of «Sum Assured on Death», Simple Reversionary Bonuses, and Final Additional bonus (if any) will be given to the beneficDeath», Simple Reversionary Bonuses, and Final Additional bonus (if any) will be given to the beneficiary.

An additional death benefit is a death benefit paid to a beneficiary as a supplement to a normal death benefit.

If the insured dies because of natural causes, the insurer will not pay the full death benefit to the beneficiary but instead will pay the total of all premiums paid to the company plus an additional small percentage of that amount.

Accidental Death Benefit Rider: In the event that you die in an accident, the Accidental Death Benefit Rider of your life insurance policy will pay an additional amount — usually two times the amount of the benefit — to your beneficBenefit Rider: In the event that you die in an accident, the Accidental Death Benefit Rider of your life insurance policy will pay an additional amount — usually two times the amount of the benefit — to your beneficBenefit Rider of your life insurance policy will pay an additional amount — usually two times the amount of the benefit — to your beneficbenefit — to your beneficiaries.

In this case, the named beneficiary on the no medical exam policy may only be able to receive back the amount of premiums that were paid into the policy (possibly with a small amount of additional interest), or a certain percentage of the stated death benefit.

So if you had been paying $ 1000 a year for 5 years on your $ 250,000 policy and it was determined that you should have been paying $ 2000 a year, they would deduct that additional 5 years time $ 1000 and deliver a death benefit of $ 245,000 to your beneficiary.