Sentences with phrase «additional payout benefits»

One may not even be aware of certain riders included in the policy that offer additional payout benefits for simple things like the policyholder's demise far away from home, or the insured passing away in a car accident despite wearing a seatbelt etc..

Not exact matches

If fired he will receive his salary for the rest of that year, and an additional payout $ 6 million — two times his salary and base bonus — plus benefits for 18 months.

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 paltry payout of the Child Tax Credit to low - income families occurs despite the benefit being partially refundable under a provision of the law called the Additional Child Tax Credit.

The tax benefit, which might be an annual saving of 10 per cent compared to the tax she might pay at 65 or even more if she were to delay payouts to age 70 when CPP would add 42 per cent to the age 65 payout, would be additional compensation.

Accident Insurance Coverage — Accident insurance coverage can provide additional benefit payout to an insured and their survivors if the individual dies of an accident.

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

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.

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.

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 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.

Typically, such critical illness insurance plans not only provide the lump sum payout on detection of the disease but also provide additional benefits such as provision of regular income a for a period of time, and waiving off the requirement to pay premium for the health insurance plan.

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.

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

No medical examination is required for this plan and you are also eligible to receive additional monthly payouts for 10 years on Critical Illness Benefit claim.

They also offer a Charity Benefit Provision which will pay an additional 1 % of the payout of the plan to a nonprofit organization which you can choose.

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.

It offers larger payouts by ways of guaranteed benefits along with additional bonuses at the end of maturity of the policy.

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 accident.

You can pick from 2 - income payout choices considering your life needs, serving you benefit on the additional benefit payouts under this plan.

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.

For higher Purchase Price, the additional benefit is payable in terms of higher Annuity payout.

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.

Pure Income Benefit Option: If the life insured survives during the benefit payout period (starts immediately after completion of the premium payment term till maturity of the policy), he / she will receive Annual Guaranteed Income, Special Additional Bonus, & Simple ReversionaryBenefit Option: If the life insured survives during the benefit payout period (starts immediately after completion of the premium payment term till maturity of the policy), he / she will receive Annual Guaranteed Income, Special Additional Bonus, & Simple Reversionarybenefit payout period (starts immediately after completion of the premium payment term till maturity of the policy), he / she will receive Annual Guaranteed Income, Special Additional Bonus, & Simple Reversionary Bonus.

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.

Other benefits include guaranteed coverage, family options, additional payments for covered accident - related claims and early payouts for terminal illness.