Sentences with phrase «allows access to your death benefit»

This suite features Accelerated Access Solution, which allows access to death benefits for diagnosed chronic illness, and Lifestyle Income Solution, which allows access to death benefits for any reason after age 85.

You can add an additional Long Term Care Rider to your policy that allows you access to the death benefit to help you cover costs associated with long term care.

Allows you access to your death benefit for critical illness or terminal illness.

Long - Term Care rider: Helps pay for long term care costs by allowing you access to the death benefit after an elimination period (normally 90 days or more).

Some policies even allow access to the death benefit for chronic illness, with long - term care riders also available.

Should you be diagnosed with a terminal illness, this will allow you access to your death benefits while you are still alive so you can pay your medical expenses.

As the cost of traditional long - term care insurance (LTCI) has dramatically increased, linked benefit and life insurance policies with riders that allow access to the death benefit while alive have gained a lot of attention as alternative strategies.

Not exact matches

Accelerated Access Rider Allows insured to accelerate a portion of their life insurance death benefit in the event they are diagnosed with a chronic or critical illness that meets certain eligibility requirements.

Accelerated Access Rider Allows insured to accelerate a portion of their life insurance death benefit in the event they are diagnosed with a chronic or critical illness that meets certain eligibility requirements.

Terminal Illness Rider — allows access to a portion of your death benefit if you have a life expectancy of 12 months or less due to illness.

Accelerated Death Benefit Rider: the ADB rider allows you to access a portion of the death benefit if you are diagnosed as terminally ill with less than 12 months to Death Benefit Rider: the ADB rider allows you to access a portion of the death benefit if you are diagnosed as terminally ill with less than 12 months tBenefit Rider: the ADB rider allows you to access a portion of the death benefit if you are diagnosed as terminally ill with less than 12 months to death benefit if you are diagnosed as terminally ill with less than 12 months tbenefit if you are diagnosed as terminally ill with less than 12 months to live.

The long - term care rider allows you the ability to access funds from the policy's death benefit for qualifying long - term care services.

Accelerated Death Benefit Riders — allows access to a percentage of your death benefit or if you have an eligible terminal illness or chronic illDeath Benefit Riders — allows access to a percentage of your death benefit or if you have an eligible terminal illness or chronic iBenefit Riders — allows access to a percentage of your death benefit or if you have an eligible terminal illness or chronic illdeath benefit or if you have an eligible terminal illness or chronic ibenefit or if you have an eligible terminal illness or chronic illness.

Allows the insured to access the death benefit payout while still living if he / she is diagnosed with terminal illness and needs to use the cash to cover the costs of care.

Both IUL and VUL policies provide lifetime coverage, pay a death benefit and allow access to cash value.

Usually having to do with terminal illness or catastrophic circumstances, this feature allows access to a portion of a life insurance policy's death benefit, or payout.

The Company's LTC rider allows access to the policy's death benefit to cover costs associated with long - term care services due to chronic illness or severe cognitive impairment, such as Alzheimer's Disease.

If you are diagnosed as terminally ill with 12 months to live, the rider will allow you to access your death benefit payout in advance.

But what you gain is insurance that acts as an asset and that will grow in cash value and death benefit over time and allow you easy access to the funds for investments, paying off debt, or retirement planning.

The ADB rider allows the owner to access a portion of the death benefit if the insured is diagnosed terminally ill.

An accelerated death benefit (ADB) payout allows the insured to access a portion of the death benefit in advanced if he or she is diagnosed withe a qualifying terminal illness or chronic illness.

But because it is life insurance, it also provides an accelerated death benefit that allows you to access your death benefit if you are diagnosed terminally ill, with some whole life insurance policies also covering chronic illness and long - term care.

Terminal Illness Accelerated Death Benefit Endorsement — allows access to 75 % of your death benefit or $ 500,000 maximum if you have a life expectancy of 12 months or less due to illness or inDeath Benefit Endorsement — allows access to 75 % of your death benefit or $ 500,000 maximum if you have a life expectancy of 12 months or less due to illness or Benefit Endorsement — allows access to 75 % of your death benefit or $ 500,000 maximum if you have a life expectancy of 12 months or less due to illness or indeath benefit or $ 500,000 maximum if you have a life expectancy of 12 months or less due to illness or benefit or $ 500,000 maximum if you have a life expectancy of 12 months or less due to illness or injury.

For example, some policies allow tax - free access to the amount of death benefit to pay for long - term care costs.

In the event you become terminally ill, this rider will allow you to access part or all of the death benefit cash and use it to pay for certain expenses like medical care.

Like an accelerated death benefit rider, this allows early access to the death benefit to pay for long - term care like a nursing home or private nurse.

Allows the policyholder to access the death benefit early in to pay for medical expenses in the case of terminal illness.

Accelerated Access Solution — if you suffer a qualifying illness, this rider allows you to access your death benefit without being Access Solution — if you suffer a qualifying illness, this rider allows you to access your death benefit without being access your death benefit without being taxed.

As such, this rider allows you to access 100 % of your death benefit while living.

Accelerated death benefit: the accelerated death benefit rider allows a portion of the death benefit to be accessed while you are still alive if you are diagnosed terminally ill or confined to a nursing facility.

This will allow you to access some of your death benefit while living if you are diagnosed with a terminal illness that will cause death within 12 months

You also have the option of adding the Chronic Illness Plus rider, which allows 100 % of the death benefit to be accessed if you qualify.

Many life insurance policies will allow business owners or employees to access your insurance benefits before your death if you become chronically ill or terminally ill.

A terminal illness benefit, which can allow clients access to 40 percent of their death benefit proceeds after being diagnosed with a terminal illness that gives them a life expectancy of six months or less

Some make you pay for the benefit, which allows for the owner to access a portion of the death benefit prior to death if the insured has chronic illness and / or is terminally ill (expected to die within 24 months).

In the event that you are diagnosed with a chronic or terminal illness after the two year graded benefit period, included riders in the policy allow for you to access portions of the death benefits early to help offset additional costs that arise due to your condition.

In the event you become terminally ill, this rider will allow you to access part or all of the death benefit cash and use it to pay for certain expenses like medical care.

Like an accelerated death benefit rider, this allows early access to the death benefit to pay for long - term care like a nursing home or private nurse.

Allows policyholders to access a portion of the total death benefit if the suffer a chronic illness and need the money to cover the costs of treatment.

Also, consider adding policy riders that will allow you to access the policy death benefit in the event of a terminal illness or even convert a portion of your term policy into a permanent policy (such as whole life or universal life).

Transamerica, an A + rated company founded in 1904, offers unique options, with a few of their term life products, such as Living Benefits for early access to death benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requiBenefits for early access to death benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requibenefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requirements.

Some plans allow policyholders in certain circumstances to access their own death benefits while they're still alive, though it can be tricky and costly.

Mutual of Omaha, an A + rated company founded in 1909, offers competitive underwriting for a range of health conditions, including high limits for accelerated death benefits, allowing those who have been diagnosed with terminal illness to access a portion of their policy's death benefit while still alive.

Chronic Illness Rider: In the case of the insured being diagnosed with a chronic illness or have less than 6 months to live, this rider allows the insured to have access to death benefits for the cost of living such as nursing home or medical bills.

Critical illness benefits allow you to access a portion of the death benefit should you suffer something catastrophic such as a heart attack, cancer or a stroke.

PruLife Return of Premium Term offers the Living Needs Benefit rider at no additional cost which will allow you to have access to your death benefits if you become terminally ill, become confined to a nursing home or require an organ transplant.

This rider is included without additional cost and allows the policy holder to access up to 75 % of the death benefit (up to a maximum of $ 250,000) without a penalty, as long as a doctor diagnoses you as being terminally ill with less than 24 months to live.

PruTerm WorkLife 65, offers the Living Needs Benefit rider at no additional cost which will allow you to have access to your death benefits if you become terminally ill, become confined to a nursing home or require an organ transplant.

Prudential takes it a step further and allows their policyholders to access their death benefit while they're still living if they have a chronic illness, and are confined to a nursing home, with the expectation that they will remain there.

Chronic illness benefits allow you to access your death benefit if you become unable to perform 2 out of the 6 activities of daily living (very much like long term care insurance).