Sentences with phrase «amount as the death benefit»

This HDFC life term plan provides a lump sum amount as the death benefit to the family in the event of death of the insured.

It guarantees your original contribution amounts as a death benefit.

No one can predict what may happen tomorrow and a life insurance plan will help you with a lump sum amount as the death benefit in case your loved one passes away.

It promises to pay a certain amount as death benefit but deprives you from deriving the advantages of stock market investment.

In the unfortunate event of his demise during the policy term, his nominee will receive a lump sum amount as death benefit.

This option includes triple benefits, as the plan provides the sum assured amount as the death benefit to the beneficiary in case of the insured's demise.

This gets us to an imperative point — that simply leaves behind a considerable amount as a death benefit is not enough, your family and dependents should also have knowledge about how to put that lump sum to best and effective use, failing which, they might face financial problems.

Either 10 times of the annualized premium or absolute amount assured to be paid on death or the sum assured on maturity whichever is higher is defined as the sum assured amount as a death benefit.

Scenario II: In the unfortunate event of his demise, his nominee receives a lump sum amount as Death Benefit.

Not exact matches

While Old Age Security and the Guaranteed Income Supplement were designed to provide a basic minimum amount to Canadian seniors, the new Canada and Quebec Pension Plans were contributory social insurance programs established to provide basic death, survivor and disability benefits as well as retirement coverage.

Unlike life insurance, annuity death benefits are taxed as ordinary income on any gains above the original investment amount.

This is known as a partial surrender, which reduces the cash surrender value of the policy and the death benefit amounts.

If you need a large amount of coverage, simplified issue life insurance isn't ideal for you because most life insurance companies cap the death benefit at $ 100,000 (some companies offer as high as $ 500,000.)

The taxable amount would be the the death benefit minus the value of whatever was paid to you, as well as any amount paid in premiums since they acquired the policy.

You should press the agent to design you a plan where you are putting in as much money as you can with the lowest amount of death benefit.

The amount of money you're able to receive as an accelerated death benefit will be capped as a percentage of the death benefit or dollar amount.

Make comparisons of premium costs for many different policy variations such as the death benefits amount, and optional riders.

Aside from the obvious value of receiving a large amount of cash as a lump sum, there are some risks with choosing an annuity to receive the death benefit.

Unlike life insurance, annuity death benefits are taxed as ordinary income on any gains above the original investment amount.

Lump sum: The entire death benefit will be paid out as a lump sum amount to secure your family's financial future.

In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have beeBenefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have beebenefit payout option chosen, subject to policy being in force and all due premiums have been paid.

Whole Life Insurance guarantees a minimum death benefit (also known as the face amount), no matter how long you live, as long as premiums are paid.

Another thing to consider is that a mortgage life insurance policy is often written as a decreasing term policy, so the death benefit decreases over time, (just as your mortgage payoff amount decreases as you pay your monthly mortgage payments), but the premium remains the same over the life of the policy.

Extended Death Benefit Guarantee — 50 % of your policy's face amount is guaranteed as long as your policy is in force

The taxable amount would be the the death benefit minus the value of whatever was paid to you, as well as any amount paid in premiums since they acquired the policy.

Because the death benefit amount of your cash value life insurance policy may change over time as its cash value grows, make sure to specify a percentage of the proceeds to go to your beneficiaries rather than selecting a dollar amount.

Benefits increase 5X in case of accidental death If you die as the result of an accident (as defined in your policy) before age 85, your beneficiary will be eligible to receive five times your coverage amount.

With a properly structured policy, the death benefit face amount will increase as your child ages, providing your child with the ability to create a future legacy for your children's children's children.

The amount of money you're able to receive as an accelerated death benefit will be capped as a percentage of the death benefit or dollar amount.

If you're inquiring as to what happens to the cash value balance, this does not get added to the death benefit amount.

As long as your premium payments are made as agreed, your insurance coverage lasts throughout your life, and the death benefit is a guaranteed amounAs long as your premium payments are made as agreed, your insurance coverage lasts throughout your life, and the death benefit is a guaranteed amounas your premium payments are made as agreed, your insurance coverage lasts throughout your life, and the death benefit is a guaranteed amounas agreed, your insurance coverage lasts throughout your life, and the death benefit is a guaranteed amount.

(o) If there is no person who would be entitled, upon application therefor, to an annuity under section 2 of the Railroad Retirement Act of 1974 [98], or to a lump - sum payment under section 6 (b) of such Act, with respect to the death of an employee (as defined in such Act), then, notwithstanding section 210 (a)(9)[99] of this Act, compensation (as defined in such Railroad Retirement Act, but excluding compensation attributable as having been paid during any month on account of military service creditable under section 3 of such Act if wages are deemed to have been paid to such employee during such month under subsection (a) or (e) of section 217 of this Act) of such employee shall constitute remuneration for employment for purposes of determining (A) entitlement to and the amount of any lump — sum death payment under this title on the basis of such employee's wages and self — employment income and (B) entitlement to and the amount of any monthly benefit under this title, for the month in which such employee died or for any month thereafter, on the basis of such wages and self — employment income.

As with withdrawals, loans can reduce the amount of your policy's death benefit.

When purchasing life insurance coverage, it is important to determine what type of policy — as well as how much in death benefit (face amount)-- will be right for you and your survivors.

In some cases, the maximum death benefit for an additional insured can be as high as those of the primary insured, meaning your spouse would have the same amount of coverage as you.

However, VL is also the riskiest, as both the death benefit amount and cash value rise and fall depending on the performance of those investments.

A Single Premium policy is the one in which the premium amount is paid in lump sum at the beginning of the policy as a return for the death benefit which is guaranteed to be paid up until the death of the policyholder.

If you need a large amount of coverage, simplified issue life insurance isn't ideal for you because most life insurance companies cap the death benefit at $ 100,000 (some companies offer as high as $ 500,000.)

With mortgage life insurance, the death benefit or coverage amount declines as your mortgage balance decreases, but the premium you pay remains the same.

Back in the day, any form of flying was considered extremely hazardous and most life insurance companies would either force the applicant to pay an exorbitant amount or they would add an aviation exclusion clause to the policy, in other words, if you died as the result of a plane crash, your beneficiaries wouldn't receive the death benefit.

Lumpsum: The entire death benefit will be paid out as a lumpsum amount to secure your family's financial future.

When the death benefit payments received exceed the stated amount, income taxes accrue as these payments are received.

The death benefit can also be defined as the face value or face amount of a life insurance policy.

This is a more flexible option that allows you to change your premium payments and your payout amount (death benefit) as your life or needs change.

With it, the face amount (the death benefit) and the premium (the amount you pay for protection each year) are fixed at the time you buy your policy and stay the same even as you age.

The concept of selling your life insurance policy is known as a life settlement, this process involves selling your policy for an amount of cash that is less than your death benefit and more than the amount that is in your cash value account.

As with the graded death benefits option, once two years have elapsed, the beneficiary would be able to receive 100 percent of the amount of the stated death benefits proceeds.

Face Amount — Could also be referred to as the Death Benefit, Policy Value, Payout Amount, Face, or Proceeds.

Deferred annuities also provide a death benefit, so your chosen beneficiary of the annuity is guaranteed the principal amount as well as the compounded interest.

Seg funds are simply a special kind of mutual fund with three extra features thrown in (for a fee, of course): (1) A certain amount of creditor protection, as they are considered as insurance policies (2) Downside protection in the form of a promise to return 75 % to 100 % of capital in a certain number of years, usually ten and (3) a death benefit that allows the beneficiary to redeem the fund at the purchase price in the event of death within the 10 year period.