Sentences with phrase «amount of death benefit above»

It is important to buy the right amount of death benefit above all else.

Not exact matches

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.

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.

Double accident benefit usually refers to a benefit in case of accidental death, whereby the claimant gets an additional amount over and above the sum assured.

The premium payment is annual for 30 years of the policy tenure In case of all the above 9 options, the death benefit amount will be paid in lump sum on diagnosis of terminal illness.

The accelerated rider amount isn't over and above the death benefit, but a part of it.

Policy holders above 18 years of age have option of availing LIC's Accidental Benefit Rider with this plan, which will provide additional amount equal to basic sum assured in case of death caused due to accident.

For example 1) Accidental Death Benefit Rider: This rider pays an additional amount over an above the basic sum assured amount in case of death of the life assured due to an acciDeath Benefit Rider: This rider pays an additional amount over an above the basic sum assured amount in case of death of the life assured due to an accideath of the life assured due to an accident.

This option would guarantee the beneficiary that the plan would receive an additional pre-determined amount of money that would be above and beyond the death benefit in the event that the annuitant dies before the annuity's maturity.

For example, on a death benefit of $ 100,000, if your beneficiary chooses to take the death benefit in the form of monthly installments of $ 1,000 over a 10 year period instead of a lump sum, the amount above the $ 100,000 life insurance proceeds will be taxed.

Dear Suppose Mr X has taken accidental death benefit rider in all three above mentioned policies then what will be total claim amount in case of accidental death of Mr X?

In some cases, the death benefit amount is included in your overall estate value and may be calculated as part of your estate tax as explained above.

For life insured with the entry age of 5 years and above, the death sum assured, irrespective of survival benefit already paid, is either equal to or higher than of 10 times of annualized premium, or 105 % of premiums paid till date of death, or minimum guaranteed sum assured on maturity or absolute amount assured to be paid on death.

In the event of demise of Mr. Raman during the 8th policy year, a lump sum amount of Rs 20 Lacs or above is payable as the death benefit to the nominee.

In the event of demise of Mr. Raman during the 15th policy year, a lump sum amount of Rs 10 Lacs or above plus guaranteed accrual additions is payable as the death benefit to the nominee.

Death benefit amount: Sum assured is higher of: 10 times of annualized premium for age at entry less than 45 years or 7 times annualised premium for age at entry 45 years and above or 105 % of total premium * paid till date of death or 1.25 times or 2 times of Sum AssDeath benefit amount: Sum assured is higher of: 10 times of annualized premium for age at entry less than 45 years or 7 times annualised premium for age at entry 45 years and above or 105 % of total premium * paid till date of death or 1.25 times or 2 times of Sum Assdeath or 1.25 times or 2 times of Sum Assured.

b) Extra Life Option (Accidental Death Benefit): A additional lump sum amount is paid in case of death, over and above Sum Assured in case of death due to acciDeath Benefit): A additional lump sum amount is paid in case of death, over and above Sum Assured in case of death due to accideath, over and above Sum Assured in case of death due to accideath due to accident.

To explain the comparison between above said two plans, tabular comparison of yearly premium & total paid premium, Maturity Amount and Year-wise & age-wise death benefits have been given below.