Sentences with phrase «amount of death benefit in»

With a graded benefit whole life policy, the amount of the death benefit in the policy is not the same amount at all times.

The general rule is that the cash surrender value is NOT added to the amount of the death benefit in a whole life insurance policy.

These policies provide a set amount of death benefit in return for a regular premium payment.

Usually after explaining the difference, they understand and are willing to take a lower amount of death benefit in exchange for the coverage lasting a lifetime.

Term life insurance is considered to be the most basic form of coverage, providing a certain amount of death benefit in exchange for a premium payment.

Another portion of the coverage is an accidental death benefit that will pay out an additional amount of death benefit in the event that the insured dies due to a covered accident.

Term life insurance is considered to be the most basic form of coverage, providing a certain amount of death benefit in exchange for a premium payment.

Hence, it allows you to leave the maximum amount of your death benefit in place for your family along with covering your long - term care needs.

Not exact matches

Do ask yourself: If today I gave you a check in the amount of the death benefit of the life insurance policy you're considering, would you quit your job and work free for me until you die?

If you have already accumulated assets, you can subtract the amount of those assets from your total death benefit need, assuming they are somewhat liquid and wouldn't require a large amount of effort or loss in order to gain access to cash.

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.

A life insurance annuity works like an income in that the death benefit is divided up over a number of years into equivalent amounts that the beneficiary receives each year.

An annuity works like an income in that the death benefit is divided up over a number of years into equivalent amounts that the beneficiary receives each year.

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 been paiIn 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 paiin force and all due premiums have been paid.

Withdrawals may reduce death benefit and any optional guaranteed amounts in an amount more than the amount of the withdrawal.

Withdrawals may reduce death benefit and reduce any optional guaranteed amounts in an amount more than the amount of the withdrawal.

In the event of multiple Accidental deaths per account arising from any one Accident, the Company's liability for all such Losses will be subject to a maximum limit of insurance equal to two times the Benefit Amount for loss of life.

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.

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.

Changes in the Death Benefit Option may result in changes to the policy's Face Amount and may require evidence of insurability.

It gives you access to a portion (or full amount) of your policy's death benefit, if you are diagnosed with a terminal illness resulting in six months or less to live.

Death Benefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments receDeath Benefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments reBenefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments recedeath benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments rebenefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments recedeath, amounting to the difference between the initial premium paid and the cumulative income payments received.

Full death benefit amount can be accelerated in all states except Connecticut, where acceleration is limited to no more than 75 % of death benefit.

The Legalese «The Acceleration of Death Benefit Rider provides payment of all, or a portion of the death benefit, of the amount that would normally be paid to the beneficiaries upon the death of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.&rDeath Benefit Rider provides payment of all, or a portion of the death benefit, of the amount that would normally be paid to the beneficiaries upon the death of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.Benefit Rider provides payment of all, or a portion of the death benefit, of the amount that would normally be paid to the beneficiaries upon the death of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.&rdeath benefit, of the amount that would normally be paid to the beneficiaries upon the death of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.benefit, of the amount that would normally be paid to the beneficiaries upon the death of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.&rdeath of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.»

(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.

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.

On top of the death benefit amount, this option allows any amount left in the policy fund to accumulate cash value and the total to be paid tax - free to the beneficiary.

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.

The outstanding loan amount will reduce the death benefit dollar for dollar in the event of the death of the policyholder before the full repayment of the loan.

How much coverage you desire — in other words, the amount of the death benefit you select — will also impact the cost.

And typically, especially in the earlier years, the death benefit is several times the amount of accrued cash value.

If your intention is to build up cash savings to protect your loved ones in case something happens to you, the death benefit protection offered by cash value life insurance will typically provide them with a greater amount than the cash value of your account.

For DIAs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments received.

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.

The site allows you to anonymously compare offerings from several different insurers, and in several different permutations of coverage length and death benefit amount.»

This «living benefit» allows the insured to receive 75 percent of the policy's face amount in advance — up to a maximum dollar amount of $ 750,000 — in the event of a terminal illness diagnosis that will likely result in death within 24 months.

Benefit: For life insurance, it is the amount of money specified in a life insurance contract to be paid to the beneficiary upon the death of the insured.

For life insurance policies that pay death benefits in the form of a lifetime payout, the portion of the payout that is not subject to tax if the policy has no refund provision or stated time period guarantee which is determined by dividing the amount of the death benefit by the life expectancy of the beneficiary.

One thing that seniors might consider is a single premium option which is a lump sum payment into a policy in return for a certain amount of death benefit.

The death benefit of a life insurance policy is the amount paid out upon the death of the insured, while cash value refers to the amount of funds in a permanent life insurance policy's cash account.

Traditional life insurance focuses on the maximum amount of death benefit for a minimum amount of premium whereas a wealth building approach tries to minimize the death benefit and maximize the amount of cash that is put to work in the policy.

Lump sum, where the life insurance company pays the total amount of the benefit in one single payment at the death of the insured

Keep in mind that loans against the policy will accrue interest and decrease both death benefit and cash value by the amount of the outstanding loan and interest.

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.

In addition, since the amount of the death benefit will remain fixed throughout the term of the policy, the death benefit your family will receive will be higher.

This type of policy pays your beneficiary a fixed amount of death benefits if you die in an accident.

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.