Sentences with phrase «as a death benefit»

Affordable Term life insurance is an excellent product for many people because they can obtain a high face amount otherwise known as a death benefit for minimal money.

If he dies during the term of the plan, Rs. 75 lakhs would be paid as death benefit.

You can adjust the amount and frequency of payments as well as the death benefit amount should your needs change.

Life insurance policies have a variety of tax benefits, such as the death benefit paid to beneficiaries being free of income tax.

Term life insurance plans ensure that the beneficiaries or the claimants are eligible to receive a lump sum amount as the death benefit in case of the death of the policy holder.

The policy promises entire sum assured as a death benefit along with accrued bonuses regardless of the amount of survival benefit already paid.

If the policy holder dies before the completion of the policy term, the sum assured is paid out to the nominee as the 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.

Drawing parallels with life insurance, ask those families who have lost their loved ones and received life insurance payouts as death benefits.

Year by year, the cash value goes up, as well as the death benefits for the beneficiaries.

The sum assured amount is immediately paid out to the beneficiary as death benefit in case of demise of the life assured.

A life insurance policy ensures a financial backup to the beneficiary of the policy as death benefit in exchange for the payment of premium.

Variable annuities are insurance products, so they provide many important features such as death benefit protection, lifetime income, and optional living benefits.

This amount is sometimes but not always the same as the death benefit amount.

The insured can choose from two options available as a death benefit in order to secure their loved ones.

Death in year three or later will result in the policy paying out the full face value also known as the death benefit of the policy.

Term Life insurance pays your beneficiaries a set amount of money as a death benefit in the event you die within a specific period of time.

A Death Claim is a request for payment by the beneficiary for the amount promised as death benefit upon the insured's death.

In the other, the highest of the top - up fund value or top - up sum assured and 105 % of total premiums paid are offered as the death benefit.

Most people think of life insurance as a death benefit.

The lump - sum that your family will get as a death benefit can bring financial stability and also aid in paying off liabilities.

After your long - term needs are deducted from all your available resources, the remaining amount is used as the death benefit for your insurance policy.

As long as the death benefit goes on as long as you were made to believe it should, count on it.

If the policy is held until it matures as a death benefit for a beneficiary, the cost basis adjustment is a moot point.

But the sum assured provided as a death benefit by an endowment plan is comparatively less.

The most common kind of permanent life insurance is whole life, which acts as a death benefit but also has an investment component.

Keep in mind If you choose to take out the cash value it becomes taxable income, but if its left as a death benefit it will not be taxed.

That is not exactly the same thing as a death benefit even though it is a payment made as a result of a death.

This is called as the death benefit & this is the primary goal why a person should buy an insurance policy in the first place.

Also known as a death benefit cover, term plans are meant for a specific period of time and can be purchased for a period of 5 years to 65 years.

These policies can be incredibly valuable as death benefits are guaranteed as long as certain conditions are met, and premiums are paid, as scheduled.

For two years after you purchase your policy, your beneficiaries will only receive your premiums and accrued interest as a death benefit.

If your cash value is distributed as a death benefit (as opposed to being withdrawn before your death), your beneficiaries will not have to pay taxes on it.

Additionally, there is an attractive cash value feature that grows over the life the policy and has the same tax advantages as death benefits.

Not from the direct investment perspective, just as a death benefit / estate option.

Companies usually have «life insurance rate bands» and there are discounts as the death benefits get higher.

Each option has merits and drawbacks, and may effect both the long term rate of return on a whole life insurance policy as well as the death benefit ultimately paid to beneficiaries.

Life insurance is referred as death benefit as it provides lump sum amount to the beneficiaries, upon insured's unfortunate death.

Your family will get 10 times the annual premium as death benefit regardless of any payouts received by you in the past.

There is a guaranteed sum assured which would be given as death benefit to your nominees.

This is the coverage amount you should select as the death benefit.

Under this option, the policy provides a lump - sum benefit as the death benefit to the beneficiary of the policy, in case of demise of the insured person.

If death happens in the first 1 year 11 months of the plan, 105 % of the premiums paid are returned as death benefit.

The rider will drop off down the road as your death benefit grows.

The policies are relatively inexpensive, but the premium remains constant even as the death benefit declines.

If the policyholder expires, a life insurance policy pays a lump sum benefit to the nominee known as death benefit.