Sentences with phrase «as a death benefit cover»

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.

Not exact matches

A smaller death benefit is typical if you are looking to cover all costs associated with your passing, such as a funeral and potential hospital expenses.

However, the policy only pays a death benefit if you die due to a covered accident, such as a plane crash or sudden fall.

Therefore it's typically intended as final expense insurance, offering a large enough death benefit to cover a funeral and other costs associated with your passing.

Survivorship Builder is a single policy covering two lives that pays the death benefit upon the second insured's death — an option that might prove beneficial to some, such as, providing an income tax free death benefit, liquidity for estate taxes and wealth transfer and supplemental income needs.

Typically the death benefit is smaller, as it is intended to cover the costs of a loved one passing away.

Therefore it's typically intended as final expense insurance, offering a large enough death benefit to cover a funeral and other costs associated with your passing.

The cash value will be included in the death benefit payment, so as your cash value grows the insurer's commitment to cover the death benefit shrinks.

Term life insurance death benefits only range from $ 10,000 to $ 100,000, meaning you may not be able to cover larger financial obligations, such as a mortgage.

When Life Happens Riders can help cover you for life's unexpected changes, such as waiving your premiums if you become disabled, or providing access to your death benefit early if you become terminally ill.

Term life insurance covers you for a fixed number of years, such as 1, 5, 10, 20, or 30 and pays a death benefit if you pass away during the covered time period.

However, the policy only pays a death benefit if you die due to a covered accident, such as a plane crash or sudden fall.

A smaller death benefit is typical if you are looking to cover all costs associated with your passing, such as a funeral and potential hospital expenses.

The death benefit to be received by the trust beneficiaries may be used to cover estate taxes OR PROVIDE FUNDS for business continuity succession planning AS A KEY PART OF family business succession planning.

The life insurance company pays out the death benefit after the first person dies, so the survivor has money to cover expense, such as burial costs, pay debts, pay bills, etc..

Survivorship Builder is a single policy covering two lives that pays the death benefit upon the second insured's death — an option that might prove beneficial to some, such as, providing an income tax free death benefit, liquidity for estate taxes and wealth transfer and supplemental income needs.

Each time you make a premium payment, a portion is put towards the cost of insurance (such as administrative fees and covering the death benefit) and the rest becomes part of the cash value.

This benefit is taken out of your death benefit and covers illnesses such as cancer, stroke, heart attack, coma, and others.

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.

Extra benefits are included at no additional cost, such as Terminal Illness Cover and Accidental Death Benefit.

The advantages of term life insurance are a lower initial premiums while you are young, leverage dollars into death benefit, specific tailored term lengths to cover measurable assets, such as a mortgage.

The death benefit can be used by the estate to cover lingering estate expenses, such as the medical expenses referred to in your example.

Accident benefits: No matter who caused the accident, accident benefits will typically cover the cost of medical treatment, income replacement, death and funeral expenses as well as other things.

The coverage you need, such as the term length and the death benefit amount, will depend on your individual financial needs and the costs that your family would need to cover if you were to die.

A premium is paid monthly to keep the policy active, covered in full or in part by the employer, and upon the death of the employee a lump sum of money, the death benefit, is paid out to a designated group or person known as the beneficiary.

As the name suggests, this type of coverage offers a death benefit if you die within the covered time period, which could range from one to 30 years.

When Life Happens Riders can help cover your client for life's unexpected changes, such as waiving their premiums if they become disabled, or provide access to their death benefit early if they become terminally ill.

Some life insurance companies provide Personal accident death benefits as riders but do not provide risk cover for disability (Permanent or temporary) arising out of an accident.

Some investment - like options, such as using life insurance as an investment vehicle, have costs that cover the insurance (the death benefit) but very little in terms of management.

This will cover up to $ 150,000 in medical and rehabilitation costs, as well as very basic amounts for wage loss, homemaker expenses, funeral costs and death benefits.

This rider offers an accidental death benefit that is equal to the policy's face amount — and pays out in addition to the whole life insurance benefit if the insured dies as the result of a covered accident.

• Allows policyholder to lock in a guaranteed death benefit for specific time required for coverage • Provides a guaranteed tax free death benefit for beneficiaries • Provides a vehicle to pass along wealth to children or grandchildren • May be used to cover estate taxes, fees and outstanding medical bills • May be set up as a charitable trust • May be used for cash value accumulation • Ideal for a Buy / Sell Agreement • Provides a policy which is both flexible and affordable

Compared to an traditional life insurance plans such as endowment plans, money - back plans, etc., a term life insurance plan provides far more cover at a far lower premium underlining the best benefit that life insurance products should ideally offer - protection in case of death!

As the name implies, accidental death benefit policies only covers death in cases where death results from injury or accident.

We would certainly be able to help out your grandfather with a guaranteed issue final expense policy, but they would all contain what is called a Graded Death benefit, which would mean that the policy would not cover any losses as a result of natural causes for the first 2 years that the policy is in effect.

• Accidental Death Benefit Rider — If you should die as a result of a covered accident, additional death benefits are payable equivalent to the face value of the policy (minimum amount must be $ 25,000) and will be payable to a maximum of $ 250Death Benefit Rider — If you should die as a result of a covered accident, additional death benefits are payable equivalent to the face value of the policy (minimum amount must be $ 25,000) and will be payable to a maximum of $ 250death benefits are payable equivalent to the face value of the policy (minimum amount must be $ 25,000) and will be payable to a maximum of $ 250,000.

Offers flexible death benefits and flexible premiums (as long as the cash values are enough to cover insurance costs)

Term life insurance death benefits only range from $ 10,000 to $ 100,000, meaning you may not be able to cover larger financial obligations, such as a mortgage.

Typically the death benefit is smaller, as it is intended to cover the costs of a loved one passing away.

An existing life insurance policy can be used to satisfy the lenders requirements as long as the amount of death benefit on the policy is enough to cover the loan amount required.

J. RETURN OF MORTAL REMAINS — In the event of the death of the Insured Person during the Period of Coverage as a result of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the authorized personal representative or the estate of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Person.

Your loved ones will want to give you the best funeral possible as a tribute to your life, however, even the most basic of funerals will cost in the region of $ 5,000 and, although Social Security pay a death benefit to the surviving spouse of $ 255, this is nowhere near enough to cover the complete cost of a decent funeral.

Death benefits can cover such things as income replacement, debts, and burial expenses.

Term insurance has garnered importance in recent times as it is a policy which provides a life cover for a definite period of time and benefits the nominee of the deceased policy holder in case of his / her death.

Accidental Death and Dismemberment Rider A life policy rider that pays a percentage of the death benefit if the insured is killed in a covered accident or loses sight or limbs as a result of an acciDeath and Dismemberment Rider A life policy rider that pays a percentage of the death benefit if the insured is killed in a covered accident or loses sight or limbs as a result of an accideath benefit if the insured is killed in a covered accident or loses sight or limbs as a result of an accident.

If you need to return home early due to covered reasons, such as death of a close relative or your house being on fire, trip interruption benefit will provide the coverage for additional expenses you may incur to get home earlier.

A life insurance death benefit can cover that debt as well as funeral expenses, mortgage payments and more.

MYTH 6: ULIPs do not have health and accident cover Reality: Since ULIPs offer insurance cover along with investment, just like any other insurance plan it too has rider options such as Accidental Death Benefit (ADB), Waiver of Premium (WOP), Family Income Benefit, Hospital Cash Benefit (HCB), etc..

A premium is paid monthly to keep the policy active, covered in full or in part by the employer, and upon the death of the employee a lump sum of money, the death benefit, is paid out to a designated group or person known as the beneficiary.

Accelerated death benefits cover end - of - life care such as hospice care, living in a nursing home or hiring a private caretaker.