Sentences with phrase «as living benefits»

Many companies offer accelerated death benefits, also known as living benefits.

The cash value component serves only as a living benefit for policyholders.

For mortgage protection insurance, these forms of additional coverage are added on to policies and are known as living benefit riders.

Riders are additional options that help you increase your coverage and / or add additional benefits, such as living benefits.

These funds can be put to use in a variety of ways, allowing them to function as living benefits.

For further flexibility, you can actually access your cash value later in life as a living benefit.

Also, you may be able to borrow money from your policy if needed, as a living benefit of the account.

It can be used as a means to save money that may be used later by the insured as a living benefit.

Unlike term life insurance, whole life insurance is designed to provide a death benefit as well as living benefits.

Many companies offer accelerated death benefits, also known as living benefits.

If you have an accelerated death benefit, referred to as a living benefit rider, you can receive a portion of the death benefit while you are living.

These funds can be put to use in a variety of ways, allowing them to function as living benefits.

Accidental death and dismemberment coverage can also act as a living benefit, as the dismemberment coverage provides a payout if you receive certain injuries in an accident.

This rider — also known as a Living Benefits Rider — is included in your policy at no charge.

An accelerated death benefit rider, also known as the living benefit option, allows a policyholder to receive a cash advance against a -LSB-...]

It is important to keep in mind, though, that the amount of cash that is taken as living benefits will be counted against the death benefit that is eventually paid out to the beneficiary.

Here, Critical Illness benefits are meant to be used as a Living Benefit by the insured to recover the losses from the Illness and not a Death Benefit.

Accidental death and dismemberment coverage can also act as a living benefit, as the dismemberment coverage provides a payout if you receive certain injuries in an accident.

This rider — also known as a Living Benefits Rider — is included in your policy at no charge.

Transamerica, an A + rated company founded in 1904, offers unique options, with a few of their term life products, such as Living Benefits for early access to death benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requirements.

Many new plan designs have came out with additional benefits such as Living Benefits, Return of Premium, and Long Term Care which add a lot of value for a small increase in premium.

An accelerated death benefit rider, also known as the living benefit option, allows a policyholder to receive a cash advance against a policy's death benefit if he / she is diagnosed with an incapacitating health condition, the onset of a terminal illness, or the need for long - term or hospice care.

It is also referred to as a living benefit rider.

The modern Term life insurance plans can incorporate valuable benefits like Long Term Care and what is know as Living Benefits for chronic and critical illnesses for just a modest increase in premium.

Also known as living benefits.

As a living benefit, any cash value may be drawn upon by the policyholder during their life.

Some companies offer the option of accelerated benefits, also known as living benefits, whereby your beneficiaries receive the death benefit before you die.

many riders that act as living benefits to help you out financially if you are diagnosed terminally ill, chronically ill, or critically ill

The Trendsetter LB term life policy from Transamerica Life offers up to $ 1 million in death benefit protect, too, however, this policy also offers the ability to access funds from the death benefit — also known as living benefits — if the insured is diagnosed with a qualifying terminal or critical illness.

Later, Ohio State Life was the first to advance death benefit payments to sustain the life of the policy holder (which is referred to as living benefits).

Known as living benefits, this feature sometimes must be purchased as a rider but is increasing offered as a standard feature on many life insurance policies.

Accelerated death benefits are also known as living benefits.

Accidental death and dismemberment coverage can also act as a living benefit, as the dismemberment coverage provides a payout if you receive certain injuries in an accident.

Also, the amount paid to you as living benefits is not deducted from your policy's face amount, which remains in full effect to cover future injuries.

It gives what is known as a living benefit.

You will also see people refer to it as living benefits.

This rider — also known as a Living Benefits Rider — is included in your policy at no charge.

Often known as a living benefit, an accelerated death benefit rider can give you the option to advance a portion of your life insurance policy's death benefit to use while you are still living.

Accelerated benefits are also referred to as living benefits.

Accelerated death benefit riders, also known as living benefits, were created in the 1980's as a response to the rising number of people contracting HIV / AIDS.