Sentences with phrase «as the death benefit of»

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.

As the death benefits of life insurance policies present you with an effective means to provide for your surviving dependents, you also want to consider unforeseen expenses that might crop up as you age.

Not exact matches

«The type of hidden fees annuity investors should pay attention to are separate account [investment funds] expense ratios; back - end sales charges; annual administration fees; mortality and expense costs; any rider fees, such as guaranteed income rider, death benefit riders [and] principal protection riders, to name a few,» says financial planner Joseph Carbone of Focus Planning Group.

The death benefit and payment plan of any standard whole life insurance policy are set as part of the policy and do not change.

This has the impact of providing you cash as well as reducing the life insurance policy's death benefit.

The way it works is that, each year, the insurer deduct all expenses, such as death benefits paid and the costs of running the business, from the money they've made (premiums collected, investments, and any other sources of income) and pays out any net profit as a dividend.

In the event Mr. Block's employment terminates due to his death or disability (as defined in his offer letter), he or his estate will be entitled to receive the following payments and benefits (less applicable tax withholdings), in addition to any other compensation and benefits to which he (or his estate) may be entitled under applicable plans, programs and agreements of the Company:

The consumer will incur a surrender charge, be subject to the commencement of a new surrender period, lose existing benefits (such as a higher crediting guarantee than is currently available, as well as death, living or other contractual benefits), or be subject to increased fees, investment advisory fees or charges for riders and similar product enhancements;

Payouts for dismemberment are typically listed as a percentage of your policy's death benefit, with a certain percentage corresponding to each limb (or combination thereof).

Term life insurance policies are quite cheap and can come with a variety of riders offering such assistance as disability income, waiver of premiums, and an accelerated death benefit in the case you become permanently disabled.

A fee included in some annuity contracts that compensates the insurer for the risks it assumes in issuing the contract, such as the cost of death benefits, expenses of other insured income guarantees, and administrative costs.

The contract comes with a return - of - premium death benefit as standard and investors up to 90 years old are eligible to purchase the product.

This provision states that no death benefit will be paid if you die as a result of your dangerous career or hobby (e.g., skydiving).

No medical exam whole life insurance is typically used as a form of final expense insurance, as coverage is lifelong and death benefits are generally limited to a maximum of $ 25,000 or $ 50,000.

This is known as a partial surrender, which reduces the cash surrender value of the policy and the death benefit amounts.

However, permanent life insurance solutions that focus on providing lifetime guaranteed death benefits, such as these, are typically less expensive than other types of permanent life insurance that emphasize savings opportunities.

The consumer will incur a surrender charge, be subject to the commencement of a new surrender period, lose existing benefits (such as death, living or other contractual benefits), or be subject to increased fees, investment advisory fees or charges for riders and similar product enhancements;

If you name your four kids, for example, each would receive 25 % of the death benefit as your beneficiary.

Elite Choice also offers traditional fixed annuity benefits such as guaranteed minimum interest and death benefits, combined with the potential for additional interest linked to the return of an index.

MarketProtector offers the benefits of a traditional fixed annuity, such as guaranteed minimum interest, death benefits, and retirement income options such as IncomeAccelerator, which is an optional income benefit for an additional charge.

If you need a large amount of coverage, simplified issue life insurance isn't ideal for you because most life insurance companies cap the death benefit at $ 100,000 (some companies offer as high as $ 500,000.)

These changes are not significantly affected by economic developments, with the exception of changes in the interest rate forecast on federal employees» future benefits, such as pensions, death benefits, etc..

(2) And as part of your contract with an insurance company, you can also receive income guarantees and death benefits.

Universal life insurance is a flexible type of permanent life insurance policy in which the death benefit and premiums can be adjusted as your circumstances change.

In the case that you pass, the policy beneficiaries should file a claim with the insurer, after which point the circumstances of your death will be reviewed and receive the payout (also called a death benefit or the face value of the policy) so long as everything is in order.

While an ILIT is an effective way to make sure that your life insurance death benefit is not taxable as part of your estate, there are a couple situations in which you may face a tax event:

You can think of this as getting your death benefit early, but with a few strings attached.

Unless the value that you withdraw is paid back to the insurance carrier before your death, the balance of your loan will be deducted from the death benefit, and the carrier will need you to repay the interest on the loan as well.

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.

Under these circumstances, you should only consider buying a variable annuity because of its other features, such as lifetime income payments and death benefit protection.

At certain points during the term of coverage, such as your birthdays, you can increase the policy's death benefit and premiums will be determined using your initial health rating.

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.

However, this means that if something happens down the line that causes the owner of a policy to not want their initial beneficiary to receive their death benefit (such as divorce), it'll still go to the beneficiary they chose during their application.

Potential buyers need to perceive the value of permanent life insurance as providing more than just a death benefit, he added.

Accelerated death benefits are also known as «living benefits» since you are able to use portions of your policy's death benefit while you are still alive.

As a surviving spouse, you can take ownership of the annuity, including any riders and death benefits within 1 year of your spouse's death.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

The percentage of the death benefit you can receive is generally less than 50 %, what qualifies as a terminal illness varies depending on your policy, and the payout you receive may be deducted with interest from the face value of your policy.

Depending on the injury, you will be able to receive percentage of the death benefit as recompense.

The amount of money you're able to receive as an accelerated death benefit will be capped as a percentage of the death benefit or dollar amount.

As the names imply, decreasing term policies pay a lower death benefit over time, while level term policies maintain the same death benefit for the term of the coverage.

A terminal illness rider, also known as an accelerated death benefit rider, offers you the option of receiving a percentage of your policy's payout immediately in the case you're diagnosed with a terminal illness.

Her family described her as, «an ordinary Welsh woman who did an extraordinary deed in wanting people in the diocese of St Davids to benefit after her death.»

Among them are the rights to: bullet joint parenting; bullet joint adoption; bullet joint foster care, custody, and visitation (including non-biological parents); bullet status as next - of - kin for hospital visits and medical decisions where one partner is too ill to be competent; bullet joint insurance policies for home, auto and health; bullet dissolution and divorce protections such as community property and child support; bullet immigration and residency for partners from other countries; bullet inheritance automatically in the absence of a will; bullet joint leases with automatic renewal rights in the event one partner dies or leaves the house or apartment; bullet inheritance of jointly - owned real and personal property through the right of survivorship (which avoids the time and expense and taxes in probate); bullet benefits such as annuities, pension plans, Social Security, and Medicare; bullet spousal exemptions to property tax increases upon the death of one partner who is a co-owner of the home; bullet veterans» discounts on medical care, education, and home loans; joint filing of tax returns; bullet joint filing of customs claims when traveling; bullet wrongful death benefits for a surviving partner and children; bullet bereavement or sick leave to care for a partner or child; bullet decision - making power with respect to whether a deceased partner will be cremated or not and where to bury him or her; bullet crime victims» recovery benefits; bullet loss of consortium tort benefits; bullet domestic violence protection orders; bullet judicial protections and evidentiary immunity; bullet and more...

In many ways, we are as guilty as Judas in the death of God; yet from this death we hope for infinite benefit.

You seem to have highlighted particular sins as though some are worse than others all sin leads to death not just the big ones because we all are sinners.All have gone astray none are righteous.I believe the worst sin is pride idolatry is the first commandment we set ourselves as Gods.Regardless of what the sin is, our hearts are condemned by our pride.It wasnt the sin of homosexuality or sexual deviance that destroyed sodom.It was there pride and it is one of our biggest stumbling blocks in our christian walk or it certainly was for me.We look at the story of the adulterous woman and we think adultery is a terrible crime but the story is for our benefit to show that we all are sinners that Jesus does nt condemn us but came to save us.And when Jesus says go and sin no more he was not only talking to the woman but everyone else that was around judging her for her sin its a universal message that we all need to see that we all are condemned because of our sin that Jesus came to save us and that we turn from our sin and follow him.Because he is the way the truth and the life.brentnz

As we have seen, one way of putting the results of the coming of Christ, and particularly of His death and resurrection, is to say that the Kingdom of God, with all its benefits, has thereby become accessible to men.

For there is a mode of life that is neither so good as not to need such helps after death nor so bad as not to gain benefit from them after death.52

To the question whether it is necessary to move on from the benefits of Christ to the Holy Catholic Church, Calvin's catechism answers: «Yes, indeed, unless we want to make Christ's death ineffective and count as nothing all that has been related so far.

Even though alcoholism ranks as one of the country's three major health problems, along with cancer and heart disease; even though it accounts for approximately 98,000 deaths every year; even though it is the root cause of most pastoral - care crises (suicides, auto fatalities, child abuse, divorces, hospital admissions, accidental deaths and home violence); even though it costs the nation $ 120 billion annually in terms of lost work time, health and welfare benefits, property damage, medical expenses, insurance and lost wages; and even though its effects impair the educational process of every child in every classroom, still the church acts as though alcoholism does not exist.