Sentences with phrase «as the living benefit option»

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.

Not exact matches

If you can't offer salaries that are at or exceed your competition, then there may be other options such as providing better employee benefits and work - life balance programs than competitors.

(a) Schedule 2.7 (a) of the Disclosure Schedule contains a list setting forth each employee benefit plan, program, policy or arrangement (including any «employee benefit plan» as defined in Section 3 (3) of the Employee Retirement Income Security Act of 1974, as amended («ERISA»)(«ERISA Plan»)-RRB-, including, without limitation, employee pension benefit plans, as defined in Section 3 (2) of ERISA, multi-employer plans, as defined in Section 3 (37) of ERISA, employee welfare benefit plans, as defined in Section 3 (1) of ERISA, deferred compensation plans, stock option plans, bonus plans, stock purchase plans, fringe benefit plans, life, hospitalization, disability and other insurance plans, severance or termination pay plans and policies, sick pay plans and vacation plans or arrangements, whether or not an ERISA Plan (including any funding mechanism therefore now in effect or required in the future as a result of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant of the Company (collectively, the «Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the Company or (ii) the Company or any ERISA Affiliate (as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligation.

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

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.

The method must now be tested on larger animals before it can be tried in humans, but the hope is that tissue - engineered repairs for congenital diaphragm malformations will be at least as effective as current surgical options with the added benefit of growing with children throughout their lives.

Cardiologist Dr. Leslie Miller discusses the vital role of adult stem cells in helping the body repair itself as well as the potential benefits of cell therapy as an alternative option if you are living with symptoms of a chronic condition such as coronary artery disease or osteoarthritis that affect your ability to live a normal life.

Life insurance is something that will benefit all adults, and should be considered as an investment option for your family's future.

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

At retirement, the worker has the option of purchasing an annuity, which is similar to Social Security benefits and traditional defined benefit pension plans insofar as they provide a steady income stream for life.

Though available to all contract owners, the Global Atlantic Portfolios are also ten of eleven managed risk investment options qualifying as choices for optional living and death benefits, when applicable.

A third option would be to name your estate as the beneficiary of your life insurance policy and then draft a will that states how you wish to divide your assets and you can name your significant other as the beneficiary of the life insurance benefit.

ANICO Whole Life offers several different riders, such as Accelerated Benefit Riders, Guaranteed Insurance Option Rider, Paid up Additions Rider, Disability Premium Waiver, ANICO Signature Term Rider and Children's Term Rider.

If you choose to exercise this option, it allows you to convert all or a portion of the existing death benefit to permanent insurance coverage, such as whole life or universal life, with no evidence of insurability required (i.e. no medical exam or health questions).

A non-forfeiture benefit option is provided, allowing you to continue your life insurance plan as either extended term insurance or reduced paid - up life insurance if you choose to no longer make premium payments.

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.

As mentioned in the above list of best online term insurance plans, some life insurance companies provide optional riders (like Accident death benefit & Critical Illness) and optional features (like waiver of premium or monthly income options etc.,)

Elite Access Advisory is designed as an investment only variable annuity (IOVA) offering no guaranteed living benefit options but focused instead on broadly diversified investment options.

This is a more flexible option that allows you to change your premium payments and your payout amount (death benefit) as your life or needs change.

A comprehensive and flexible group term life insurance plan that includes a death benefit as well as the option of paying premiums in monthly instalments or as annual premiums.

This included overstating total fees of existing variable annuities or misstating fees tied to additional options such as riders, understating or failing to disclose the existence of an accrued living benefit value clients would lose on getting out of the annuity, and telling clients a proposed variable annuity had a living benefit rider when in fact it didn't, Finra says.

It combines the features of variable and universal life insurance, giving you the investment options as well as the ability to adjust your premiums and death benefit.

As Laura and I went through the insurance options in the booklet, even an extra $ 50 in premiums for more coverage made her sit back and consider: did she really need to spend that much for a cost - of - living adjustment on disability benefits?

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.

People who live in or close to Minneapolis St. Paul or Dallas / Fort Worth may greatly benefit from using the program, as nonstop flights out of these airports usually represent the best redemption options.

This report provides a summary of short - lived climate pollutants (SLCPs), including: an introduction to SLCPs; explanation of the multiple benefits of reducing SLCPs with respect to climate, human health and food security; and a menu of mitigation options for reducing SLCPs, including international and regional initiatives, such as the Climate and Clean Air Coalition.

Your employee benefits should include a variety of options that help improve the lives of your workers and, as a result, the quality of your product.

Mortgage protection policies typically include benefits unavailable on straight life insurance products, options such as the return of premium, critical illness availability, terminal illness, confined care riders, and a simplified non-medical application process.

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

SBLI offers a full suite of whole life insurance policy riders, such as Accelerated Death Benefit, Child Term Rider, Guaranteed Purchase Option and Waiver of Premium.

And while there are several different options for structuring a life insurance settlement, benefits are typically paid as a lump - sum cash payment.

This life insurance plan provides a death benefit if you should die, as well as tax - deferred growth of your account value, growth linked to a formula based on changes in an equity - index, flexible premium options, a variety of riders and waivers, and two death benefit options.

The Chronic Illness rider gives you the option to accelerate a portion of your death benefit early if you are certified by a physician as being unable to perform at least two ADLs or activities of daily living (bathing, continence, dressing, eating, toileting, transferring) or if you require substantial supervision due to severe cognitive impairment.

The Terminal Illness rider gives you the option to accelerate a portion of your death benefit if you are diagnosed as terminally ill with a life expectancy of one year or less.

In addition to final expense whole life insurance, Senior Life Insurance Company also offers term life policy options, as well as accidental death benefit insuralife insurance, Senior Life Insurance Company also offers term life policy options, as well as accidental death benefit insuraLife Insurance Company also offers term life policy options, as well as accidental death benefit insuralife policy options, as well as accidental death benefit insurance.

As an owner of a whole life policy you will have a few options of what to do with the death benefit.

Option 1 Death Benefit or Level Death Benefit: You can choose a level death benefit, that starts off as one amount and stays level for the life of the policy, regardless of cashBenefit or Level Death Benefit: You can choose a level death benefit, that starts off as one amount and stays level for the life of the policy, regardless of cashBenefit: You can choose a level death benefit, that starts off as one amount and stays level for the life of the policy, regardless of cashbenefit, that starts off as one amount and stays level for the life of the policy, regardless of cash value.

Review the options available to you so that you select the type of life insurance as well as the benefit amount that best meets your individual goals and your budget.

Universal life insurance, also known as Flexible Premium Adjustable Life Insurance, has flexible premiums with a minimum and maximum payment option, while giving you the option to change the death benefit within certain guidelines set forth in the contrlife insurance, also known as Flexible Premium Adjustable Life Insurance, has flexible premiums with a minimum and maximum payment option, while giving you the option to change the death benefit within certain guidelines set forth in the contrLife Insurance, has flexible premiums with a minimum and maximum payment option, while giving you the option to change the death benefit within certain guidelines set forth in the contract.

Whole life is considered the most rigid type of permanent life insurance, as the insured has few or no options when it comes to altering death benefits, premiums or the cash value accumulation feature.

As such, this insurance option has modest premiums for comparable benefit amounts to either a permanent or temporary life insurance.

And, according to Investopedia, there are many life insurance options many consumers do not know about, such as a probate - free death benefit.

It also works out well as a single premium life insurance policy option, where you make one lump sum payment for a lifetime death benefit.

These options include a disability waiver (available on the CPA Plan, but not on the Spouse Life plan), as well as an Accidental Death and Dismemberment (AD&D) coverage, and an accelerated death benefit option feature for terminal illness.

Whole life is a very rigid form of permanent life insurance where you have few or no options in managing death benefits, premiums you pay, or the cash value accumulation portion as you are locked in for as long as you own the policy.

Option B Increasing Death Benefits Universal life policyholders may elect an increasing death benefit (Option B) that increases as a policy's cash values increase.

However, for anyone looking at permanent coverage options, there are significant benefits to working with provider, such as Mutual Trust Life Insurance Company; financial strength, diversity in product, and unique policyholder benefits are top notch.

Because it offers lifelong coverage, as well as the potential for cash value benefits, whole life insurance is understandably a more expensive option in most instances.

Universal life can provide you with a variety of different payment options, including a flexibility of changing your death benefits, as well as the potential to accumulate cash value over time.

If it looks like there's no way you can buy a life insurance policy in your current state of health, you still have a few options such as graded benefit plans and guaranteed issue plans.