Sentences with phrase «available death benefit amounts»

Also, the available death benefit amounts tend to be much lower than those available for term policies which do require a medical exam.

Not exact matches

If the beneficiary is a minor, another option is an «interest income» payout, which makes guaranteed payments toward the interest on the death benefit for a specified time — for example, until the minor comes of age — at which point the benefit amount becomes available to that beneficiary.

Optional death benefits are available for an additional fee and offer the potential to increase the amount of money you provide when the time comes.

The maximum benefit amount available equals the lesser of 90 % of the total death benefit or the policy face amount less $ 25,000.

If the death benefit goes to your estate, probate proceedings could delay distributing the money, and the cost of probate could diminish the amount available to your heirs.

Policy loans are also available using your cash value as collateral, but keep in mind that loans affect the amount of your death benefit.

Because the loan will reduce the amount of available cash value in the policy, however, it will also reduce the amount of death benefit.

In addition to reducing the death benefit, if you want to surrender the policy or take a loan, the amount of funds available to you will be reduced.

In the usual situation the amount of a funeral and death benefits immediately available to family members under these provisions are not overly complicated to work out as it is a simple arithmetic calculation based upon some minor variable factors.

By contacting our lawyer at Butler & Company we can explain THE EXACT AMOUNT of both funeral and death benefits immediately available to you if you provide us with some very minor details.

The amount available for the accelerated death benefit varies by state and can be up to 75 % of the death benefit.

You may purchase Additional PIP coverage, to raise the overall limit of No - Fault benefits available in case of an accident up to $ 100,000 or higher and, in the process, increase the potential maximum amounts of lost earnings payments, other necessary expenses or the death benefit, depending on the limit you select.

Modified Death Benefit: Face amounts of $ 5,000 — $ 25,000 available.

If, however, the insured lives past the second or third year and then passes away, the full amount of the policy's death benefit will be available to the beneficiary.

Graded Death Benefit: Face amounts of $ 5,000 — $ 35,000 available.

Non-smoking insureds in the 70 year age brackets have policies available for all death benefit amounts, where smokers do not.

Life insurance companies are legally required to keep a specified amount of reserves on hand — capital that's available to pay out death benefits in a worst case scenario.

This no exam level term life insurance policy — which is available to those who are between the ages of 18 and 60 at the time of application — offers death benefit protection of up to $ 500,000 (with a low face amount of $ 100,000).

Because the loan will reduce the amount of available cash value in the policy, however, it will also reduce the amount of death benefit.

Loans and partial withdrawals will reduce the cash value and the death benefits payable to your beneficiaries, and withdrawals above the available free amount will incur surrender charges.

A policy owner who takes a loan against the available cash value may choose to pay back the loan with interest, or to have the amount owed deducted from the death benefit at the time of payout, or to surrender the policy and have the amount owed deducted from the available cash value.

The maximum death benefit available is the lesser of the face amount of the policy less $ 5,000 or $ 250,000.

Like your traditional term life insurance, they are available to offer a specified, level death benefit and level premium for a given amount of time, chosen at the time of application.

Charitable Giving Benefit Rider: Selected at issue and available at no additional cost, this rider provides an additional benefit of 1 % of the base policy specified amount (up to $ 100,000) to the qualified charity of the policyowner's choice upon the insured'sBenefit Rider: Selected at issue and available at no additional cost, this rider provides an additional benefit of 1 % of the base policy specified amount (up to $ 100,000) to the qualified charity of the policyowner's choice upon the insured'sbenefit of 1 % of the base policy specified amount (up to $ 100,000) to the qualified charity of the policyowner's choice upon the insured's death.

Based on the individual's health history, there are differing death benefit amounts available.

Additional Benefits: In addition to a larger than industry average maximum amount, Assurity's product boasts several available riders, such as the Accelerated Death Benefit Rider, but also a Children's Insurance rider.

Selected at issue and available at no additional cost, the Charitable Giving Benefit provides an additional benefit of 1 % of the base policy face amount (up to $ 100,000) upon your death to the qualified charity of your cBenefit provides an additional benefit of 1 % of the base policy face amount (up to $ 100,000) upon your death to the qualified charity of your cbenefit of 1 % of the base policy face amount (up to $ 100,000) upon your death to the qualified charity of your choice.9

Employee Term Life and Accidental Death and Dismemberment benefits are available for principal amounts of $ 10,000 and greater.

The major drawback is that the full death benefit is not available until after the policy has been in force for a given amount of time, usually one to two years.

When the option is exercised, Nationwide terminates the annuity and pays the owner an amount equal to the death benefit available on the date the form was presented in good order.

If the death benefit goes to your estate, probate proceedings could delay distributing the money, and the cost of probate could diminish the amount available to your heirs.

The coverage is available for clients between ages of 40 to 80 for up to $ 25,000 in death benefit amount.

The portion of death benefits that can be claimed may be «capped» at a specific amount and is available before you actually die.

Most owners do not realize that the vast majority of these policies only pay the death benefit, regardless of the amount of cash available in the policy at time of death.

The maximum benefit amount available equals the lesser of 90 % of the total death benefit or the policy face amount less $ 25,000.

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.

Since those who have a whole life insurance policy will never need to re-qualify for their coverage (provided that they keep their coverage in force by paying the premium), then they can always count on having a set amount of death benefit available to their beneficiary.

The death benefit paid on death will bean amount which is higher of the chosen Sum Assured deducting any partial withdrawals made in the 2 years prior to death or the available Fund Value is paid with a minimum of 105 % of total premiums paid until the date of death

Available as a rider, it allows the policy to increase the amount of life and death benefits.

LIC's additional death and disability benefit rider are available on payment of some additional premium amount.

The face amount, or death benefit, available is also limited, according to the National Association of Insurance Commissioners.

This policy is for those with impaired health offering a graded death benefit that provides for all premiums returned plus 10 % interest in year one and two, with the full face amount available starting in year three.

In addition to reducing the death benefit, if you want to surrender the policy or take a loan, the amount of funds available to you will be reduced.

They will reduce the death benefit that is payable to beneficiaries, and can also reduce the amount that is available for loans as well as the cash value of the policy.

There is no facility available for loan in this policy.Benefits Death benefits: The policyholder's fund value or an amount equal to the higher of basic sum assured will be payable.

If the beneficiary is a minor, another option is an «interest income» payout, which makes guaranteed payments toward the interest on the death benefit for a specified time — for example, until the minor comes of age — at which point the benefit amount becomes available to that beneficiary.

You can choose from various available riders such as Accidental Death Benefit, Critical Illness rider, Family Income Benefit, Waiver of Premium, etc. by paying additional rider premium amount.

The death benefit is almost never more than $ 50,000 and because it's highly rated (as in high risk), even that small face amount isn't available to your beneficiaries for 2 - 3 years.

As per available information, this plan provides 10 times of single premium amount as Sum assured on death (as death benefit), so maturity proceeds (Normal sum assured + LA) are tax - free.

Using the accumulated death benefit allows you access to the funds in advance, but remember the amount available is equal to the amount paid up until the present.