If you pass
away during the term of your policy, your designated beneficiaries will receive a tax - free, lump - sum death benefit.
Mortgage Protection Life Insurance is a life insurance policy customized to take care of one's mortgage payments if they pass
away during the term of the policy.
You know your family will receive death benefits if you happen to pass
away during the term of your policy.
If you pass
away during the term of your policy while coverage is «In Force», your beneficiary (you choose) will receive the death benefit proceeds from the life insurance policy, free from federal income tax.
Be assured that your nominee will receive a guaranteed death benefit of 105 % of all premiums paid by you, should you pass
away during the term of the policy
If you pass
away during the term of your policy, your nominee will receive the benefits of the sum assured amount and guaranteed returns.
If you pass
away during the term of your policy, your beneficiaries will receive the death benefit as a lump sum (find out How to Collect a Life Insurance Payout).
Death Benefits: If the insured passes
away during the term of the policy, the nominee receives a lump sum Death Benefit, which is computed as the highest of the following:
If you pass
away during the term of your policy, your beneficiary receives a death benefit pay out from your life insurance free from federal income taxes.
If you pass
away during the term of the policy, your designated beneficiary will choose how to receive these benefits.
Not exact matches
«Since the transition
away from fossil fuels is likely to take a very long time, we foresee a long -
term need to deal with coal - based emissions and, therefore, the sooner we begin to develop [carbon capture and storage] technology, the better,» Austin - based energy
policy specialist Scott Anderson
of Environmental Defense told a Senate panel earlier this year
during a hearing on CCS technology.
If you pass
away during the specified
term of the
policy, your designated beneficiary will receive the death benefits from your
policy.
Should a
policy holder pass
away during the «
term,» or time frame,
of the
policy being in - force, a beneficiary (or beneficiaries) will receive the death benefit proceeds.
Young, healthy people are unlikely to pass
away during their
policy terms, which means that the money spent on premiums is lost at the end
of the
term.
If you pass
away at any time
during that
term, your beneficiaries will receive the full amount
of the
policy.
The insurance company offers a premium waiver if the parent (i.e., the insured) passes
away during the
policy term of a child plan.
If,
during the
policy term the policyholder passes
away, the nominees receive a Death Benefit that takes care
of their financial needs in the absence
of the policyholder.
Should a
policy holder pass
away during the «
term,» or time frame,
of the
policy being in - force, a beneficiary (or beneficiaries) will receive the death benefit proceeds.
Under child plans, Life Insurance companies offers a premium waiver if the parent (i.e., the insured) passes
away during the
policy term of a child plan.
If you pass
away during the
term (duration)
of your mortgage life insurance
policy, the death benefit is paid to the person you choose (beneficiary) who can use the money to pay off your outstanding mortgage loan, and use any remaining money for any purpose, such as, living expenses, education, paying off credit cards, provide for your funeral and burial costs, etc..
They simply can not afford to take on
term life clients who they feel may pass
away during the life
of the
policy.
Term life insurance is purchased for a given term, typically 5 to 30 years, during which time, if you should pass away, your beneficiaries will receive death benefits in the amount of the policy that you purcha
Term life insurance is purchased for a given
term, typically 5 to 30 years, during which time, if you should pass away, your beneficiaries will receive death benefits in the amount of the policy that you purcha
term, typically 5 to 30 years,
during which time, if you should pass
away, your beneficiaries will receive death benefits in the amount
of the
policy that you purchased.
Similar to auto or homeowners insurance, a
term life insurance
policy provides a set amount
of financial protection if the insured should pass
away during the period
of time that the
policy is in force.
If you pass
away during the
term of your
term policy, the death benefit is paid to your family (beneficiary).
The coverage is no different than a regular
term policy, except that at the end
of your
term with an ROP
term you get all your premiums back if you did not pass
away during the agreed upon
term length.
With a
term life insurance plan, the policyholder's monthly payment is the same throughout a set time period — or «
term» — such as 20 or 30 years, in return for a stated amount
of death benefit protection should they pass
away during the time that the
policy is in force.
Term policy owners will not own the policy for the rest of their lives (unless they pass away pre-maturely during the specified term peri
Term policy owners will not own the
policy for the rest
of their lives (unless they pass
away pre-maturely
during the specified
term peri
term period).
In case
of an unfortunate event, the insured parent passes
away during the
policy term - immediate payment is payable by the insurance company.
In case
of an unfortunate event, life assured passes
away during the
policy term - immediate payment is payable to the nominee by the insurance company.
If however, you pass
away during the
policy term without having had to claim for the critical illness Sum Assured, your family would be paid the Sum Assured
of Rs. 60 lakhs.
Realty:
Term insurance being the most traditional type
of life insurance, offers death benefits if the insured passes
away during the
policy period.
If any
of the life partners passes
away during the
policy tenure, this is how a
term insurance company will pay the benefit to the nominee / surviving partner:
In order for a death benefit to be paid out on a
term life policy the insured must pass away during the «Term» of the pol
term life
policy the insured must pass
away during the «
Term» of the pol
Term»
of the
policy.
If you should pass
away while your
policy is «In Force» meaning
during the
term of your coverage and the premiums are paid up - to - date, then the death benefit is paid to the person or persons you chose as your beneficiary.
The lower your age, the lower the actuarial risk
of you passing
away during your
policy term, the lower the price you pay for your life insurance coverage.
Then, if you pass
away during the «
term» when the
policy's in force, your loved ones receive the face value
of the
policy.
Life insurance provides coverage on a specific person's life, and if that person passes
away during the time the
policy in In Force, there is a payout on the coverage, subject to all
of the
terms and conditions stated in the insurance contract.
Then, if you pass
away during the «
Term»
of your
policy, while the
policy is «In Force», your loved ones receive the face value (death benefit)
of your insurance
policy.
If you pass
away during the 10 year
term before your
policy ends, your beneficiary will receive the death benefit proceeds
of $ 250,000 free from federal income tax.
Term Cover: It refers to the tenure of a term insurance plan wherein the sum assured is only paid to the nominees if the policy holder passes away during the plan ten
Term Cover: It refers to the tenure
of a
term insurance plan wherein the sum assured is only paid to the nominees if the policy holder passes away during the plan ten
term insurance plan wherein the sum assured is only paid to the nominees if the
policy holder passes
away during the plan tenure.
Your life insurance coverage amount would be paid to your beneficiary if you were to pass
away during the
term of the life insurance
policy.