Sentences with phrase «basic policy death benefit»

The benefit may include the original or basic policy death benefit, dividends, and supplemental benefits as reduced by any outstanding policy loans, loan interest, prior policy withdrawals etc. as applicable.

Not exact matches

Basic whole life policies provide a fixed death benefit and a cash value that builds over time.

If the insured dies while receiving total disability benefits, the policy pays the basic monthly benefit to the owner or owner's estate for up to three months after the insured's death.

A basic life insurance policy provides death benefits and is designed to cover loss of income, end - of - life expenses, funeral costs and other financial requirements your loved ones may have should you die unexpectedly.

At its most basic, life insurance provides a sum of money, called a death benefit, to the beneficiary of a life insurance policy upon the death of the insured.

Death Benefit - In case of uncertain demise of the insured person during the tenure of the policy the death benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus ifDeath Benefit - In case of uncertain demise of the insured person during the tenure of the policy the death benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus Benefit - In case of uncertain demise of the insured person during the tenure of the policy the death benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus ifdeath benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus if any.

If you die while receiving total disability benefits, we will pay the policy's basic monthly benefit to the owner or owner's estate for up to three months after your death.

However, the basic explanation of an AD&D rider is that if you die as a result of an accident, the life insurance company will double the original death benefit of your policy.

Sure, the shopping process can get a little complicated, especially if your health situation is a little complicated, but at the end of the day, term life insurance is made up of three basic components: your coverage (also known as your death benefit), your term (how long the policy lasts), and your premium (how much you're paying for it).

Riders are modifications to your overall life insurance policy that turn a basic life insurance policy — you pay premiums and a death benefit is paid out if you die — into something that covers more exotic circumstances.

Basic term life conversion option is for someone who has no plans to convert their policy and just wants the inexpensive death benefit protection term offers.

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for Basic Life Cover and SBI Life Saral Swadhan Plus.

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for Basic Life Cover and Kotak Premier Pension Plan.

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for LIC New Jeevan Anand and Basic Life Cover.

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for Metlife Superannuation and Basic Life Cover.

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for Basic Life Cover and IndiaFirst Group Credit Life Plan.

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for Basic Life Cover and Metlife 100.

Unlike basic term life policies without additional benefits, this product includes three types of living benefits through accelerated death benefit riders, and a premium waiver during unemployment.2 These riders offer additional flexibility and coverage for a number of unexpected events.

In its most basic sense, funeral insurance actually works in a similar fashion to most other types of life insurance in that a person pays a premium to an insurance company in exchange for the payment of a death benefit to a named beneficiary in the case of the insured's death while the policy is in force.

It comes in two basic flavors: «immediate death benefit» plans, which provide full benefits to your loved ones upon your death no matter how long you've owned the policy, and «graded benefit» plans, which offer partial payments if you've held the policy for less than two or three years and provide full payment if you've held it longer.

Term life insurance is going to be your most basic policy, with a defined premium and death benefit for a chosen number of years.

While these aren't for the vast majority of younger crowds, they are a simpler, cost effective way for seniors to buy a life insurance policy with a smaller death benefit to pay for basic funeral and funeral related costs.

Life insurance has one basic purpose: to pay a death benefit to the policy beneficiaries when the insured dies.

This is a very basic policy that pays death benefits to family members of your choosing when you die.

However, the basic explanation of an AD&D rider is that if you die as a result of an accident, the life insurance company will double the original death benefit of your policy.

First, the basics: No matter what type of policy you have, its basic purpose is to pay a death benefit to the policy beneficiaries when the insured dies.

Almost every senior is looking for two basic components in a policy, one that is affordable and will pay out the out the death benefit when he or she passes away.

Riders are modifications to your overall life insurance policy that turn a basic life insurance policy — you pay premiums and a death benefit is paid out if you die — into something that covers more exotic circumstances.

First, the basics of how term life insurance works: You buy a term life insurance policy for a death benefit of a specific dollar amount and a specific length of time — the term.

Death Benefit - In case of the demise of the insured within the initial 5 years of the policy issued date (i.e. before the vesting date), a basic sum assured plus accrued guaranteed addition in paid to the policy beneficiary either in a lump - sum or as the annuity or as a combination of two.

It has the same basic policy features, with just a death benefit and corresponding premium, but the premium will be slightly larger.

The most basic of the bunch, a guaranteed universal life policy is one of the cheapest ways to purchase a policy for a guaranteed death benefit.

This type of life insurance offers a death benefit, with no cash value or investment build up — and because of its basic nature, term life insurance policies are usually very affordable.

The Basic Term Life Insurance Policy from Allstate offers several options regarding the death benefit.

The Basic Term Life Insurance Policy provides death benefit protection for 15 years — and throughout this period of time, the death benefit coverage will remain level.

Term life insurance provides the most basic form of life insurance coverage, as these policies provide death benefit protection, without any cash value or savings build up.

Accidental death benefit insurance is not usually included in a basic life insurance policy, so adding it to a standard policy as a rider will likely result in a somewhat higher premium; however, it will pay double the amount of the regular death benefit if the insured dies in an accident.

Term life insurance is the most basic type of policy available because it pays out death benefits only.

In its most basic sense, life insurance consists of a policy holder paying a premium to an insurance company and in return, the insurance company paying out a death benefit to the beneficiaries of the insured if and when the insured passes away — provided that the policy is in force at the time of the individual's death.

A basic life insurance policy provides death benefits and is designed to cover loss of income, end - of - life expenses, funeral costs and other financial requirements your loved ones may have should you die unexpectedly.

A term life insurance policy provides basic death benefit protection.

Various riders like additional risk coverage, accidental death benefit & waiver of premium can be purchased with the basic policy to get comprehensive risk cover.

While buying the term insurance policy, you can choose various riders like accidental death benefit, terrorism death benefits, critical illness benefit, permanent disability, waiver of premium and a few more against a few bucks more that get added to your basic acquiring cost.

■ The additional death benefit can be taken as lump sum or as 25 % of basic sum assured paid at the end of the each last four years and family income benefit as 1 % of the basic sum assured at the end of every month following the date of death till the end of the policy term but not less than 36 monthly payments.

The basic policy contains a level death benefit and a level whole life premium like any other whole life policy.

However, you can usually get a policy with a death benefit value as low as $ 5,000 (best for basic funeral expenses) and as high as $ 50,000.

As a basic premise, the policy's death benefit will pay out upon the death of the insured in return for the payment of a premium.

When the death occurs after the first five policy years till the policyholder turns 65 years as on the last birthday, the nominee receives the Basic Death Benefit plus the accrued Guaranteed Additions plus the accrued Reversionary Bonuses and Final Bonuses, ifdeath occurs after the first five policy years till the policyholder turns 65 years as on the last birthday, the nominee receives the Basic Death Benefit plus the accrued Guaranteed Additions plus the accrued Reversionary Bonuses and Final Bonuses, ifDeath Benefit plus the accrued Guaranteed Additions plus the accrued Reversionary Bonuses and Final Bonuses, if any.

When the death occurs within the first fifteen policy years, the nominee will receive the Basic Death Benefit plus the accrued Reversionary Bonus plus Final Bdeath occurs within the first fifteen policy years, the nominee will receive the Basic Death Benefit plus the accrued Reversionary Bonus plus Final BDeath Benefit plus the accrued Reversionary Bonus plus Final Bonus.

When the death occurs within the first five policy years, the nominee will receive the Basic Death Benefit plus the accrued Guaranteed Additdeath occurs within the first five policy years, the nominee will receive the Basic Death Benefit plus the accrued Guaranteed AdditDeath Benefit plus the accrued Guaranteed Additions.