Sentences with phrase «beneficiaries if»

Act of war exclusions protect insurance companies from having to pay death benefits to beneficiaries if the insured person dies as an act of war.

Life insurance is a promise that your provider will pay up to your beneficiaries if need be, so it's crucial that your provider is — and will remain in the foreseeable future — solvent enough to pay out on its policies.

Term life insurance is a life insurance policy that provides a death benefit to the policyholder's beneficiaries if that person dies within the specified «term» of the policy.

This is the amount of money your policy will pay out to your beneficiary or beneficiaries if you pass away while your life insurance policy is active.

Term life provides a payout («death benefit») to your beneficiaries if you die while your policy's term (the length of your policy) is in effect.

Term life insurance provides a payout (a death benefit) to your beneficiaries if you pass away while your policy is in effect.

Life insurance with fixed term coverage will pay a death benefit to your beneficiaries if you die within the term of your policy.

When considered like this, it may not surprise you that many insurance companies will in fact honor a policy held by a person who commits suicide, i.e. the life insurance company will pay out the death benefit to the policy holder's beneficiaries if the primary insured commits suicide.

Life insurance is a «contract» (policy) between you and the life insurance company that states that if you pay premiums to the insurance company, it promises to pay money to the persons you name as your beneficiaries if you die.

It will increase your monthly premium; however it will pay at least double the death benefit to your beneficiaries if you die an accidental death, or are disabled due to the loss of limbs or eyesight.

As long as a policy owner is current on premium payments during an active term, death benefits are guaranteed to be paid to the plan beneficiaries if the policy holder dies.

This insurance provides pure risk cover, and hence an assured amount of money is paid to the beneficiaries if the policy holder dies before the term of the policy is exhausted.

Accidental death insurance is an policy that pays benefits to the beneficiary / beneficiaries if the insured's cause of death was due to an accident.

Term life insurance will only payout benefits to the named beneficiaries if the insured dies within the period term.

Per the policy that is purchased, when the insured person dies the policy will pay the death benefit to the listed beneficiary or beneficiaries if more than one is listed.

Insurance cover provides benefit to the beneficiaries if the insured person dies in the covered period.

This may again become a liability for your beneficiaries if the loan remains unpaid in your lifetime.

Every owner of life insurance needs for the insurance benefit to be readily available for the beneficiaries if there is a death claim filed, regardless of which type of policy they own.

This coverage will provide a benefit to the policy beneficiaries if the covered individual dies during the defined period of coverage.

Some people choose to put away a nest egg, which can be accessed by beneficiaries if they were to pass away.

You may also choose to list multiple beneficiaries if you are not married and you have more than one child.

Not only that but the cash value will not be returned to beneficiaries if the policy owner dies.

A fixed sum of money - the sum assured — is paid to the beneficiaries if the policyholder expires over the policy term.

Accidental death benefit rider - pays your beneficiaries if your death was the result of an accident

And in the event of a sudden loss, the AD&D coverage provides additional benefits to beneficiaries if the insured suffers an accidental death, or additional payment to the insured if they suffer a qualified loss as a result of accidental injury.

Term life is bought for a given amount of time, typically between 5 and 30 years, and provides death benefits to your beneficiaries if you should pass during the term.

They may also provide income to the executive's beneficiaries if the employee dies prematurely.

Allowing the cash value to continue to accumulate until your passing, and bequeathing it to one or more beneficiaries if you do not need it for retirement expenses.

You are included among potential beneficiaries if the policy owner is obligated to repay a loan from you using the proceeds of the policy.

The importance of a life insurance policy is that it helps provide for the financial stability of your beneficiaries if you pass away.

The primary purpose of any life insurance policy is to provide a death benefit to your designated beneficiaries if you die.

Coverage lasts for a predetermined length of time and the policy pays a benefit to your beneficiaries if you die during that term period (usually 10, 15, 20, 25 or 30 years).

The Insurance Company — issues the policy and is responsible for paying the death benefit to the beneficiaries if the insured dies while the policy is in force

With accidental death insurance, an amount of death benefit is paid out to beneficiaries if an insured die as the result of a covered accident.

Term life insurance provides a death benefit to your beneficiaries if you should die during the number of years, or «term» you choose.

Death benefits are only paid out to beneficiaries if you pass away within the window of term coverage.

Update your beneficiaries if necessary.

People may also find themselves in a state of analysis paralysis picking a charity or next - tier beneficiaries if their immediate family dies in, say, a fire.

Variable life insurance, like all forms of permanent life insurance, has a death benefit (that gets paid to your beneficiaries if you die) and a cash value component.

Variable life insurance is similar to whole life insurance — a simpler form of permanent life insurance — in that it pays a tax - free sum to your beneficiaries if you die, and in that it contains a long - term savings component called the «cash value» of the policy.

Customers pay a monthly premium that guarantees cash payment to their beneficiaries if the policyholder dies during the term of the policy.

Life insurance exists to cover expenses and debts for your beneficiaries if you as the primary breadwinner are no longer around.

Benefits are paid to the designated beneficiaries if the insured dies during the period of coverage.

This kind of policy pays a death benefit to your beneficiaries if you pass away before the term expires.

This approach to naming beneficiaries has the advantage of not inadvertently disinheriting family members.However, it can accidentally include unintended beneficiaries if the intended beneficiary dies.

You agree to pay for the policy on a regular basis, and the insurer agrees to pay a sum of money to your beneficiaries if you die.

Guaranteed coverage will pay your beneficiaries if your death results from disease, illness, AND accidents.

First, the coverage may be a form of accidental death and dismemberment (AD&D) insurance, which only pays the beneficiaries if the employee dies from an accident or loses a limb, hearing or sight as a result of an accident.

Term life offers coverage for a set period of time and then expires, and pays a death benefit to beneficiaries if the policyholder dies while the policy is in effect.

In addition, you can select to provide protection for your beneficiaries if that is important to you.