Sentences with phrase «beneficiaries receive»

The death benefit you are purchasing is the amount of money that the policy beneficiaries receive in the event that the insured dies.

A life insurance policy can guarantee your beneficiaries receive your estate in full.

Primary beneficiaries receive a portion or the whole policy benefit if they outlive you.

The beneficiaries receive the death benefit no matter when the insured dies, as long as premiums were paid.

Premiums Returned: If death occurs during the graded period, the beneficiaries receive premiums refunded plus an additional 5 % in the first year, premiums refunded plus an additional 10 % in the second year, and 75 % of the face amount in third year.

When the policyholder dies, the beneficiaries receive the death benefit in a lump sum.

However, withdrawals from the account will reduce the cash value and the benefits that your beneficiaries receive after your death.

What we mean: It is only the benefit (the amount your beneficiaries receive should you pass away during the length of your policy) that remains the same amount.

At the time of your death, your beneficiaries receive the amount you agreed on when you purchased the investment.

No matter the type of life insurance, your beneficiaries receive death benefits at your passing.

If we die, how much do our beneficiaries receive?

The money your beneficiaries receive from your life insurance policy can be used to pay for your burial costs and final expenses.

Another advantage of permanent life insurance is that the money your beneficiaries receive is usually free from federal income tax.

As the policyholder, you can choose whether your beneficiaries receive the death benefit as a single lump - sum payment or a monthly payout over a period of 5 to 25 years.

Regardless of how the subaccounts perform, a variable annuity death benefit ensures the annuity owner's beneficiaries receive no less than the initial investment.

However, the amount you were «accelerated» will be subtracted from the total your beneficiaries receive.

Primary beneficiaries receive funds when the insured passes away.

If the insured never needs long - term care, the beneficiaries receive the full death benefit as they would with any typical life insurance policy.

One option is a single premium insurance policy allowing the policyholder to deposit one lump sum, and then receive a specified amount of long - term care coverage if so needed, or to have their beneficiaries receive death benefit proceeds if the long - term care coverage is not used.

If the person who is insured passes away during the time that their policy covers, then their beneficiaries receive a death benefit (monetary sum).

Life insurance policy In exchange for a monthly premium your listed beneficiaries receive a lump sum in event of death, regardless of the cause of death.

With term life insurance, if you should die, your beneficiaries receive a tax free benefit.

However it can be added as a rider to a traditional life insurance plan so the beneficiaries receive both the benefits from the life insurance and the death and dismemberment insurance plan in case of an accidental death.

If you have a term policy and die within the term, your beneficiaries receive the payout.

If the policy holder passes away, their beneficiaries receive death benefits.

You pay life insurance premiums for the length of the term, usually 5, 10, 20 or 30 years, and if you pass away during the term, your beneficiaries receive the death benefits.

When you purchase a Return of Premium (ROP) life insurance policy, if you die during the term, your beneficiaries receive the death benefit.

If you die before it is repaid, the carrier will reduce the death benefit your beneficiaries receive by that unpaid amount.

If you die within the term, your beneficiaries receive the death benefit.

Your beneficiaries receive a death benefit if you pass away during your term (provided that you've kept up with your payments).

If you die during that time, your beneficiaries receive the death benefit.

With a term life insurance policy, your named beneficiaries receive a payment if your policy is still in force when you die.

The amount of income the beneficiaries receive depends upon the death benefit, gender, and age at the time of death of the insured.

Traditionally with term life insurance, your beneficiaries receive a death benefit if you die while your policy is in force.

Keep in mind that if you do choose to get the funds, it will be subtracted out of the total your beneficiaries receive when you die.

In addition, federal taxes are deferred on term life insurance policies and beneficiaries receive tax - free benefits, making it a good financial choice.

It will just be subtracted off the total amount your beneficiaries receive when you die.

It's simple; if you die within the term you chose when you bought the policy, then your beneficiaries receive the payout.

Life insurance proceeds may be tax - free, depending on what proceeds you or your beneficiaries receive.

Generally speaking, if your beneficiaries receive a payout, they won't owe taxes — whether it's a permanent or term policy.

The most obvious benefit to life insurance is the death benefit — what your beneficiaries receive when you die.

Whether you eventually need long term care services or your beneficiaries receive the death benefit, you can feel confident with protection that lasts a lifetime.

Finally, if you die before the loan is paid back, the loan amount will be deducted from the death benefit your beneficiaries receive.

Jane's original beneficiaries receive nothing.

If you die within the term, your beneficiaries receive the death benefit amount to help replace your income.

Beneficiaries receive policy death benefit proceeds generally free from income taxes and probate delays.

Your NYL UL and NYL SUL policies have the potential to earn cash value, which can increase the death benefit your beneficiaries receive.2 Provided it's sufficient, your cash surrender value can be accessed through policy loans and partial surrenders1, 3 to buy a home, fund a child's education, or supplement retirement income.

However, if you pass away while the loan is outstanding, the value of the loan will be deducted from the death benefit your beneficiaries receive.

When adding an AD&D rider, also known as a double indemnity rider, to a life insurance policy, the designated beneficiaries receive benefits from both in the event the insured dies accidentally.

Premium, it is the amount paid to the companies for an agreed amount of time to ensure that beneficiaries receive the insurance claim after the death of the policy holder.