Not exact matches
Provides payment to a
beneficiary that can be the basis
of financial stability and security
after the
death of the
insured.
Should the
insured pass away any time
after two years have elapsed, the
beneficiary would receive 100 percent
of the amount
of the stated
death benefit on the policy.
Level benefit means once the policy has been issued, the
insured's
beneficiaries are eligible for the full face value immediately
after death of the
insured occurs with no reduction in the face amount otherwise known as the
death benefit.
(If however, the
insured remains alive for at least two more years, the
beneficiary will receive the full amount
of the
death benefit
after that).
You would have to wait through probate before receiving the portion
of her assets from her will, so it won't be as clean as a normal
beneficiary designation where the
beneficiary has access to the funds very shortly
after the
death of the
insured.
Recurring payout option also allows the
beneficiary to receive a lump sum benefit instead
of regular monthly or yearly payouts anytime
after the
death of the life
insured.
The life insurance
beneficiary, designated by the
insured, gains control
of the
death benefit
after the
insured dies.
This specifically states a defined period
of time that the primary
beneficiary must outlive the
insured to receive the
death benefits and is usually a period
of 10 to 30 days
after the
death of the
insured.
This is crucial, because when policyholders intend, but never actually got around to requesting a
beneficiary change to take a former spouse off
of the policy, that creates legal wiggle room for the former spouse to make a claim on the policy and start an unwanted legal dispute
after the
death of the
insured.
After death, a regularly scheduled
death benefit payment will be paid out to all allocated
beneficiaries of the
insured.
Within 24 hours
after receiving notice
of an
insured's
death, an emergency
death benefit
of the lesser
of 50 %
of the coverage amount or $ 15,000 will be mailed to the
insured's
beneficiary, unless the
death is within the two - year contestability period and / or under investigation.
Also, I have never heard
of any lawsuit that has ever overturned a
beneficiary designation
after the
death of an
insured who was in a healthy frame
of mind at the time
of designation.
[x] The amount received by the
beneficiary, from an annuity or insurance policy,
after the
death of the
insured individual.
Should the
insured pass away any time
after two years have elapsed, the
beneficiary would receive 100 percent
of the amount
of the stated
death benefit on the policy.
If, however, the senior
insured dies
after owning the policy for longer than two years, and then the
beneficiary would be able to receive the full amount
of the
death benefit that is stated in the policy.
Should the
insured live past the first few years
of policy ownership and pass away
after that, the
beneficiary would be able to receive the full amount
of the
death benefit — even on a plan that contains the graded
death benefit option.
After the two - year Graded
Death Benefit period, if the
insured dies for any reason, the full face amount
of the policy shall be paid to the
beneficiary.
In the 3rd option, if the
insured is less than 45 years, then
after his
death, 10 times
of the annual premium or 7 times the annual premium (if the
insured is above 45 years) to the nominee /
beneficiary.
However,
after a certain amount
of time has passed, such as two or three years
of policy ownership, the
beneficiary would be eligible to receive all
of the stated
death benefit upon the
insured's passing.
If the
insured dies just one week
after the policy expired, there would be no
death benefit for the
beneficiary and thus a loss
of over $ 8,000 on the transaction.
The
death benefit
of a whole life insurance policy can be received tax free by the
beneficiaries, and for this reason whole life insurance is used for estate planning purposes as well as providing income for
beneficiaries after the
insured passes away.
Survivorship life insurance is a type
of permanent life insurance that
insures two people, usually a married couple, and pays the
death benefit to
beneficiaries only
after the second person passes.
Insurance money from a single premium policy is paid to the
insured right
after the maturity
of the policy or to the
beneficiary as a
death benefit without having to make any more payments on the policy prior to these events.
The
beneficiary of a life insurance policy is the person or persons named to receive all or a part
of the proceeds (
death benefit) from the insurance policy
after the
insured person has died.
The key benefits
of securing a permanent life insurance policy is that it ensures life insurance protection for the entire life
of the
insured, and it also provides a
death benefit to the
beneficiary regardless
of the age
of the policy.Permanent life insurance will provide financial security for your family / dependent / other
beneficiary during your lifetime and
after your
death.