Sentences with phrase «benefit after the policy term»

This is an extended benefit after the policy term.

Not exact matches

But if you owned a partnership policy with a maximum benefit of $ 500,000, for example, you will be allowed to keep $ 500,000 of your assets after your long - term - care insurance runs out and still be eligible for Medicaid.

If, for example, you received a significant promotion and raise 5 years after purchasing term coverage, you might want to convert to a permanent life insurance policy to take advantage of the tax benefits and receive dividends.

It is also clarified that if the Accident occurs during the Policy Term and the death due to the said Accident happens after the expiry of the Policy Term (but within 120 days from the date of Accident), Death benefit will be payable.

Survival Benefit — Here, the regular monthly income that is chosen at the time of inception of the policy for 15 yrs after the end of the premium payment term is paid to the policyholder.

Even then, don't sign up for an insurance policy until you have crunched the numbers and figured out that its benefits are likely to offer you a better after - tax return on the premiums you pay than you would earn for CD rates or long - term investments.

A policyholder can also give up the policy for a return of premiums paid after five years if no long - term care benefits have been used.

Secure Solution long - term care insurance provides tons of options, including a reimbursement benefit for actual LTC costs and a cash indemnity benefit which pays you a percentage of the policy's home health care benefit each month, after the elimination period has passed.

The term «proceeds and avails», in reference to policies of life insurance, includes death benefits, accelerated payments of the death benefit or accelerated payment of a special surrender value, cash surrender and loan values, premiums waived, and dividends, whether used in reduction of premiums or in whatever manner used or applied, except where the debtor has, after issuance of the policy, elected to receive the dividends in cash.

For example, a policyholder with a $ 100,000 annuity who had selected and aggregate benefit limit of 300 % and a two year benefit factor would have an additional $ 200,000 available for long term care expenses after the initial $ 100,000 policy value was depleted.

Please let me know that monthly income advantage plan offered by Max Life in which after paying 12 annual premiums will get a monthly income for next 10 years & get a lump sum amount (equal approximate the premiums paid in 12 years in the beginning) plus approx. 14.5 times death benefit for the entire policy term i.e. 22 years.

Survival Benefit: Subject to the policy being in force, the Guaranteed Monthly Income on Survival (as displayed in the table below) will be payable monthly starting from the end of the next month after the completion of the Premium Payment Term and will be payable for 72 months for 12 year policy term, 96 months for 16 year policy term and 144 months for 24 year policy teTerm and will be payable for 72 months for 12 year policy term, 96 months for 16 year policy term and 144 months for 24 year policy teterm, 96 months for 16 year policy term and 144 months for 24 year policy teterm and 144 months for 24 year policy termterm.:

Real estate — 3 cr term insurance — 2 cr health insurance — 10 lakhs family floater 5 lakhs by company 10 lakhs (cancer care policy due to my family history) various traditional policies from lic — 10 lakhs (premium ending by next year and benefits after 3 yrs) equities — 4lakhs mutual fund (through a financial advisor)-- 25 lakhs ppf — 5 lakhs fixed deposit — 2 lakhs sip in force for 20000 / - per month

The benefit of converting your term life insurance policy after 10 years is that you won't have to go through underwriting again.

«Critics tired of «foot - dragging» on injured worker discrimination: Ontario's ombudsman will not investigate workers» compensation for «unconstitutional» stress policy» / Sara Mojtehedzadeh (Toronto Star, February 13, 2017) Injured workers suffering from psychological conditions brought on by long - term workplace issues are still excluded from compensation benefits — two years after the Workplace Safety and Insurance Appeals Tribunal's 2014 Decision 21578 / 09 determined the WSIB policy to be unconstitutional.

Future Generali Immediate Annuity Benefits are provided in the form of bonus i.e. an additional sum that a policyholder will receive during the policy term or after maturity.

Birla Sun Life Vision Money Back Plus Plan Benefits are provided in the form of bonus i.e. an additional sum that a policyholder will receive during the policy term or after maturity.

Birla Sun Life Vision Endowment Plan Benefits are provided in the form of bonus i.e. an additional sum that a policyholder will receive during the policy term or after maturity.

* Most term life policies can not be renewed after the age of 75, which greatly skews their pay - out statistics, but in a 1993 Penn State University study less than 1 % of some 20,000 term life policies required the payment of benefits.

However if all conditions are met and everything checks out after the investigation, unlike the guaranteed issue life insurance policy, a term life insurance policy would pay the full benefit, and not just the premiums paid for the first two years.

Unless they have previously renewed their policy, if a policyholder dies a day after the one - year term, the beneficiary will not receive benefits.

A term life policy can leave you with nothing after 20 years of premiums (other than your health, obviously), so some like the option of cashing out a whole life policy early for a portion of the complete death benefit should they want or need the money.

The benefit over term is (for my policy, at least) after the 12th year, I am entitled to a portion of my premiums.

When you buy your own long - term disability insurance — including supplemental disability — the benefit amount is tax - free since you pay the policy - premiums with after - tax dollars.

First, I thought the insurance policies are just waste of time and money but when my colleague suggested me one and after reading it's terms and conditions I found the benefits of the insurance policy.

On the contrary, Extended Cover combines all the benefits and term & conditions of Standard policy along with the additional benefit to extending the life cover after the period of the policy ends.

Additional Insured's Level Term to Age 95 Life Insurance Benefit Rider with Premiums Adjustable After 10 Years, used with Whole Life, policy series 09171, 09471, and A09171.

Level Term to Age 95 Life Insurance Benefit Rider with Premiums Adjustable After 10 Years, used with Whole Life, policy series 09151, 09451, and A09151.

Compare that to a private long - term disability policy, which can go in force in a few weeks and has an average elimination period — the time before the benefits go into effect — of 90 days after filing a claim.

Fortunately for Melanie, the LTD policy she bought when she was 25 covers her after her short - term disability runs out, so for the remainder of her recovery period she receives the tax - free $ 4,000 monthly benefit.

So, if a policyholder had purchased a Colony Term universal life 10 policy, and then they decided five years after purchasing it that they wanted to have coverage for the remainder of their lifetime, then the coverage extension feature would have allowed the insured to extend the death benefit protection guarantee to either age 90, age 100, or 105 — and, this could occur without the need for the insured to provide evidence of insurability.

After term is complete and no death benefit has been paid, rates for buying a new policy increase substantially.

If, for example, you received a significant promotion and raise 5 years after purchasing term coverage, you might want to convert to a permanent life insurance policy to take advantage of the tax benefits and receive dividends.

It is good to know if your policy has a waiver of premium rider and how long after qualifying for your long term care insurance benefit until the rider goes into affect.

Of course the benefit is that after the first 10 years since the policy was issued, if the applicant is now 93 and still living, he'll still have level premiums he can afford, whereas the 10 year term policy's premiums may adjust to an astronomical number.

A 10 year term policy remains in effect for 10 years after the date of purchase, and both the death benefit and price go unchanged.

If death occurs after the term of the policy, no benefit is paid.

Any sum received other than as death benefit under an insurance policy which has been issued on or after April 1 2003 and if the premium payable in any of the years during the term of the policy does not exceed 20 % of the sum assured.

If the insured dies within the first two years after the policy is issued, a limited death benefit may be paid subject to the terms of the policy.

These policies, sometimes termed «whole life» insurance policies, offer your beneficiaries a death benefit after your passing.

When a claim takes place, after a brief waiting period, the policy will pay a predetermined monthly benefit for as long as the key employee is disabled or until the policy term expires.

We pick up a plan with the premium payment term of 10 years and policy term of 12 years i.e. you pay the premium for 10 years while the life cover is for 12 years and you get maturity benefits after 12 years.

Term life has a guaranteed death benefit, but no cash value, and the premiums will increase at predetermined intervals, such as after one year, five years, 10 years, or 20 years, depending on the kind of policy you purchase.

Term varies from 19 to 28 years (idea was to have maturity benefit from each policy per year after 19th year).

A policy that expires after a 30 year term will have no benefits is the insured is still living.

Death Benefits: If the policyholder dies during the term of the policy or after the premium paying term (PPT), the nominee shall be paid the higher of

You get the maturity benefits after expiry of policy term.

But, the policyholder should check the terms and conditions of the policy that after that will the other further benefit of the insurance policy will be given up until the time Critical Illness Insurance Policy is repolicy that after that will the other further benefit of the insurance policy will be given up until the time Critical Illness Insurance Policy is repolicy will be given up until the time Critical Illness Insurance Policy is rePolicy is renewed.

Base Sum Assured along with the vested Simple Reversionary Bonuses shall be used to provide an annual income benefit at the end of every subsequent policy year after the premium payment term, i.e. (Base Sum Assured + vested Simple Reversionary Bonus) x Income Benefitbenefit at the end of every subsequent policy year after the premium payment term, i.e. (Base Sum Assured + vested Simple Reversionary Bonus) x Income BenefitBenefit Factor

After your long - term needs are deducted from all your available resources, the remaining amount is used as the death benefit for your insurance policy.