Sentences with phrase «benefit face amount of the policy»

Not exact matches

Extended Death Benefit Guarantee — 50 % of your policy's face amount is guaranteed as long as your policy is in force

You can access a maximum benefit amount which equals the lesser of 90 % of the total death benefit or the policy face amount less $ 25,000.

Changes in the Death Benefit Option may result in changes to the policy's Face Amount and may require evidence of insurability.

So, if you had a $ 500,000 death benefit and your insurer capped the amount you could accelerate at «the lesser of $ 250,000 or 75 % of the policy's face value», you could request up to $ 250,000 while still living.

When purchasing life insurance coverage, it is important to determine what type of policy — as well as how much in death benefit (face amount)-- will be right for you and your survivors.

The maximum benefit amount available equals the lesser of 90 % of the total death benefit or the policy face amount less $ 25,000.

This «living benefit» allows the insured to receive 75 percent of the policy's face amount in advance — up to a maximum dollar amount of $ 750,000 — in the event of a terminal illness diagnosis that will likely result in death within 24 months.

The death benefit can also be defined as the face value or face amount of a life insurance policy.

However, it contains a Graded Death Benefit for the first two years — this means that if death occurs within the first two years of policy ownership, your beneficiaries will receive your accumulated premium payments and 10 % interest instead of the face amount of your policy.

For example, if you purchased a policy with a 25/50/100 three year grading provision and you were to pass prior to the second anniversary of the policy your beneficiary would receive 25 % of the face amount benefit.

The face amount of coverage can go up to $ 20,000, and the full death benefit will be paid out after the insured has had the policy for a period of at least three years.

Accelerated Death Benefit for Terminal Illness or Nursing Home Confinement Rider is the face amount of your policy minus a 6 % charge.

The policy includes a guaranteed death benefit between the lesser of $ 10,000 or 10 % of the policy face amount.

Face amount The face amount of the policy is the amount of the death benefit as stated in the polFace amount The face amount of the policy is the amount of the death benefit as stated in the polface amount of the policy is the amount of the death benefit as stated in the policy.

If there are any loans against the life policy, then these amounts will reduce the face value of the death benefit when the insured passes away.

An optional add - on life insurance benefit that allows the insured to receive partial payment of the policy's face amount before dying in the case of terminal illness or injury.

Three of the top factors used in evaluating a policy include the face amount (death benefit), the amount of premiums due each year on the policy, and the life expectancy of the insured.

She had a Trendsetter LB policy with a face amount of $ 500,000 and received a benefit of $ 375,000.

A level death benefit means the face amount of the policy is in force from day one.

Making a list of your month to month expenses will help you to determine how much your policy face amount (death benefit) should be.

The initial Term Insurance Benefit, when added to the initial Face Amount of the base policy equals the initial Target Face Amount, which is also shown on the Policy Datapolicy equals the initial Target Face Amount, which is also shown on the Policy DataPolicy Data Page.

This rider offers an accidental death benefit that is equal to the policy's face amount — and pays out in addition to the whole life insurance benefit if the insured dies as the result of a covered accident.

When you are trying to figure out what you will receive in terms of face value for the policy, the face value is the amount of the death benefit provided.

The life insurance cash value is the amount of money you are given if you cancel (surrender) the policy before you die, while the face amount (death benefit) is the amount your beneficiaries will be paid upon your death.

After the two - year Graded Death Benefit period, if you die for any reason the full face amount of the policy shall be paid to your beneficiary.

Adjustable Life Insurance: A form of life insurance which allows the policy owner to change various benefits of the policy including the face amount, the premium amount, the length of coverage and the length of the premium payment period.

The policy includes an accelerated death benefit, which provides up to $ 500,000 or 75 % of the face amount in advance if the insured is diagnosed with a qualifying terminal illness.

The death benefit in the IUL equals the face amount of the insurance policy plus the growth of the funds in the cash account.

While ordinary Permanent Life insurance is typically purchased in much larger benefit amounts (i.e. six - figures or more), a Final Expense policy tends to be issued in face amounts of $ 2,000 to $ 50,000 (these amounts vary, depending on the insurer).

The benefit received is the lesser of 50 % of the policy face amount or $ 300,000.

PlanRight Graded Benefit: If death occurs in first two years, the policy pays out 30 % of face amount in year one and 70 % of face amount in year two.

• Accidental Death Benefit Rider — If you should die as a result of a covered accident, additional death benefits are payable equivalent to the face value of the policy (minimum amount must be $ 25,000) and will be payable to a maximum of $ 250,000.

Effect on policy: After payment of an accelerated death benefit, the policy face amount will be reduced proportionally to the amount you chose to accelerate.

This type of insurance will pay a beneficiary the policy's face amount (or death benefit) only if the insured should die suddenly (and accidentally).

Also, Accelerated Death Benefit Riders where you can collect up to 50 % of your policies face amount.

An optional add - on life insurance benefit that allows the insured to receive partial payment of the policy's face amount before dying in the case of terminal illness or injury.

Accidental Death Benefit Rider Provides an additional death benefit equal to the face amount of the policy if the insured dies as a result of an accident prior to a certaBenefit Rider Provides an additional death benefit equal to the face amount of the policy if the insured dies as a result of an accident prior to a certabenefit equal to the face amount of the policy if the insured dies as a result of an accident prior to a certain age.

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.

(Note: The cash value of a policy is not the same as the face amount that's paid out as a death benefit to your beneficiaries.

With the accelerated death benefit, if you are diagnosed terminally ill then your life insurance policy will pay out 25 % up to 80 % of the face amount depending on the specific carrier and the face amount of your policy.

Like «period certain» payouts, «amount certain» benefits pay out in equal amounts until the face value of the original policy has been exhausted.

This policy provides a graded benefit, which means that if death of the insured that is due to natural causes — in other words, death that is caused by means other than an accident — during the first two years in which the policy has been in force, the named policy beneficiary will only receive back all of the premiums that were paid in, plus 10 percent, as versus the face amount of the policy.

In this example, your death benefit (the face amount of the policy) would remain unchanged.

This type of policy differs from Term Life Insurance in that the face amount (death benefit) remains level to age 100.

There are many types of life insurance, with varying benefits, but the main benefit of a life insurance policy is that it will pay the face amount — the amount of the policy — to the beneficiary if you pass away while the policy is in force.

The long - term care rider pays benefits should you need assistance, but the maximum benefit is typically only a percentage of the life insurance policy's face amount.

Under the level option, the death benefit is level to the face amount of your policy.

Accelerated Death Benefit for Terminal Illness or Nursing Home Confinement Rider is the face amount of your policy minus a 6 % charge.

Transamerica, an A + rated company founded in 1904, offers unique options, with a few of their term life products, such as Living Benefits for early access to death benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requiBenefits for early access to death benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requibenefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requirements.

In most cases, a life insurance policy that has a charitable giving rider will pay the death benefit amount to the policy's beneficiary (or beneficiaries), and then it will pay an additional percentage — usually 1 — 2 percent of the policy's face amount — to the charitable organization.