You can change the death
benefits during the life of the policy, usually after passing a medical examination, and you can pay premiums from your accumulated cash value.
You can also change the amount of death
benefits during the life of this policy to better reflect your needs.
Not exact matches
While it's always recommended that families meet with a financial advisor to decide what level
of life insurance protection would
benefit them the most, a supplemental
policy could act as a financial safety net, providing much needed normalcy
during a very difficult time.
A term
life insurance
policy offers coverage for a specified period
of time, meaning that if you die
during the term
of the
policy the beneficiary will receive the specified payout (also known as the death
benefit or face value
of the
policy).
Like traditional
life insurance, the death
benefit of a second - to - die
policy can ensure your beneficiaries receive a minimum amount
of money, even if savings and other retirement income is spent
during the
lives of you and your spouse.
A term
life insurance
policy offers coverage for a specified period
of time, meaning that if you die
during the term
of the
policy the beneficiary will receive the specified payout (also known as the death
benefit or face value
of the
policy).
Term
life only pays out the death
benefit if you die occurs
during the term
of the
policy.
A type
of policy that does not expire
during the
life of the insured and combines a death
benefit with a savings portion that can build cash value.
35 year old Siddharth chooses our Bharti AXA
Life Flexi Save with a
policy term
of 20 years as he wishes to receive guaranteed
benefits along with the flexibility
of withdrawing money any time
during the flexi
benefit pay - out period.
In case
of unfortunate event
of death
of the
Life Insured
during the
Policy Term, the following
benefits will be payable to the Claimant, subject to
Policy being in force.
Life insurance pays your beneficiaries a substantial cash
benefit should you die
during the term
of the
policy — essentially protecting them against the risk that you might die prematurely, placing them in financial jeopardy.
This type
of policy will pay out only a very limited
benefit during the first few years the
policy is in force, and then convert to a fully payable term
life insurance
policy for the remainder
of the term.
When you purchase a Return
of Premium (ROP)
life insurance
policy, if you die
during the term, your beneficiaries receive the death
benefit.
Cash value
life insurance is more applicable to wealth building discussions because cash value is typically used
during the
policy owner's lifetime and is forfeited upon death in lieu
of the death
benefit being paid to surviving beneficiaries.
In the event
of death
of the
Life Insured
during the
Policy Term, subject to the policy being in force, the Death Benefit payable shall be equal to the Sum Assured on
Policy Term, subject to the
policy being in force, the Death Benefit payable shall be equal to the Sum Assured on
policy being in force, the Death
Benefit payable shall be equal to the Sum Assured on death.
In case something unfortunate were to happen to Sahil
during the
Policy Term, a
Life Insurance
benefit of Rs. 7,28,970 will be paid to help support the family and fulfil their goals.
Death
Benefit: In case
of death
of the
Life Insured
during the
policy term, the sum assured on death will be paid to the nominee which is highest
of:
In case
of your unfortunate death
during the term
of your
life insurance
policy, your nominee will receive the sum assured as the death
benefit.
If you were to die
during the first few years
of the
policy, most
life insurance companies will generally issue a refund
of your premiums to your beneficiaries in lieu
of the actual death
benefit.
Although the largest
policy in the portfolio (by face value) matured
during the period, a large proportion
of the total death
benefit remains linked to a relatively small proportion
of lives.
If you own a typical permanent
life insurance
policy (lifetime coverage) and did a straight present value calculation
of the premiums you can expect to pay
during your lifetime, the total will be less than the death
benefit.
Top up for Metlife Loan and
Life Suraksha and Group Employee
Benefit Plan premiums, is an extra amount
of money that you can pay at any time
during the
policy term.
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.
All
policy types have a stated death
benefit that is paid upon the death
of the insured person and permanent
life insurance also has a cash value which can be used
during the person's lifetime.
Unlike basic term
life policies without additional
benefits, this product includes three types
of living benefits through accelerated death
benefit riders, and a premium waiver
during unemployment.2 These riders offer additional flexibility and coverage for a number
of unexpected events.
With 100 % return
of premium at any time
during the
life of the
policy and long term care
benefits to boot, the revolutionary, new Lincoln Money Guard Reserve is as exciting as it gets in the insurance world.
Corporations can also
benefit from taking out term
life policies on key team members
during M&A shifts, as part
of Buy - Sell agreements, or
during the span
of a special project.
The truth is, all Guaranteed Acceptance
Life policies have some type
of limited
benefits during the first 2 years and offer no more than $ 25,000 to $ 35,000
of coverage.
If you're not completely sure what term insurance means, then to put it simply, it is a
life insurance which solely covers death
benefits and which is only payable if you die
during the
life of the
policy.
By making the organization the beneficiary
of your
life insurance
policy, the entity will
benefit in ways that you may not have been able to make possible through the donation
of funds
during your lifetime.
When / if the primary insured dies
during the
life of the
policy than the death
benefit will be paid to the beneficiary.
There isn't enough information for me to know why the insurance was purchased on the child, but hopefully it was to protect the child's interests later in
life rather than a «
benefit» to the owner / beneficiary
of the
policy if the child dies
during their formative years.
In a nutshell, term
life insurance comes with a death
benefit only, and this is only paid if you pass
during the term
of the
policy, hence its name.
While some term
policies feature increasing or decreasing premiums and
benefits over time, these figures are fixed and won't be adjusted
during the
life of the term.
Every single no questions
life insurance
policy (this applies to every company offering this kind
of plan) will always impose a death
benefit restriction
during the first 2 - 3 years
of the
policy (it's 2 years with most companies).
This means that the
life insurance
policy purchased to fund the death portion
of the buy - sell agreement can not be transferred to the disabled owner or dropped until the end
of the installment period, because the death
benefit will be needed to complete the transaction in the event
of death
during the buyout period.
If this person dies
during the contract, the
life insurance company would pay a
benefit to the beneficiaries
of the
policy.
If you were to die
during the first few years
of the
policy, most
life insurance companies will generally issue a refund
of your premiums to your beneficiaries in lieu
of the actual death
benefit.
That extra allows you to increase the size
of your death
benefit at preset times, usually when you reach a certain age or your
policy's been in - force for X numbers
of years, or
during major
life events, like marriage or the birth
of a baby.
If the
life insured dies
during the term
of this LIC online term plan chosen by him at the starting
of the plan, the death
benefit is paid which is equal to the Sum Assured chosen by the policyholder at the time
of inception
of the
policy
This coverage provides a lump sum
benefit (up to the
policy limit) if loss
of life or limb occurs while boarding, traveling in, or disembarking from an airplane
during a covered trip.
Cost
of Living Adjustment (COLA): Individual disability income policies generally offer a cost of living rider that will increase benefits for inflation during a long - term
Living Adjustment (COLA): Individual disability income
policies generally offer a cost
of living rider that will increase benefits for inflation during a long - term
living rider that will increase
benefits for inflation
during a long - term claim.
If you were to die at any time
during the
life of your mortgage, the
policy will pay out a
benefit, but it's the lender - not your family - that's the beneficiary.
If you die
during the contestability period and your misrepresentations come to light, then the
life insurance company may cancel the
policy, refuse to pay the death
benefit, or subtract money from the death
benefit based on the amount
of premiums you should have paid.
Term
life insurance is straightforward: The
policy lasts for a set number
of years, and if you die
during that time, the death
benefit is paid out.
Death
Benefit:
During the
policy term if the unfortunate death
of the
life assured happens then the sum assured will be payable.
Provides death
benefits as well as a cash value accumulation that builds
during the
life of the
policy
Death
Benefit Options: There are four classifications for death benefit options under universal life insurance policies and these are as follow: a. Level death benefit: This only covers the amount accumulated during the length of the
Benefit Options: There are four classifications for death
benefit options under universal life insurance policies and these are as follow: a. Level death benefit: This only covers the amount accumulated during the length of the
benefit options under universal
life insurance
policies and these are as follow: a. Level death
benefit: This only covers the amount accumulated during the length of the
benefit: This only covers the amount accumulated
during the length
of the
policy.
A term
life insurance
policy offers coverage for a specified period
of time, meaning that if you die
during the term
of the
policy the beneficiary will receive the specified payout (also known as the death
benefit or face value
of the
policy).