Sentences with phrase «benefits during the life of this policy»

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).