Sentences with phrase «benefits upon the death of the policyholder»

A beneficiary is a person or entity entitles to receive claim amount and other benefits upon the death of the policyholder.

It only pays benefits upon the death of the policyholder.

Not exact matches

However, these days only a handful of insurers offer LTC insurance, so another option may be life insurance with an LTC rider, which allows families to tap into the benefits they would receive upon the policyholder's death while he or she is alive and requires care.

Life insurance pays a lump sum of cash (called a «death benefit») to the beneficiary upon the policyholder's death.

Upon the policyholder's death, usually the insurer pays the face value of the death benefits for whole life insurance policies.

Death benefit The money paid out upon the event of the policyholder.

Death benefits are the way in which annuities and life insurance policies compensate those close to or dependent upon the deceased policyholder for the costs associated with death (e.g. funeral expenses) and potential loss of inDeath benefits are the way in which annuities and life insurance policies compensate those close to or dependent upon the deceased policyholder for the costs associated with death (e.g. funeral expenses) and potential loss of indeath (e.g. funeral expenses) and potential loss of income.

Term life insurance, for example, provides a straight death benefit, payable upon the death of the policyholder.

A death benefit is a payment to the beneficiary on an annuity, pension, or life insurance policy upon the death of the annuitant or policyholder.

One thing in common present in their policies is the opportunity that they afford the policyholders to either accumulate cash, and / or the provision for a death benefit that the family of the policy can receive upon death of the policyholder.

Death benefit The money paid out upon the event of the policyholder.

Under the Kotak Accidental Death Benefit rider, a lump sum benefit is given to the nominee upon the accidental death of the policyhoDeath Benefit rider, a lump sum benefit is given to the nominee upon the accidental death of the policyBenefit rider, a lump sum benefit is given to the nominee upon the accidental death of the policybenefit is given to the nominee upon the accidental death of the policyhodeath of the policyholder.

Life insurance is a protection that is offered for the family of the policyholder — upon the death of the insured, the agreement requires that the insurance company stands by the stipulations of the contract and provides the benefits of the plan to the family of the deceased.

In some cases, policyholders have a choice as to how the benefits are paid; they may receive either a lump - sum or periodic payments, depending upon the type of claim and benefit, but they are still entitled to any remaining cash value and death benefit in the policy.

Graded policies provide limited coverage for the first few years, with each subsequent year providing increased coverage until the policy reaches maturity, at which point it will pay out 100 percent of death benefits upon the policyholder's death.

Life insurance provides no direct benefit to the policyholder, since it is only paid out upon the death of the policyholder.

In consideration of nominal premium amount, it provides a death benefit in the form of guaranteed Sum Assured to the dependants upon the demise of the policyholder during the policy tenure.

Depending on the type of plan, an endowment plan can act as an investment for the policyholder's own use or can benefit the beneficiaries upon the unfortunate death of the policyholder.

Death Benefit: Upon the death of a single pay policyholder, Highest of 125 % of single premium or sum assured or absolute sum assured will be payable to the nomDeath Benefit: Upon the death of a single pay policyholder, Highest of 125 % of single premium or sum assured or absolute sum assured will be payable to the nomdeath of a single pay policyholder, Highest of 125 % of single premium or sum assured or absolute sum assured will be payable to the nominee.

on life insurance policies release a sizable chunk of the policy's death benefit to the policyholder while he / she is still alive, allowing the usage of the death benefit funds on valid diagnosis of one of the critical or terminal illnesses stated in the policy.These riders» critical / terminal illness payout is tax - exempt, and beneficiaries also receive the left over face value, untaxed, upon the policyholder's passing.

The benefits are paid out, to the policyholders or nominees, in the form of sum assured and vested bonuses, if any, upon death of maturity.

Term insurance plan pays out the benefit to the nominee upon the death of the policyholder who in most cases is the breadwinner in the family.

The premium payable amount of the Jeevan Sangam Plan depends upon the age of the policyholder, the maturity sum assured amount selected and needs which change from time to time The plan is also providing a death benefit that would be ten times of the tabular single premium along with some loyalty addition.

The policyholder pays a regular premium, and upon their death, the survivor receives a monthly income for life, instead of a lump sum death benefit.

Term life insurance pays out a lump sum of cash («death benefit») to the beneficiary upon the death of the policyholder.

When you think of life insurance, you think of a death benefit being paid to a beneficiary upon the death of a policyholder.

If the policyholder elects not to have the benefit paid out immediately upon his death but instead held by the insurance company for a given period of time, the beneficiary may have to pay taxes on the interest generated during that period.

Life insurance is a contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured.

In case the Life Insured is found to be suffering from a disease that is likely to lead to the Death of the Life Insured within 6 months of diagnosis in the opinion of a Registered Medical Practitioner and the concurrence of Company's appointed doctor, the Company will advance 50 % of the Guaranteed Maturity Sum Assured (up to maximum of Rs. 10 Lakhs across all policies which provide this benefit) immediately upon Policyholder's request.

A term life insurance policy provides death benefits upon the passing of the insured, if that policyholder dies within a specified term.

You receive the maturity benefit with bonus upon the maturity of the policy and your child receive the death benefit in case of death of the policyholder.

Upon commencement of the risk cover, the death benefit payable is same as applicable for policyholder with entry age 5 years and above.