So, if beneficiaries are counting on
a certain amount of death benefit proceeds, it may be essential to repay any cash value that is borrowed or withdrawn from the policy.
It may be to pay the least amount of premium for
a certain amount of death benefit, or your goal may be to own a policy that pays the highest return.
Term life insurance is considered to be the most basic form of coverage, providing
a certain amount of death benefit in exchange for a premium payment.
Term life insurance is considered to be the most basic form of coverage, providing
a certain amount of death benefit in exchange for a premium payment.
One thing that seniors might consider is a single premium option which is a lump sum payment into a policy in return for
a certain amount of death benefit.
you pay a monthly premium to the company, and in exchange the company agrees to pay
a certain amount of death benefits to your chosen beneficiaries.
Not exact matches
With universal policies (universal life and variable universal life) you can reduce or increase the
amount of the
death benefit and vary the
amount or timing
of premium payments, subject to
certain limitations.
Seg funds are simply a special kind
of mutual fund with three extra features thrown in (for a fee,
of course): (1) A
certain amount of creditor protection, as they are considered as insurance policies (2) Downside protection in the form
of a promise to return 75 % to 100 %
of capital in a
certain number
of years, usually ten and (3) a
death benefit that allows the beneficiary to redeem the fund at the purchase price in the event
of death within the 10 year period.
Typically, a universal life insurance policy holder may adjust — within
certain limits — the
death benefit amount, as well as the timing and the
amount of their premium.
Universal life provides a
death benefit, and cash value build up, however, these policies are more flexible than whole life, as the policyholder may (within
certain guidelines) alter the timing and the
amount of the premium payment.
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 certain
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 certa
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 certain
death benefit equal to the face amount of the policy if the insured dies as a result of an accident prior to a certa
benefit equal to the face
amount of the policy if the insured dies as a result
of an accident prior to a
certain age.
These policies are more flexible than whole life, however, as the policyholder — within
certain guidelines — may choose the
amount of premium that goes towards the
death benefit and the
amount that goes into the cash value.
Then you can spend the rest
of your money as you like knowing that a
certain amount will be passed along no matter how long you live when you pass away through the life insurance
death benefit.
Life insurance is a type
of insurance in which you pay a
certain amount (premium payments) to a life insurance company and in exchange they agree to pay a lump - sum payment (the
death benefit) to your beneficiaries upon your
death.
However, once the plan has been in force for a
certain number
of years, the beneficiary will be eligible to receive the entire
amount of the
death benefit when the insured passes away.
Typically, a universal life insurance policy holder is allowed to change — within
certain limits — the
death benefit, as well as the timing and the
amount of their premium.
Their term life provides protection for a
certain amount of time plus a cash
benefit upon
death while their permanent life insurance package provides long - term protection but a higher initial premium.
Oftentimes the accelerated
death benefit is automatically included on
certain types
of life insurance policies for free or for just a small
amount of additional premium payment.
The annuity would provide lifetime (or a
certain yearly
amount)
of future payments, but would have no value at
death while the life policy would immediately create a sizable
death benefit providing tax - free proceeds to children or a spouse at passing.
The only problem with these types
of life insurance policies is that they will also contain a «graded
death benefit» which will state that the insured must stay alive for a
certain amount of time (typically 2 - 3 years) prior to their policy covering «natural» causes
of death.
This is a clause that states that should the insured (meaning you) die from NATURAL CAUSES during a
certain period
of time immediately after purchasing your life insurance policy (typically 2 to 3 years), the life insurance policy will not pay the
death benefit (the insurance coverage
amount).
In addition, the
amount of premium dollars that go into the
death benefit, as well as that go into the cash component, can be altered (within
certain limits) by the policyholder.
It promises to pay a
certain amount as
death benefit but deprives you from deriving the advantages
of stock market investment.
After a
certain amount of time, stipulated in the policy, the accumulated cash can be used for loans or other purposes while you are living, or can be an increased
death benefit to your beneficiaries.
In doing so, the policy holder may change — within
certain stated limits — the
amount of death benefit proceeds.
For example, if a physician determines you have less than 12 months to live, you may be able to get up to 75 %
of the
death benefit, up to a
certain maximum dollar
amount.
A graded
death benefit life insurance policy will pay out only a
certain percentage
of the stated policy
death benefit amount if the insured dies within the first 1 to 3 years after initially purchasing the policy.
These plans provide
death benefit protection and a cash value component, but they are considered to be more flexible, as the policy holder (within
certain guidelines) may be able to change the frequency and the
amount of the premium.
A guaranteed
death benefit is a clause, within the insurance policy, that will typically state that your new life insurance policy will need to be «INFORCE» for a
certain amount of time prior to covering NATURAL causes
of death.
Whole life insurance is structured so that the contract is guaranteed to provide a
certain minimum
amount of cash value as well as a
death benefit.
Policy holders can also set the
amount of their
death benefit — within
certain guidelines — when the policy is in force.
The Sage insurance provides options for ten years, 15 years and 20 years, with a level
amount of death benefit up through age 95 (with
certain qualifications).
One reason for this is because the insured on a universal life policy can, within
certain guidelines, allocate the
amount of his or her premium that will go towards the
death benefit and the
amount that will go towards the cash value portion.
This is because the policyholder can — within
certain guidelines — change the timing
of when their premium is due, as well as the
amount of money that goes towards the policy's cash component and its
death benefit component.
This does not expire when the policyholder reaches a
certain age; and that allows the policyholder to adjust the
amount and timing
of premium payments and the
amount of the
death benefit while the policy is in force.
The flexibility comes in that the policyholder is allowed to change — within
certain guidelines — the
death benefit, as well as the timing and the
amount of the policy's premium payment.
Guaranteed
Death Benefit — Your loved ones will receive a
certain amount of money, guaranteed.
A graded
death benefit means that if the person insured dies within a
certain period
of time, the beneficiaries do not get the full
death benefit amount.
However, the
amount of the
death benefit can not fall below a
certain guaranteed minimum
amount of coverage.
However,
certain decisions like the kind
of life insurance policy to buy, the
amount of death benefit and the premium you pay for your policy might be complex.
The guaranty association
of Indiana will pay policyholders beneficiaries their
death benefit up to a
certain amount and additionally, life insurance policies will continue should a life insurance company not be able to be financially responsible.
I know that if I live to be 99, I will have paid a
certain amount to the insurance company for a
death benefit of AT LEAST a
certain amount, and I know that I will not have paid more in than I get out (I am dealing with my dad's whole life insurance policies that he has where he would have to pay more for the premium to keep the policy going than the
death benefit is worth [he would end up paying $ 250K in premiums for a $ 175K
death benefit if he lived long enough]-RRB-.
However, after a
certain amount of time has passed, such as two or three years
of policy ownership, the beneficiary would be eligible to receive all
of the stated
death benefit upon the insured's passing.
Life insurance rates vary significantly between companies and depending on your current age, health, risk profile, term period, and
death benefit amount,
certain types
of life insurance might be more affordable.
Generally, a universal life policy provides flexibility by allowing the policy owner to change the
death benefit at
certain times, or to vary the
amount or timing
of premium payments.
As an example, in some cases, if the insured dies within just the first year or two, the policy's beneficiary may only receive a
certain percentage
of the total stated
death benefit amount.
Another negative is that, for most guaranteed policies, the full
death benefit will not be paid out until a
certain amount of time has passed.
You pay a premium for a
certain amount of «
death benefits» (lets say $ 1 Million dollars for example) that will be returned to your «beneficiaries» (those whom you choose to receive your
benefits upon your
death) for insurance coverage you place on your life.
If you decide to spend a
certain amount of money on life insurance you will get considerable more
death benefit if you buy a term policy.
If you pick this type
of life insurance policy, you are agreeing to pay a
certain amount in premiums on a regular basis for a specific
death benefit.