Sentences with phrase «certain death benefit amount»

But in some instances, it might be cheaper to buy life insurance at a certain death benefit amount for price breaks and list the amount above the principal loan amount to family.

Most companies perform medical underwriting on applications that exceed a certain death benefits amount.

Not exact matches

Under either option, a higher death benefit may apply if the value in the Policy Account reaches a certain level relative to the Face Amount.

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.

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.

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.

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.

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 certainDeath 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 certaindeath 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.

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.

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.

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.

The death benefit component will usually be structured with a guarantee to never go below a certain amount.

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.

The minimum death benefit is established when you purchase the policy, but if the policy's account value grows beyond a certain amount, then the death benefit can go up as well.

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.

It's simply the insurance company promising that after so many payments at a certain amount, they will guarantee a death benefit.

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.

In other words, you get some access to the death benefit amount if you meet certain requirements.

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.

The death benefit amount starts at $ 100,000 and can go to $ 65 million, within certain guidelines.

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.

These riders simply guarantee a yearly increase in the annuity death benefit amount each year for a certain time period.

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.

You can reduce or increase your death benefit, and also pay your premiums at any time and in any amount (subject to certain limits) after you've made your first premium payment.

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-.