Sentences with phrase «choosing lump sum death benefit»

Option 1 - Lump Sum Death Benefit: Upon choosing lump sum death benefit option by the nominee, she will receive a one time payment of Rs 12.75 lacs (12.75 times of annualized premium)

Option 1 - Lump sum Death Benefit: In case Mrs. Gupta chooses lump sum Death Benefit, she will get a one time payment of Rs. 12,75,000 / -(calculated as 12.75 times of one Annualised Premium)

Not exact matches

Aside from the obvious value of receiving a large amount of cash as a lump sum, there are some risks with choosing an annuity to receive the death benefit.

In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have beeBenefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have beebenefit payout option chosen, subject to policy being in force and all due premiums have been paid.

You make payments on the policy and, in return, the insurance company provides a lump - sum payment, also called a death benefit, to the beneficiaries you have chosen upon the death of the insured.

Many people are choosing this type of life insurance with long - term care rider because it provides coverage for LTC and a lump sum death benefit.

Income Protection Option: Rather than the typical lump sum payout upon death, you can choose to pay your beneficiary the death benefit a monthly income stream.

If your beneficiary is a spouse or dependant they may choose to receive your death benefit payment as a pension or a lump sum.

The nominee can choose either to receive annuity payouts from the death benefit partly or in full or withdraw the lump sum amount

Instead of receiving a lump sum of money, the beneficiary can choose to turn the death benefit into an annuity by using the lump sum to purchase the annuity, or what's called annuitization.

The policyholder may additionally choose the disability benefit option under which, in case of death or disability of the insured during the tenure of the plan, the aggregate of all future premiums is paid which can be availed immediately in lump sum or can be invested in the fund where it will attract market linked returns.

The nominee can avail the death benefit in lump sum or choose to receive the monthly Family Income Benefit of 1.5 % of the Sum Assured as and when it accrues, i.e. following the date of death of the insured till the end of the benefit in lump sum or choose to receive the monthly Family Income Benefit of 1.5 % of the Sum Assured as and when it accrues, i.e. following the date of death of the insured till the end of the Benefit of 1.5 % of the Sum Assured as and when it accrues, i.e. following the date of death of the insured till the end of the tenure.

You may also choose a policy with a guaranteed death benefit, which means your family is guaranteed to receive a lump sum of money in the event of your passing.

Rather than the life insurance company pay the normal lump sum death benefit, with the IPO you choose how much and for how long your beneficiary receives monthly or annual payments.

It pays out death benefits only but it goes to your chosen beneficiary as a lump sum payment and is usually tax - free.

Some companies will allow you to choose a special election to pay your policy out over a series of years, rather than a lump sum death benefit.

As the policyholder, you can choose whether your beneficiaries receive the death benefit as a single lump - sum payment or a monthly payout over a period of 5 to 25 years.

Extra Life Income Option: An extension to the income option, benefits include lump - sum payout in case of death due to accident & regular monthly income (level or increasing) chosen at the time of inception.

Another endorsement — the Income Protection Option (IPO)-- will allow the policy owner to choose a specific form of payout for the policy's death benefit, including either a lump sum at various times or monthly payments to the beneficiary, at the time of policy issue.

As per this option, the policyholder can choose the proportion of death benefit sum assured to be received as lump sum and the rest of the sum assured will be paid as regular income.

Many people are choosing this type of life insurance with long - term care rider because it provides coverage for LTC and a lump sum death benefit.

Income Protection Option: Rather than the typical lump sum payout upon death, you can choose to pay your beneficiary the death benefit a monthly income stream.

Edelweiss Tokio Life - MyLife +: A non-participating, non-linked Term Insurance plan which offers the flexibility to choose the death benefit as a lump sum or monthly payout or a mixture of both.

On death, the benefit amount will be paid depending on the pay out option chosen (lump sum or regular income or both)

Death benefit is paid as lump sum, regular income or as lump sum plus regular income, as per the option chosen at the time of purchase.

In case of death post the first 5 years, the chosen Sum Assured under the LIC pension plan including the accumulated Guaranteed Additions, Simple Reversionary Bonuses and Final Additional Bonus, if any till the date of death is payable to the nominee who can avail the death benefit whether in lump sum or annuity or partly in lump sum and partly in annuity depending on his choice

In case, any of the mentioned Critical Illness occurs, the Benefit is paid to you as a Lump sum amount, as selected during the inception, heedless of the death benefit payout option you choose, subject to the policy being in function and the payment is made for all the due paBenefit is paid to you as a Lump sum amount, as selected during the inception, heedless of the death benefit payout option you choose, subject to the policy being in function and the payment is made for all the due pabenefit payout option you choose, subject to the policy being in function and the payment is made for all the due payments.

The nominee can choose to take 100 % of the death benefit in lump sum or 50 % in lump sum and 60 % in instalments under the Family Income Benefitbenefit in lump sum or 50 % in lump sum and 60 % in instalments under the Family Income BenefitBenefit option

Option 1 — The first option for the nominee is that they get to choose Lump - sum Death Benefit.

The death benefit can be availed either as a lump sum benefit where the chosen Sum Assured is paid or as a monthly income benefit where a percentage of the Sum Assured is paid every month for a pre-determined period post the death of the life insured

Step 2 — then the policyholder chooses whether he wants the death benefit in one lump sum, as monthly incomes or partly in lump sum and partly in monthly incomes.

The policyholder can choose to take the death benefit in lump sum, in monthly instalments or in a combination of both.

Death benefit will be paid in a lump sum unless the policyholder chooses one of the following settlement options:

Once these two years have passed, the full lump sum death benefit amount will go to your chosen beneficiary regardless of the cause of death.

The policyholder has the option to choose the proportion of death benefit as a lump sum, subject to a minimum of 1 % and maximum of 99 %.

For example, on a death benefit of $ 100,000, if your beneficiary chooses to take the death benefit in the form of monthly installments of $ 1,000 over a 10 year period instead of a lump sum, the amount above the $ 100,000 life insurance proceeds will be taxed.

Under the Settlement option, you can choose to receive the maturity or death benefit in installments over a few years instead of a lump sum.

In case the nominee does not want a lump sum amount of the death benefit, s / he can choose to receive income benefit by receiving the amount in monthly instalments for a period of 10 years since the date of life insured's death.

Choose between two Death Benefits; one that provides your family with a fixed Monthly income for 15 years, whereas the other offers your family a 50 % lump sum of the Sum Assured at Claim intimation and the remaining amount is paid out on an annual basis in increasing instalments over a period of 10 years.

You can choose to receive the death benefit (for nominee) or maturity benefit in installments instead of lump sum.

In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have beeBenefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have beebenefit payout option chosen, subject to policy being in force and all due premiums have been paid.

His life cover is a Sum Assured of Rs. 1 crore and he chooses the lump sum plus monthly income death benefit payout option.

Upon choosing death benefit option II, 50 % of Death Benefit as an immediate lump sum on Death i.e. Rs 2,14death benefit option II, 50 % of Death Benefit as an immediate lump sum on Death i.e. Rs 2,benefit option II, 50 % of Death Benefit as an immediate lump sum on Death i.e. Rs 2,14Death Benefit as an immediate lump sum on Death i.e. Rs 2,Benefit as an immediate lump sum on Death i.e. Rs 2,14Death i.e. Rs 2,14,372.

This plan provides the option to choose the death benefit as lump - sum payout plus the monthly income benefit to your family so they can easily meet their day to day expenses.