Sentences with phrase «counted against the death benefit»

(It is important to note, though, that any un-repaid portion of the cash will be counted against the death benefit to the beneficiary).

It is important to keep in mind, though, that the amount of cash that is taken as living benefits will be counted against the death benefit that is eventually paid out to the beneficiary.

Not exact matches

While is it not required that these funds are paid back, it's important to note any un-repaid balance in this account will count against the amount of the death benefit that is paid out to the named beneficiary at the time of the insured's death.

Unpaid policy loans and accrued interest count against your total death benefit or surrender value at the time of claim or termination of the policy.