Sentences with phrase «covers death benefits payment»

This tax - free exclusion also covers death benefits payment made under endowment contracts, worker's compensation insurance contracts, employer's group plans or accident and health insurance contracts.

Not exact matches

The cash value will be included in the death benefit payment, so as your cash value grows the insurer's commitment to cover the death benefit shrinks.

Each time you make a premium payment, a portion is put towards the cost of insurance (such as administrative fees and covering the death benefit) and the rest becomes part of the cash value.

Your beneficiaries receive a tax - free, lump - sum benefit after your death to cover living expenses, mortgage and debt payments, or anything else they need

The annual dividend may be enough to cover your annual premium, allowing you to continue to grow your policy's death benefit and cash value, without having to make a premium payment ever again.

In many cases, life insurance death benefits help beneficiaries cover funeral and burial costs, mortgage payments and day - to - day expenses.

Allows policyholders to use the death benefit payment early in the case of terminal illness to cover necessary medical costs.

Is the death benefit meant to cover a large payment like a mortgage?

The death benefit can provide income replacement, cover any major debts like a mortgage payment so your family can have a roof over their head and pay for funeral expenses.

A second to die life insurance policy, also called survivorship life insurance, covers two individuals (usually a married couple) and delays the payment of the death benefit until the second person's death.

A life insurance death benefit can cover that debt as well as funeral expenses, mortgage payments and more.

Allows policyholders to use the death benefit payment early in the case of terminal illness to cover necessary medical costs.

The plan covers against death of the policyholder only without covering the payment of any benefit up on maturity.

As an alternative, most life insurance policies can include an accelerated death benefit rider that allows for tax - free payments to cover medical care in certain «critical» circumstances.

Whether you have additional expenses such as a mortgage, car payments, and outstanding debts you would like your family to be able to cover with your life insurance death benefits.

In many cases, life insurance death benefits help beneficiaries cover funeral and burial costs, mortgage payments and day - to - day expenses.

Any life insurance death benefit you have should include be able to cover this monthly support payment.

In the event of the death of the original payor, the optional payor benefit could cover the premium payments for you.

These include Medical Payments to cover your own injuries, Auto Death Benefits for the family should the income provider be injured fatally, as well as Disability Benefit in case your injuries prevent you from earning your usual income for a period of time.

Each time you make a premium payment, a portion is put towards the cost of insurance (such as administrative fees and covering the death benefit) and the rest becomes part of the cash value.

A term life policy protects your loved ones in the event that you pass away, providing a death benefit (a payment) designed to cover immediate expenses by replacing your lost income.

This death benefit can cover funeral expenses, mortgage payments, college tuition and living expenses, depending upon the amount of the policy.

Policy benefits: • Payment is available on a weekly basis for loss of income due to accidental injury • Lump sum payments for death and permanent disabilities for accidents • Cover is available 24 hours worldwide, or can be limited to working hours

If you arrange for temporary insurance when you submit your application, you will be covered when we receive your application and payment in our office (check the details of your temporary coverage, as the benefit amount might differ from the death benefit you are applying for).

Provides an option to accelerate a portion of the available death benefit and receive a payment (s) if the insured is diagnosed with a covered illness, which may include critical, chronic, and terminal illnesses.

Accelerated Death Benefit - Provides an option to accelerate a portion of the eligible death benefit and receive a payment if the insured is diagnosed with a covered illness, which may include critical, chronic, and terminal illnesses (physician documentation is requiDeath Benefit - Provides an option to accelerate a portion of the eligible death benefit and receive a payment if the insured is diagnosed with a covered illness, which may include critical, chronic, and terminal illnesses (physician documentation is reqBenefit - Provides an option to accelerate a portion of the eligible death benefit and receive a payment if the insured is diagnosed with a covered illness, which may include critical, chronic, and terminal illnesses (physician documentation is requideath benefit and receive a payment if the insured is diagnosed with a covered illness, which may include critical, chronic, and terminal illnesses (physician documentation is reqbenefit and receive a payment if the insured is diagnosed with a covered illness, which may include critical, chronic, and terminal illnesses (physician documentation is required).

For instance, revisiting the earlier scenario, consider for a moment what happens if the insured makes ongoing premium payments — to cover both the annual insurance death benefit, and to build up the reserves to have the policy endow at $ 1,000,000 at age 100 — and then passes away after only 20 years.

Specifically, West Coast Life provides term and term - like life insurance, which provide protection for a certain period of time, universal life insurance, which provides life - long insurance but with particular premium requirements that need to be met; Survivor Life Insurance, which covers the lives of two persons who are insured, and the death benefit is given when the last of these two persons insured dies; and annuities, which are insurance contracts, which payments can be set regularly to aid in meeting the needs of people saving for their retirement.

There are a multitude of things that a life insurance death benefit can cover including funeral and burial expenses, outstanding debt life mortgage payments, income replacement for your spouse when you are no longer here, and your children's educational future.

Premium payments made for whole life insurance policies cover the cost of insurance just like with term insurance, but the premium payments are higher the same death benefit coverage.

The insurance policy will function just like a term life insurance policy because it will last a specific number of years and the whole premium payment will cover the death benefit amount.

The cash value will be included in the death benefit payment, so as your cash value grows the insurer's commitment to cover the death benefit shrinks.

An accelerated death benefit generally allows between 25 % and 95 % of the policy's face value to be paid out early, and may be collected as either a lump sum payment or increments to provide income and cover medical costs.

A pure term insurance plan that provides life Insurance cover to you by paying a lump sum benefit to your family in case of an unfortunate death.Choice of single or regular premium payments and an additional amount in case of an accidental death.

The death benefit does not change, even after the payment for Total and Permanent Disability cover.

The customer can choose out of the 3 death benefit payment options under all the 3 benefit options (Benefit Option 1: Life Cover, Benefit Option 2: Life Cover with «Basic Health Cover» and Benefit Option 3: Life Cover with «Comprehensive Healthbenefit payment options under all the 3 benefit options (Benefit Option 1: Life Cover, Benefit Option 2: Life Cover with «Basic Health Cover» and Benefit Option 3: Life Cover with «Comprehensive Healthbenefit options (Benefit Option 1: Life Cover, Benefit Option 2: Life Cover with «Basic Health Cover» and Benefit Option 3: Life Cover with «Comprehensive HealthBenefit Option 1: Life Cover, Benefit Option 2: Life Cover with «Basic Health Cover» and Benefit Option 3: Life Cover with «Comprehensive HealthBenefit Option 2: Life Cover with «Basic Health Cover» and Benefit Option 3: Life Cover with «Comprehensive HealthBenefit Option 3: Life Cover with «Comprehensive Health Cover)

His plan details are as follows: Death Benefit Option 2 (Non Smoker), Cover Amount (Base Sum Assured) = Rs. 50 lakhs, Inbuilt Accidental Death Benefit = Rs. 50 lakhs, Policy Term = 30 years, Premium Payment Term = 30 years, Annual Premium = Rs. 12, 900 (exclusive of service tax).

Someone who is looking for a term plan with a range of cover options like: a) Additional accidental death benefit or b) Increasing life cover during important milestones of life or c) Partial lumpsum payment to family members after death and remaining in monthly payments or d) Big lumpsum payment to family members after death and additional monthly payments If you also have one or more of the above listed requirements, then HDFC Life Click 2 Protect Plus plan is for you.

After you die, they will be awarded with the death benefit to cover all debts and final expenses as long as the premium payments are maintained.

This plan is different from normal «whole life insurance», however, because the death benefit is only intended to cover final expenses, and possibly a few months of mortgage payments while your relatives are still grieving your death.

Life Long Assure is a non-linked whole life plan with a cover up to age of 100 years, cash bonus starting from end of 6th year, guaranteed cash back starting from end of premium payment term and guaranteed benefit of up to 300 per cent of sum assured on maturity or death, whichever is earlier, the release said.

In case of payment of all the premiums for at least first three policy years and then premiums are not paid, the risk cover for full Death Benefit is still available for a period of one successive year (Auto Cover Continuation Period) from the due date of first unpaid Precover for full Death Benefit is still available for a period of one successive year (Auto Cover Continuation Period) from the due date of first unpaid PreCover Continuation Period) from the due date of first unpaid Premium.

Long - term illnesses such as cancer that is caused by workplace conditions are covered, and all workers» compensation policies pay out a death benefit in the event an employee is fatally injured, and lump sum payments for any permanent disfigurement.

Worker's comp covers medical payments and lost wages, as well as the unfortunate death benefit to family members.

Medical Payments coverage (MedPay), usually an optional coverage, may also come with a death benefit or may cover funeral expenses.