Sentences with phrase «cumulative premiums paid»

Death Benefit (higher of the Fund value * or 105 % of the cumulative premiums paid) with Max Life Partner Care Rider: @ 4 % is Rs. 23,94.687 ** and @ 8 % is Rs. 26,65,400 **

Scenario B: Rahul dies within the Policy Term In the event of death of Rahul, the Death Benefit payable is the higher of Fund Value or 105 % of the cumulative premiums paid.

In the event of death of the life insured, the Death Benefit payable is higher of Fund Value or 105 % of the cumulative premiums paid (including top - up premiums).

Annual Guaranteed Additions is 10 % on cumulative Premiums paid.

A comprehensive savings plan that not only protects your family, but also helps you meet your financial goals with guaranteed additions of up to 10 % p.a. of cumulative premiums paid year - after - year.

Guaranteed Additions accrue @ 5.5 % or 6 % of the cumulative premiums paid depending on the premium range

At the end of the level premium period, the cash value of the in - force policy equals the total of cumulative premiums paid, less any charges for substandard ratings and riders.

A comprehensive savings plan that not only protects your family, but also helps you meet your financial goals with guaranteed additions of up to 10 % p.a. of cumulative premiums paid year - after - year.

Return of premium life insurance gives you all the benefits of a traditional term life insurance policy, plus the additional benefit of having all of your cumulative premiums paid back to you at the end of the policy

Unlike regular term policies, return of premium term life insurance rewards you for keeping the policy by giving a guaranteed return of your total cumulative premium paid on the policy during the level term period, not including substandard (extra charges for health) and rider charges (extra benefits such as disability coverage), if any, which will be paid to the policy owner at the end of the level term period if the policy is then in force.

Not exact matches

An option / rider that refunds premiums paid into an annuity less cumulative income payments made, upon the death of the annuitant.

Even if your policy's cash value is zero, your coverage will continue as long as the total amount of premiums paid has met the cumulative minimum required premium test.

Death Benefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments received.

For DIAs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments received.

For SPIAs with death benefit riders, a benefit would be due to a beneficiary if the cumulative income payments made are less than the initial premium paid.

No Lapse Guarantee1 The policy is guaranteed to remain in force during the first five policy years if the total premium paid (less withdrawals and indebtedness) is at least equal to the cumulative monthly no lapse premium required.

If the policy is surrendered or canceled before death, any loans received above the cumulative value of premiums paid will be subject to tax as growth on investment.

GSV = GSV Factor * cumulative annual premiums paid including the GSV of Simple Annual Reversionary bonuses

Whole life premiums are much higher than term insurance premiums, but because term insurance premiums rise with increasing age of the insured, the cumulative value of all premiums paid under whole and term policies are roughly equal if the policy continues to average life expectancy.

Charlie has a $ 500,000 whole life insurance policy with an $ 80,000 cash value, into which he has paid $ 65,000 of cumulative premiums over the years.

Should the policy holder survive the entire term of the policy, this «return of premium» product will offer cash back in an amount that is equal to all of the cumulative base premiums that were paid into the policy at the end of the set policy term.

All these factors are the result of the cumulative analysis of your actual coverage requirement and also the amount you can spend to pay for your term life insurance premiums.

Guaranteed Additions are applied to the cumulative basic premiums paid and payable on simple rate @ 5.5 % or 6 %.

It is calculated as 5 % of cumulative premium (excluding rider premium) paid till that policy anniversary.

Starts paying an annual base premium of «20,000 and receives «2000 as guaranteed additions (10 % of cumulative base premium)