Sentences with phrase «death benefit amount until»

Not exact matches

Do ask yourself: If today I gave you a check in the amount of the death benefit of the life insurance policy you're considering, would you quit your job and work free for me until you die?

If the beneficiary is a minor, another option is an «interest income» payout, which makes guaranteed payments toward the interest on the death benefit for a specified time — for example, until the minor comes of age — at which point the benefit amount becomes available to that beneficiary.

A Single Premium policy is the one in which the premium amount is paid in lump sum at the beginning of the policy as a return for the death benefit which is guaranteed to be paid up until the death of the policyholder.

The policy is called «graded» because the death benefit is graded — it increases a bit for the first few years of the policy until it reaches the amount you buy — for example if you buy a $ 100,000 graded policy, the $ 100,000 won't be fully in effect until after 3 years (or two years depending on the company).

Misstatement of Age If the age of the insured is misstated and is not discovered until death of the insured, the insurance company has the contractual right to adjust the death benefit to reflect the face amount that would have been paid with the corrected age and actual premiums paid.

The death benefit amount will decrease each year until it reaches the minimum of $ 10,000.

The death benefit amount for the Member Advantage Life UL will decrease each year after the initial 20 year coverage period until it reaches the minimum of $ 10,000.

The contract terminates (at your age 100) and the insurer will either pay the cash value / death benefit amount to you or you may leave it with the insurer until your death.

What happens is, if you do use the benefit, again which is 2 % of the face value per month, your death benefit is reduced by that amount until the entire face value has been reduced to zero.

Beneficiary can be one person, like a spouse or child, or multiple people, given different percentages of the face amount until 100 % of the death benefit is accounted for.

The policy comes with a two year graded death benefit, meaning the full face amount will not be paid out until after two full years.

If the age of the insured is misstated and is not discovered until death of the insured, the insurance company has the contractual right to adjust the death benefit to reflect the face amount that would have been paid with the corrected age and actual premiums paid.

The major drawback is that the full death benefit is not available until after the policy has been in force for a given amount of time, usually one to two years.

After the time has elapsed, policy holders have the option of keeping the coverage as an annually renewable plan, which provides a level amount of death benefit until the insured turns age 98.

As the name implies, if you choose a specific income policy settlement option, you will receive an equal dollar amount of income each year until all of the proceeds from the policy's death benefit have been paid out.

Starting at just $ 2,000 (face amount), the death benefit continues to increase until doubling and leveling off at year 29.

In case of Death, the minimum death benefit is offered at 105 percent of total amount of all paid premium until the time of dDeath, the minimum death benefit is offered at 105 percent of total amount of all paid premium until the time of ddeath benefit is offered at 105 percent of total amount of all paid premium until the time of deathdeath.

Using the fixed amount settlement option, the death benefit proceeds will be given out in a fixed amount over time until both the principal and the interest have been totally paid out to the beneficiary.

The death benefit paid on death will bean amount which is higher of the chosen Sum Assured deducting any partial withdrawals made in the 2 years prior to death or the available Fund Value is paid with a minimum of 105 % of total premiums paid until the date of death

Another negative is that, for most guaranteed policies, the full death benefit will not be paid out until a certain amount of time has passed.

In these cases, a graded life insurance policy, sometimes referred to as a Guaranteed Issue Life Insurance Plan, will allow you to pay a percentage of the death benefit until you reach the full benefit amount.

A settlement option for life insurance where the death benefit is paid in a series of fixed amount installments until the proceeds and interest earned is terminated.

In such cases, the death benefit is taxable as income to the extent it exceeds the cost basis (amount paid to acquire the contract + premiums paid until the insured dies).

Do ask yourself: If today I gave you a check in the amount of the death benefit of the life insurance policy you're considering, would you quit your job and work free for me until you die?

In turn, the death benefit your policy provides will be reduced by the amount of the loan until it is repaid, with interest.

In the event of death of the Life Insured, Death Benefit will be higher of 105 % of the premiums paid until the death of the policyholder OR eleven times of the annualised premium OR guaranteed sum assured on maturity OR any assured amount that has been earlier agreed to be paid in case of death of the Life Insured, Death Benefit will be higher of 105 % of the premiums paid until the death of the policyholder OR eleven times of the annualised premium OR guaranteed sum assured on maturity OR any assured amount that has been earlier agreed to be paid in case of Death Benefit will be higher of 105 % of the premiums paid until the death of the policyholder OR eleven times of the annualised premium OR guaranteed sum assured on maturity OR any assured amount that has been earlier agreed to be paid in case of death of the policyholder OR eleven times of the annualised premium OR guaranteed sum assured on maturity OR any assured amount that has been earlier agreed to be paid in case of deathdeath

If the beneficiary is a minor, another option is an «interest income» payout, which makes guaranteed payments toward the interest on the death benefit for a specified time — for example, until the minor comes of age — at which point the benefit amount becomes available to that beneficiary.

Continuing from the previous point, Metlife Final Expense insurance policy will also have a graded death benefit which means that the death benefit will not be active until a certain amount of time after you open the policy.

Using the accumulated death benefit allows you access to the funds in advance, but remember the amount available is equal to the amount paid up until the present.

The borrowed amount is deducted from the death benefit until you have repaid it.