Sentences with phrase «death benefit amounts at»

As a result, you're getting maximum death benefit amount at the very lowest up front cost.

Not exact matches

To calculate the amount of the death benefit, Service Canada first calculates the amount that the CPP retirement pension is or would have been if the deceased was age 65 at the time of death.

If you need a large amount of coverage, simplified issue life insurance isn't ideal for you because most life insurance companies cap the death benefit at $ 100,000 (some companies offer as high as $ 500,000.)

The measure, Senate Bill 426 (Leyva), requires that, when fixed deferred annuities are issued to consumers age 65 or older, the death benefit must at least equal the annuity amount or the accumulation value.

At first glance, I thought you got a payout of 2 % to 4 % of the death benefit, (many of them have these #'s) and then the death benefit would be reduced by that amount.

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.

At that age, the 5 % stops but the death benefit amount remains in place.

The amount at risk to the carrier is always equal to the policy death benefit.

It'll have all the information you need: the name of the beneficiary, the number at which to contact the life insurance company, and the amount of the death benefit.

This amount is typically the death benefit amount that was purchased at the policy's origination.

Finally, there is no endowment age with most VUL's (the age at which the cash value equals the death benefit amount).

The insurance company is not actually paying anything extra since most policies are structured to pay the death benefit early at a specified amount.

Depending upon the type and the amount of the policy, a beneficiary will typically have several choices regarding how the death benefit from the policy will be paid — all at once, or over time from an annuity.

So, if you had a $ 500,000 death benefit and your insurer capped the amount you could accelerate at «the lesser of $ 250,000 or 75 % of the policy's face value», you could request up to $ 250,000 while still living.

This is the amount of a life insurance policy's death benefit at the time of issue.

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.

At death, the entire face amount, which is composed of the base death benefit and investment, is paid to the beneficiary tax - free.

If the loan has not been paid back at the time of death, the amount of the loan will be deducted from the death benefit amount.

If you need a large amount of coverage, simplified issue life insurance isn't ideal for you because most life insurance companies cap the death benefit at $ 100,000 (some companies offer as high as $ 500,000.)

Lump sum, where the life insurance company pays the total amount of the benefit in one single payment at the death of the insured

With it, the face amount (the death benefit) and the premium (the amount you pay for protection each year) are fixed at the time you buy your policy and stay the same even as you age.

Seg funds are simply a special kind of mutual fund with three extra features thrown in (for a fee, of course): (1) A certain amount of creditor protection, as they are considered as insurance policies (2) Downside protection in the form of a promise to return 75 % to 100 % of capital in a certain number of years, usually ten and (3) a death benefit that allows the beneficiary to redeem the fund at the purchase price in the event of death within the 10 year period.

The face amount of coverage can go up to $ 20,000, and the full death benefit will be paid out after the insured has had the policy for a period of at least three years.

Paying back these loans is optional; however, any portion of the loan that is not repaid at the time of the insured's death will decrease the amount of death benefit proceeds that are paid out to the beneficiary.

The death benefit coverage in force at December 31, 2011 (representing the amount payable if all of approximately 480,000 contractholders had submitted death claims as of that date) was approximately $ 5.4 billion.

Coverage for this type of insurance can last between 10 and 30 years, with death benefit amounts that start at $ 100,000.

The whole life insurance policy that is offered through MetLife Insurance Company provides death benefit protection that starts at $ 10,000, and there is no maximum amount.

A variable universal life insurance policy takes the best (or worst, depending on how you look at it) of the other two policies: you can adjust the premium and death benefit amount while investing the cash value in the policy's sub-accounts.

The total amount of money or «death benefit» includes the money in the deceased's super account at the time of death plus any life insurance cover through the super fund.

Death benefit A death benefit is the amount paid to the beneficiary at the time of the death of the insDeath benefit A death benefit is the amount paid to the beneficiary at the time of the death of the insdeath benefit is the amount paid to the beneficiary at the time of the death of the insdeath of the insured.

The coverage amount payable to your beneficiary at the end of your life, called your death benefit, usually has a maximum limit of around $ 25,000.

The Smithsonian Institution, which benefitted from a generous amount of his work donated to the museum after his death in 1985 at 64, may have missed the 50th anniversary of the landmark «Washington Color Painters» exhibition last year, but is making up for it with the newly opened «Gene Davis: Hot Beat» at its Smithsonian American Art Museum.

If your loved one was fatally injured at work, you may also be able to recover permanent total disability as death benefits for a period of time or in a lump sum amount.

By contacting our lawyer at Butler & Company we can explain THE EXACT AMOUNT of both funeral and death benefits immediately available to you if you provide us with some very minor details.

Where an ICBC insured at the date of death resulting from a motor vehicle accident comes within an age group set out in column A of the following Table and the insured has the status set out in column B, C or D, the amount of death benefit payable under section 92 is the amount set out below that status and opposite that age group.

If you do have a loan outstanding on such a policy at the time of your death, this loan reduces the benefit amount to a beneficiary.

Proceeds In life insurance or annuities, the net amount of death benefit payable by the company at the insured's death.

In general, the cash value in a permanent policy is designed to grow, and this growth reduces the net amount at risk in a policy, which keeps the mortality cost at reasonable levels even though the actual cost per $ 1,000 of death benefit is growing every year.

Life insurance, meanwhile, generates an estate, diminishes the financial uncertainty of passing away too soon, grants the beneficiary a specified amount at death of the policyholder in exchange for a premium which is determined by sex, age, type of insurance, amount of death benefit and health.

It is, however, important to note that if there is an unpaid balance at the time of the insured's death, the unpaid amount will be charged to the death benefit amount that is paid out to the named policy beneficiary.

I want you to multiply that amount by at least 20, to get what your target death benefit should be.

So if he dies at age 70, the beneficiary would receive a total of $ 500,000 death benefit, plus the additional cash value amount of $ 600,000.

If you need a high face amount otherwise known as your death benefit, Term life insurance will cost you the least amount of money so you can have a high face amount at a very affordable premium.

You can change the death benefit the premium you pay and the interest in the cash value account grows at an amount subject to market conditions (there is usually a guaranteed minimum though).

With it, the face amount (the death benefit) and the premium (the amount you pay for protection each year) are fixed at the time you buy your policy and stay the same even as you age.

This amount is subtracted from the total death benefit to arrive at the remaining unpaid portion of the death benefit.

The good part is if you need a high face amount otherwise known as your death benefit, Maine Term life insurance will cost you the least amount of money so you can have a high face amount at a very affordable premium which will not put your finances in jeopardy.

In many instances, the amount of the policy's death benefit will not decrease over time, and the premium is typically locked in at a guaranteed rate.

It is important to note, however, that even though a withdrawal or a loan is not required to be paid back, if there is an unpaid balance in the cash - value component of the policy at the time of the insured's death, then the amount of that balance will be charged against the death benefit that is paid out to the policy's beneficiary.

(If however, the insured remains alive for at least two more years, the beneficiary will receive the full amount of the death benefit after that).