Sentences with phrase «death benefit amounts per»

For a chronic illness claim, the minimum accelerated death benefit amount per election, except the final election, is 5 % of the death benefit on the initial election date or $ 50,000, whichever is less.

Not exact matches

In the event of multiple Accidental deaths per account arising from any one Accident, the Company's liability for all such Losses will be subject to a maximum limit of insurance equal to two times the Benefit Amount for loss of life.

if someone had $ 1,000 per month to spend on life insurance, if the entire amount is applied to the base premium, this would purchase a larger death benefit.

Originating in 1935 after the New Deal, the United States Social Security system is a type of insurance program where employees and their employers contribute an amount per paycheck so that they are guaranteed benefits in retirement when they lose their ability to work due to disability, or after the death of a family member.

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.

Thus, even though the cost per $ 1,000 of death benefit rises, the total amount of death benefit you purchase decreases.

Term insurance is the least expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis over a specific period of time.

This means that if you die within the first two years after being issued a policy issue, your death benefit will be limited to your amount of premiums plus 12 % per year.

If you die within the first two years after policy was issued, your death benefit will be limited to your amount of premiums plus 12 % per year, unless you die accidently in the first 2 years you will receive the full death benefit.

The PMJJBY is targeted towards the age group of 18 - 50 years wherein one can avail death benefits by paying a premium amount that is as low as Rs 330 per annum.

Term insurance is also the least expensive way to purchase a substantial death benefit on a coverage amount per premium.

Policy Charge $ 10 - $ 20 per month on a current basis (depends on death benefit amount Orange Pass current basis: $ 20 per month Guaranteed to not exceed $ 30 per month

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.

In other words, the 50 - year - old male who purchased his $ 100,000 policy for $ 1248 could double the amount of coverage to $ 200,000 total death benefit for just $ 1351 per year and the full $ 200,000 would pay out in the event that he were to die from an accidental death.

This is the same amount as the policy's lost income benefit limits (up to $ 900 per month) for one year following the death of the insured person.

What this means is if death is to occur within the first two years after policy issue, your death benefit will be limited to your amount of premiums plus 12 % per year, unless in the first 2 years death is accidental, in which case if pays out the full death benefit.

Maturity Benefit No amount is payable on maturity 1) Reducing Cover - The death benefit will be as per the monthly loan schedule stated at inception of the member coBenefit No amount is payable on maturity 1) Reducing Cover - The death benefit will be as per the monthly loan schedule stated at inception of the member cobenefit will be as per the monthly loan schedule stated at inception of the member contract.

These amounts may differ but generally up to $ 100,000 of cash value is protected and up to $ 300,000 of death benefit payments per person.

For example, a 40 - year - old male who makes $ 100,000 per year can usually qualify for a death benefit in the amount of twenty - five times their income ($ 2,500,000).

The death benefit is higher of the following: 1) the maturity amount, or 2) 10times the annual premium, 3) 7 times the annual premium (as per age).

if someone had $ 1,000 per month to spend on life insurance, if the entire amount is applied to the base premium, this would purchase a larger death benefit.

Death Benefit: In case of your death during the policy tenure, your family will get the pension amount as per the annuity seleDeath Benefit: In case of your death during the policy tenure, your family will get the pension amount as per the annuity seledeath during the policy tenure, your family will get the pension amount as per the annuity selected.

As per the accidental death benefit rider, the death of the person due to accident offers the double of the assured amount.

o Death Benefit LumpSum + Increasing Monthly Income Option: In case of death of the life insured, this plan pays 50 % of the death sum assured as a lump sum and the balance amount is then paid as increasing monthly installments (@ 12 % per annum at the simple rate of interest) for a period of 10 yDeath Benefit LumpSum + Increasing Monthly Income Option: In case of death of the life insured, this plan pays 50 % of the death sum assured as a lump sum and the balance amount is then paid as increasing monthly installments (@ 12 % per annum at the simple rate of interest) for a period of 10 ydeath of the life insured, this plan pays 50 % of the death sum assured as a lump sum and the balance amount is then paid as increasing monthly installments (@ 12 % per annum at the simple rate of interest) for a period of 10 ydeath sum assured as a lump sum and the balance amount is then paid as increasing monthly installments (@ 12 % per annum at the simple rate of interest) for a period of 10 years.

With the amount of money that you will save on the term policy versus the whole life policy, you can purchase a term policy with a $ 1 million death benefit with a premium of about $ 2,000 per year.

For example, if you can afford $ 1,000 per year for life insurance premiums, that amount may enable you to purchase a whole life policy with a 100,000 death benefit.

The benefit (amount) that a designated beneficiary / nominee is eligible to receive, as per the insurance Policy, upon the death of the life assured.

Remaining Death Benefit amount will be paid as an annual income for next 10 years, with each installment equal to 12.94 % of 50 % of total Death Benefit, i.e. Rs 27,740 per annum.

For non-single products with a term of 10 years or more, the minimum death benefit would either be ten times the annualised premium or 105 per cent of all premiums paid on the date of death or the least guaranteed sum assured on maturity or any absolute amount assured to be paid on death (for non-par products for those below 45 years), whichever is the highest.

The amount will be paid as per the death benefit payment mode (discussed below) chosen and the policy will be terminated.

As per available information, this plan provides 10 times of single premium amount as Sum assured on death (as death benefit), so maturity proceeds (Normal sum assured + LA) are tax - free.