Sentences with phrase «death benefit amounts when»

The highest monthly recorded value becomes the death benefit amount when you die, even if the market value is currently less.

It will simply be subtracted from your total death benefit amount when you die.

This feature is an accelerated death benefit endorsement (or an ADBE) which allows the insured to push for a portion of their death benefit amount when they suffer a debilitation which impairs their ability to accomplish their daily routines.

Not exact matches

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.

When you comparison shop, the death benefit amount that your loved ones would receive and the cost of the policy are the most important factors to consider.

You'll want a death benefit amount, which, when invested, will provide income annually to cover this amount.

Optional death benefits are available for an additional fee and offer the potential to increase the amount of money you provide when the time comes.

The death benefit face amount is guaranteed when the insured dies.

Whole life insurance will pay out a set amount of money to your beneficiaries when you die, called a «death benefit.»

When purchasing life insurance coverage, it is important to determine what type of policy — as well as how much in death benefit (face amount)-- will be right for you and your survivors.

If you have an outstanding loan on your whole life insurance policy when you die, the death benefit that is paid out to your beneficiary (or beneficiaries) will be reduced by the unpaid amount of..

When your beneficiaries are paid a death benefit amount, the full amount is theirs to keep.

When the death benefit payments received exceed the stated amount, income taxes accrue as these payments are received.

A PerspectiveSM variable annuity includes a standard death benefit and the option to choose one of our enhanced benefits that for an additonal fee offers the potential to increase the amount of money you provide when the time comes.

In return for a premium payment, an insurance company will pay out a stated amount of tax - free death benefit to a named beneficiary — assuming, of course, the policy is in - force when the insured passes away.

When the individual dies, the employer receives a portion of the death benefit equal to the amount paid in premiums.

An anti-detriment payment is an additional lump sum amount that may be paid to an eligible dependant when a lump sum death benefit is paid.

If you had the same amount in cash value in IUL life insurance, which you could take the money any time, and there may be a fee, when you will leave this world, the law in California states the death benefits must be more than the cash value.

When you comparison shop, the death benefit amount that your loved ones would receive and the cost of the policy are the most important factors to consider.

If there are any loans against the life policy, then these amounts will reduce the face value of the death benefit when the insured passes away.

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.

When you are trying to figure out what you will receive in terms of face value for the policy, the face value is the amount of the death benefit provided.

You could outlive your policy when you still need the coverage.The good part is if you need a high face amount otherwise known as your death benefit.

When you purchase life insurance, you pay a premium to the life insurance company with the understanding that they agree to pay the face amount or death benefit to the beneficiary you have named.

The interest income option is when the insurance carrier keeps the death benefit and pays a defined interest amount on the principal accruing daily, monthly, depending on their rules, paid out monthly or typically quarterly.

Then you can spend the rest of your money as you like knowing that a certain amount will be passed along no matter how long you live when you pass away through the life insurance death benefit.

With the whole life insurance policy through Colonial Penn, the full amount of the death benefit will be paid out to a named beneficiary (or multiple named beneficiaries), regardless of when death occurs.

When clients use some of their assets to purchase a life insurance policy, they secure a death benefit amount higher than the amount of premiums paid right away.

However, the tax laws dictate that the death benefit from your life insurance policy gets added into the rest of your estate when calculating your estate's value and the amount of estate tax you owe.

When you initially are enrolled in SGLI, you are covered for the plan's maximum death benefit amount of $ 400,000, which costs around $ 26 every month taken directly from your paycheck.

The death benefit of a life insurance policy which is the amount the beneficiary receives when the insured person dies.

How Policy Length, Death Benefit amount should be considered when clients are young and healthy.

When the death benefit is paid, the amount is reduced by any cash you have borrowed.

However, once the plan has been in force for a certain number of years, the beneficiary will be eligible to receive the entire amount of the death benefit when the insured passes away.

Much like term insurance, you can buy a policy with a death benefit equal to your home loan (or any other amount), and when you die, the proceeds go to your beneficiaries to use any way they want.

When the policyholder dies, his or her beneficiaries will still receive the death benefit, but it will be reduced by the amount already used for medical care.

Whole life insurance will pay out a set amount of money to your beneficiaries when you die, called a «death benefit.»

Normally, when the policyholder dies, the death benefit is paid to the beneficiaries as a tax - free, lump - sum amount (or, sometimes, a series of payments) and that's the end of the transaction.

It includes a death benefit, with no investment attached, and when the amount of time you've purchased the policy for (you can buy 1 year, 10 years, 20 or 30 years) lapses, your coverage ends.

Many people buy term coverage when they're in their 20s because it seems more affordable when compared to a cash value life insurance policy with the same death benefit amount.

If you have an outstanding loan on your whole life insurance policy when you die, the death benefit that is paid out to your beneficiary (or beneficiaries) will be reduced by the unpaid amount of..

The face amount of the policy is the initial amount that the policy will pay at the death of the insured or when the policy matures, although the actual death benefit can provide for greater or lesser than the face amount.

When you buy a universal life policy, if you choose a level death benefit, the insurance company uses your cash value to reduce the amount of risk it takes on your life.

Death benefit is the amount of money those you designate as beneficiaries will receive when you die.

In the next 20 years or so, you would pay in the neighborhood of $ 175,000 or more in premiums to keep that $ 75,000 death benefit to age 95 I assume when you say «the yearly premiums are getting expensive» you mean the same amount you've been paying all these years is now a much larger percentage of your monthly / annual income.

This is the amount of money your beneficiary will receive when you pass away which is referred to as the death benefit.

Typically a universal life policy will have two options for the death benefit payout which are option A and option B. Option A is your normal fixed death benefit payout without any cash value, usually this is the amount of coverage you got when you first bought the policy.

A death benefit is the amount of money your beneficiaries will receive when you pass away.

The amount of death benefit you are able to purchase compared to the premium you pay is much lower when compared to term life insurance.

When she called to get the loan and discussed the consequences with her financial advisor, she found out that she could borrow the money, but that the amount might reduce the amount of her death benefit.