Sentences with phrase «death benefit amounts without»

But there's a twist: the policyholders of universal life policies can change the premium and death benefit amounts without getting a new policy.

But there's a twist: the policyholders of universal life policies can change the premium and death benefit amounts without getting a new policy.

Not exact matches

The amount of the death benefit is called coverage, and the amount of coverage you need depends on your financial situation and the amount your beneficiaries need to survive without you.

So, if your financial situation changes over time and you want a greater amount of coverage, you would be able to increase your policy's death benefit without demonstrating your insurability.

With permanent life insurance, you can access accumulated cash value to cover retirement expenses without generally having to pay any tax on the distribution, although it does reduce the cash value and death benefit amounts.

This means that in many cases the full amount of death benefit will be paid upon the death of the insured without a waiting period.

The Commissioner has become aware that industry participants have inferred that subsection 307 - 5 (3) provides a mechanism for the spouse of a deceased member to roll over a death benefit income stream and retain the amounts as their own superannuation interest without the need to immediately cash - out that benefit.

Oftentimes, because the applicants for burial insurance are older — and therefore, are also more prone to adverse health conditions — these policies will trade off the lower amount of death benefit with the ability to qualify for coverage without taking a medical exam.

The term «death benefit» means the amount payable by reason of the death of the insured (determined without regard to any qualified additional benefits).

The amount of the death benefit is called coverage, and the amount of coverage you need depends on your financial situation and the amount your beneficiaries need to survive without you.

As permanent policies, they afford the flexibility to vary the amount or timing of premium payments, and the death benefit may be adjusted up or down (in accordance with the plan limits) without having to purchase a new or separate policy.

This amount of coverage gives your survivors a good shot at living off the earnings of the death benefit without having to invade the principal to pay their living expenses.

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.

The primary differences between Transamerica's two term policies are their accelerated death benefits and the amount of coverage you may qualify for without a medical exam.

Some policies also offer an extension - of - benefits - rider that usually doubles the amount of accelerated coverage at an additional cost, but without the purchase of additional death benefit.

It'll reduce the death benefit by a good amount, but it'll keep the policy inforce without future premiums, and the cash will remain and continue to grow.

Life stage protection: The option allows you to increase the basic sum assured at specified events of marriage and childbirth, without any medical tests: Marriage: The life insured can increase the death benefit by 50 % of the original death benefit, subject to a maximum additional amount of Rs. 50 lakhs 1st childbirth: The life insured can increase the death benefit by 25 % of the original death benefit, subject to a maximum additional amount of Rs. 25 lakhs 2nd childbirth: The life insured can increase the death benefit by 25 % of the original death benefit, subject to a maximum additional amount of Rs. 25 lakhs

Single Life Annuity for life (without any death benefit), which ensures that you receive a pre-decided, fixed, guaranteed amount throughout your life

With these term life insurance plans, a policyholder can obtain coverage with death benefits as low as $ 25,000 and a maximum face amount of $ 999,999 — and there is also the option to obtain a policy without the need for a medical exam for policies of up to $ 249,999.

Joint Life Annuity for life (without any death benefit), which entitles the annuitants to receive a pre-decided, fixed, guaranteed amount, provided at least one of the annuitants is alive.

Reduces the death benefit — If you happen to die without repaying the loan, the bank or insurance company will deduct the unpaid amount from the cash value of the insurance plan.

Death benefit includes Sum Assured and Fund Value for plan with a cover, while plans without cover will provide the nominees with an amount equal to the fund value

Endowment Plans without Bonus Benefits: These are typically low - cost policies as they do not have any bonus benefits and provide only the assured sum amount to the nominees in the case of the insured'Benefits: These are typically low - cost policies as they do not have any bonus benefits and provide only the assured sum amount to the nominees in the case of the insured'benefits and provide only the assured sum amount to the nominees in the case of the insured's death.

That way, if your death benefit has grown, your children will receive the full amount you intended without additional paperwork and potential costs, which could include legal fees and court interaction.

I was just thinking regarding the reason for LIC Amulya Jeevan putting up a premium amount of Rs. 33,600 (without accidental death benefit) for 1 crore SA when all the other compaies with nearly same settlement ration charging half the premium.

Annuity for Single Life (without any death benefit): A guaranteed fixed amount decided at the policy inception is payable to you throughout the life.

These include face amount increases without proof of insurability, dependent children coverage, and an Additional Death Benefit feature that pays $ 200,000 in additional death benefit if both insureds die within the first 10 yDeath Benefit feature that pays $ 200,000 in additional death benefit if both insureds die within the first 10Benefit feature that pays $ 200,000 in additional death benefit if both insureds die within the first 10 ydeath benefit if both insureds die within the first 10benefit if both insureds die within the first 10 years.

In some cases, policyowners may withdraw the additional cash value without otherwise affecting their death benefits, premium payments, and minimum guaranteed cash values; the insurer may permit policyowners to reduce the level of future premium payments while maintaining the same face amount of coverage; the insurer may allow policyowners to increase the face amount of coverage while maintaining the same premium level; policyowners may keep the face amount and the premium payment level the same but shorten the required premium - payment period; or they may choose some combination or variation of these options.

So anyway, there is now a company that will underwrite traditional life insurance that has a death benefit from the time it goes in force, has a range of products to choose from so your budget can be retained without having to take a ridiculously small policy, and it's available in amounts up to $ 1 million.