Sentences with phrase «death benefit as»

Conclusion Even though you and your family would never want a Term Insurance policy to pay for the death benefit as you are more important for the family rather than the money receivable from this policy.

Variable Universal Life Insurance (VUL) is a type of cash - value life insurance product that offers death benefit as well as an investment feature.

Monthly Income for 135 months: Nominee can choose to take 1 % of Death Benefit as monthly income which will be payable for 135 months.

In the event of death, your nominee will have the flexibility to receive the death benefit as lumpsum or purchase annuity

While the overarching value of life insurance is the death benefit as a source of income replacement, some policies also have features that can be used to help consumers reduce risk and protect wealth from the effect of taxes, market volatility and longevity.

This plan provides the option to choose the death benefit as lump - sum payout plus the monthly income benefit to your family so they can easily meet their day to day expenses.

Upon choosing death benefit option II, 50 % of Death Benefit as an immediate lump sum on Death i.e. Rs 2,14,372.

Life Option with Accidental Death Benefit (ADB) It offers Death Benefit as per «Life Option» Plus Accidental Death Benefit (ADB) sum Assured equal to sum Assured of the policy.

In the event of death of the life insured during the policy term, the death benefit as a lump sum is payable to the nominee / legal heir.

The nominee has an option to use the death benefit, fully or partly, for purchasing an immediate annuity or can withdraw the entire death benefit as a lump sum.

He chooses a death benefit as option II and payout option as career starter.

A comprehensive and flexible group term life insurance plan that includes a death benefit as well as the option of paying premiums in monthly instalments or as annual premiums.

The nominee also has the option to claim the death benefit as lump sum instead of instalments.

However, it would be better if the plan provides more for death benefit as I have dependent to survive.

In the event of death of the life insured during the policy term, the Death Benefit as a lump sum is payable to the nominee, which is higher of the sum assured or regular premium fund value Plus higher of top - up premium sum assured or top - up premium fund value, if any.

Premiums can be high and you could earn a better return in the stock market, but ROP policies offer a full death benefit as well as the possibility of a cash windfall if you outlive the term.

Paid - up additional insurance increases the total death benefit as well as the cash value the policy owner can either borrow as a loan or receive upon the cash surrender of the policy.

Which is why they created the Graded Death Benefit as a way to protect themselves from insuring those that are really, really sick.

If you pursue this type of life insurance, you'll need to sign a loan collateral assignment form to assign the bank as the recipient of the policy's death benefit as long as the loan is in effect.

However, if Mr. Kumar dies after 20 days from the date of diagnosis (which is greater than the survival period of 14 days), they would pay Death benefit as well as the Critical illness benefit.

In these situations, we recommend setting up your policy's death benefit as an annuity rather than a lump sum.

This policy has a death benefit as well as a maturity benefit component.

However, LIC smartly circumvented the issue by specifying the Death benefit as atleast 10 times tabular single premium.

With life insurance, you have the ability to receive the death benefit as a lump sum, or over time, similar to a pension or annuity.

Permanent life insurance contains both a death benefit as well as a savings component.

For example, one client needed 5 million dollars of death benefit as that is what we calculated as her human life value.

It offers a guaranteed death benefit as well as a cash savings component at a fixed monthly premium.

The Sum Assured chosen by him is Rs. 3,00,000 for which he is paying a premium of Rs. 16,136 p.a.. On maturity date, Nitin will receive the following Maturity Benefit: In case of unfortunate death of Nitin at the end of the 10th policy, the nominee will receive trhe Death Benefit as given below: 1) Death Benefit payable immediately 2) Death Benefit payable Income Benefit: Rs. 2,500 will be paid every month for 120 months.

Some of their other true group programs include the following: Supplemental Life / AD and D and Dependent Life, Education Benefit Rider, Accelerated Death Benefit as well as Seat Belt Benefit Rider.

Death benefit as 10 % of SA on every policy anniversary.

Not only will this ensure you of an increasing death benefit as the years go by, but it also gives you the benefit of the smaller policy early on when you can least afford it.

In the event of death of the life insured during the policy term, lump sum death benefit as Guaranteed Death Sum Assured (GDSA) is payable to the nominee.

In the event of death of the life insured during the policy term, the Death Benefit as a lump sum is payable to the nominee, which is higher of the sum assured or single premium fund value Plus higher of top - up premium sum assured or top - up premium fund value, if any.

Term insurance plans provide coverage for a specific term and in the event of an unfortunate death during this term, the insurance company offers your family / beneficiary a death benefit as specified under the policy.

Lump Sum Option: In the event of death of the life Insured, 100 % Guaranteed Death Benefit as a lump sum is paid to the nominee / family.

The policyholder has the option to choose the proportion of death benefit as a lump sum, subject to a minimum of 1 % and maximum of 99 %.

The pitch was then — and still is — that the product allows you to get the best deal for a death benefit as well as the best deal for a living benefit.

Fortunately, there is a way to cut through the confusion by using the internal rate of return (IRR) of the death benefit as an evaluation tool.

One trade - off for simplified issue policies — you likely won't be able to obtain a death benefit as large as you could with a fully underwritten policy.

If your family needs to make a claim someday, you can take comfort in knowing that they'll obtain the death benefit as outlined in the applicable policy.

In case of the demise of the life insured, the nominee will receive the death benefit as Sum Assured as per the plan option opted.

With whole life insurance, the guaranteed annual rate of return is lower than you might get with alternative investments, but you may want your child to have a death benefit as well.

Single premium life insurance assures the death benefit as it is guaranteed until after your passing.

In the event of death of the life insured, the nominee receives the death benefit as per the opted plan option.

Unlike term life insurance, whole life insurance is designed to provide a death benefit as well as living benefits.

Most GI policies have at least a 2 - year waiting period before the beneficiary can receive the full death benefit as a result of a death due to a medical condition.

Indexed Universal Life (IUL) offers the same flexible premiums and death benefit as universal life.

But as this is an insurance policy as well, you will get death benefit as well.

This policy is tied to your mortgage in every way, and therefore has a declining death benefit as your principle decreases with time.

In other words, you are given the dual advantage of a death benefit as well as market - linked returns during or on maturity of the policy term.