Sentences with phrase «death benefit by»

Death Benefit by way of Widow's / Widower's / Surviving Civil Partner's or Dependent Parents» Pension (under the Occupational Injuries Scheme)

If LIC declares it then it can be received as part of the death benefit by the nominee.

First, borrowing or withdrawing cash values will reduce the death benefit by the same amount, so nothing is gained.

The nominee can utilize the Death Benefit by utilizing the entire proceeds of the policy or part thereof for purchasing an Immediate Annuity or to withdraw the entire proceeds of the policy or to utilize the amount of the policy or part thereof for buying a Single Premium Pension Plan.

The nominee / beneficiary may use the death benefit by utilizing the proceeds of the policy or part thereof for purchasing an annuity at the prevailing rate or withdraw the entire proceeds of the policy.

This option will reduce your death benefit by 50 %.

Since the death benefit is $ 250,000, the policy holder divides the death benefit by $ 1,000, to get 250.

While some policies are reduced on a dollar - for - dollar basis with each withdrawal, others (such as some traditional whole life policies) actually reduce the death benefit by an amount greater than what you withdraw.

But if you've taken out a loan and it hasn't been paid back by the time you die, your beneficiaries will be paid a lower death benefit by your insurance company.

Offers death benefit by providing monthly income amount selected by you at the beginning of the plan

In fact, by purchasing term and investing the difference, most owners can save the same amount as the total death benefit by the time the term life insurance expires, negating the need for insurance coverage at all!

With term insurance, boosting your death benefit by hundreds of thousands of dollars should cost just a few hundred dollars a year.

I did a little research and what i found was that the cash value is designed to equal the death benefit by age 100 in regular whole life.

I want to buy a LIC term insurance in online, will they provide Accidental death benefit by default or it comes under any optional rider.

You should probably fiddle abound with the coverage amount, checking out how each plan varies by increasing your death benefit by increments of $ 1,000.

A method of calculating the reduction of a variable annuity benefit base after a withdrawal in which the benefit is reduced by the same percentage as the percentage of the withdrawal; for example, a 20 % withdrawal of the money reduces the death benefit by 20 %.

Withdrawals will also reduce the death benefit by the amount of the withdrawal, dollar for dollar.

The policy can be even further customized by adding riders such as the estate protection rider — which increases the amount of the death benefit by up to 100 percent should both of the insured individuals pass away before the fourth anniversary of the policy — and / or the guaranteed policy split rider — which allows the policy to be split into two individual policies should the insured individuals divorce each other, or if the tax laws change.

It lets the policyholder increase their living benefit and death benefit by increasing the policy's cash value.

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

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.

We've even heard of companies reducing your death benefit by the amount you request to withdraw, not the amount they actually give you.

Annuities can also contractually solve for a guaranteed death benefit by attaching a contractual death benefit rider (i.e. attached benefit) at the time of application.

It can figure out how much premium you should have been paying based on the new facts and reduce the death benefit by that amount.

Penalties for lying or omitting relevant information for your insurance plans — called «material misrepresentation» — can be severe: total plan cancellation, a reduction your death benefit by the difference between your past and newly - adjusted premium, or application rejection should they discover the discrepancy upfront.

The loan is accounted for within the policy itself, and the principal loan amount and corresponding interest reduce the death benefit by the amount owed.

After two years the life insurance company is required to pay the death benefit by law no matter the situation.

Per stirpes means «per branch» and it essentially lets you distribution a death benefit by each branch of the family.

However, it should be noted that loans will reduce both the cash value and death benefit by the amount borrowed.

For key person business life insurance, the Salary Increase rider offers owners the ability to increase the death benefit by $ 30,000 increments, up to $ 1,000,000 of additional coverage, with no proof of insurability.

It's nice that Liberty increases the death benefit by 10 % after 6 years.

A method of calculating the reduction of a variable annuity benefit base after a withdrawal in which the benefit is reduced by the same percentage as the percentage of the withdrawal; for example, a 20 % withdrawal of the money reduces the death benefit by 20 %.

If, in the policy's first year, the policyholder contributes an additional $ 5,000, these paid - up - additions boosts the policy's cash value by $ 5,000 immediately while increasing the death benefit by $ 25,000.

For life insurance policies that pay death benefits in the form of a lifetime payout, the portion of the payout that is not subject to tax if the policy has no refund provision or stated time period guarantee which is determined by dividing the amount of the death benefit by the life expectancy of the beneficiary.

A method of calculating the reduction of a VA benefit base after a withdrawal in which the benefit is reduced by the same percentage as the percentage of the withdrawal; for example, a 20 % withdrawal of the money reduces the death benefit by 20 %.

One of the most valuable tables provided is this new distribution of policy death benefits by LE band:

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.

Not exact matches

Ryan's youth was marked by tragedy after his father's death when he was just 16, and the future Congressman funded his bachelor's degree with the Social Security benefits he received as a result.

One advantage C corporations have over unincorporated businesses and S corporations is that they may deduct fringe benefits (such as group term life insurance, health and disability insurance, death benefits payments to $ 5,000, and employee medical expenses not paid by insurance) from their taxes as a business expense.

Lots of little gems in this book, including the fact that a spouse must be married at least nine months before being eligible for survivor benefits (unless the death is ruled «accidental» by a faceless panel of S.S. bureaucrats).

XL - CV Max (policy form series L147) and Accelerated Death Benefit Endorsement for Critical, Chronic and Terminal Illness (form series TR207) are issued by Midland National Life Insurance Company, Administrative Office, One Sammons Plaza, Sioux Falls, SD 57193.

«A ruling by a Louisiana appeals court recently stated that the entire death benefit from a single premium annuity plan paid to the beneficiary named in that plan was subject to inheritance tax because it was part of the deceased annuity owner's estate,» says annuities specialist Steven Hart.

1 Accessing cash values, through loans and partial surrenders or by accelerating benefits for long term care benefit payments, will reduce the death benefit payable, the cash surrender value and the long term care coverage available.

Further, if the death benefit exceeds the policy cash surrender value, the proceeds received by the beneficiary after the client's death will also be income tax - free.

You can customize a policy by its death benefit amount, term length, and with riders.

These changes are not significantly affected by economic developments, with the exception of changes in the interest rate forecast on federal employees» future benefits, such as pensions, death benefits, etc..

The policy does not guarantee that the death benefit will be sufficient to pay for any particular goods or services, nor that those goods or services will be provided by any particular provider.

If you die by any means after the first two years, the full death benefit amount will be paid to your beneficiaries.

Please note that the policy's death benefit and cash value will be reduced by the amount of any loans or withdrawals you take.

With Legacy Lock IV, your death benefit may be undiminished by your guaranteed withdrawal amounts or RMDs, subject to benefit guidelines.