Sentences with phrase «death benefit equal»

Under this form of the one - year term option, the insured's designated beneficiary can receive a death benefit equal to the full face value of the underlying policy.

The agent explains that by purchasing an insurance policy that will pay a death benefit equal to the outstanding mortgage, your wife would receive the money needed to pay off the mortgage if you should die unexpectedly.

In the event of death of the life assured while the policy is in - force, the Death Benefit equal to the higher of Sum Assured, including Top - up Sum Assured, Fund Value including the Top - up Fund Value, or Minimum Death Benefit is payable to the nominee / legal heir.

o Sum Assured Option: Upon choosing this payout option, you will receive the death benefit equal to sum assured applicable under the plan.

With this option, you can maintain the same death benefit from year to year or set the death benefit equal to the original amount plus the cash value accumulation.

Your beneficiaries get paid a death benefit equal to the amount of your policy if you die while your policy's term is in effect.

On Death of the Life Insured during the Policy Term, lump sum Death Benefit equal to Guaranteed Sum Assured on Death (GSAD) will be payable to the nominee.

Option II comes with additional death benefit equal to Sum Assured or Rs 50 Lakhs (whichever is lower) in case of death due to accident.

With a Buy - Sell life insurance agreement, each owner purchases a life insurance policy that provides a death benefit equal to their ownership share in the business.

When purchasing a joint life insurance policy it is typically a good idea to purchase a death benefit equal to between 20 and 30 times the combined annual income of the couple if both are employed.

When the cash value and the death benefit equal each other, at age 100, the policy is said to be «matured»; the policy is then payable to you at your age 100.

Having a death benefit equal to five or 10 years» salary is not unreasonable to provide the right level of financial protection.

An additional Accidental Death Benefit equal to the SA is payable if the policyholder meets with accidental death under Extra Life Option

An additional Accidental Death Benefit equal to the SA is payable if the policyholder is killed in an accident.

On the other hand, if you've just purchased a home with your spouse, you might consider a decreasing term policy (since your mortgage balance decreases over time as you pay it off) with a death benefit equal to the size of your outstanding loan.

You might choose a decreasing term policy for a similar term length and initial death benefit equal to the outstanding mortgage loan, since you know your spouse will be financially stable once the mortgage is paid off and you know the time it will take to pay back the loan.

If you should die in an accident while a fare - paying passenger on a common carrier (i.e. train), this rider provides an additional death benefit equal to 100 percent of the original face amount or $ 250,000, whichever is less.

Both types of annuities have a death benefit equal to the accumulation value.

Example: You own a variable annuity that offers a death benefit equal to the greater of account value or total purchase payments minus withdrawals.

If the insured commits suicide within one year from the date of commencement of the Policy or date of revival of the Policy, the company will pay death benefit equal to 80 % of the premiums paid till the date of suicide.

You can opt for a IndiaFirst Term Rider to get death benefit equal to the rider sum assured in case of death of the life assured

In the case of an employee making $ 245,000, if a 10 × multiple is used, that employee will receive a death benefit equal to $ 2,450,000 ($ 245,000 × 10).

Many financial advisors recommend that workers with spouses and families to support purchase a life insurance policy with a death benefit equal to between 20 and 30 times their annual salary.

The best way to lay the groundwork for your child's financial future is to make sure that as parents you have a will, a living revocable trust, and the proper life insurance policy (I recommend term insurance with a death benefit equal to 20 times the income you want to replace if you die) in place in case something happens to you while your child or children are young.

On death, an Assured Death Benefit equal to 101 % of all premiums paid including bonuses is payable to the nominee subject to a minimum of 105 % of all premiums paid till death.

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.

Upon the death of the insured person the Life Insurance beneficiary gets the death benefit equal to the face value of the policy, which is free of income tax.

Accidental Death Benefit Rider Provides an additional death benefit equal to the face amount of the policy if the insured dies as a result of an accident prior to a certain age.

Accidental Death Benefit: pays an additional death benefit equal to the policy face amount if death is due to an accident.

If the insured dies in an accident while he or she is a fare - paying passenger on a common carrier (e.g., airplane, train, or bus), this rider provides an additional death benefit equal to 100 percent of the original face amount or $ 250,000, whichever is less.

Common carrier death benefit provision — If the insured dies while on an airplane, train, or bus, this rider provides an additional death benefit equal to 100 % of the original face amount.

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

A PerspectiveSM variable annuity includes a standard death benefit equal to the contract value on the date of the claim and does not include any additional guarantees.

On the other hand, if you've just purchased a home with your spouse, you might consider a decreasing term policy (since your mortgage balance decreases over time as you pay it off) with a death benefit equal to the size of your outstanding loan.

A commonly shared rule of thumb for determining your life insurance needs is to purchase a policy with a death benefit equal to 5 to 10 times your annual income.

You might choose a decreasing term policy for a similar term length and initial death benefit equal to the outstanding mortgage loan, since you know your spouse will be financially stable once the mortgage is paid off and you know the time it will take to pay back the loan.

A commonly shared rule of thumb for determining your life insurance needs is to purchase a policy with a death benefit equal to 5 to 10 times your annual income.

The concept sounds logical; the death benefit equals the amount of the mortgage and decreases over time as your mortgage balance is paid down.

Variable Life Insurance Products are defined as Non-Linked Life Insurance Products that provide Death Benefits equal to the guaranteed Sum Assured and / or balance in the policy account, as per the policy.

Not exact matches

Whole life insurance policies are usually structured to mature when you turn 100 years old, at which point the cash value should equal the death benefit.

The death benefit is equal to six months» worth of this calculated retirement pension up to a maximum of $ 2,500.

The standard death benefit is equal to the contract value on the date of the claim and does not include any additional guarantees.

The standard death benefit is equal to contract value on the date of the claim and does not include any additional guarantees.

At this point, the carrier will give you a lump sum payment equal to your total death benefit and end your policy.

For a basic variable annuity, the death benefit is usually equal to the amount that you contributed to the annuity.

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.

So you can «live» with guaranteed withdrawals for lifetime income and still have the potential to «give» a legacy through death benefit proceeds equal to the amount of premium you invested, subject to the benefit guidelines.

So you can «live» with guaranteed withdrawals for lifetime income and still have the potential to «give» a legacy through death benefit proceeds equal to the amount of premium you invested, subject to the benefit guidelines.

Under universal life insurance option B, the policy proceeds increase over time and are equal to the cash value plus the death benefit.

The amount at risk to the carrier is always equal to the policy death benefit.