Sentences with phrase «death benefit funds while»

Many of these plans will also offer the ability to access the death benefit funds while the insured is still living if he or she has been diagnosed with a terminal illness.

When added to the Secure Lifetime GUL 3 life insurance policy, the policyholder may be able to access a portion of the policy's death benefit funds while he or she is still alive.

Not exact matches

But if you die while your policy is going through the initial funding period of 5 - 7 years, you will leave behind a larger death benefit.

The death benefit of a life insurance policy is the amount paid out upon the death of the insured, while cash value refers to the amount of funds in a permanent life insurance policy's cash account.

While most insurers only allow you to receive a portion of your death benefit early if diagnosed with a terminal illness, Northwestern Mutual lets you accelerate funds to pay for long term care.

Due to the flexibility of variable life, however, this type of policy can allow policy holders to obtain a much higher rate of return on invested funds, while at the same time getting the protection of a guaranteed amount of death benefit coverage.

The ULIP offers a maturity benefit that equals fund value of the plan, while death benefit comprises of sum assured and fund value.

So while a part of your money is safely invested in an insurance fund and your family is assured of a fixed death benefit, the remaining of the money is invested in the volatile market.

With this rider, should the insured be diagnosed with a qualifying terminal illness, then he or she can assess funds from the death benefit while they are alive, to pay medical bills or any other item that they see fit.

While other options such as stocks and mutual funds may provide potentially higher growth, these vehicles also expose the investor to potentially more market risk, without the added death benefit protection should the unthinkable occur.

While it is important to consider both the tax implication and death benefit considerations when borrowing funds from a life insurance policy, there are many viable reasons why a policy holder would want to do so.

While the funds that are borrowed from a permanent life insurance policy do not typically have to be repaid, if they are not, the shortfall — plus interest — will be charged against the amount of the death benefit that is ultimately paid out to the policy's beneficiary.

Some of these features include access to the funds if the owner is confined to a nursing home, 10 % to 20 % free withdrawals each year for any reason, increased value as a death benefit, and higher interest earning guarantees while taking a fixed income stream that includes the ability to stop at any time and continue the annuity.

You can guarantee a minimum death benefit with the no - lapse guarantee, while still giving yourself growth potential by utilizing mutual funds or other investment types for growth.

Used to preach, buy term, invest the difference... But a permanent death benefit, cash values, tax free loans, tax free lump sum payment to beneficiary, privacy of beneficiary info, very difficult for others to get at your cash value, ability to fund very high amounts with tax benefits, cheaper while you are younger / healthy, paid up additions, Potential less premium with IUL and index gains potential, or Whole Life and pay more for insurance, but higher dividends...

I got this because it is funded by two small pensions and begins with high initial death benefit while avoiding term insurance expenditure, and is not intended to use for banking, but using the ALIR annual $ 2k cash addition to get the poilicy up to self sufficiency several years early becasue my pensions funding it would stop on my death.

For many business owners, personal insurance coverage offers a way to diversify income sources in retirement, while accumulating savings that isn't subject to the qualified plan funding limits, and providing a death benefit.

While is it not required that these funds are paid back, it's important to note any un-repaid balance in this account will count against the amount of the death benefit that is paid out to the named beneficiary at the time of the insured's death.

Terminal illness riders and critical illness riders on life insurance policies release a sizable chunk of the policy's death benefit to the policyholder while he / she is still alive, allowing the usage of the death benefit funds on valid diagnosis of one of the critical or terminal illnesses stated in the policy.

on life insurance policies release a sizable chunk of the policy's death benefit to the policyholder while he / she is still alive, allowing the usage of the death benefit funds on valid diagnosis of one of the critical or terminal illnesses stated in the policy.These riders» critical / terminal illness payout is tax - exempt, and beneficiaries also receive the left over face value, untaxed, upon the policyholder's passing.

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 vFund Value for plan with a cover, while plans without cover will provide the nominees with an amount equal to the fund vfund value

Benefits, such as completion of payment premiums, help in maintaining your future goals even in your absence by self - funding of premiums in case of an untimely death of the policyholder; while the additional benefits, such as loyalty bonus, fetch you a larger amount on your retBenefits, such as completion of payment premiums, help in maintaining your future goals even in your absence by self - funding of premiums in case of an untimely death of the policyholder; while the additional benefits, such as loyalty bonus, fetch you a larger amount on your retbenefits, such as loyalty bonus, fetch you a larger amount on your retirement.

But if you die while your policy is going through the initial funding period of 5 - 7 years, you will leave behind a larger death benefit.

If the Life Assured commits suicide for any reason, while sane or insane, within 12 months from the date of commencement of this policy or the date of any revival of the policy this policy shall be treated as null and void, and the Company will limit the death benefit to the Fund Value and will not pay any insured benefit

In the event of unfortunate death of the life assured within the policy term while all due premiums are paid, the death benefit payable is higher of Sum Assured plus Top up Sum Assured OR Fund Value as on the date of receipt of intimation of death.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is higher of Basic Fund Value (till the date of intimation of death) or Basic Sum Assured Plus Top - up Fund Value (till the date of intimation of death) or Top - up Sum Assdeath of the life assured while the policy is in - force, the Death Benefit payable is higher of Basic Fund Value (till the date of intimation of death) or Basic Sum Assured Plus Top - up Fund Value (till the date of intimation of death) or Top - up Sum AssDeath Benefit payable is higher of Basic Fund Value (till the date of intimation of death) or Basic Sum Assured Plus Top - up Fund Value (till the date of intimation of death) or Top - up Sum Assdeath) or Basic Sum Assured Plus Top - up Fund Value (till the date of intimation of death) or Top - up Sum Assdeath) or Top - up Sum Assured.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is higher of Sum Assured or Fund Value or 105 % of all the premiums death of the life assured while the policy is in - force, the Death Benefit payable is higher of Sum Assured or Fund Value or 105 % of all the premiums Death Benefit payable is higher of Sum Assured or Fund Value or 105 % of all the premiums paid.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is higher of Sum Assured (less Partial Withdrawals #), Fund Value, or 105 % of the total premiums paid (less Partial Withdrawals #) till the date of ddeath of the life assured while the policy is in - force, the Death Benefit payable is higher of Sum Assured (less Partial Withdrawals #), Fund Value, or 105 % of the total premiums paid (less Partial Withdrawals #) till the date of dDeath Benefit payable is higher of Sum Assured (less Partial Withdrawals #), Fund Value, or 105 % of the total premiums paid (less Partial Withdrawals #) till the date of deathdeath.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is higher of Basic Fund Value (till the date of intimation of death) or Basic Sum Assdeath of the life assured while the policy is in - force, the Death Benefit payable is higher of Basic Fund Value (till the date of intimation of death) or Basic Sum AssDeath Benefit payable is higher of Basic Fund Value (till the date of intimation of death) or Basic Sum Assdeath) or Basic Sum Assured.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is Basic Fund Value (till the date of intimation of death) plus Basic Sum Assdeath of the life assured while the policy is in - force, the Death Benefit payable is Basic Fund Value (till the date of intimation of death) plus Basic Sum AssDeath Benefit payable is Basic Fund Value (till the date of intimation of death) plus Basic Sum Assdeath) plus Basic Sum Assured.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is Basic Fund Value (till the date of intimation of death) or Basic Sum Assdeath of the life assured while the policy is in - force, the Death Benefit payable is Basic Fund Value (till the date of intimation of death) or Basic Sum AssDeath Benefit payable is Basic Fund Value (till the date of intimation of death) or Basic Sum Assdeath) or Basic Sum Assured.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is higher of Sum Assured (less Partial Withdrawals #), Fund Value, or 105 % of the total premiums paid till the date of ddeath of the life assured while the policy is in - force, the Death Benefit payable is higher of Sum Assured (less Partial Withdrawals #), Fund Value, or 105 % of the total premiums paid till the date of dDeath Benefit payable is higher of Sum Assured (less Partial Withdrawals #), Fund Value, or 105 % of the total premiums paid till the date of deathdeath.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is as follows: For one Pay policies, it is higher of Sum Assured including Top - up Sum Assured, Fund Value including Top - up Fund Value, or Minimum Death Bendeath of the life assured while the policy is in - force, the Death Benefit payable is as follows: For one Pay policies, it is higher of Sum Assured including Top - up Sum Assured, Fund Value including Top - up Fund Value, or Minimum Death BenDeath Benefit payable is as follows: For one Pay policies, it is higher of Sum Assured including Top - up Sum Assured, Fund Value including Top - up Fund Value, or Minimum Death BenDeath Benefit.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is higher of Sum assured (less partial withdrawals, made 12 months prior to death), Policy Fund Value or 105 % of all premiums death of the life assured while the policy is in - force, the Death Benefit payable is higher of Sum assured (less partial withdrawals, made 12 months prior to death), Policy Fund Value or 105 % of all premiums Death Benefit payable is higher of Sum assured (less partial withdrawals, made 12 months prior to death), Policy Fund Value or 105 % of all premiums death), Policy Fund Value or 105 % of all premiums paid.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is higher of Sum Assured, Fund Value or Minimum Death Bendeath of the life assured while the policy is in - force, the Death Benefit payable is higher of Sum Assured, Fund Value or Minimum Death BenDeath Benefit payable is higher of Sum Assured, Fund Value or Minimum Death BenDeath Benefit.

In case of unfortunate death of the life assured while the policy is in - force, the Death Benefit payable is higher of Base Sum Assured less partial withdrawals #, 105 % of the total premiums paid, or Base Fund Vdeath of the life assured while the policy is in - force, the Death Benefit payable is higher of Base Sum Assured less partial withdrawals #, 105 % of the total premiums paid, or Base Fund VDeath Benefit payable is higher of Base Sum Assured less partial withdrawals #, 105 % of the total premiums paid, or Base Fund Value.

Scenario B: Akhilesh dies within the Policy Term In case of demise of Akhilesh while the policy is in force, the nominee will receive the higher of the Guaranteed Death Benefit or Fund Value as on date of intimation of dDeath Benefit or Fund Value as on date of intimation of deathdeath.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is higher of Base Sum Assured less partial withdrawals #, 105 % of the total premiums paid, or Base Fund Vdeath of the life assured while the policy is in - force, the Death Benefit payable is higher of Base Sum Assured less partial withdrawals #, 105 % of the total premiums paid, or Base Fund VDeath Benefit payable is higher of Base Sum Assured less partial withdrawals #, 105 % of the total premiums paid, or Base Fund Value.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is Sum Assured or Fund Value whichever is higher, plus higher of Top - up Sum Assured or the Top - up Fund Vdeath of the life assured while the policy is in - force, the Death Benefit payable is Sum Assured or Fund Value whichever is higher, plus higher of Top - up Sum Assured or the Top - up Fund VDeath Benefit payable is Sum Assured or Fund Value whichever is higher, plus higher of Top - up Sum Assured or the Top - up Fund Value.

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 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 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 Death Benefit is payable to the nominee / legal heir.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is higher of Sum Assured under Base Plan and top - up plus, fund value under Base Plan and top - up is paydeath of the life assured while the policy is in - force, the Death Benefit payable is higher of Sum Assured under Base Plan and top - up plus, fund value under Base Plan and top - up is payDeath Benefit payable is higher of Sum Assured under Base Plan and top - up plus, fund value under Base Plan and top - up is payable.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is the higher of Sum Assured, including Top - up Sum Assured, Fund Value including the Top - up Fund Value, or Minimum Death Bendeath of the life assured while the policy is in - force, the Death Benefit payable is the higher of Sum Assured, including Top - up Sum Assured, Fund Value including the Top - up Fund Value, or Minimum Death BenDeath Benefit payable is the higher of Sum Assured, including Top - up Sum Assured, Fund Value including the Top - up Fund Value, or Minimum Death BenDeath Benefit.

3) Death Benefit: In case of unfortunate demise of Life Insured while the Policy is In - Force, the Death Benefit payable to the nominee will be highest of a) Fund Value b) Sum Assured (minus withdrawals if any) c) 105 % of premiums paid