Sentences with phrase «death benefit guarantees remain»

Both Durham and Stamps agree that lifetime death benefit guarantees remain a very important feature in UL for both consumers and producers.

Not exact matches

This feature guarantees that the policy will not default, even if the cash surrender value falls to zero or below, provided that the Death Benefit Protection Value remains greater than zero and policy debt never exceeds the Policy Value.

Single - premium whole life (SPWL) is a type of life insurance in which a single sum of money is paid into the policy in return for a death benefit that is guaranteed to remain paid - up for the remainder of your life.

A graded death benefit is a clause written into guaranteed issue life insurance policy which states that prior to your policy covering «Natural» causes of death, you must first remain ALIVE for a certain period of time (typically 2 - 3 years depending on the carrier) after your guaranteed issue life insurance policy goes into force.

Whole life insurance remains in force for the insured's entire lifetime and offers a guaranteed death benefit as well as cash value.

Because this is a whole life insurance policy, the death benefit is also guaranteed to remain in force.

Single - premium variable life insurance allows you to buy insurance with a single premium (lump sum) payment in return for a guaranteed death benefit that will remain paid - up until you die.

After your initial level benefit period ends, your guaranteed death benefit will begin to decrease while your premium payment amount remains level.

In this illustration, which assumes that the current 2.17 percent 10 - year T - note rate remains level, the T - notes can provide a higher return on your money (dark - gray line) vs. the guaranteed return (light - gray line)-- but no death benefit past age 69.

The death benefit is also guaranteed to remain level during the entire term.

Both the death benefit and the premium amount are typically guaranteed to remain fixed with a whole life insurance plan

Because ordinary universal life insurance must have cash value to stay in force, the guaranteed UL allows policies that would otherwise lapse to remain in force so that the beneficiary receives the death benefit that they are entitled to.

Also, you may want to get a guaranteed death benefit that will remain the same for the entire term of the policy.

Unlike fixed life insurance products, variable life insurance may require policyholders to add premiums over time to ensure the death benefit remains guaranteed to a certain age.

This policy has a guaranteed level death benefit that remains level for the entire 20 year duration that can be paid out either in a lump sum or in the form of a monthly income when the insured dies.

On death of the policyholder, the chosen Monthly Benefit is paid every month which increases by 5 % with every payout and is paid for the remaining term with a minimum guaranteed term of 5 years.

Single Premium Whole Life (SPL) is a kind of life insurance in which a large sum of cash is paid into the insurance policy in exchange for a death benefit that is fully guaranteed to remain paid - up until you die.

As long as the premium is paid on time the death benefit is guaranteed by the insurer to remain in force until a defined age.

These types of policies guarantee that the premium remains level along with the death benefit.

a lump sum of money is paid into the policy in return for a death benefit that is guaranteed to remain paid - up until you die

I emailed him today and told him it didn't appear to me that the premium and the death benefit were guaranteed to remain level.

Single - premium life (SPL) is a type of life insurance in which a lump sum of money is paid into the policy in return for a death benefit that is guaranteed to remain paid - up until you die.

These policies include a death benefit and a guarantee that your premium rates will remain level throughout the policy length.

They can guarantee that your death benefit and the premium will remain level for whatever period you choose.