Sentences with phrase «death benefit if»

Most carriers will payout 25 % -40 % of the death benefit if you were to pass during the first 12 months.

Our Term Life Insurance policies help guarantee your loved ones a death benefit if you die while the policy is in force.

For example, in some cases, a guarantee issue life insurance policy may only pay out a portion of the stated death benefit if the insured passes away within just a year or two after obtaining the policy.

Just to be clear, a partial waiting period is a plan whereby the insurance company would payout a portion of your death benefit if you passed during the first two years.

This rider allows you to accelerate money from the death benefit if you have a long term care event.

In addition, these policies don't pay the full death benefit if you die within the first few years of coverage.

Your beneficiaries receive a death benefit if you pass away during your term (provided that you've kept up with your payments).

A rider that will accelerate the death benefit if you are diagnosed with certain, chronic, terminal or critical illnesses.

Usually they will offer to pay out 30 - 40 % of the death benefit if you should pass away during the first 12 months.

Common carrier benefits will pay double the accidental death benefit if death occurs while riding as a fare - paying passenger on a common carrier such as a boat, bus or airplane

Accelerated Death Benefit (Included) Beginning in policy year 3, the rider provides for an advance payment of up to 50 % of the death benefit if the insured is diagnosed by a physician to have a life expectancy of 12 months or less.

It was designed to add flexibility to the payment of specified claims by advancing part of the death benefit if the insured: (a) has been confined to an eligible nursing home for at least 6 months and is expected to be permanently confined; (b) is terminally ill and has a life expectancy of six months or less; or (c) requires an organ transplant and would have only six months or less to live without the transplant procedure.

Another rider is the Accidental Death Benefit Rider, which will increase your death benefit if your death is the result of an accident.

A chronic illness rider allows you to access a portion of your death benefit if you are diagnosed as being unable to perform 2 of 6 activities of daily living.

Like term life insurance, whole life insurance policies pay a death benefit if you die while your policy is in force.

Traditionally with term life insurance, your beneficiaries receive a death benefit if you die while your policy is in force.

Kansas Life policies generally will not pay a death benefit if suicide is determined to be the cause of death and the policy is less than 2 years old.

They will not pay out the death benefit if you pass away during the waiting period.

Policyholders will be paid a certain percentage of the full death benefit if death of the insured person should occur in year one, a larger percentage if death occurs in year two, and so on.

A contingent beneficiary would get the death benefit if, god forbid, both the insured and the beneficiary pass away at the same time.

This rider increases the death benefit if the insured dies by means of an accident.

These new plan designs offer a payout of 75 % of the death benefit if the insured suffers from a heart attack, Cancer, Strokes, kidney failure and many more illnesses.

A waiting period is simply a set period of time where your policy will not pay out a death benefit if you pass away from a non accident.

Chronic illness benefits allow you to access your death benefit if you become unable to perform 2 out of the 6 activities of daily living (very much like long term care insurance).

Usually, they will pay out 30 - 40 % of your death benefit if you die within the first year.

There are Twenty Year Limited Pay Whole Life policies whereby the death benefit if forever, but only 20 annual payments need be made.

These kinds of plans usually pay 30 - 40 % of your death benefit if you pass during the first year.

Accidental death benefit insurance is not usually included in a basic life insurance policy, so adding it to a standard policy as a rider will likely result in a somewhat higher premium; however, it will pay double the amount of the regular death benefit if the insured dies in an accident.

Accidental death policies only pay out the death benefit you if you die as result of an accident.

They charge you a higher monthly premium, and they limit the payout of your death benefit if you pass during the first two years.

For example, one popular term policy allows 2 % per month of the death benefit if the policy owner needs help with daily activities, like bathing and dressing due to chronic or critical illness.

Chronic Illness: the owner is eligible for a portion of the death benefit if you are unable to perform two of the six ADLs (activities for daily living) without help from another person or be mentally impaired.

With this coverage, you receive a death benefit if your child dies while your policy is in force.

A benefit term that guarantees that the beneficiary, as named in the contract, will receive a death benefit if the annuitant dies before the annuity begins paying benefits.

Also available at no charge is an accelerated death benefit which allows the policyholder to receive a portion of the death benefit if they are diagnosed as terminally ill.

This rider will increase your policy's death benefit if an accidental death were to occur.

For example a life insurance policy with a death benefit of $ 250,000 would result in a $ 500,000 death benefit if the cause of death was accidental and if you had the rider on the policy.

During this time, the insurance company will not pay out the death benefit if something should happen to you.

Here, the insured can access a portion of the death benefit if they are diagnosed with a terminal health condition that results in him or her having a life expectancy of one year or less.

And, there are also options for accessing cash value via loans and / or withdrawals, as well as through accelerating the death benefit if the insured contracts certain illnesses.

Optional BenefitAccess Rider advances the death benefit if terminally ill or has a chronic illness.

There are many pros of purchasing a 20 - year term policy such as the fact that for 20 years you won't have to worry about not providing a death benefit if anything were to happen to you.

All guaranteed issue policies will pay the full death benefit if death is due to an accident.

But if an insurance company finds out you lied about your use, they can deny you coverage or refuse to pay the death benefit if you pass away unexpectedly.

Permanent, participating life - insurance policies like Adjustable Complife can accumulate a cash value; however, the primary purpose of life insurance is to pay the death benefit if the insured dies.

The other rider you want to make sure you have is accelerated death benefit rider, which will advance up to 50 % of the death benefit if you have 12 months or less to live.

The living benefits of life insurance policies can be an important part of fulfilling this responsibility, in addition to providing a death benefit if the worst were to occur.

At that time, service members could not purchase life insurance that would pay a death benefit if the member was killed in a war zone.

A contingent beneficiary only gets the death benefit if the primary beneficiary has died or for some other reason is unable to receive the money.

Supplemental riders available with the term life insurance policy include: waiver of premium rider — premium payments may be waived if insured becomes totally disabled; children's level term insurance rider — Provides term coverage for children; and the accelerated benefit rider — You can receive a portion of the death benefit if you develop a terminal illness.