Sentences with phrase «death benefit in»

Mortality Charge — levied every month for offering you death benefit in your policy depending upon the age and level of cover.

A policy add - on that takes money out of your death benefit in order to pay for long term care (LTC)-- nursing homes, private nurses, etc..

The insured can choose from two options available as a death benefit in order to secure their loved ones.

The policyholder has a choice to avail the death benefit in lump sum or in instalments.

There may be tax implications if they receive the death benefit in installments, so it's important that your beneficiaries know what their options are when it comes to receiving the money.

The nominee can choose to take 100 % of the death benefit in lump sum or 50 % in lump sum and 60 % in instalments under the Family Income Benefit option

The nominee can avail the entire death benefit in a lump sum amount or avail 50 % of the benefit in a lump sum and the rest 50 % in equal monthly instalments @ 0.42 % of the Guaranteed Death Benefit for 10 years post death.

At Bajaj Allianz Life Insurance we understand this sincere concern that you have and introduce a Group Income Protection plan that provides you a method to gift the land holders (called member) and their families a regular income in the form of annuity and death benefit in case of unfortunate death of the landholder.

Term life insurance policies are quite cheap and can come with a variety of riders offering such assistance as disability income, waiver of premiums, and an accelerated death benefit in the case you become permanently disabled.

A simple form of insurance that provides death benefit in the form of a sum assured to the family of the deceased.

The average carrier offers a death benefit in the range of $ 10,000 to $ 50,000.

In addition, you may want to structure your policy so that you can draw on the death benefit in the case of chronic illness.

Chronic Illness Riders allow you to access a portion of your death benefit in advance if you are diagnosed with a qualifying chronic illness, such as malignant cancer, Alzheimer's, heart disease, diabetes, COPD, etc..

Under the plan, the policyholder gets a lump sum death benefit in case of premature death during the plan term.

Even without this rider, your term life insurance policy will pay the stated death benefit in the policy if the insured's death is the result of an accident.

Whole life insurance provides a death benefit in the event of the unimaginable.

Many company's offer life insurance living benefit riders that allow an acceleration of the policy's death benefit in the form of cash indemnity.

For example, some states only protect several thousand dollars worth of death benefit in a life insurance contract.

For example, a 40 - year - old male who makes $ 100,000 per year can usually qualify for a death benefit in the amount of twenty - five times their income ($ 2,500,000).

This approach allows true compounding policy growth of your cash account and an ever increasing death benefit in addition to the rate of return generated by your higher risk - return investments.

This is a life insurance benefit that also gives you the option to accelerate some or all of the death benefit in the event that you meet the criteria for a qualifying event described in the policy.

Once you begin to receive monthly payments, you no longer have a death benefit in your contract.

The death benefit in universal life may be increased to provide additional protection as your family grows, if you buy a new home, or business opportunities present themselves.

Accidental Death: When the policyholder opts for this additional rider, the insurer will pay accidental death benefit in addition to the Death Benefit to be given to the beneficiary.

Especially when it is a pure protection plan like TERM INSURANCE offering higher sum assured at a nominal cost and where the insurance company has to pay a death benefit in case of insured dies during the term of a policy.

The fact that the insurance company had only $ 899,000 «at risk» in the form of a death benefit it might have to pay — since the other $ 101,000 is already set aside as cash value reserves — means that the implicit cost of the death benefit in the 20th year is based only on $ 899,000, and not the full $ 1,000,000.

If you are not truthful about your tobacco use, and you pass away from a tobacco - related illness, it can put your policy's death benefit in jeopardy.

The death benefit in a life insurance investment is the icing on the cake when you look at this powerful financial tool holistically.

In consideration of nominal premium amount, it provides a death benefit in the form of guaranteed Sum Assured to the dependants upon the demise of the policyholder during the policy tenure.

If you are diagnosed as chronically ill, typically requiring that you be unable to perform 2 of 6 activities of daily living, you can access a portion of your death benefit in advance.

He has been a leader in the distribution of premium financing solutions for high net worth individuals, families and businesses, placing over $ 1B of death benefit in his career.

As an added bonus, the life insurance policies that are used in a buy / sell agreement for business purposes may even include the option for increasing the death benefit in the future.

When the policyholder dies, the beneficiaries receive the death benefit in a lump sum.

In the same two child example, even if both children are still living, if they have borne any children themselves, they will split the death benefit in equal proportion with every child.

Virtually everyone knows that the death benefit in an insurance policy is meant for certain surviving loved ones and can be used however the beneficiary chooses.

This valuable rider provides that the insurer will pay a portion of the death benefit in advance if the insured is diagnosed with a terminal illness.

Death Benefit in this plan secures your family in case of your unfortunate demise during the Policy Term.

The obvious downside to reducing the death benefit is that it literally reduces the death benefit — which means if the goal was to maximize the death benefit in the long run, this isn't appealing.

ACCELERATED DEATH BENEFITS A benefit that can be attached to a life insurance policy that enables the policy holder to receive cash advances against the death benefit in the case of being diagnosed with a terminal illness.

You may have to lower the death benefit in order to get the premium down inside your family budget for life insurance.

The death benefit in most cases is paid out free of income taxes.

The accidental death benefit in case of «life plus» option and «all in one» option is Rs. 50 lakhs The critical illness benefit in case of «life and health» option and «all in one» option is Rs. 20 lakhs.

The accidental death benefit rider provides for an increased death benefit in case death occurs by accident rather than illness, which can be very sudden.

The death benefit in a permanent policy will last for the remainder of the policy holder's life.

By starting with the death benefit in mind and comparing quotes on this page, it will be easy to figure out the right type of policy for you.

What is the death benefit in this case?

With variable life insurance, you're paying more to have a death benefit in place for the length of your life.

Instead, cash value diminishes, but the policy is guaranteed to keep the death benefit in force.

Here is comparison of 20 - year Term life insurance rates with a $ 500,000 death benefit in the Preferred Non-Tobacco rate class.

Terminal Illness Rider — This plan will pay out 30 % (in most states) of the death benefit in a lump sum if the insured is diagnosed with a covered terminal illness and is given a limited life span of less than 12 months.