Sentences with phrase «death benefit of one's policy»

This rider doubles the face value death benefit of your policy in the event that your death is the result of an accident.

If the beneficiary sets a time to stop receiving interest payments and is alive when that time comes, they will receive the full death benefit of the policy then.

Divide the life insurance death benefit of the policy by the number of years payments are to be received.

Divide the life insurance death benefits of the policy by the number of years payments are to be received.

This rider doubles the face value death benefit of your policy in the event that your death is the result of an accident.

Permanent coverage essentially means that whether you die 5 years from now or fifty, the net death benefit of your policy will be paid to your beneficiary.

You will then have life insurance coverage for a particular period of time, and you get to preserve the entire death benefit of the policy.

If your mom lives for at least two years, then the full death benefit of the policy will pay out.

Permanent coverage essentially means that whether you die 5 years from now or fifty, the net death benefit of your policy will be paid to your beneficiary.

However, the basic explanation of an AD&D rider is that if you die as a result of an accident, the life insurance company will double the original death benefit of your policy.

You can combine this with a term life insurance policy to make sure the full death benefit of that policy goes toward your initial intent, while the final expense policy covers medical - related bills.

Life Settlements - a contract or agreement in which a policyholder agrees to sell or transfer ownership in all or part of a life insurance policy to a third party for compensation that is less than the expected death benefit of a policy.

The accelerated death benefit of your policy is there so that in the event of these unfortunate medical situations your family will be prepared for the unexpected expense and lost income that accompany the grief and heartache they must endure.

You can access money from a variable life insurance policies via withdrawals or loans, with the cash value and death benefit of the policy debited accordingly.

One thing to keep in mind about installment plans is that while the actual death benefit of a policy isn't subject to income tax, any additional interest that builds up over time IS taxed as income.

The following table shows the distribution by death benefit of the policies in the portfolio by LE band.

However, the basic explanation of an AD&D rider is that if you die as a result of an accident, the life insurance company will double the original death benefit of your policy.

An «Endowment at 65» policy means that the total death benefit of the policy (minus any loans and interest) will be paid to the owner of the policy when the insured turns 65.

Should you choose to convert to a whole life policy, your premiums will increase and the death benefit of the policy will remain the same.

However, if you died soon thereafter, your beneficiary would receive $ 225,000 (the death benefit of the policy minus the value of the outstanding loan).

Some permanent policies are eligible to receive dividends, and although they aren't guaranteed, they help to increase the cash value and death benefit of the policy.

The key is that when you maximize the cash value in a strategic self banking strategy, you also maximize the death benefit of the policy... they tend to mirror one another in growth and your estate will be benefiting from either the cash value or the death benefit.

In a nutshell, while most whole life insurance is fixated on maximizing the death benefit of a policy and just allowing cash values to grow over time, strategic self banking focuses on maximizing life insurance cash values, so the whole life insurance plan can be used strategically as a savings and personal financing vehicle for the purpose of recapturing your cost of capital incurred when having to deal with third party lenders or using your own cash.

The way to understand this is that the cash value of the whole life policy is like the equity in your house and the death benefit of the policy IS the house.

However, if you died soon thereafter, your beneficiary would receive $ 225,000 (the death benefit of the policy minus the value of the outstanding loan).

Should you choose to convert to a whole life policy, your premiums will increase and the death benefit of the policy will remain the same.

Most whole life insurance agents advise clients in such a way that emphasizes the death benefit of policies.

The owner of a life insurance policy has complete control over it and gets to decide who receives the death benefit of the policy.

The death benefit of your policy will be reduced for your beneficiaries, but your estate would also be reduced to pay for the care out of pocket.

The deferred comp agreement can also designate the death benefit of the policy, or a portion thereof, to be assigned to the employee's heirs (the estate).

For instance, if you are at an advanced age and nobody is relying on the death benefit of your policy, it might make sense to take out a loan with the knowledge that it will ultimately be covered by the death benefit on the contract if you don't pay it back.

Again, your beneficiaries will still receive the death benefits of your policy during the contestability period.

One of the most unique riders Primerica offers is an increasing benefit rider, which allows you to increase the death benefit of your policy up to 10 % per year for 10 years.

In case of unfortunate death of the Life Insured the death benefits of the policy are received by the nominee or the Policyholder.

The cash value and death benefit of your policy is not guaranteed.

After you die, burial life insurance pays the death benefit of your policy directly to your beneficiary who can use the money in any manner.

Your spouse, siblings, or parents can receive the death benefit of your policy, and of course your children can be named as your beneficiary.

You can also adjust the death benefit of your policy.

Like universal life insurance, you can adjust the premium and death benefit of your policy.

The death benefit of your policy will always be more than what you will receive if you sell it.

You may have access to part of the death benefit of the policy when an illness or chronic condition is expected to result in death within 12 to 24 months, depending on state limitations.

When you pass away, they will receive the death benefit of the policy.

You may have access to part of the death benefit of the policy when diagnosed with any of a list of 16 critical illnesses.

After you're elderly and finally passing on triggering the death benefit of the policy.

Note that accessed cash values will reduce the death benefit of your policy or otherwise negatively impact overall policy values.

We are, of course, talking about the death benefit of the policy.