Sentences with phrase «death benefit of the policy by»

Extra protection component enhances the death benefit of the policy by increasing the sum assured on death.

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

Not exact matches

Please note that the policy's death benefit and cash value will be reduced by the amount of any loans or withdrawals you take.

My understanding would be each time you got $ 10,000 the death benefit would be reduced by $ 10,000 but it appears most (or maybe all) of the policies don't work that way.

If you have a life insurance policy, a payout of the death benefit is preceded by a claim providing a death certificate.

Death Benefit Payable: In the event of death, provided the policy is in force & all due premiums have been paid the death benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the custDeath Benefit Payable: In the event of death, provided the policy is in force & all due premiums have been paid the death benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the cuBenefit Payable: In the event of death, provided the policy is in force & all due premiums have been paid the death benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the custdeath, provided the policy is in force & all due premiums have been paid the death benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the custdeath benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the cubenefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the custdeath benefit option selected by the cubenefit option selected by the customer.

This is a benefit that can be added to certain life policies that will prepay a portion of the death benefit in case of a particular critical illness such as heart attack, stroke, life - threatening cancer, by - pass surgery, organ transplant, Alzheimer's, etc..

If the policy death benefit truly is $ 300 then there is not going to be any way of finding out more about this policy except by asking her for more details.

The costs and the death benefit for this half of the policy is specified by the insurance company.

The death benefit of an exempt life insurance policy is received tax - free by the beneficiaries.

By purchasing a policy, you can help ensure their financial well - being while granting yourself some peace of mind, knowing that an insurance policy will pay out a death benefit if you pass away.

If you are covered by a life insurance policy but your death falls under one of these exclusions, the insurance company may not have to pay out the benefit.

The maturity clause of a life insurance policy is fairly complicated, but this basically means that the value you would be able to keep by surrendering the policy becomes larger than the total death benefit.

The right of a judgment debtor to accelerate payment of part or all of the death benefit or special surrender value under a life insurance policy, as authorized by paragraph one of subsection (a) of one thousand one hundred thirteen of the insurance law [* see below], or to enter into a viatical settlement pursuant to the provisions of article seventy - eight of the insurance law, is exempt from application to the satisfaction of a money judgment.

By way of comparison, a 35 - year - old male, preferred plus underwriting risk, can buy a 30 - year term policy with $ 250,000 death benefit at an annual premium of $ 260.

If a policy of insurance has been or shall be effected by any person on his own life or upon the life of another person, the policyowner shall be entitled to any accelerated payments of the death benefit or accelerated payment of a special surrender value permitted under such policy as against the creditors, personal representatives, trustees in bankruptcy and receivers in state and federal courts of the policyowner.

Term life insurance premiums are calculated by multiplying the rates per thousand of death benefit, then adding the policy fee.

If you have an outstanding loan on your whole life insurance policy when you die, the death benefit that is paid out to your beneficiary (or beneficiaries) will be reduced by the unpaid amount of..

For life insurance policies that pay death benefits in the form of a lifetime payout, the portion of the payout that is not subject to tax if the policy has no refund provision or stated time period guarantee which is determined by dividing the amount of the death benefit by the life expectancy of the beneficiary.

Keep in mind that loans against the policy will accrue interest and decrease both death benefit and cash value by the amount of the outstanding loan and interest.

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

A key advantage of an ILIT as compared to personally owning the insurance policy is that if the trust is set up and administered correctly, the assets owned by the ILIT will not be considered part of your estate for federal inheritance / estate tax purposes — meaning your heirs won't have to pay estate or inheritance taxes on the life insurance death benefits that are paid.

In addition, should the policy holder pass away while there is still an unpaid loan balance, this amount will be deducted from the total amount of death benefit proceeds that are received by the policy's beneficiary.

But it does come with a caveat: such policies, by design, provide coverage for a limited period of time, leaving your heirs with no death benefit if you outlive the policy.

The death benefit provided by a life insurance policy is a lump sum of money that's tax - free.

Mutual of Omaha makes up for it by including high benefits for the accelerated death benefit, which allows you to take money out of your policy to pay for charges related to a terminal illness.

Though the policy will cost much more than a term life insurance policy with a similar death benefit, they can be an excellent type of life insurance policy to have if you are not a saver by nature.

A premium is paid monthly to keep the policy active, covered in full or in part by the employer, and upon the death of the employee a lump sum of money, the death benefit, is paid out to a designated group or person known as the beneficiary.

If the premium cost of your current life insurance policy is an issue, you may be able to lower the premium by reducing the death benefit, which would not require an exchange.

Over time, the savings component provided by the policy grows and the death benefit shrinks; if the policyholder dies after the cash value of the policy is fully realized, the entire amount paid comes from the cash value rather than the death benefit.

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.

Under the second variant, a death benefit consists of a Lump Sum benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your benefit consists of a Lump Sum benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your Benefit at the conclusion of the Term of your policy.

Death Benefit Processing: As a resident of Delaware and beneficiary of a Delaware insurance policy, it is your right as recognized by the State Code to a swift and reasonable payment of death beneDeath Benefit Processing: As a resident of Delaware and beneficiary of a Delaware insurance policy, it is your right as recognized by the State Code to a swift and reasonable payment of death benedeath benefits.

One of the most valuable tables provided is this new distribution of policy death benefits by LE band:

Policies are grouped by 6 month LE bands and the table shows the number of lives and the total death benefit in each group.

Although the largest policy in the portfolio (by face value) matured during the period, a large proportion of the total death benefit remains linked to a relatively small proportion of lives.

If you borrow against an existing policy to pay premiums on a new policy, death benefits payable under your existing policy will be reduced by the amount of any unpaid loan, including unpaid interest.

Alternatively, if it is determined that the policy has real economic value to keep, the advisor and client should consider whether it makes more sense to simply keep the policy to benefit directly from the long - term value of the death benefit, rather than sell as a life settlement (since by definition, if it's valuable to a buyer to purchase, it's valuable to the seller to keep it!).

Even the making of the will or a trust, or allocation of a death benefit from a life insurance policy can be validly limited by a prenuptial agreement.

Like any other Life Insurance, here also you will get assured sum after maturity and in case of death of the policy holder the nominee will be benefited by the amount.

Should you die while the policy is in force, your beneficiaries will receive not only your the initial face value as a death benefit, but also it's common for dividends to buy additional insurance by way of what are called «paid up additions», so the death benefit could actually be higher than the face value at the purchase of the policy.

Because the people covered by the policies will die at different times, the provider will have a stream of cash flows (from the death benefits) coming to it over time.

Once the proper insurance company forms have been completed and recorded by the insurance company, repayment of any outstanding loan can be paid from the policy cash surrender value or death benefit should the insured pass away and the loan becomes past due.

The amount of death benefit payable is determined by the terms of the policy or contract and any riders.

Paid - Up Additions Amounts of life insurance purchased either by policy dividends or by additional premium, and added to the original life insurance policy to increase the death benefit and cash values.

You use the whole life insurance policy dividends paid by the carrier to purchase extra paid up coverage, which contributes to your overall death benefit, while simultaneously increasing the cash value of your policy.

The maximum amount of death benefits offered by insurers are generally much lower than what you could get for term policies, although there is one insurer which offers no - medical benefits up to $ 1 million dollars.

The death benefits offered by a no - medical exam life insurance policy are sometimes lower than what might be offered by some other types of life insurance.

Will pay an additional lump sum death benefit, the equivalent of 100 % of the face value of the policy, if death occurs by a covered accident.

In theory, the riders can be added at time of application and upon medical approval so that the policy owner can access a portion of the death benefit as long as certain conditions are met by the insured medically.