Sentences with phrase «death benefit option makes»

On paper, the increasing death benefit option makes a lot of sense and it looks attractive.

Not exact matches

If the beneficiary is a minor, another option is an «interest income» payout, which makes guaranteed payments toward the interest on the death benefit for a specified time — for example, until the minor comes of age — at which point the benefit amount becomes available to that beneficiary.

However, thanks to premium offset options, you can continue to make premiums payments or have your dividends pay your life insurance premiums, to further grow your cash value and death benefit to age 100.

Some carriers offer guaranteed universal life insurance options and adjust the amount of the premium higher while making the policy amount lower, so that in addition to offering a guaranteed death benefit, the policy almost immediately begins to generate a larger cash value.

The high premiums, combined with a low face amount for the death benefit, make guaranteed issue life insurance a less desirable option for relatively healthy individuals.

It also works out well as a single premium life insurance policy option, where you make one lump sum payment for a lifetime death benefit.

First of all, make sure you work with an agent that has access to the best graded death benefit options available and has the ability to compare the rates side by side.

• No changes have been made to death and funeral benefits but the option to increase the benefit so that souses receive $ 50,000, and each dependant can receive $ 20,000 and up to $ 8,000 for funeral expenses.

Under the added paid - up options the policyholders are allowed to get their paid - up additions using their bonuses which would accumulate in their plan making this plan an additional guaranteed assured - sum which is paid as maturity or death benefits.

This makes the HDFC life term plan universal in nature because it becomes suitable for all and sundry through providing four death benefit options to the individuals.

On death of the policyholder, under Benefit Option 1, higher of the Sum Assured including the top - up SA net of any partial withdrawals made in the last 2 years or Fund Value including the Top - up Fund Value or 105 % of premiums paid is payable to the nominee

Option B however is really what I think makes the policy special since you can leave your loved ones the original death benefit and any cash value accumulation as well.

As long as sufficient premium payments are made on a timely basis (exactly as illustrated), no unscheduled loans or partial withdrawals are taken, no increase in face amount or changes in death benefit options are made, and policy loan value does not exceed the policy's cash surrender value, the insurance coverage will remain in effect.

This option makes the most sense after premium payments are no longer due for a life insurance policy and there is no need to increase the death benefit through the purchase of additional paid up coverage.

Option B - Income Protection Under this option, the Death Benefit shall be payable as Monthly Income (payouts made each month) to your nominee during the payout period as chosen by you at inception of pOption B - Income Protection Under this option, the Death Benefit shall be payable as Monthly Income (payouts made each month) to your nominee during the payout period as chosen by you at inception of poption, the Death Benefit shall be payable as Monthly Income (payouts made each month) to your nominee during the payout period as chosen by you at inception of policy.

If she wanted to stop paying monthly premiums at the age of 65, and still have permanent life insurance in - force, she could exercise the paid up additions option and have a death benefit of $ 170,500 for life, without making another premium payment — ever.

In case, any of the mentioned Critical Illness occurs, the Benefit is paid to you as a Lump sum amount, as selected during the inception, heedless of the death benefit payout option you choose, subject to the policy being in function and the payment is made for all the due paBenefit is paid to you as a Lump sum amount, as selected during the inception, heedless of the death benefit payout option you choose, subject to the policy being in function and the payment is made for all the due pabenefit payout option you choose, subject to the policy being in function and the payment is made for all the due payments.

This option allows the policyholder to have the financial means to make their daily life until death more comfortable while still providing a partial death benefit to their family once they pass.

The benefits at the time of death and the option to continue the plan after its maturity makes it an ideal choice.

Short term rates are more affordable because of the risk that comes with a fixed term for death benefit to be received, compared to guaranteed lifetime protection These lower rates make short term life insurance a better option for those on a tighter budget.

Another option that does not involve the donation of a life insurance policy's death benefit involves making donations of dividends from a cash value policy to a charity.

3) New Settlement Option in this plan makes this plan as unique where one can get the death benefit or maturity benefit in installments instead of lumpsum amount

# Accelerated Death Benefit option is a feature that is made available to group life insurance participants.

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If the beneficiary is a minor, another option is an «interest income» payout, which makes guaranteed payments toward the interest on the death benefit for a specified time — for example, until the minor comes of age — at which point the benefit amount becomes available to that beneficiary.

If you know that your family can not make the right financial decision and will face the problem of investment and saving after receiving the huge amount of the death benefit at once then going for a staggered payment is the best option.

A good agent will make sure the client understands all of the guarantees in a policy from the level premium, the conversion options and the accelerated death benefit provision.