Sentences with phrase «death benefit option which»

Death Benefit: In the event of death, this plan offers increasing death benefit option which keeps growing through bonus option of paid - up additions.

Not exact matches

However, these days only a handful of insurers offer LTC insurance, so another option may be life insurance with an LTC rider, which allows families to tap into the benefits they would receive upon the policyholder's death while he or she is alive and requires care.

MarketProtector offers the benefits of a traditional fixed annuity, such as guaranteed minimum interest, death benefits, and retirement income options such as IncomeAccelerator, which is an optional income benefit for an additional charge.

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.

You have the option to choose the number of years over which you will want the death benefit to be paid to your family in equal annual installments.

Two death benefit options available, which allow flexibility in duration of payouts depending on your financial outlook

For maximum whole life insurance cash value growth, choosing the paid - up additions option, which purchases additional paid - up insurance, will further enhance your policy's cash value and grow your death benefit.

Life products have several options which will ultimately affect the overall value of the policy to you while you are living (cash value) and the value to your beneficiaries at your passing (death benefit).

You also can choose between two different death benefit options, including level death benefit or increasing death benefit, which you can swtich back and forth based on your own goals.

MarketProtector Advisory offers the same benefits of a traditional fixed annuity, such as guaranteed minimum interest, death benefits, and retirement income options such as IncomeAccelerator, which is an optional income benefit for an additional charge.

MarketProtector offers the benefits of a traditional fixed annuity, such as guaranteed minimum interest, death benefits, and retirement income options such as IncomeAccelerator, which is an optional income benefit for an additional charge.

One thing that seniors might consider is a single premium option which is a lump sum payment into a policy in return for a certain amount of death benefit.

There may be a death benefit option that can be either increased or reduced as needed, which is important to consider if your children are of younger age.

Because it offers flexibility and a cash value option, guaranteed universal life insurance offers policy holders many possible ways to put the cash value and death benefit to work for them, some of which include:

There are also additional optional benefits and riders, which include a waiver of premium, children's insurance, accidental death benefit, and / or a guaranteed option to purchase additional insurance.

Contracts in which a Life Only payout option is selected do not provide a death benefit either prior to, or after, the designated start date.

You also have the option of adding the Chronic Illness Plus rider, which allows 100 % of the death benefit to be accessed if you qualify.

If your percentage of FEV1 is lower than 40 %, your options will most likely be a graded death benefits policy, which typically have 2 - 3 years that you have to outlive before the full death benefit is in effect.

When this happens, your options for life insurance may be limited to high risk coverage at expensive rates or final expense insurance, also called funeral coverage, which has limited benefits and pays to a third party after your death.

Another option is the increasing death benefit, which has the initial death benefit increase as the cash value accumulates.

Dividends can be used for many things but the most popular option is paid up additions, which allow you to buy paid up additional life insurance, increasing your death benefit and cash value.

Unlike term life insurance policies, which do not build a cash value and always have a level death benefit, permanent life insurance policies allow the owner to select a level or increasing death benefit (sometimes called option 1 or option 2).

On the life insurance side, Phoenix Life provides a wide range of different death benefit options, which include critical, terminal, and chronic illness options.

Just like the accelerated death benefit, this option will also utilize your death benefit if you require long - term care which is a small downfall since a stand - alone plan wouldn't influence your policy at all.

Option 2 Death Benefit: The other option is a combination of a specific death benefit plus the cash value accumulation feature which builds over the life of the pOption 2 Death Benefit: The other option is a combination of a specific death benefit plus the cash value accumulation feature which builds over the life of the poDeath Benefit: The other option is a combination of a specific death benefit plus the cash value accumulation feature which builds over the life of the Benefit: The other option is a combination of a specific death benefit plus the cash value accumulation feature which builds over the life of the poption is a combination of a specific death benefit plus the cash value accumulation feature which builds over the life of the podeath benefit plus the cash value accumulation feature which builds over the life of the benefit plus the cash value accumulation feature which builds over the life of the policy.

A few carriers that offer Accelerated Death Benefits, Living Needs Benefits or Long Term Care benefits provide another option, which allows the owner to surrender the policy at certain time for a refund of premiuBenefits, Living Needs Benefits or Long Term Care benefits provide another option, which allows the owner to surrender the policy at certain time for a refund of premiuBenefits or Long Term Care benefits provide another option, which allows the owner to surrender the policy at certain time for a refund of premiubenefits provide another option, which allows the owner to surrender the policy at certain time for a refund of premiums paid.

Option to Purchase Paid - Up Additions Rider A rider which allows you to increase your death benefit protection and build more cash value.

If, on the other hand, you want the coverage to be permanent or if you want the policy to be not only a death benefit but also a business investment with additional options, you will want to consider a permanent life policy which could be either a universal or a whole life.

Income Plus Option — under this HDFC term insurance plan, the entire death benefit which is the chosen Sum Assured is paid out in case of death of the life insured.

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.

Policies called «Graded Death Benefit» policies are one option for which most high risk individuals could qualify.

The policyholder may additionally choose the disability benefit option under which, in case of death or disability of the insured during the tenure of the plan, the aggregate of all future premiums is paid which can be availed immediately in lump sum or can be invested in the fund where it will attract market linked returns.

Your other option is permanent insurance, also called cash - value, which stays in place until your death, whenever that happens, and consists of two parts — a death benefit and an investment account.

Also, take adequate risk cover option to ensure that the death benefit is a considerable lump sum, which can aid your child and family in case of your demise.

In addition, Flexible Premium UL may offer a number of different death benefit options, which typically include at least the following:

These contracts have no cash surrender value and contracts in which a Life Only payout option is selected do not provide a death benefit either prior to, or after, the designated income start date.

In addition to the base term life insurance policy — which will oftentimes cover an individual for $ 50,000 of death benefit coverage — there may be the option to add an Aflac Accidental Death Benefit rdeath benefit coverage — there may be the option to add an Aflac Accidental Death Benefitbenefit coverage — there may be the option to add an Aflac Accidental Death Benefit rDeath BenefitBenefit rider.

Option A is often referred to as a «level death benefit»; death benefits remain level for the life of the insured, and premiums are lower than policies with Option B death benefits, which pay the policy's cash value — i.e., a face amount plus earnings / interest.

Many of these product options are permanent life insurance coverage, which means that there is both a death benefit, as well as a cash - value component of the policy.

Currently the most popular option is probably the Ten Pay Whole Life Policy - which has death benefit that lasts forever, yet only ten annual payments.

A policy split option which allows the owner to split the policy death benefit into two separate individual insurance policies if certain triggering events occur, such as a divorce or changes to specified tax laws.

If you are a business owner and want to buy a life insurance policy on the key employee which will provide a death benefit until that employees retirement then Return of Premium Term might be a great option since you will just get all your money back if the loss of life didn't occur and your valuable employee retires.

Typically a universal life policy will have two options for the death benefit payout which are option A and option B. Option A is your normal fixed death benefit payout without any cash value, usually this is the amount of coverage you got when you first bought the poption A and option B. Option A is your normal fixed death benefit payout without any cash value, usually this is the amount of coverage you got when you first bought the poption B. Option A is your normal fixed death benefit payout without any cash value, usually this is the amount of coverage you got when you first bought the pOption A is your normal fixed death benefit payout without any cash value, usually this is the amount of coverage you got when you first bought the policy.

Life products have several options which will ultimately affect the overall value of the policy to you while you are living (cash value) and the value to your beneficiaries at your passing (death benefit).

There are also additional optional benefits and riders, which include a waiver of premium, children's insurance, accidental death benefit, and / or a guaranteed option to purchase additional insurance.

The great thing about this particular option is the level death benefit, and flexible premiums, which stop at age 100.

They're a great option in most states because they have graded death benefit term policies, rather than just whole life, which saves a bunch of money.

There are different options for how the death benefit will be structured, which include level, increasing, or a return of premium option.

No options to add benefits on accidental death, or critical illness, or disability etc. which are already offered by some insurance companies.

After the time has elapsed, policy holders have the option of keeping the coverage as an annually renewable plan, which provides a level amount of death benefit until the insured turns age 98.