Sentences with phrase «death benefit paid at»

In most term insurance sales claims result about 1 % of the time thus policyholders end up with a fistful of receipts Most insureds should own some whole life insurance to make sure their is an income tax free death benefit paid at death It is my belief that most insureds should own at least $ 100,000 of Whole life in addition to a large amount of term to cancel out temporary insurance needs.

As an example, consider a whole life insurance policy of one dollar issues on (x) with yearly premiums paid at the start of the year and death benefit paid at the end of the year.

Not exact matches

Whole life insurance pays out the death benefit at any time death occurs, after all, the whole life is covered.

Lump sum plus Monthly Income: Half of the death benefit will be paid out as lump sum for immediate needs, and the remaining half in form of monthly income increasing annually by 10 % at simple rate for a period of 15 years.

Globe Life only offers coverage with no medical exam so, if you're healthy, you'll pay higher rates for the same death benefit than you would at an insurer with full underwriting.

A return of premium life insurance policy is one where, minus very negligible fees, your premium payments are refunded to you at the end of the term (assuming the death benefit hasn't been paid out, of course).

Monthly Income: The death benefit will be paid out as a monthly income increasing annually by 10 % at simple rate for a period of 15 years.

What benefit is paid at the death of the annuitant, if the annuity contract is owned by another individual?

If stay - at - home parents have life insurance coverage and pass away, the life insurance death benefit would allow the surviving spouse to take much needed time off work to spend with the children and help pay for services that the stay - at - home parent lovingly provided.

Living Needs Benefit (Accelerated Death Benefit) Rider: at no additional cost, this living benefit pays out a portion of the death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months oBenefit (Accelerated Death Benefit) Rider: at no additional cost, this living benefit pays out a portion of the death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months or Death Benefit) Rider: at no additional cost, this living benefit pays out a portion of the death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months oBenefit) Rider: at no additional cost, this living benefit pays out a portion of the death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months obenefit pays out a portion of the death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months or death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months obenefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months or less.

The insurance company is not actually paying anything extra since most policies are structured to pay the death benefit early at a specified amount.

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

With a number of ways to use the money that builds up in the cash value account, such as taking out a life insurance loan or paying insurance premiums, the flexibility these policies offer make them attractive to individuals looking to build up savings while at the same time securing insurance coverage providing leverage in the form of a death benefit payout.

Depending upon the type and the amount of the policy, a beneficiary will typically have several choices regarding how the death benefit from the policy will be paid — all at once, or over time from an annuity.

Also, how exactly would a life insurance company make any money if they guaranteed a $ 1 million dollar death benefit on $ 400k in premiums, and at death they paid BOTH in full?

Any remaining benefit transfers to the remaining spouse at death, who continues to pay for his or her single premium policy.

A Single Premium policy is the one in which the premium amount is paid in lump sum at the beginning of the policy as a return for the death benefit which is guaranteed to be paid up until the death of the policyholder.

Dividends are also paid on the additional insurance, providing a compounding effect that increases the death benefit at a rapid rate.

At death, the entire face amount, which is composed of the base death benefit and investment, is paid to the beneficiary tax - free.

If the loan has not been paid back at the time of death, the amount of the loan will be deducted from the death benefit amount.

On the other hand, whole life policies ALWAYS pay a death benefit if kept in force and therefore they are more expensive at first.

After all, like life insurance, you pay a premium for it in exchange for a benefit to be paid to your beneficiary at your death.

At death the life insurance benefit is used to pay off the loan.

Continuing under the assumption that you have a defined benefit pension plan that will pay you $ 50,000 per year until you pass away I would say that your pension plan is more similar to a life annuity rather than a GIC since a GIC comes to term whereas an annuity pays until death, but if you are trying to put a value on the holding of your pension plan I would say that yes, it is fair to count it as a million dollar GIC at 5 %.

Lumpsum plus Monthly Income: Half of the death benefit will be paid out as lumpsum for immediate needs, and the remaining half in form of monthly income increasing annually by 10 % at simple rate for a period of 15 years.

Lump sum, where the life insurance company pays the total amount of the benefit in one single payment at the death of the insured

As a fixed product, the death benefit will be paid out at 100 percent from the very beginning.

With it, the face amount (the death benefit) and the premium (the amount you pay for protection each year) are fixed at the time you buy your policy and stay the same even as you age.

If the insured is alive at 100, for example, premiums are no longer paid but the death benefit will still be distributed when the insured dies.

While both spouses are covered in the plan, it will only pay out one death benefit, at the time the first spouse dies.

Usually offered at 15 and 30 years, the death benefit declines gradually and expires when you pay off your loan.

The death benefit payable at any point in time will not be less than 105 % of all premiums paid.

The death benefit was $ 100,000 to be paid upon death or at age 90.

Whether you are the sole breadwinner, one half of a joint - income couple, or a stay - at - home - parent, a term life insurance death benefit (the funds that your beneficiaries will receive upon your passing) can do much more than add a temporary boost to family finances and pay for funeral and burial expenses.

This type of coverage insures two people (usually spouses) and pays a benefit only at the second death.

Your death benefit should be at least enough to pay off your debts, pay for your kid's college tuition, help fund your spouse's retirement account and supplement the family's income.

The face amount of coverage can go up to $ 20,000, and the full death benefit will be paid out after the insured has had the policy for a period of at least three years.

Paying back these loans is optional; however, any portion of the loan that is not repaid at the time of the insured's death will decrease the amount of death benefit proceeds that are paid out to the beneficiary.

First some innovative firms offered defined benefit [DB] plans [paying a fixed sum at retirement for life, often with benefits to surviving spouses, and pre-retirement death benefits] in order to attract employees.

Sure, the shopping process can get a little complicated, especially if your health situation is a little complicated, but at the end of the day, term life insurance is made up of three basic components: your coverage (also known as your death benefit), your term (how long the policy lasts), and your premium (how much you're paying for it).

If you die during it, the death benefit could be lowered or not paid out at all.

This rider lets the policy owner take part of the death benefit to pay for nursing home care and home health care of the insured person, while still leaving at least a partial death benefit to the beneficiaries.

Since most policies expire without paying a death benefit, life insurance companies can sell these at a low price.

Typically, it is good to fund the policy for at least 10 years to keep the death benefit low, although 7 pay policies are available when properly designed.

Since age 65 is commonly the age of retirement, this policy allows you to have a paid up policy (that continues to build cash value and grow your death benefit) at age 65, when most people need to cut back on their expenses.

That means if you buy it when you're 30 and keep paying your premiums until you die at 85, your family will receive the death benefit.

Some simplified life insurance requires you to hold the policy for at least two years before it will pay the death benefit.

Death benefit A death benefit is the amount paid to the beneficiary at the time of the death of the insDeath benefit A death benefit is the amount paid to the beneficiary at the time of the death of the insdeath benefit is the amount paid to the beneficiary at the time of the death of the insdeath of the insured.

Fact: While all life insurance is designed to pay a benefit at death, there are many different policy choices and options.

There is a death benefit that will be paid to dependants, regardless of who was at fault for the accident.