Sentences with phrase «death benefit payable»

The variable life insurance policy can offer a guaranteed death benefit payable under the policy.

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

In case of Option II, besides the basic death benefit payable on death, an additional benefit is payable in case of accidental death.

The total death benefit payable can not be less than 105 % of all the premiums paid.

The Guaranteed Death Benefit payable is 105 % of the total premiums (including top - up premiums) paid.

The minimum Death Benefit payable should be 105 % of the total premiums paid, as on the date of death.

«Second to die» policies like these make death benefits payable after the death of the surviving spouse.

Death benefits payable directly to beneficiaries, avoiding the delays and costs of probate court.

The original owner is paid an amount more than the cash surrender value that the owner could obtain from the insurer, and less than the current death benefit payable under the policy.

The quantum of death benefit payable is also important to consider.

The minimum death benefit payable is at least 105 % of all the premiums paid.

If the life insurance death benefit paid to you is not greater than the amount of the life insurance death benefit payable at death then it is not taxable and you should not include it on your tax return.

The graded death benefit feature limits the amount of death benefits payable in the early years to return of premiums with interest.

Additionally, BSLI will refund the premiums collected after the date of accident till the date of death with interest as informed by them along with death benefit payable.

The amount of death benefits payable from social security and an employer - sponsored life insurance plan

The risk therefore exists that the policy loan plus the accrued interest will, over time, cannibalize the death benefit such there will be a much smaller death benefit payable when the insured dies.

If a life insurance death benefit is paid to you in a lump sum or other than at regular intervals, include it in your gross taxable income on your tax return only to the extent it is more than the amount of life insurance death benefit payable to you at the time of the insured person's death.

If the proposed insured or family can make / afford a single premium payment (single lifetime payment for the policy) they can have an immediate death benefit payable in month 7 of the policy!

Following R's death, D, his widow, filed an application for the lump - sum death benefit payable on his earnings record, as well as for a widow's insurance benefit to which she was also entitled on his earnings record.

Certain employee death benefits payable by reason of death of certain terrorist victims or astronauts

In a Decreasing Term Insurance plan, the amount of death benefit payable decreases with each passing year.

Under IRC section 101 (a)(l), business - owned life insurance policy death benefits payable to the company may be received income tax free as long a certain conditions are met.

There is also a CPP death benefit payable of 6 months of your wife's retirement benefit, Keith, up to a maximum of $ 2,500.

The amount of an additional death benefit payable under section 93 (2)(a) in respect of an accident occurring on or after January 1, 1987 is $ 145 a week.

Face Amount The initial death benefit payable on your life insurance policy, as indicated on the face page.

The company's Simplified Life is a graded death benefit whole life insurance policy is issued to those aged 50 — 80, providing death benefits from $ 2,500 to $ 25,000, level premiums guaranteed never to increase and a full death benefit payable after two policy years.

The CI Sum Assured shall accelerate the Death Benefit to the extent of the CI Sum Assured with the remaining Death Benefit payable on death.

This will provide him with $ 118,073 in income tax - free death benefits payable to his beneficiary upon his death.

suicide death benefit payable, second addressee, second addressee with parents, senior life insurance, will be lapsing 2 Responses

The death benefit is payable if the life insured dies during the term of the policy provided the policy is premium paying.The death benefit payable to the nominee is equal to the death sum assured under the policy.Death Sum Assured is defined as the higher of 10 times the Annualized Premium OR 105 % of all the premiums paid as on date of death of the Life Assured, OR Guaranteed Maturity Benefit (i.e. Basic Sum Assured), OR Absolute amount assured to be paid on death (i.e. Basic Sum Assured).

Where an ICBC insured at the date of death resulting from a motor vehicle accident comes within an age group set out in column A of the following Table and the insured has the status set out in column B, C or D, the amount of death benefit payable under section 92 is the amount set out below that status and opposite that age group.

c. Death Benefit (death due to Accident)-- No waiting period is applicable: This is an in - built cover under this Plan where In case of Accidental death of the Life Insured during the Policy term, total Death Benefit payable will be equal to two times of the Sum Assured on Death (as defined above) provided such death was caused directly by such Accident and independently of any physical or mental illness within one hundred twenty (120) days of the date of Accident.

You can also borrow the funds or take a loan out against the cash accumulation portion, although this canreduce the amount of death benefits payable from the policy.

If the proposed insured or family can make / afford a single premium payment (single lifetime payment for the policy) they can have an immediate death benefit payable in month 7 of the policy!

Pursuant to these provisions, the Administration withheld the lump - sum death benefit payable to D on her deceased husband's earnings record.

Proceeds In life insurance or annuities, the net amount of death benefit payable by the company at the insured's death.

Family Income Benefit Option: It is 110 % of Guaranteed Death Benefit payable in 60 monthly installments.

The minimum Death Benefit payable should be 105 % of the single premium paid.

You can also borrow the funds or take a loan out against the cash accumulation portion, although this canreduce the amount of death benefits payable from the policy.

1 Accessing cash values, through loans and partial surrenders or by accelerating benefits for long term care benefit payments, will reduce the death benefit payable, the cash surrender value and the long term care coverage available.

After annuity income payments begin, any death benefit payable will be based on the annuity option you have chosen.

a. Death Benefit (other than death due to Accident)-- During Waiting period of 90 days: In case of the death (other than due to Accident) of the Life Insured during the Waiting Period of 90 days, the Death Benefit payable will be 100 % of premiums paid till the date of death, exclusive of applicable taxes.

The death benefit payable shall be higher of Sum Assured payable on death or 105 % of all premiums paid (excluding an underwriting extra premium).

However, the death benefit payable shall never be lower than 105 % of all premiums paid (excluding any additional charges as levied by the Company over and above the standard premium rates).

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 customer.

Term or permanent life may both be used for this purpose because the focus is the death benefit payable to the heirs.

Subject to the Policy being in force, as on the date of death, the death benefit payable under the product will be Higher of: 1.

In the event of death of the Life Insured during the Policy Term, subject to the policy being in force, the Death Benefit payable shall be equal to the Sum Assured on death.

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