Sentences with phrase «death benefit payable after»

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.

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

Not exact matches

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

It is also clarified that if the Accident occurs during the Policy Term and the death due to the said Accident happens after the expiry of the Policy Term (but within 120 days from the date of Accident), Death benefit will be paydeath due to the said Accident happens after the expiry of the Policy Term (but within 120 days from the date of Accident), Death benefit will be payDeath benefit will be payable.

If death occurs after the «term» of coverage expires, no benefit is payable.

The amount of a survivor's death benefit payable under section 93 (2)(b) in respect of an accident occurring on or after January 1, 1987 is $ 35 a week.

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.

(2) Notwithstanding anything in this Act, but subject to subsections (2.1) and (2.2), an application for a benefit, other than a death benefit, that would have been payable in respect of a month to a deceased person who, prior to the person's death, would have been entitled on approval of an application to payment of that benefit under this Act may be approved in respect of that month only if it is made within 12 months after the death of that person by the estate, the representative or heir of that person or by any person that may be prescribed by regulation.

Furthermore, in order to address the possibility that an employee with a shortened life expectancy could accelerate the annuity starting date in order to avoid this rule, this table is available only if, under the contract, no benefits are payable in any case in which the employee selects an annuity starting date that is earlier than the specified annuity starting date under the contract and the employee dies less than 90 days after making that election, even if the employee's death occurs after his or her selected annuity starting date.

Under a QLAC, the only benefit permitted to be paid after the employee's death is a life annuity, payable to a designated beneficiary, that meets certain requirements.

After the second year, the full death benefit is payable upon death regardless of the cause of death.

With North American Life Insurance Company's Custom Guarantee universal life insurance policy, an insured has the ability to have guaranteed death benefit protection up to his or her age 120, with no premiums payable after age 100.

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

In case of the Accidental rider, benefit is not payable for death from accidents which are self - inflicted or due to civil commotions, riots, war, participation in hazardous sport activities, criminal activities or if death occurs 6 months after the accident.

If your policy was issued after 8/16/2006, the life insurance death benefit on the life of a company employee payable to policy owner / employer can be subjected to income taxes.

The Custom Guarantee universal life product that is offered through North American Life Insurance Company provides a guaranteed death benefit up to the insured's age 120, with no premiums payable after age 100.

Any sum received other than as death benefit under an insurance policy which has been issued on or after April 1 2003 and if the premium payable in any of the years during the term of the policy does not exceed 20 % of the sum assured.

For instance, the death benefit on some policies is only payable if the insured dies after premiums have been paid for 24 months.

These are: • Death benefits deemed on not to increase • The maturity date payable • Death benefits that should be provided right after the maturity date is being determined • The sum amount of the total endowment benefit which includes the cash value surrendered within the maturity date that should not the very least exceed the amount payable as death benefit within the span of the contDeath benefits deemed on not to increase • The maturity date payable • Death benefits that should be provided right after the maturity date is being determined • The sum amount of the total endowment benefit which includes the cash value surrendered within the maturity date that should not the very least exceed the amount payable as death benefit within the span of the contDeath benefits that should be provided right after the maturity date is being determined • The sum amount of the total endowment benefit which includes the cash value surrendered within the maturity date that should not the very least exceed the amount payable as death benefit within the span of the contdeath benefit within the span of the contract.

After the stipulated period, only the face amount corresponding to the ordinary life policy is payable as a death benefit.

After the second year the death benefit is fully payable and your beneficiaries would get the full $ 10,000 on your passing.

Premium Payable: As per the choices made above, his annual premium works out to 6,950 # (excluding taxes) Benefit Payable: And If Krish's death occurs in the 2 policy year after paying his premium for initial 2 years, the benefit payable to Krish's nominee (s) wPayable: As per the choices made above, his annual premium works out to 6,950 # (excluding taxes) Benefit Payable: And If Krish's death occurs in the 2 policy year after paying his premium for initial 2 years, the benefit payable to Krish's nominee (s) wBenefit Payable: And If Krish's death occurs in the 2 policy year after paying his premium for initial 2 years, the benefit payable to Krish's nominee (s) wPayable: And If Krish's death occurs in the 2 policy year after paying his premium for initial 2 years, the benefit payable to Krish's nominee (s) wbenefit payable to Krish's nominee (s) wpayable to Krish's nominee (s) will be:

The provision amends an individual life insurance policy to make the death benefit payable to the surviving spouse after the death of either one.

In case of suicide committed after 12 months of policy inception or revival, the death benefit payable to the nominee will be higher or Surrender Value, if applicable or 80 % of total premiums paid.

If the insured dies within the grace period, then, death benefits under the plan shall be payable which is the complete sum assured after making applicable deductions of the premiums due.

Income Benefit is not payable if the death or the first diagnosis of cancer occurs after the premium payment term.

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.

If you should die after 5 years, that is after your 20 year term ends, there would be no death benefit payable to your dependents...

After risk commences, the death benefit would be equal to the benefit payable for ages 5 years and above.

In case, death occurs after claim has been paid for cancer and income benefit being triggered, no additional benefit will be payable on death and outstanding income benefits (if any) will be payable to the nominee.

Income Benefit: Total of all the regular premiums due under the policy, after the date of death or diagnosis of cancer when occurs during the premium payment term is payable.

With the waiver of premium benefit, a child plan continues till end of the policy term, even after death and the maturity benefit is also payable.

The death benefit is graded which means that it is not payable until after being insured for at least two years.

The first instalment will be paid to the nominee after the settlement of claim and the remaining 10 instalments will be paid on each of the following death anniversary of the Life Assured plus Additional benefit shall be payable along with the last annual instalment.

After paying the death benefit the policy will terminate nd no more benefits will be payable.

In the event of death of the life insured after the premium paying term, the Death Benefit payable is higher of 105 % of total premiums paid, 10 times the Annualized Premium, or 120 % of Sum Assured, irrespective of guaranteed cashback already death of the life insured after the premium paying term, the Death Benefit payable is higher of 105 % of total premiums paid, 10 times the Annualized Premium, or 120 % of Sum Assured, irrespective of guaranteed cashback already Death Benefit payable is higher of 105 % of total premiums paid, 10 times the Annualized Premium, or 120 % of Sum Assured, irrespective of guaranteed cashback already paid.

The death benefit is payable even after the commencement of the survival benefit during the term of the policy.

If death occurs after the end of first 10 policy years, no death benefit is payable.

If death happens after the end of 20th policy year, no death benefit is payable.

Scenario B: Karan dies during the Term of the Policy In the event of death of Karan after paying 2 annual premiums, the death benefit payable is higher of Sum Assured on Death or 105 % of all premiums death of Karan after paying 2 annual premiums, the death benefit payable is higher of Sum Assured on Death or 105 % of all premiums death benefit payable is higher of Sum Assured on Death or 105 % of all premiums Death or 105 % of all premiums paid.

Sum Assured on Death is the sum of annual Income Benefit (which is 10 % of basic sum assured) payable on or after the date of death and Assured Absolute Amount (which is 110 % of Basic Sum Assured) payable on matuDeath is the sum of annual Income Benefit (which is 10 % of basic sum assured) payable on or after the date of death and Assured Absolute Amount (which is 110 % of Basic Sum Assured) payable on matudeath and Assured Absolute Amount (which is 110 % of Basic Sum Assured) payable on maturity.

The policy terminates after payment of the death benefit and no future payouts is then payable.

In case of death of the any insured member (whosoever dies first out of the 2 lives or both lives die together) after payment of Terminal Illness Benefit, remaining amount of the Sum Assured is payable and contract will terminate thereafter.

In case of death of the any insured member after payment of Terminal Illness Benefit, remaining amount of the Sum Assured is payable and contract will continue for the 2nd life till death of 2nd life or expiry of policy term, whichever is earlier.

In case of death of the insured member after payment of Terminal Illness Benefit, remaining amount of Base Sum Assured is payable.

As in the case of the limitations on benefits payable after death, these limitations would allow an annuity contract to maximize the annuity payments that are made while a participant or beneficiary is alive.

In case, death occurs after 5 years, death benefit = SA + GA + Loyalty Addition is payable.

The policy really does lapse after the grace period and at that point there is no death benefit is payable, but again, I think you'll find most companies, understanding that things happen, will do all they can to help you reinstate your coverage with minimal hassle.

On death after the date of commencement of risk: Death benefit, defined as sum of «Sum Assured on Death» and vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be paydeath after the date of commencement of risk: Death benefit, defined as sum of «Sum Assured on Death» and vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payDeath benefit, defined as sum of «Sum Assured on Death» and vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payDeath» and vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable.