Sentences with phrase «death benefit payable by»

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

Not exact matches

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.

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 custDeath 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 cuBenefit 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 custdeath, 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 custdeath benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the cubenefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the custdeath benefit option selected by the cubenefit option selected by the customer.

This coverage can help protect your loved ones by providing cash benefits payable at your death.

Under the terms of our annuity contracts currently being issued, if the annuity contract is owned by an individual other than the annuitant, no death benefit is payable in the event of the annuitant's death.

Accidental Death benefit is payable for an accidental death due to a bodily injury caused by external and purely accidental means occurring before agDeath benefit is payable for an accidental death due to a bodily injury caused by external and purely accidental means occurring before agdeath due to a bodily injury caused by external and purely accidental means occurring before age 85.

Under the second variant, a death benefit consists of a Lump Sum benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your benefit consists of a Lump Sum benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your Benefit at the conclusion of the Term of your policy.

If you borrow against an existing policy to pay premiums on a new policy, death benefits payable under your existing policy will be reduced by the amount of any unpaid loan, including unpaid interest.

The benefit is payable to a designated beneficiary in the event of death by a lump sum of 4 x annual basic salary.

(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.

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

Upon the death of the insured, the death benefits payable are reduced by the total accelerated death benefit lien.

The term «death benefit» means the amount payable by reason of the death of the insured (determined without regard to any qualified additional benefits).

The benefits payable under the plan will be paid as promised without being affected by the death of the insured.

The Additional Death Benefit is calculated by adding up the discounted value of the money - back benefits payable in the last 4 years of the policy and the inbuilt Family Income Benefit

On death of the insured a benefit higher of the chosen Sum Assured or annualized premium multiplied by 10 or 105 % of aggregate premiums paid is payable to the nominee

The Death Benefit promised by the contract is a fixed obligation calculated to be payable at the end of life expectancy, which may be 50 years or more in the future.

The Accidental Death Benefit Rider Sum Assured will not be payable if the death is caused by any of the folloDeath Benefit Rider Sum Assured will not be payable if the death is caused by any of the follodeath is caused by any of the following.

The lump sum death benefit is payable as long as the deceased worker was considered to be currently insured, which means they had at least 6 quarters of earnings covered by Social Security withholding during the full 13 - quarter period prior to their death.

No benefit for accidental death is payable if the Insured's death is caused or contributed to by: disease or infirmity of mind or body, or medical or surgical treatment for such disease or infirmity; an infection not occurring as a direct result or consequence of an accidental bodily injury; any attempt at suicide, or intentional self - inflicted injury, while sane or insane; travel in an aircraft or device used for testing or experimental purposes, used by or for military authority or used for travel beyond the earth's atmosphere; active participation in a riot or insurrection; committing or attempting to commit a felony; intoxication as defined by the jurisdiction where the accidental injury occurred; riding or driving an air, land or water vehicle in a race, speed or endurance contest; rock or mountain climbing; bungee jumping; or aeronautics (hang - gliding, skydiving, parachuting, ultralight, soaring, ballooning and parasailing).

The clause in the Insurance Contract that defines that no death benefits will be payable by the Insurer, in case the Insured commits suicide during a specified initial period, usually in the first year of the policy.

The annuity will be payable in arrears post deferment period as per payment frequency chosen by you, for as long as either of the primary or the secondary annuitant is alive.Death benefit is payable as a lumpsum to the nominee, on later of the deaths of the two annuitants.

Upon the death of the insured, the death benefits payable will be reduced by the total accelerated death benefit lien.

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 policy.

If the life assured has an accident caused by outward, violent and visible means and results in the death within a period of 180 days of the occurrence of the incident then this rider benefit shall be payable.

DHFL Pramerica Family Income Plan is a decreasing term plan offered by DHFL Pramerica Life Insurance wherein the death benefit may either be payable in a lumpsum to the nominee or in equal monthly installments till the end of the policy tenure.

The death benefits with Reduced Paid - Up value shall be the sum assured on death multiplied by the ratio of the number of premium installments paid to the total number of installment premium payable.

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.

Death benefit: If the insured had died within the coverage duration, then the sum assured could be payable to their own family contributors or nominee selected by using the Insured.

One of the most important benefits offered by this rider is, in the case of death in an accident, an extra sum assured, equivalent to the sum assured in the accidental benefit is payable.

In case of death of the insured during the tenure of the plan, the death benefit payable will be higher of the Sum Assured which is the annual premium multiplied by the Sum Assured multiple or maturity Sum Assured or 105 % of premiums paid till death

In such cases, a discounted value of the outstanding annual income is received by the nominee, subject to a minimum of the Death Benefit payable less annual income already paid.

However, an ADB increases premium charges, and using it decreases the death benefit payable to your beneficiaries by a certain percentage.

Interim Bonus: In case of death claim or maturity benefit part way through a financial year or before the valuation result is declared, the interim bonus is payable, as decided by the company.

The Sum Assured chosen by him is Rs. 3,00,000 for which he is paying a premium of Rs. 16,136 p.a.. On maturity date, Nitin will receive the following Maturity Benefit: In case of unfortunate death of Nitin at the end of the 10th policy, the nominee will receive trhe Death Benefit as given below: 1) Death Benefit payable immediately 2) Death Benefit payable Income Benefit: Rs. 2,500 will be paid every month for 120 modeath of Nitin at the end of the 10th policy, the nominee will receive trhe Death Benefit as given below: 1) Death Benefit payable immediately 2) Death Benefit payable Income Benefit: Rs. 2,500 will be paid every month for 120 moDeath Benefit as given below: 1) Death Benefit payable immediately 2) Death Benefit payable Income Benefit: Rs. 2,500 will be paid every month for 120 moDeath Benefit payable immediately 2) Death Benefit payable Income Benefit: Rs. 2,500 will be paid every month for 120 moDeath Benefit payable Income Benefit: Rs. 2,500 will be paid every month for 120 months.

This plan provides a lumpum payout payable immediately on death, followed by regular payouts in the form of Family Income Benefit and the total Fund Value at the end of the Policy Term.

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 custDeath 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 cuBenefit 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 custdeath, 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 custdeath benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the cubenefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the custdeath benefit option selected by the cubenefit option selected by the customer.

The plan is eligible for the bonuses declared by the company.A simple Reversionary Bonus which is declared at the end of each financial year and is payable either on death or on maturity, whichever event happens first.The plan offers minimum 3 % guaranteed reversionary bonus.A Terminal Bonus may be added to a policy which depends on the actual future experience it is not a guaranteed benefit.

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).

The total Death Benefit payable should be at least equal to 105 % multiplied by sum of all the premiums paid till the date of dDeath Benefit payable should be at least equal to 105 % multiplied by sum of all the premiums paid till the date of deathdeath.

In case of Total Permanent Disability suffered by the life insured due to an accident either immediately or within 90 days from the date of Accident, the benefit payable to the nominee will be same as Death Benefit under the plan.The policy will terminate on occurrence of Accidental Total and Permanent Disability benefit payable to the nominee will be same as Death Benefit under the plan.The policy will terminate on occurrence of Accidental Total and Permanent Disability Benefit under the plan.The policy will terminate on occurrence of Accidental Total and Permanent Disability (ATPD).

The amount payable as Death Benefit is reduced by the outstanding loan amount, accumulated interest and due premiums or the unpaid premiums during the policy year in case of dDeath Benefit is reduced by the outstanding loan amount, accumulated interest and due premiums or the unpaid premiums during the policy year in case of deathdeath.