Sentences with phrase «death benefit payable when»

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.

Not exact matches

4 Accidental Death Benefit Rider doubles the insurance proceeds payable when death occurs prior to age 65 as a result of accidental bodily inDeath Benefit Rider doubles the insurance proceeds payable when death occurs prior to age 65 as a result of accidental bodily indeath occurs prior to age 65 as a result of accidental bodily injury.

Eclipse Survivor Indexed UL — This type of policy gives coverage to 2 people and the death benefits become payable when the second one of the parties dies.

When there is «gap,» or difference, between the cash value of the policy and the death benefit payable under the policy, this difference is the «net amount at risk» since it represents an amount of money that the insurer needs to pay with money that the policy has not yet earned.

Death benefit is the amount on a life insurance policy, annuity or pension that is payable to the beneficiary when the insured or annuitant passes away.

Over time, the guaranteed cash value, and dividends (when payable) can be used for the trust's immediate use, or the dividends could purchase paid - up additional insurance to increase the total death benefit payable to the trust.

When the person whose life is assured passes away, the Death Benefit is payable immediately to his or her beneficiaries.

Answer: Death benefit is payable on the death of the policyholder within the active term of the policy or when it has a Reduced Insurance CDeath benefit is payable on the death of the policyholder within the active term of the policy or when it has a Reduced Insurance Cdeath of the policyholder within the active term of the policy or when it has a Reduced Insurance Cover.

Death benefit: Death benefit is the amount on a life insurance policy, annuity or pension that is payable to the beneficiary when the insured or annuitant passes away.

Chosen «Monthly Benefit» will be paid monthly in arrear increasing at 5 % every policy year to the nominee till the end of the term OR 5 years, whichever is later on death of life assured, payable when the unfortunate event of death of life assured has been confirmed.

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.

When the cash value and the death benefit equal each other, at age 100, the policy is said to be «matured»; the policy is then payable to you at your age 100.

While in term assurance policy, benefit ispayable in the event of any eventuality of the policy holder, inpersonal accident policy benefits are payable when the insured isfatally injured on encounters unfortunate death.

Scenario B - Death Benefit: In the event of his death when the policy is in - force, the higher of Sum assured less partial withdrawals (in the preceding two years), 105 % of all premiums paid or Fund value is payable to the nomDeath Benefit: In the event of his death when the policy is in - force, the higher of Sum assured less partial withdrawals (in the preceding two years), 105 % of all premiums paid or Fund value is payable to the nomdeath when the policy is in - force, the higher of Sum assured less partial withdrawals (in the preceding two years), 105 % of all premiums paid or Fund value is payable to the nominee.

When death occurs prior completion of the endowment term, the death benefit payable is higher of Sum Assured on Death plus Vested Simple Reversionary Bonuses plus Terminal Bonus or 105 % of the total premiums death occurs prior completion of the endowment term, the death benefit payable is higher of Sum Assured on Death plus Vested Simple Reversionary Bonuses plus Terminal Bonus or 105 % of the total premiums death benefit payable is higher of Sum Assured on Death plus Vested Simple Reversionary Bonuses plus Terminal Bonus or 105 % of the total premiums Death plus Vested Simple Reversionary Bonuses plus Terminal Bonus or 105 % of the total premiums paid.

This benefit is payable when place of death is 100 kms or more from the insured's place of residence.

When you buy an insurance endowment plan, the benefits are payable, only in case of death or maturity claim.

10 % of Basic Sum Insured is payable for a period of up to 5 years.The Income Benefit will be paid as and when due irrespective of the expiry of the Policy Term or in case of death of Policyholder.