Sentences with phrase «death benefit payment at»

Because the risk of insuring these individuals is lower, term life offers a much higher death benefit payment at a much more affordable monthly premium.

Not exact matches

At this point, the carrier will give you a lump sum payment equal to your total death benefit and end your policy.

And at the bottom, hand - to - mouth end of the economy, a gap of weeks between benefit payments can be a matter of life and death.

If the beneficiary is a minor, another option is an «interest income» payout, which makes guaranteed payments toward the interest on the death benefit for a specified time — for example, until the minor comes of age — at which point the benefit amount becomes available to that beneficiary.

With lump sum payments you'll get the entire death benefit at once.

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).

Whereas, a life insurance contract is an asset that is designed (at least traditionally) to provide a death benefit to one's estate, an annuity is centered around converting a lump sum payment (or series of payments) into a stream of income for a fixed period (usually for life).

Those payments are invested in the company's general account, which in turn, guarantees that you or your beneficiaries will receive at least the policy's guaranteed cash value or death benefit.

Fixed annuities offer a standard death benefit of a lump sum payment or withdrawals under an income option of the full value of the contract at time of death.

At this point, the carrier will give you a lump sum payment equal to your total death benefit and end your policy.

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

If there are no dependent children, or none that are eligible for this benefit at the time of death, the beneficiary will receive a lump sum payment of $ 2,500.

Upon her partner's death, Ms McLaughlin claimed Bereavement Payment and Widowed Parent's Allowance, but was refused both benefits by the DSD because she was neither married to nor a civil partner of Mr Adams at the date of his death.

In the event that the Insured dies after a written request for an accelerated death benefit is submitted but before payment is made and we receive written notice at our home office of this death, the request for an accelerated death benefit will be considered void and no benefit will be paid under the rider.

And as your pay down on your home loan accelerates since you are applying more of your payment to principal, your death benefit pay out also decreases at an accelerated rate to match.

(Note: Any Long Term Care payments will be deducted from your total death benefit, and the total amount you can collect will be capped at your total death benefit for your policy.

The insured may make a nomination at any time during the policy term with the purpose of payments of benefits in the event of his death.

There are two preferences of payment of death benefit under this HDFC child plan which are Save Benefit and Save - n - Gain Benefit and the death benefit will be paid as per the Benefit Payment Preference chosen by the policyholder at the time of buying tpayment of death benefit under this HDFC child plan which are Save Benefit and Save - n - Gain Benefit and the death benefit will be paid as per the Benefit Payment Preference chosen by the policyholder at the time of buying tbenefit under this HDFC child plan which are Save Benefit and Save - n - Gain Benefit and the death benefit will be paid as per the Benefit Payment Preference chosen by the policyholder at the time of buying tBenefit and Save - n - Gain Benefit and the death benefit will be paid as per the Benefit Payment Preference chosen by the policyholder at the time of buying tBenefit and the death benefit will be paid as per the Benefit Payment Preference chosen by the policyholder at the time of buying tbenefit will be paid as per the Benefit Payment Preference chosen by the policyholder at the time of buying tBenefit Payment Preference chosen by the policyholder at the time of buying tPayment Preference chosen by the policyholder at the time of buying the plan

Then I read further, and apparently, the idea is more like, the death benefit goes up over time as the premiums are paid, but if someone stops paying the premiums the death benefit is still paid but it's just whatever small amount he had left it at with his last premium payment.

The policy owner can be given a cheque from the insurance company for the dividends, the dividends can be used to reduce the premium payment, or the dividends can be reinvested back into the policy to increase the death benefit and the cash value at a faster rate.

The annuity would provide lifetime (or a certain yearly amount) of future payments, but would have no value at death while the life policy would immediately create a sizable death benefit providing tax - free proceeds to children or a spouse at passing.

At the end of 2016, Assurity Life Insurance Company had taken in more than $ 195.5 million in net premiums and deposits, and during that same year, the company had paid out nearly $ 63 million in policyholder payments, and more than $ 113 million in death benefits.

It was designed to add flexibility to the payment of specified claims by advancing part of the death benefit if the insured: (a) has been confined to an eligible nursing home for at least 6 months and is expected to be permanently confined; (b) is terminally ill and has a life expectancy of six months or less; or (c) requires an organ transplant and would have only six months or less to live without the transplant procedure.

At this point, the carrier will give you a lump sum payment equal to your total death benefit and end your policy.

Platinum boasts multiple new features at no additional cost, including a return of premium rider, guaranteeing the policy's cash surrender value will never be less than the premium payment; accelerated benefit riders for chronic illness, critical illness, and terminal illness; and a charitable giving rider, a unique feature that provides an additional death benefit of 1 percent of the policy face amount to the applicant's charity of choice.

Then look at whatever the corresponding monthly payment will be for whatever death benefit you are contemplating.

Used to preach, buy term, invest the difference... But a permanent death benefit, cash values, tax free loans, tax free lump sum payment to beneficiary, privacy of beneficiary info, very difficult for others to get at your cash value, ability to fund very high amounts with tax benefits, cheaper while you are younger / healthy, paid up additions, Potential less premium with IUL and index gains potential, or Whole Life and pay more for insurance, but higher dividends...

It's simply the insurance company promising that after so many payments at a certain amount, they will guarantee a death benefit.

Death benefit amounts, premium payments, and even some core contract provisions can be changed almost at any time.

That it's not all bad news when it comes to the graded death benefit policies because in most cases, if an insured dies from «natural» causes during the graded death benefit period, most guaranteed life insurance policies (or at least the ones we offer here at TermLife2Go) will have some «reimbursement program» whereby the insured's beneficiary will receive back some if not all of the premium payments that the insured paid plus some type of additional interest earns as well.

But, the policyholder may simply increase the premium payments or lower the death benefit (or both) to keep the policy in force at any time.

Fixed Death Benefit — Standard term policies also have a fixed death benefit, the amount of which is determined by the policyholder at issuance and affects the premium payments that will be Death Benefit — Standard term policies also have a fixed death benefit, the amount of which is determined by the policyholder at issuance and affects the premium payments that will bBenefit — Standard term policies also have a fixed death benefit, the amount of which is determined by the policyholder at issuance and affects the premium payments that will be death benefit, the amount of which is determined by the policyholder at issuance and affects the premium payments that will bbenefit, the amount of which is determined by the policyholder at issuance and affects the premium payments that will be made.

Another endorsement — the Income Protection Option (IPO)-- will allow the policy owner to choose a specific form of payout for the policy's death benefit, including either a lump sum at various times or monthly payments to the beneficiary, at the time of policy issue.

You can reduce or increase your death benefit, and also pay your premiums at any time and in any amount (subject to certain limits) after you've made your first premium payment.

For instance, revisiting the earlier scenario, consider for a moment what happens if the insured makes ongoing premium payments — to cover both the annual insurance death benefit, and to build up the reserves to have the policy endow at $ 1,000,000 at age 100 — and then passes away after only 20 years.

Name of Plan = SBI Life Shubh Nivesh Age at entry = 26 years Annual Premium Outgo = Rs. 31000 Policy term = 15 years Premium payment term = 15 years Death Benefit = Rs. 500000 + Accrued Bonus Maturity Benefit = Rs. 6,63,875

■ The additional death benefit can be taken as lump sum or as 25 % of basic sum assured paid at the end of the each last four years and family income benefit as 1 % of the basic sum assured at the end of every month following the date of death till the end of the policy term but not less than 36 monthly payments.

Permanent life insurance policies have higher premiums since payment of the death benefit is guaranteed at some point.

If she wanted to stop paying monthly premiums at the age of 65, and still have permanent life insurance in - force, she could exercise the paid up additions option and have a death benefit of $ 170,500 for life, without making another premium payment — ever.

Generally, a universal life policy provides flexibility by allowing the policy owner to change the death benefit at certain times, or to vary the amount or timing of premium payments.

By making regular payments, you are guaranteed a pre-set benefit that beneficiaries receive at the time of death.

Options of Death Benefit can be chosen based on the age at entry, Premium Payment Term and Policy Term as per the following table:

(2) On the payment of the last monthly income / lump sum benefit amount at the end of the Benefit Pay out period, orbenefit amount at the end of the Benefit Pay out period, orBenefit Pay out period, or death.

In this post let us understand about — Key features of iProtect Smart plan, details about various plan options, information on accidental death benefit & Critical illness benefit, death benefit payment options, enhanced protection at key life stages (like marriage, child birth etc.,) and review on iprotect smart insurance plan.

Those payments are invested in the company's general account, which in turn, guarantees that you or your beneficiaries will receive at least the policy's guaranteed cash value or death benefit.

The highlights of the key features and benefits are as follows: ● There are maturity benefits with a sum assured at the end of the term plan ● There are death benefits ● Annual income payments to the family in case of an untimely death ● Maturity amount is free from tax under section 10D, and Premium payable is applicable for rebate under section 80C ● The Policy garners profits from LIC in the way of bonuses

This plan provides annual survival benefits at the end of the completion of premium payment up to 100 years of age and a maturity lump sum amount at maturity of term or death of the policyholder during the term.

It is, at this time, unknown whether these accelerated death benefit payments will be taxable or not.

Whereas, a life insurance contract is an asset that is designed (at least traditionally) to provide a death benefit to one's estate, an annuity is centered around converting a lump sum payment (or series of payments) into a stream of income for a fixed period (usually for life).

Staggered payment with increasing annual income @ 5 % p.a, wherein 20 % of Death Benefit is received at the time of claim settlement with the balance proceeds being received as an annual income.